Production & Industry news

• 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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• Texas Leads U.S. in Planned 3Q Power Project Starts

  14-06-2024 08:56 via industrialinfo.com
  
  June 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--As usual, the U.S. Power Industry remains one of the strongest sectors in regard to upcoming project development. Industrial Info is tracking more than $21.2 billion worth of onshore U.S. power projects that we have determined as having a medium or high probability (70-99%) of kicking off as planned in the third quarter of this year. Texas, with more than $3.8 billion worth of projects, leads the rest of the U.S. in both
  
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• U.S. Mines Set for Billions in Third-Quarter Capital Spending

  14-06-2024 08:55 via industrialinfo.com
  
  June 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Players in the U.S. mining sector are seeing stronger demand for minerals used in the development of infrastructure and energy projects, and are responding with new capacity.Industrial Info is tracking more than $3.2 billion worth of capital-spending projects at mines across the U.S. that are slated to kick off in the third quarter, more than $2.7 billion of which is believed by Industrial Info to have a medium-to-high l
  
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• Vessels Lined up For Trans Mountain Crude

  14-06-2024 08:45 via industrialinfo.com
  
  June 14, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--There are more than a dozen vessels parked off the coast of Vancouver waiting to take on oil from the expanded Trans Mountain Pipeline from Alberta, a company official recently revealed.Flows began in May through the expansion of the Trans Mountain Corporation's (TMC) (Calgary, Alberta) crude oil pipeline, which will help Canada break out of North American deadlock via exports from British Columbia.Other
  
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• Venture Global LNG, Iraq Oil Production: Your Daily Energy News

  14-06-2024 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.
  
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• Aramco Follows UAE Into Rio Grande LNG Project in Texas

  14-06-2024 08:35 via industrialinfo.com
  
  June 14, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Saudi Arabia sees liquefied natural gas (LNG) as an integral component of a cleaner and more secure energy future, an Aramco (Dhahran, Saudi Arabia) representative said after inking a supply deal for U.S. supplies.
  
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• Intel Presses "Pause" on $25 Billion Chip Plant in Israel

  14-06-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--June 14, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Chip giant Intel Corporation (NASDAQ:INTC) (Santa Clara, California) has paused development of a new $25 billion semiconductor plant in Israel according to reports from Israeli financial news outlet, Calcalist.
  Within this article: Details pause an major Israeli chip plant project by Intel, possible reasons, current operations
  
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• Jadestone Energy's Akatara Gas Development Project in Indonesia Nears Completion

  14-06-2024 07:45 via industrialinfo.com
  
  June 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Jadestone Energy Plc's Akatara Gas Processing Facility in Indonesia is swiftly advancing toward its final stages of completion. The independent upstream company reports that the project is undergoing the last commissioning phase, with mechanical elements nearly finalized and systems thoroughly tested.
  
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• Asia Dominates Global Polyethylene Market

  14-06-2024 07:30 via industrialinfo.com
  
  NEW DELHI--June 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--As one of the most versatile and widely used plastics among consumers, polyethylene holds a prominent position in the global plastics market. In recent years, Asia has established itself as a leading player in the polyethylene market, owing to its widespread applications and rising demand across several industries.
  
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• Business as Usual: With Modi's Coalition Settled, IIR Sees Market Stability

  14-06-2024 07:29 via industrialinfo.com
  
  June 14, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--The theme of recent elections seems to have been that the ruling party is still in power--but its foundations are weakened, and it will now have to rely on coalitions to govern. India, South Africa, and Germany lead that trend.
  
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• Tungsten Mining Attracts Investment in Australia & China

  14-06-2024 07:05 via industrialinfo.com
  
  NEW DELHI--June 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With remarkable properties such as a superior tensile strength, high density, favorable thermal conductivity and a high melting point, tungsten has remained a highly sought after metal globally. Driven by the expansion of major industries spanning from steel to renewables, the demand for tungsten is growing.Industrial Info is tracking 58 active capital projects worth about US$5 billion that are geared toward t
  
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• Americas to Tip Global Oil Balance to Surplus

  13-06-2024 08:55 via industrialinfo.com
  
  June 13, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With an expected increase in oil production from the Permian Basin, and with new supplies coming from the likes of Guyana, American supplies are expected to put the global balance in a surplus, various reports find.
  
