Production & Industry news

• EPA Issues Rules That Could Reshape Electric Generation

  26-04-2024 08:56 via industrialinfo.com
  April 26, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The U.S. Environmental Protection Agency (EPA) (Washington, D.C.) released four finalized rules Thursday that could fundamentally revamp U.S. electricity generation by sharply reducing allowable emissions from existing coal-fired power plants as well as future gas-fired generators. A separate rule, covering emissions from existing gas-fired generators, is expected later this year.
  
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• Join IIR for a Webinar on the Outlook for the Chemical Processing Industry

  07-05-2024 08:56 via industrialinfo.com
  
  May 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is pleased to be presenting a complimentary webinar on the spending outlook for the global Chemical Processing Industry on Wednesday, May 8, at 10 a.m. CDT (11 a.m. EDT). Join our industry experts as they explore the trends and market drivers seen in this dynamic industry.
  
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• Low Prices Drag Down Earnings at Four Large Gas-Oriented Drillers

  07-05-2024 08:55 via industrialinfo.com
  
  May 7, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Low first-quarter natural gas prices punished profits at four large U.S. gas-oriented independent oil and gas producers: EQT Corporation (NYSE:EQT) (Pittsburgh, Pennsylvania), Range Resources Corporation (NYSE:RRC) (Fort Worth, Texas), Antero Resources Corporation (NYSE:AR) (Denver, Colorado) and Coterra Energy Incorporated (NYSE:CTRA) (Houston, Texas).During the just-completed quarter, spot natural gas prices a
  
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• Rivian Lands $827 Million in Illinois Incentives to Expand Auto Plant

  07-05-2024 08:50 via industrialinfo.com
  
  May 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Electric vehicle manufacturer Rivian Automotive Incorporated (Irvine, California) has received state funding to expand a plant in Illinois, where Industrial Info is tracking $39 billion worth of active and planned capital-spending Industrial Manufacturing Industry projects.
  
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• Nippon Steel Postpones U.S. Steel Acquisition

  07-05-2024 08:45 via industrialinfo.com
  
  Researched by Industrial Info Resources (Sugar Land, Texas)--Nippon Steel Corporation (Tokyo, Japan) said last week it was delaying the close of its $14.9 billion acquisition of United States Steel Corporation (NYSE:X) (U.S. Steel) (Pittsburgh, Pennsylvania) by three months after the U.S. Department of Justice requested more information and documents on the deal.
  
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• Maersk Avoiding Red Sea for Foreseeable Future

  07-05-2024 08:40 via industrialinfo.com
  
  May 7, 2024-- Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)-- Shipping giant Maersk (Copenhangen Denmark) said it is rerouting around the Cape of Good Hope for the foreseeable future to avoid conflict in the Red Sea, where Iranian-backed forces are targeting the maritime industry.
  Maersk said Monday that the complexity of the situation in the Red Sea is evolving and expanding, with attacks moving further and further offshore.
  
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• Financial Boost for First French Small Nuclear Project

  07-05-2024 08:01 via industrialinfo.com
  
  GALWAY, IRELAND--May 7, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The European Commission (EC) has approved a 300 million euro (US$321 million) award by the French government to support the development of its first small modular reactor (SMR) project by state-owned Electricite de France (EDF) (Paris, France).Within this article: Details financial boost for first French small modular reactor (SMR) project at Le Havre, technology, capacity, timeline
  
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• Pan American Silver Sells Peruvian Gold Mine to Zijin Mining

  07-05-2024 07:55 via industrialinfo.com
  
  May 7, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Pan American Silver (NYSE:PAAS) (Vancouver, British Columbia) has sold all its interest in the La Arena gold mine and La Arena II project to Jinteng Mining, a subsidiary of Zijin Mining Group (Longyan, China), for US$245 million and a contingent payment of US$50 million, Pan American announced on May 1.
  
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• Strong Response for Latest North Sea Drilling Auction

  07-05-2024 07:03 via industrialinfo.com
  
  May 7, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--More than 600 million barrels of oil equivalent could come from the licenses awarded for oil and gas drilling in the North Sea, the United Kingdom's government said.The North Sea Transition Authority (NSTA), formerly the Oil and Gas Authority, closed its 33rd oil and gas licensing round last week, seeing bids come in from 76 different companies.
  
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• Changing Consumer Habits Impacting Soft Drinks Market

  07-05-2024 07:02 via industrialinfo.com
  
  NEW DELHI--May 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--A growing focus on health and wellness has impacted the soft drinks market around the world. As consumers prioritize their well-being, the search for healthier alternatives with clean labels and high nutrition content is an ongoing trend, driving notable changes in product development and marketing strategies in the global beverage industry.
  
