Production & Industry news

• India Commissions First 250-MW Pumped Storage Unit in Pump Condenser Mode

  16-05-2025 07:14
  
  NEW DELHI--May 16, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--State-owned THDC India Limited, a subsidiary of National Thermal Power Corporation Limited, has announced the synchronization of the first 250-megawatt (MW) unit of its Tehri Pumped Storage Plant (PSP) in pump condenser mode, a significant milestone for India's power sector. Located in Tehri, Uttarakhand, this development marks India's first variable-speed pumped storage facility and one of only three in Asia.
  
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• Valero Plans Gasoline Imports as California Refineries Close

  09-01-2026 08:55
  January 9, 2026--Written by Will Ploch, Assistant Editor-in-Chief for IIR News (Sugar Land, Texas)--Valero Energy Corporation isn't giving up on California, despite the looming closure of a major refinery within the state. The company said it "anticipates importing additional gasoline volumes to the (San Francisco) Bay Area in the near term," which could come as a relief to Californians already facing the highest gasoline prices in the nation.Industrial Info is tracking about $1.3 billion worth
  
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• Mining Giants Rio Tinto and Glencore Back in Merger/Acquisition Talks

  09-01-2026 08:55
  January 9, 2026--Written by Brian Ford, Editor-in-Chief for IIR News (Sugar Land, Texas)--Rio Tinto (London, England) is in talks again to acquire all or part of Glencore (Baar, Switzerland) in a move that could potentially create the world's largest mining company.
  
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• Alaska LNG Looks to Supply Domestic Market

  09-01-2026 08:55
  January 9, 2026--Written by Daniel Graeber for IIR News (Sugar Land, Texas)--The developer of a gold mine in Alaska signed a preliminary agreement to secure natural gas from the first phase of the planned Alaska LNG facility, which is slated to address domestic demands.
  
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• Constellation Energy Completes Calpine Acquisition

  09-01-2026 08:50
  January 9, 2026--Written by Danny Levin, Deputy Editor for IIR News (Sugar Land, Texas)--Constellation Energy, the largest nuclear power company in the U.S., has finalized its acquisition of Calpine Corporation.
  
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• U.S. to See New & Restarted Sawmills Coming Online in 2026

  09-01-2026 08:40
  Despite an escalation in U.S. sawmill closures and consolidations, a few grassroot sawmills are set to come online in the U.S. in 2026, in addition to a restarted operation in Washington state.
  
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• India Opens Up Nuclear Power Sector

  09-01-2026 08:11
  January 09, 2026--Written by Martin Lynch for Industrial Info Resources (Galway, Ireland, Texas)--India will allow private developers to take part in its nuclear power market for the first time as the country makes nuclear power a cornerstone of the country's future energy transition. The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill was passed by both houses of the Indian parliament and is a win for its main proponent, President Narendra Modi.
  
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• U.S. Says It's Marketing Venezuelan Crude Oil

  08-01-2026 21:25
  The U.S. federal government said it would begin marketing millions of barrels of crude oil from Venezuela under the terms of a deal announced by the Trump administration with few details."The United States government has begun marketing Venezuelan crude oil in the global marketplace for the benefit of the United States, Venezuela and our allies," a readout from the U.S. Department of Energy stated late Wednesday. "We have engaged the world's leading commodity marketers and key banks to execute a
  
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• Flooding, Severe Weather Risks Loom for Southeast U.S.

  08-01-2026 21:01
  January 8, 2026--Written by Aaron Studwell, Ph.D. for IIR News (Sugar Land, Texas)--There is a slight risk of severe thunderstorms for portions of central and northeast Oklahoma, far southeast Kansas, and far southwest Missouri for this morning into early Friday, January 9. A tornado watch remains in effect for northeast Oklahoma through midday, reflecting the near-term risk as convection moves rapidly northeast.
  
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• Market Factors Alone Create Venezuelan Headwinds

  08-01-2026 08:56
  January 8, 2026--Written by Daniel Graeber for IIR Energy (Sugar Land, Texas)--The break-even price for Venezuelan crude oil is likely the highest for major global producers, which adds further complications to U.S. President Donald Trump's ambitions to overhaul a delipidated industry.Various media outlets are reporting that Trump said that interim leaders in Venezuela will hand over between 30 million and 50 million barrels of oil to the U.S. That, in turn, would be sold on the open market, wit
  
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• TechnipFMC Racks Up Work in Gulf with Contract for BP's Tiber

