Production & Industry news

• Jacobs Reports Record-High Backlog as Tech Projects Pile Up

  15-05-2025 08:55
  
  May 15, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering, procurement and construction (EPC) titan Jacobs Solutions Incorporated (NYSE:J) (Dallas, Texas) saw its project backlog grow 20% to more than $22 billion, a new record for the company, in its fiscal second quarter as the company found more work in the power, infrastructure and technology markets.Industrial Info is tracking more than $120 billion worth of active and proposed projects across the U.S. featuring
  
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• Rescue Plan for Australia's Largest Aluminum Smelter

  19-12-2025 11:07
  December 19, 2025--Written by Martin Lynch for Industrial Info Resources (Galway, Ireland, Texas)--The Australian government has agreed a plan to save the country's largest aluminum smelter from closure. Rio Tinto (London, England), the majority shareholder in the Tomago Aluminum Company smelter in Hunter Valley, New South Wales (NSW), had warned in October that the future of the operation was in doubt due to energy costs.
  
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• Dallas Fed: Doubt, Uncertainty Continue to Slow Oil & Gas Activity

  19-12-2025 08:55
  December 19, 2025--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)-- The fourth-quarter Dallas Fed Energy Survey released this week shows a continued negative vibe among oil and gas executives, but slightly improved from the previous quarter. The broadest indicator, the business activity index, came in at -6.2, little changed from the third quarter. And the company outlook index improved slightly from -17.6 in the third quarter to -15.2.
  
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• Canadian Energy Sector Mood Up, U.S. Down

  19-12-2025 08:55
  December 19, 2025--With U.S. survey data pointing to growing pessimism in the oil and gas sector, various analyses suggest the Canadian energy sector may be able to withstand a lower-for-longer price cycle.
  
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• U.S. Manufacturers Boost Capex Expectations, but Tariffs Remain a Business Challenge

  19-12-2025 08:50
  December 19, 2025--Written by Danny Levin, Deputy Editor for Industrial Info Resources (Sugar Land, Texas)--U.S. manufacturers' capital-spending expectations are up from last quarter, according to a quarterly survey by the National Association of Manufacturers (NAM), but respondents continue to indicate tariffs are impacting their operations.
  
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• North American LNG Race in High Gear

  19-12-2025 08:45
  December 19, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Developments across North America help highlight the growing importance of the potential to support energy security with liquefied natural gas (LNG), though both Canada and the United States are in something of a competition.
  
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• France's Flamanville 3 Nuclear Reactor Achieves 100% Power After Years of Delays

  19-12-2025 07:29
  NEW DELHI--December 19, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--France's long-delayed Flamanville 3 nuclear reactor has reached full power for the first time, marking a major milestone for the country's nuclear program. State-owned utility Électricité de France S.A. (EDF) (Paris) confirmed that on December 14, the European Pressurized Reactor (EPR) achieved 100% power output, generating 1,669 megawatts (MW), shortly after receiving regulatory approval fro
  
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• As U.S. House Passes Coal-Fired Legislation, DOE Orders Another Retiring Coal Plant to Stay Open

  18-12-2025 08:56
  On Tuesday, the U.S. House of Representatives passed the Power Plant Reliability Act, which grants FERC broad authority to order coal-fired plants to stay open.Also on Tuesday, the Department of Energy ordered a coal-fired plant in Washington, slated for retirement within weeks, to continue operating.
  
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• Canadian Natural Resources Outlines Plan to Grow Oil & Gas Production, Drilling

  18-12-2025 08:55
  December 18, 2025--Written by Will Ploch, Assistant Editor-in-Chief for Industrial Info Resources (Sugar Land, Texas)--Executives at Canadian Natural Resources Limited (CNRL) (Calgary, Alberta) outlined the company's 2026 capital-spending (capex) budget earlier this week, highlighting an estimated 3% increase in overall production from 2025. They offered details on short-term production growth and engineering-stage development on some of the company's long-term projects in Canada's oil sands reg
  
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• Phillips 66 Boosts 2026 Capex to $2.4 Billion, Focusing on NGLs, Refining

  18-12-2025 08:50
  December 18, 2025--Written by Danny Levin, Deputy Editor for Industrial Info Resources (Sugar Land, Texas)--Philips 66 has approved a $2.4 billion capital budget for 2026, which is slightly above this year's forecast, with growth spending geared toward the company's midstream natural gas liquids network and high-return refining projects.
  
