Production & Industry news

• Petrobras Reactiva Construcción de Planta de Fertilizantes al Sur de Brasil

  01-05-2024 07:01 via industrialinfo.com
  CORDOBA, ARGENTINA--May 1, 2024--Investigado por Industrial Info Resources (Sugar Land, Texas)--Autoridades de la petrolera estatal de Brasil, Petrobras (NYSE:PBR), han anunciado que se reactiva la construcción de la planta de fertilizantes en Três Lagoas, Mato Grosso do Sul, también conocido como UFN3 que fue paralizada en 2014 cuando estaba a un 80% de construcción. La paralización de este emprendimiento se dio en el marco de investigaciones legales por malver
  
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• AECOM's Backlog Rides Power, Transportation Projects to Highs

  22-05-2024 08:55 via industrialinfo.com
  
  May 22, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering and design-build firm AECOM (NYSE:ACM) (Los Angeles, California) saw its backlog hit a record high in the recently ended second quarter of its 2024 fiscal year, with wins in its energy, environmental and transportation end markets pointing to continued demand growth in the near term.Industrial Info is tracking more than $27 billion worth of active and planned projects across the U.S. and Canada that involve AE
  
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• Phillips 66 Builds Permian Footprint in $550 Million Deal

  22-05-2024 08:50 via industrialinfo.com
  
  May 22, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Phillips 66 (NYSE:PSX) (Houston, Texas)said it would offer $550 million in cash to take a stronger position in the natural gas available in the Permian Basin through the acquisition of Pinnacle Midland Parent LLC (Houston).
  Pinnacle counts the Dos Picos natural gas processing and gathering system in its portfolio. The system, located in West Texas, includes 80 miles of pipeline and a processing facility with a design capa
  
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• Origis Energy Aims to Boost Mississippi's Renewable Generation

  22-05-2024 08:50 via industrialinfo.com
  
  May 22, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. renewable developer Origis Energy (Miami, Florida) has secured a financing agreement to support its solar and storage project activity, much of which is in Mississippi. While Origis' projects represent a significant portion of Mississippi's future renewable generation, the state contains other renewable-generation projects, resulting in total potential spending of more than $4.5 billion.
  
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• Putin Claims Russia's Energy Sector is Stable

  22-05-2024 08:45 via industrialinfo.com
  
  May 22, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Despite stranded cargos and ever-tightening sanctions, Russia's president said the nation's energy sector appeared to be in a state of stability.Once a main supplier of natural gas to the European economies, for example, Russia has seen its market share taken up by the likes of the U.S. and Norway. Addressing the needs at home, however, Russian President Vladimir Putin said the nation's economy is growing
  
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• DOE Report: Hydrogen Projects Receive $300 Million in 48C Tax Credit from IRS

  22-05-2024 08:45 via industrialinfo.com
  
  May 22, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Seven green hydrogen-related projects are among 35 that were recently announced as receiving grant money from the U.S. Department of Energy. The 35 will receive a total of $1.93 billion, with the green hydrogen numbers among them getting about $300 million of that.
  
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• Arevon, CenterPoint Break Ground on One of Indiana's Many Renewable Energy Projects

  22-05-2024 08:45 via industrialinfo.com
  
  May 22, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Renewable energy developer Arevon (Scottsdale, Arizona) and utility CenterPoint Energy (NYSE:CNP) (Houston, Texas) this week conducted a groundbreaking ceremony for one of the many of the renewable energy projects in development in Indiana, where Industrial Info is tracking more than $18 billion worth of active solar and wind power projects.As with many states, the majority of Indiana's renewable energy projects come from
  
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• First Export Cargo from Trans Mountain Expansion, TotalEnergies: Your Daily Energy News

  22-05-2024 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:TotalEnergies SE (NYSE:TTE)
  
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• Petronas, ExxonMobil Make Third Oil Discovery in Suriname's Block 52

  22-05-2024 08:25 via industrialinfo.com
  
  May 22, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Petronas (Kuala Lumpur, Malaysia) and Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) have announced a new oil finding at the offshore well Fusaea-1, as Suriname follows Guyana's footsteps.
  
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• Rolls Royce Hits Brakes on U.K. SMR Plans

  22-05-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--May 22, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Car and aerospace major Rolls-Royce (London, England) has scaled back plans to build a small modular reactor (SMR) manufacturing plant in the U.K.
  Within this article: Details scaled back plans by Rolls Royce in the U.K. for an SMR manufacturing plant.
  