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• Targa Nears Major Capacity Expansions at Permian, Mont Belvieu

  06-05-2024 08:55 via industrialinfo.com
  
  May 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Targa Resources Corporation (NYSE:TRGP) (Houston, Texas) transported and processed a record amount of natural gas from the Permian Basin in the first quarter, and is preparing to expand its pipeline system in the shale play, as well as its processing capacity at its Mont Belvieu complex, to accommodate what is expected to be an historic growth in demand for natural gas and liquefied natural gas (LNG) exports.Industrial Inf
  
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• SLB to Help Dust Off Canadian, Norwegian Projects

  06-05-2024 08:50 via industrialinfo.com
  
  May 6, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A group of upstream services firms, led by SLB (NYSE:SLB) (Houston, Texas), said it signed long-term agreements to help develop prospective reserves in the Barents Sea and in the Atlantic waters off Canada.SLB, formerly Schlumberger, said it signed a long-term collaboration agreement with Norwegian energy company Equinor (NYSE:EQNR) (Stavanger, Norway) and the Subsea Integration Alliance, a group made up of
  
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• Cheniere Unfazed by Weak Q1 Performance

  06-05-2024 08:50 via industrialinfo.com
  
  May 6, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Market dynamics are doing little to disincentivize the liquefied natural gas (LNG) sector, with U.S.-based Cheniere Energy Incorporated (NYSE:LNG) (Houston, Texas) the latest to commit to expanding its export potential.
  
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• California Reaches 10,000 MW of Battery-Storage Capacity

  06-05-2024 08:50 via industrialinfo.com
  
  May 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--California Governor Gavin Newsom (D) said last month that the state surpassed 10,000 megawatts (MW) of installed battery-storage capacity, an increase of 1,250% from 770 MW in 2019. California aims for clean energy to make up 100% of its power-generation mix by 2045, and Industrial Info is tracking more than $2 billion worth of battery-storage projects under construction across the state.
  
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• G7 Nations Call for Sixfold Increase in Energy Storage

  06-05-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--May 6, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The Group of Seven major industrialized economies-the G7-have agreed to boost global energy storage capacity by more than 600% in the coming six years.
  Within this article: Details forthcoming global agreement on boosting energy storage sixfold, in particular battery energy storage systems (BESS). Current state of market, rapid growth, key factors
  
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• Japan Hosts $273 Million in Cosmetic-Related Pharma Projects

  06-05-2024 07:30 via industrialinfo.com
  
  KOFU, JAPAN--May 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking 19 capital-spending projects within Japan's Pharmaceutical & Biotech Industry geared toward perfumes, cosmetics and other toiletries, totaling more than US$340 million in investment value.
  
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• Africa Home to Three Green Hydrogen Umbrella Projects

  06-05-2024 07:02 via industrialinfo.com
  
  NEW DELHI--May 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Sub-Saharan African countries Angola, Kenya and Uganda currently are working to establish green fertilizer units along with green hydrogen and green ammonia units. Although they are in the planning stage, related projects are aimed at constructing units to produce green nitrogenous fertilizers such as NPK (nitrogen, phosphorus and potassium), ammonium nitrate--to further produce CAN (calcium ammonium nitrate
  
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• MDU Reaps Profits from Busy Natural Gas Pipeline, T&D Systems

  03-05-2024 08:55 via industrialinfo.com
  May 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy services provider MDU Resources Group Incorporated (NYSE:MDU) (Bismarck, North Dakota) enjoyed strong results in its regulated pipeline business during the first quarter, complemented by higher retail sales volumes for electricity and natural gas. The company is building out many of its busiest pipeline and transmission & distribution (T&D) systems.Industrial Info is tracking about $1.3 billion worth of acti
  
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• Tellurian Insists Driftwood LNG Facility Will Move Forward

  03-05-2024 08:50 via industrialinfo.com
  May 3, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Amid regulatory uncertainty and environmental concerns, liquefied natural gas (LNG) developer Tellurian Incorporated (Houston, Texas) said it was "laser-focused" on bringing its proposed Driftwood export facility to a final investment decision.In 2022, Tellurian secured the permits necessary for the start of construction at the $15.5 billion Driftwood facility planned for Lake Charles, Louisiana. Phase I wi
  
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• ISM: U.S. Manufacturing Activity Falls Back into Contraction Territory

  03-05-2024 08:50 via industrialinfo.com
  May 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Manufacturing activity in the U.S. contracted in April, following the first month of expansion in March since September 2022, according to a survey report by the Institute for Supply Management (ISM). However, Timothy Fiore, chair of the ISM's Manufacturing Business Survey Committee, said although demand dipped month-over-month, it still "remains at the early stages of recovery, with continuing signs of improving condition
  
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• Dominion Defends Construction Timeline for Virginia Offshore Windfarm

  03-05-2024 08:50 via industrialinfo.com
  May 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia)
  said the planned construction of a windfarm off the coast of Virginia is not impacted by recent legal action from environmental advocates.
  Dominion said Wednesday that any suggestion that its Coastal Virginia Offshore Wind (CVOW) would be delayed is "false and grossly misrepresent(s) the facts."
  