  08-01-2026 08:55
  January 8, 2026--Written by Will Ploch, Assistant Editor-in-Chief for IIR News (Sugar Land, Texas)--TechnipFMC added another line to its U.S. deepwater roster after BP awarded it an engineering, procurement, construction and installation contract for the Tiber offshore oilfield development in the U.S. Gulf of Mexico. The project joins a list that includes work for Cenovus Energy and Shell on some of those companies' heaviest deepwater investments.Industrial Info is tracking more than $17 billion
  
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• Alberta Backing 'Northwest Coast Oil Pipeline'

  08-01-2026 08:50
  January 8, 2026--Written by Daniel Graeber for IIR News (Sugar Land, Texas)--The provincial government of Alberta has opened a webpage dedicated to proposals for a potentially new oil export artery from the western coast of Canada, part of a broader push to expand non-U.S. trade.
  
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• Pattern Energy Obtains Active Renewables Projects in Cordelio Acquisition

  08-01-2026 08:40
  January 8, 2026--Written by Eric Funderburk for IIR News (Sugar Land Texas)--Renewable energy and power transmission company Pattern Energy (San Francisco, California) has announced it will acquire independent renewables developer Cordelio Power (Toronto, Ontario). The deal includes Cordelio's 16 operational and under-construction projects as well as a pipeline of other planned developments in key U.S. locations.
  Both companies are linked to the Canada Pension Plan Investment Board (CPP Investme
  
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• EIA: U.S. Retail Gasoline Prices Drop in 2025 for Third Year

  08-01-2026 08:40
  January 8, 2026--Written by Paul Wiseman for IIR News (Sugar Land, Texas)--Global oversupply of both crude and oil refined products led to a third consecutive year of lower pump prices for gasoline in 2025. That's according to a report from the U.S. Energy Information Administration (EIA).
  
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• ExxonMobil Lower Upstream Earnings, Iraqi Field Nationalization, U.S. Crude Oil Inventories: Your Daily Energy News

  08-01-2026 08:30
  We have handpicked and summarized a selection of energy-related news stories that we think will interest clients of Industrial Info and IIR Energy.
  
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• Brazil Hit its Highest Export Value at US$348.7 Billion in 2025

  08-01-2026 08:16
  Brazil exported US$348.7 billion in 2025, led by the manufacturing(US$188.68 billion) and extractive (US$80.43 billion) sectors. Volumes of oil and iron ore exported in 2025 broke all previous records.
  
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• Energy Transfer Plots Up to $5.5 Billion in 2026 Growth Projects

  07-01-2026 08:55
  January 7, 2026--Written by Will Ploch, Assistant Editor-in-Chief for IIR News (Sugar Land, Texas)--Energy Transfer Partners isn't slowing down. The industry titan expects to invest $5 billion to $5.5 billion in growth capital throughout 2026, especially on its natural gas-transportation network. The company, which believes it will have invested about $5 billion for 2025, says the projects it expects to bring online this year are backed by long-term commitments.Industrial Info is tracking more t
  
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• Con Ed Capital Plans Caught Between Affordability and Reliability Concerns

  07-01-2026 08:55
  January 7, 2026--Written by John Egan for IIR News (Sugar Land, Texas)--Jennifer Hensley, senior vice president of corporate affairs for Consolidated Edison Incorporated (Con Ed) (New York, New York) told investors last October that it needed to make about $72 billion of investments over the next decade "to maintain the safety and reliability of our system and to manage growth as more customers electrify their heating and transportation. And also to fortify our grid against extreme weather event
  
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• DOE Awards $2.7 Billion to Uranium-Enrichment Companies

  07-01-2026 08:53
  The Trump administration has gone to significant lengths to encourage the development of nuclear power in the U.S.: Regulatory and permitting requirements have been eased, funding has been allocated for the addition of small modular reactors (SMRs) at two sites, and the authorities have given the green light for the installation of a small-capacity advanced reactor in Wyoming. Earlier this week, the administration made another move in support of the sector by awarding more than $2.7 billion to c
  
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• Vistra Grows Gas Generation Portfolio with Cogentrix Acquisition

  07-01-2026 08:50
  January 7, 2026--Written by Danny Levin, Deputy Editor for IIR News (Sugar Land, Texas)--Vistra Corporation has agreed to acquire Cogentrix Energy and its 10 natural gas generation assets totaling approximately 5,500 MW of capacity in a deal valued at $4 billion.
  