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• Merck Invests in South Korean Facility

  22-05-2024 07:35 via industrialinfo.com
  
  KOFU, JAPAN--May 22, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Merck (Darmstadt, Germany) will invest 430 billion won (US$319 million) in Daejeon, South Korea, to create a base for targeting the Asia-Pacific region.
  
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• South Korea's S-Oil Plans $190 Million in Refining Projects

  22-05-2024 07:10 via industrialinfo.com
  
  May 22, 2024--KOFU, JAPAN--Researched by Industrial Info Resources (Sugar Land, Texas)--One of South Korea's largest petroleum refiners, S-Oil Corporation (Seoul), plans to spend US$190 million on 33 projects. These include plant upgrades, maintenance and revamps, among others.
  
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• United Arab Emirates Takes Slice of U.S. LNG Pie

  21-05-2024 08:55 via industrialinfo.com
  
  May 21, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The United Arab Emirates will become a minority partner in a proposed export facility for liquefied natural gas (LNG) in Texas after securing a deal with developer NextDecade (NASDAQ:NEXT) (Houston, Texas).
  
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• AES Readies to Meet Heavy 2024 Demand with Wind, Solar Buildouts

  21-05-2024 08:55 via industrialinfo.com
  
  May 21, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. power demand is expected to increase significantly over the next decade, fueled by the growing markets for electric vehicles (EVs) and data centers, and AES Corporation (NYSE:AES) (Arlington, Virginia) believes it can meet a significant share of the challenge through wind, solar and battery energy-storage system (BESS) projects that will cater to high-demand areas, or even individual facilities.Industrial Info is tra
  
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• Rains Dampen Canadian Wildfire Risk

  21-05-2024 08:45 via industrialinfo.com
  
  May 21, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Recent rains have lowered the threat from wildfires in oil-rich Alberta, with provincial officials lifting many of the emergency alerts. IIR has seen little impact on the energy sector.Wildfires raging in British Columbia and in neighboring Alberta triggered air quality alerts in two U.S. states last week, prompting concerns about seasonal activity at the start of the regional fire season.
  
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• Montana Sees Nearly $1 Billion in Projects Under Construction

  21-05-2024 08:45 via industrialinfo.com
  
  May 21, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--While Montana may be better known for its big sky than its industrial activity, the state is nevertheless home to some high-dollar project spending, coming in at nearly $1 billion.While a power generation project tops the list of biggest industrial projects underway in the state, several remediation and cleanup projects at former smelters and mines make the Metals & Minerals Industry the state's highest spender.Compan
  
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• Europe's Green Hydrogen Targets 'Impossible'

  21-05-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--May 21, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The European Union's (EU's) target for green hydrogen production has been labeled "impossible" by the chief executive officer of French energy major, TotalEnergies SE (NYSE:TTE) (Courbevoie, France).
  Within this article: Details warnings that EU's green hydrogen targets are impossible to hit, reasons, claims, additional sources
  
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• Data Centers Fuel Africa's Digital Leap: Region Witnesses an Investment Surge

  21-05-2024 07:58 via industrialinfo.com
  
  NEW DELHI--May 21, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Evolving beyond their role of data repositories, data centers have transformed into intricate ecosystems enabling data processing and analysis. The current increase in demand for data centers can be attributed to numerous factors, including an expanding digital economy, enhanced broadband connectivity and skyrocketing demand for cloud-based services. Industrial Info is tracking more than 360 active capital spen
  
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• China's Growing e-Commerce Drives Investment in Logistics Parks

  21-05-2024 07:50 via industrialinfo.com
  
  BEIJING--May 21, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With an annual growth rate of 21%, China leads the global e-commerce market, prompting the development of logistics-related infrastructure and efficient delivery networks across the country. Consequently, China's logistics parks market is witnessing heavy investments to handle the storage, processing and distribution of goods on a large scale.
  