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• Mining Industry: Pursue ESG Goals, Drop the Acronym

  18-12-2025 08:45
  December 17, 2025--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The term ESG (environment, social and governance) has become highly politicized and weaponized in some areas, but in others it is seen as vital for the Metals & Minerals Industry, according to a new survey from Mining IQ, published by Aspermont Limited.
  
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• Warmup Gives U.S. Gas Pressures a Break

  18-12-2025 08:40
  After strains from severe winter weather, the U.S. natural gas sector has been subdued since the weekend cold snap, with both feed gas to the liquefied natural gas (LNG) export terminals and production on the decline, IIR Energy data show.A cold front descended from Canada last week to bring frigid cold to much of the continental United States. High temperatures in the Chicago metropolitan area struggled to break out of the single digits during the weekend and the Midcontinent Independent System
  
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• Line 5 Pipeline, Canada Emissions Targets, Russia Sanction Waiver: Your Daily Energy News

  18-12-2025 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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• Petrobras to Acquire a 49.9% Stake in Lightsource BP's Brazil Subsidiary

  18-12-2025 08:30
  December 18, 2025--Petrobras (Rio de Janeiro, Brazil) has agreed to acquire a 49.9% stake in Lightsource BP's Brazil subsidiary to create an onshore renewable joint venture. The partnership is still pending regulatory approval, but it would open the door for Petrobras to acquire a renewable operational power plant and a pipeline of advanced projects between 1 gigawatt (GW) and 1.5 GW, according to the companies.
  
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• José Antonio Kast gana las elecciones en Chile. Qué significa esto para la industria minera?

  18-12-2025 07:52
  18 de Diciembre, 2025--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--José Antonio Kast, candidato de derecha en Chile, ganó las elecciones presidenciales con el 58,1% de los votos el 14 de diciembre. El político, que lideró una campaña centrada en frenar la migración, reducir el gasto público y fortalecer la seguridad en el país, también busca acelerar el desarrollo minero.
  
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• CMOC adquiere las operaciones de Equinox Gold en Brasil por US$1.015 millones

  18-12-2025 07:12
  18 de Diciembre, 2025--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--El Grupo CMOC acordó la compra de las operaciones auríferas brasileñas de Equinox Gold por US$1.015 millones, con un pago inicial de US$900 millones y un pago en efectivo vinculado a la producción por US$115 millones un año después del cierre de la transacción.
  
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• As Global Refining Slows, Producers Look to Petrochemicals

  17-12-2025 08:55
  December 17, 2025--Written by Will Ploch, Assistant Editor-in-Chief for Industrial Info Resources (Sugar Land, Texas)--The global Petroleum Refining Industry has seen a steady decline in capacity additions and fuel demand in the past few years. But Hillary Stevenson, Vice President for Energy Intelligence for Industrial Info, told attendees at a recent industry-oriented presentation that demand remains strong in many areas, particularly the Eastern Hemisphere.Industrial Info is tracking more tha
  
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• Maryland Invites Bids for Offshore Wind Project, but Will Anyone Bite?

  17-12-2025 08:50
  Last week, Maryland invited bids for a new offshore wind project after a judge ruled that the White House's moratorium on offshore wind permitting was unlawful. However, a government review of a previously permitted project in Maryland's waters demonstrates the administration's strong stance against the technology and suggests that any company placing a bid on a new project may be in store for serious challenges from the feds.
  
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• Canada's LNG Gets Further Support

  17-12-2025 08:45
  December 17, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Natural gas producer Ovintiv Incorporated (Calgary, Alberta) said it signed a 12-year supply agreement with a developer of the planned Cedar LNG export facility in British Columbia, part of a Canadian effort to diversify its trade.Ovintiv signed an agreement to deliver a half-million tons of gas in the liquid form per year toPembina Pipeline, which will deliver it through the proposed Cedar LNG facili
  
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• U.S. Gulf Buoyed After Recent Lease Sale

  17-12-2025 08:30
  December 17, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Deepwater-focused Seadrill Limited (London, England) said Tuesday it awarded two months-long contracts for its drilling rigs off the U.S. Gulf Coast, the only source of oil production growth to next year.Seadrill said it awarded LLOG Exploration (Scott, Louisiana) a contract to use the West Neptune rig for drilling off the U.S. Gulf Coast. The ultra-deepwater drillship can operate in waters as deep as
  
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• Pemex On Track for Oil Production Target Amid Increasing Investment

  17-12-2025 08:30
  December 17, 2025--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Pemex seeks to stabilize oil production at 1.8 million BBL/d over the next decade. The Mexican company's investments have increased thanks to the Ministry of Finance's financing plan.
  