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• U.S. LNG in Overdrive in 2025

  07-01-2026 08:45
  Supported in large part by operations at the Plaquemines export facility in Louisiana, feed gas for the U.S. liquefied natural gas (LNG) sector ended 2025 on a high note, data from IIR Energy show.Drawing on its vast shale natural gas deposits inland, the United States emerged as the world leader in exports of LNG in 2022. That came just as global energy security was at risk due to the loss of Russian gas from sanctions invoked over its invasion of Ukraine that year.
  
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• Big 'Ifs' on Venezuelan Oil Sector Revival

  06-01-2026 23:00
  January 7, 2026--Written by Daniel Graeber for IIR Energy (Sugar Land, Texas)--It's possible the Venezuelan oil sector will return to its previous glory from the mid-1970s, but it will require substantial investments and decades-long commitments, analysis from IIR Energy found.Venezuela is a founding member of the Organization of the Petroleum Exporting Countries (OPEC) and sits on top of the largest oil reserves in the world. Oil production peaked in the 1970s at 3.7 million barrels per day (BB
  
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• Big Questions About Oil and the Future of Venezuela

  06-01-2026 08:57
  The U.S. capture of Venezuelan President Nicolás Maduro and his wife over the weekend roiled both energy and geopolitical waters worldwide. U.S. President Donald Trump is promising to use the capture as leverage to help U.S. oil companies recover assets lost in Venezuela's 2007 nationalization of its oil industry--and to "run the county" if necessary to accomplish that.Many questions arise from these declarations. Are any oil companies willing to risk an investment that might never pay ou
  
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• Transport, Steel Pipe Needs Fuel Downstream U.S. Metal Sector

  06-01-2026 08:55
  January 6, 2026--Written by Will Ploch, Assistant Editor-in-Chief for IIR News (Sugar Land, Texas)--Technological changes across the energy and transportation sectors are driving product development for companies that process metals into industrial components. Industrial Info is tracking more than $2 billion worth of capital-spending projects across downstream U.S. Metal & Minerals Industry sectors that are set to begin construction before the end of the first quarter; these sectors cover th
  
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• Israel's Nofar Energy Grows U.S. Solar Presence with Pine Gate Assets Acquisition

  06-01-2026 08:50
  Israel's Nofar Energy (Tel Aviv) has taken a US$285 million dive into the U.S. solar sector, shoring up the assets of its U.S. subsidiary Nofar USA (Boca Raton, Florida), with the purchase of nine U.S. assets from troubled company Pine Gate Renewables (Asheville, North Carolina). The transaction comes about as a result of Pine Gate's filing for Chapter 11 bankruptcy protection in November last year, prompting it to surrender assets at seemingly bargain prices.
  
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• ISM: U.S. Manufacturing Activity Reaches Lowest Level in 2025

  06-01-2026 08:50
  January 6, 2026--Written by Danny Levin, Deputy Editor for IIR News (Sugar Land, Texas)--The Institute of Supply Management's (ISM) Purchasing Managers Index, a leading indicator for the level of economic activity in U.S. manufacturing, reached its lowest figure for 2025 (and a 14-month low) as manufacturers continue to face challenges related to tariffs and other economic uncertainty.
  
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• Vistra, Japan's New Gas-Fired Power Plant, Oil Exec Meeting: Your Daily Energy News

  06-01-2026 08:35
  We have handpicked and summarized a selection of energy-related news stories that we think will interest clients of Industrial Info and IIR Energy.
  
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• Brazil's Buzios Field Reaches 1.15 Million BBL/d

  06-01-2026 08:30
  January 6, 2026--Written by Amir Richani for IIR News (Sugar Land, Texas)--Petrobras (Rio de Janeiro, Brazil) has announced the first oil from the P-78 platform, the seventh production platform at the Buzios oil field in the Santos Basin offshore Rio de Janeiro. With P-78, the field will reach an operational oil production capacity of 1.15 million barrels of oil per day (BBL/d).
  
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• Major Chilean Copper Mine Slows Production Amid Strike

  05-01-2026 22:30
  January 6, 2026--Written by Amir Richani for IIR News (Sugar Land, Texas)--Union #2, the labor union at Capstone Copper Corporation's Mantoverde Copper Mine in Chanaral, Chile, began a strike January 2, following failed negotiations between the company and the union.In a statement, Capstone, the owner of the asset, said that the mine will operate at up to 30% of its normal production during the strike.
  
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• Canada Critical of Venezuelan Developments

  05-01-2026 18:20
  January 5, 2026--Written by Daniel Graeber for IIR News (Sugar Land, Texas)--Similarly awash in the heavy crude oil favored by U.S. refiners, a Canadian government looking for energy opportunities outside North America was critical of U.S. military action in Venezuela.
  
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