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• Ibiden Graphite Korea Company Invests in Plant Expansion

  21-05-2024 07:03 via industrialinfo.com
  
  May 21, 2024--KOFU, JAPAN--Researched by Industrial Info Resources (Sugar Land, Texas)--Ibiden Graphite Korea Company plans to invest in expanding the production capacity at its Pohang factory in South Korea. This expansion is driven by the growing demand for advanced semiconductors, spurred by innovations in smart manufacturing and generative artificial intelligence. One of their main products, isotropic synthetic graphite, is a crucial material used in crucibles and heaters during the silicon
  
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• BLM Land Use Decision Could Mean Beginning of the End of Coal Mining in Powder River Basin

  20-05-2024 08:55 via industrialinfo.com
  
  SUGAR LAND, TEXAS--May 20, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Republican elected officials and a representative of the coal industry blasted the Biden administration's draft final land use plans that would prohibit new federal leases for coal mining in the Powder River Basin (PRB), which stretches across Montana and Wyoming.Even one Democrat signaled an openness to cross swords with the administration: U.S. Senator Jon Tester (D-Montana), locked in a ti
  
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• Illinois Utility Boasts of Improved Reliability

  20-05-2024 08:50 via industrialinfo.com
  
  May 20, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Amid recent concerns about tests to the nation's electric grid, Illinois utility company Commonwealth Edison (ComEd) (Chicago, Illinois) said its customers saw improved grid reliability relative to a year ago.ComEd, part of Exelon Corporation (NYSE:EXC) (Chicago), services about 70% of the state's population, with some 4 million customers across the northern parts of Illinois alone. Over the first four mon
  
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• U.S. Gypsum-Related Projects Top $1 Billion

  20-05-2024 08:45 via industrialinfo.com
  
  May 20, 2024--Researched by Industrial Info Resources--Gypsum is used for a variety of industrial applications, including agriculture, cement production and the food industry, but perhaps its most important use is in the construction sector in the form of gypsum wallboard, also known as drywall, which form the walls and ceilings of countless commercial and residential structures throughout the world. The U.S. has large deposits of gypsum scattered throughout its borders and consistently ranks am
  
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• How the Price Cap Coalition Controlled Russian Oil Export Prices--But Not as Much as Hoped

  20-05-2024 08:45 via industrialinfo.com
  
  May 20, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--When Russia invaded Ukraine in February 2022, many of the world's other nations felt the need for pushback to take the form of economic sanctions as opposed to risking a world war with a military intervention. Among the sanctions instituted in December of that year was an embargo on Russian oil exports.
  
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• U.S. Rig Count, Dangote Refinery: Your Daily Energy News

  20-05-2024 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:TotalEnergies SE (NYSE:TTE)
  
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• From Click to Doorstep: U.S. Sees Investment Surge in Fulfillment Centers

  20-05-2024 08:30 via industrialinfo.com
  
  NEW DELHI--May 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With the global e-commerce market reaching US$5.8 trillion in 2023 and anticipated to touch US$6.3 trillion this year, the industry is booming. Experiencing a surge during the pandemic, the e-commerce sector mainly requires seamless and effective order management to prosper in a fast-paced world that prioritizes convenience.
  
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• Russia's Gazprom Posts First Annual Loss in 24 Years

  20-05-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--May 20, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Profits at Russia's state-owned gas giant Gazprom (St. Petersburg, Russia) tumbled into the red for the first time in more than 20 years as European sanctions against Russia begin to bite.
  Within this article: Details first annual profits loss for Gazprom in decades, reasons, alternative sources of income, tracked projects
  
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• Secondary Aluminum: A Remedy for the Enduring Energy Crisis

  20-05-2024 07:12 via industrialinfo.com
  
  NEW DELHI--May 20, 2024--Aluminum is a versatile metal prized for its lightweight and pliable properties and is used to produce numerous everyday items like cans, foils and window frames. However, the primary-aluminum manufacturing process demands substantial energy input, predominantly from natural gas and electricity.
  
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• Houston Remains in Recovery Mode After Storm

  17-05-2024 21:00 via industrialinfo.com
  
  May 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Researched by Industrial Info Resources (Sugar Land, Texas)--Houston officials warned Friday the cleanup following the storm that hit the city last week would be slow and some residents could be without electricity for days, if not longer.Winds up to 100 miles an hour ripped through the Greater Houston area and surrounding communities Thursday night, leaving at least four dead and hundreds of thousands without power.
  
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• IEA: Price of Most Critical Minerals Fell in 2023, but Concerns Arise

  17-05-2024 08:55 via industrialinfo.com
  
  Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Global production of minerals critical to the energy transition, including copper, lithium, nickel, cobalt, graphite and rare earth elements, has risen faster than demand, leading to lower prices for most of those minerals, said a new report from the International Energy Agency (IEA) (Paris, France).But in the report, Global Critical Minerals Outlook 2024, released Friday, the agency raised questions about whether the Metals
  
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