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• Cochilco: Chile's High Costs Could Discourage Greenfield Copper Investments

  17-12-2025 08:15
  Chile is the world's largest producer of copper and contains vast reserves of the demanded mineral. However, a recent study by Cochilco, the government mining authority, suggests that the costs of Chile's open-pit copper mining with concentrators are the highest in the Americas, driven by electricity and labor costs and lower grades.
  
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• Europe 'Turning Off the Tap on Russian Gas'

  17-12-2025 08:11
  December 17, 2025--Written by Martin Lynch for Industrial Info Resources (Galway, Ireland, Texas)--Europe has taken its most decisive step yet to achieving energy independence from Russia by agreeing to permanently stop the import of Russian gas by 2027 and a phase-out of Russian oil. A provisional political agreement reached by the European Parliament and the Council sets a concrete timeline for the end of Russian gas and oil dominance in Europe's energy mix for many decades.
  
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• U.S. Mulls Offshore Mineral Lease Sale

  16-12-2025 08:55
  December 16, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Keen on protectionist policies meant to insulate the U.S. economy from foreign suppliers, the federal government started the early-stage processes for a proposed lease sale for critical minerals off the coast of Virginia.
  
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• U.S. Extends Operating License for TVA's Alabama Nuclear Plant

  16-12-2025 08:45
  The Tennessee Valley Authority (TVA) (Knoxville, Tennessee) has announced that the U.S. Nuclear Regulatory Commission (NRC) has given second license extensions for all three reactors at the utility's Browns Ferry nuclear power plant in Alabama. Following power uprates performed in 2018 and 2019, the combined units generate around 3.8 gigawatts (GW), making the plant TVA's largest generating asset.
  
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• U.S. Clean Power Growth Sets Record in Q3, but Long-Term Outlook Darkens

  16-12-2025 08:45
  December 16, 2025--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--U.S. wind, solar and battery capacities grew at a record pace in the third quarter of 2025, according to the American Clean Power Association (ACP). The three energy sources added a total of 11.7 gigawatts (GW) of new utility-scale capacity, 14% more than in third-quarter 2024.
  
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• Cold Snap Chills U.S. Gas Sector

  16-12-2025 08:42
  Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A blast of cold winter weather socked much of the continental United States, leading to a surge in demand for natural gas that was met by higher imports from Canada, IIR Energy data show.A cold front started sweeping across the northern Plains last week, pushing regional temperatures to some 30 degrees Fahrenheit below normal. Wind chills as low as 7 degrees were expected on Monday as far south as Louisville, Kentucky.
  
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• Phillips 66 Capex, Faster Pipeline Permitting: Your Daily Energy News

  16-12-2025 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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• CMOC Acquires Equinox Gold Operations in Brazil

  16-12-2025 08:30
  CMOC Group (Luoyang, China) has agreed to buy Equinox Gold's (Vancouver, British Columbia) Brazilian gold operations for US$1.01 billion, with an upfront payment of US$900 million and a production-linked cash payment of US$115 million one year after the closing of the transaction.
  
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• Thyssenkrupp Close to Steel Business Sale

  16-12-2025 08:11
  December 16, 2025--Written by Martin Lynch for Industrial Info Resources (Galway, Ireland, Texas)--Thyssenkrupp AG (Essen, Germany) has agreed a deal with German unions that opens the way for the sale of one of Europe's largest steel companies, Thyssenkrupp Steel (Essen, Germany), to India's Jindal Steel Limited (New Delhi, India). The exact details of the deal hammered out with key German workers' union, IG Metall, have not been disclosed but it opens the way for restructuring and job cuts to b
  
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