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• New LNG Train to Support Shippers on U.S. West Coast

  13-06-2024 08:45 via industrialinfo.com
  
  June 13, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Clean Energy Fuels Corporation (NASDAQ:CLNE) (Newport Beach, California), a supplier of alternative fuels, said it was expanding operations to cater to regional shippers looking to clean up their act.
  
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• BLM Approves Lithium Exploration Project in Arizona

  13-06-2024 08:45 via industrialinfo.com
  
  June 13, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Arizona Lithium (West Perth, Australia) was greeted with positive news last week when the U.S. Bureau of Land Management (BLM) gave the green light to the company to begin exploratory drilling across its Big Sandy site in Arizona, where Arizona Lithium hopes to produce lithium carbonate. Lithium is one of the 50 minerals identified as critical by the U.S. Geological Survey and is used primarily in battery technologies fo
  
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• Bolivia, Russia Strengthen Lithium Agreements

  13-06-2024 08:40 via industrialinfo.com
  
  June 13, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Bolivian President Luis Arce traveled to Russia last week to attend the St. Petersburg International Economic Forum and strengthen economic ties with Moscow. During his visit, Arce met with Russian President Vladimir Putin and representatives from Russian lithium companies, all of whom agreed to develop a lithium-related supply chain.According to the United States Geological Survey (USGA), Bolivia holds the
  
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• Trans Mountain Expansion, U.S. Crude Oil Imports: Your Daily Energy News

  13-06-2024 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.
  
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• Chilean Officials Promote Investments in Lithium Sector

  13-06-2024 08:30 via industrialinfo.com
  
  June 13, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Chile's president and minister of mines are traveling abroad to promote investments in lithium as Chile seeks to develop its industry further.
  Chilean President Gabriel Boric traveled to Germany this week to meet with Chancellor Olaf Scholz and other officials to strengthen political and economic ties and further develop its lithium industry.
  
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• Bolivia y Rusia fortalecen acuerdos sobre litio

  13-06-2024 07:55 via industrialinfo.com
  
  13 de Junio, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--El presidente boliviano Luis Arce viajó a Rusia para asistir al Foro Económico Internacional de San Petersburgo para fortalecer los lazos económicos con Moscú. Durante su visita, el mandatario sudamericano se reunió con el presidente ruso, Vladimir Putin, y empresas de litio para acelerar el desarrollo de la industria.
  
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• DTE Energy Aligns BESS, Solar Projects to Michigan's Goals

  12-06-2024 08:55 via industrialinfo.com
  
  June 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--DTE Energy Company (NYSE:DTE) (Detroit, Michigan) is moving aggressively to more than double its companywide energy-storage capacity to 2.95 gigawatts (GW) by 2042, much of which will come from battery energy-storage system (BESS) units. DTE's goals line up with those of its home state of Michigan, which is aiming for 2.5 GW of energy storage by 2030.Industrial Info is tracking more than $2.2 billion worth of active and
  
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• Entergy, NextEra Agree to Develop New Solar, Storage Projects

  12-06-2024 08:50 via industrialinfo.com
  
  June 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Utility firm Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana) and NextEra Energy Resources, the merchant clean energy unit of NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida), last week entered a five-year agreement to develop up to 4.5 gigawatts (GW) of new solar and energy-storage projects.
  
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• BLM Selects Smaller, Alternative Plan for Massive Idaho Wind Project

  12-06-2024 08:45 via industrialinfo.com
  
  June 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--LS Power (New York, New York) subsidiary Magic Valley Energy (MVE) received mixed news last week when the U.S. Bureau of Land Management (BLM) issued its final environmental impact statement (EIS) for the Lava Ridge wind project in Idaho, giving it a green light, but selecting an alternative model to MVE's preferred plans, reducing the project's land area as well as the size and number of turbines.
  