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• Biden Administration Finalizes Changes to Environmental Review Law

  03-05-2024 08:50 via industrialinfo.com
  May 3, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Most energy observers would agree that the federal environmental review process is broken, but there are sharp partisan differences about the cure. The Biden administration weighed in with its remedy April 30, a 136-page final rule to "reform, simplify and modernize the federal environmental review process" under the National Environmental Policy Act (NEPA), a bedrock federal environmental rule that was signed i
  
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• Panel Manufacturer First Solar Reports Strong Earnings on U.S. Solar Buildout

  03-05-2024 08:45 via industrialinfo.com
  May 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Solar panel manufacturer First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) is reaping the rewards of a strong U.S. solar sector, reporting net income of $236.6 million for the first three months of this year, compared with $42.5 million in the corresponding quarter of last year. While the company's products continue to be used in hundreds of solar power projects throughout the U.S., legislation such as 2022's Inflati
  
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• ExxonMobil-Pioneer Deal, Shell Earnings, Canadian Natural Resources: Your Daily Energy News

  03-05-2024 08:35 via industrialinfo.com
  We have handpicked and summarized a selection of energy-related news stories that we think will interest clients of Industrial Info and IIR Energy.Companies featured:Exxon Mobil Corporation's (NYSE:XOM), Pioneer Natural Resources (NYSE:PXD), Shell plc (NYSE:SHEL), Canadian Natural Resources Limited (NYSE:CNQ)
  
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• Codelco reporta una caída del 9,6% en su producción de cobre el primer trimestre

  03-05-2024 07:53 via industrialinfo.com
  Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--Codelco, el mayor productor de cobre de Chile, produjo 294.773 toneladas de cobre en los primeros tres meses del año, alrededor de un 9,6% menos que durante el mismo período de 2023. Sin embargo, estas cifras están en línea con los planes de la compañía, dijo Codelco en un comunicado. Incluyendo la producción de El Abra y Anglo American Sur, la empresa produjo 319.000 ton
  
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• Japan Sees Demand Surge for Semiconductor Necessities

  03-05-2024 07:45 via industrialinfo.com
  KOFU, JAPAN--May 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Semiconductor factories are springing up globally, and Japan is among the countries seeing a ripple effect in other projects catering to the burgeoning sector. Chemical products such as high-purity nitrogen gas, polymers and phosphoric acid are getting renewed attention and are expected to see continued growth in coming years.
  
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• Perenco adquiere la participación de Petrobras en los campos de Cherne y Bagre, en la Cuenca de Campos

  03-05-2024 07:35 via industrialinfo.com
  3 de mayo, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--Petrobras, la petrolera brasileña, informó que transferirá a Perenco su participación en los campos petroleros de Cherne y Bagre, en aguas someras de la cuenca de Campos, frente a la costa de Río de Janeiro. La petrolera brasileña recibirá un total de 10 millones de dólares por esta transacción, de los cuales 1 millón ya fue pagado co
  
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• Pemex registró menor utilidad neta en el primer trimestre pero mantuvo ganancias

  03-05-2024 07:13 via industrialinfo.com
  3 de mayo, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--Petróleos Mexicanos, conocida como Pemex, reportó una utilidad neta de 4.7 mil millones de pesos mexicanos (alrededor de 275 millones de dólares) en los primeros tres meses del año, en comparación con 56.7 millones de pesos mexicanos (alrededor de 3.3 mil millones de dólares) durante el mismo período en 2023.
  
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• KKR Ready to Add PG&E's Power Plants to List of Acquisitions

  02-05-2024 08:55 via industrialinfo.com
  May 2, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Investment giant KKR & Company Incorporated (NYSE:KKR) (New York, New York) is on the cusp of acquiring a significant stake in PG&E Corporation's (NYSE:PCG) (Oakland, California) fleet of power plants, according to The Wall Street Journal. The deal, which is expected to total between $2 billion and $3 billion, would see the two companies form a partnership called Pacific Generation, 49.9% of which would be held by
  
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• Down-on-Its-Luck Chesapeake Sees Hope in Merger With Southwestern Energy

  02-05-2024 08:55 via industrialinfo.com
  May 2, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Gas-rich energy company Chesapeake Energy (NASDAQ:CHK) (Oklahoma City, Oklahoma) said it believes that the planned $7.4 billion merger with Southwestern Energy (NYSE:SWN) (Houston, Texas) will help deliver the bridge fuels necessary for the energy transition.
  
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