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• Senegal's First Oil, Mexico's Shrinking Oil Reserves: Your Daily Energy News

  12-06-2024 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.
  
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• TotalEnergies Reserves Hull for Suriname FPSO

  12-06-2024 08:30 via industrialinfo.com
  
  June 12, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--TotalEnergies SE (NYSE:TTE) (Courbevoie, France) has announced that it had secured a hull for its floating, production, storage and offshore (FPSO) vessel at Block 58 offshore Suriname. The vessel is expected to have a production capacity of 200,000 barrels of oil per day (BBL/d) and it could kickstart Suriname's offshore energy future.
  
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• RWE to Build Werne Hydrogen-Gas Power Plant

  12-06-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--June 12, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Germany's RWE AG (Essen, Germany) has announced plans for a hydrogen-ready combined cycle gas turbine (CCGT) power plant in Werne as part of the company's shift away from coal-fired power.
  Within this article: Details proposal for 800-MW Werne hydrogen-ready gas power plant, partners, technology, timeline, government support
  
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• At the Next Light, Turn Right: EU Voters Push Back Against Energy Transition, Immigration

  12-06-2024 07:58 via industrialinfo.com
  
  June 12, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--In line with pre-election polling, European Union (EU) voters last weekend slashed their support for European Parliament (EP) parties espousing energy transition and environmental issues, largely due to concerns over the cost and inconvenience of switching away from fossil fuels. Stemming the tide of refugees flooding Europe from the Middle East and elsewhere was another foundational issue.
  
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• All Eyes on Zimbabwe Lithium Mining

  12-06-2024 07:55 via industrialinfo.com
  
  NEW DELHI--June 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The recent surge in hard-rock pegmatite lithium mining across Southern Africa, as outlined by consultancy firm AmaranthCX, underscores the region's burgeoning significance in this critical industry. Zimbabwe has emerged as a frontrunner, marked by notable projects like the Arcadia lithium venture. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click
  
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• Canada's Oil Sands Region Booms as Trans Mountain Expands

  11-06-2024 08:55 via industrialinfo.com
  
  June 11, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Oil and gas developers in Canada's oil sands region are rushing to take advantage of the Trans Mountain Pipeline's newly expanded capacity, which offers them access to better prices and newer markets from Canada's western coast. The long-anticipated infrastructure milestone is giving developers a reason to add bitumen production capacity to their portfolios, especially in northern Alberta.Industrial Info is tracking more
  
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• Noble Vies to Acquire Diamond Offshore Drilling

  11-06-2024 08:50 via industrialinfo.com
  
  June 11, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Adding its name to the growing list of those pursuing an aggressive merger and acquisition strategy, Noble Corporation plc (NYSE:NE) (Sugar Land, Texas) said Monday it entered into an agreement to buy upstream-focused Diamond Offshore Drilling Incorporated (NYSE:DO) (Houston, Texas) for about $1.6 billion.
  
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• Berkshire Hathaway, Occidental Form Lithium-Extraction Venture

  11-06-2024 08:45 via industrialinfo.com
  
  June 11, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, Berkshire Hathaway (NYSE:BRK.A) (Omaha, Nebraska) and Occidental Petroleum Corporation (NYSE:OXY) (Oxy) (Houston, Texas) announced that they would team up to determine whether lithium can be extracted from geothermal brine produced at Berkshire Hathaway's geothermal power plants in California's Imperial Valley in an environmentally friendly manner.
  
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• Vitol Says Diversity Is Key for Cleaner Fuels for Shippers

  11-06-2024 08:40 via industrialinfo.com
  
  June 11, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Dutch multinational energy company Vitol (Rotterdam) said Monday it was on pace to meet its emissions reduction target in shipping, but added that no single fuel will help meet its goal.Vitol said it was on pace to cut its carbon emissions by 40%, compared to 2008 levels, this year, pledging to respect the cleanup efforts embraced by the U.N.-backed International Maritime Organization (IMO).
  
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