Production & Industry news

• U.S. Crude Oil Supplies, Renewed Venezuela Sanctions: Your Daily Energy News

  18-04-2024 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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• Vogtle Unit 4 Begins Commercial Operations

  30-04-2024 08:50 via industrialinfo.com
  April 30, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Alvin W. Vogtle Nuclear Power Station Unit 4 has entered commercial operations, marking the end of the first new nuclear power construction project in the U.S. in more than three decades.
  
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• U.S. Oil Drilling Slumps, but Production Near All-Time Highs

  30-04-2024 08:45 via industrialinfo.com
  April 30, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Though production trends continue to hold up, U.S. drillers cut back on oil-related activity by the steepest level since November, data show.Upstream services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) recorded 613 active drilling rigs in the U.S. during the seven-day period ending April 26. That's a 1% decline from last week and a near-20% drop from the same time last year.
  
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• Natural Gas Squeezing Coal off U.S. Grid

  30-04-2024 08:45 via industrialinfo.com
  April 30, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Natural gas on the U.S. grid has increased steadily across all hours of the day since 2021 as coal fades from the electricity sector, the government said."Off-peak natural gas-fired generation rose about 22% between 2021 and 2023, according to our data, displacing coal-fired units as an overnight source of electricity," the U.S. Energy Information Administration (EIA) stated.
  
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• Kansas Sees $6.5 Billion in Projects Under Construction

  30-04-2024 08:45 via industrialinfo.com
  April 30, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--While the name "Kansas" may invoke images of vast plains of wheat fields, the state is belying this reputation with a significant amount of large industrial projects underway. Industrial Info is tracking more than $6.5 billion worth of projects under construction in Kansas. The state's position in agriculture leads its spending in the Food & Beverage Industry to be high, although the Industrial Manufacturing Industr
  
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• Brazil's Perenco Acquires Petrobras' Stakes in Two Offshore Fields

  30-04-2024 08:30 via industrialinfo.com
  April 30, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Brazilian energy company Petrobras (NYSE:PBR) (Rio de Janeiro) said it is transferring its shares in the Cherne and Bagre oil fields in the shallow waters of the Campos Basin, offshore Rio de Janeiro, to Perenco (London, England). Petrobras will receive US$10 million, with US$1 million already received with the signing of the agreement.
  
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• Russian Metals Trading Banned by U.K. and U.S.

  30-04-2024 08:06 via industrialinfo.com
  GALWAY, IRELAND--April 30, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The world's largest and oldest forum for trading metals, London Metals Exchange (LME) (London), has banned trading in Russian metal produced on or after April 13 to comply with new U.K. and U.S. sanctions imposed for Russia's invasion of Ukraine.Within this article: Details imposition of bans by U.K. and U.S. on trading in Russia metals due to its invasion of Ukraine two years ag
  
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• India to Develop World Largest Renewable Energy Park by 2030

  30-04-2024 07:40 via industrialinfo.com
  NEW DELHI--April 30, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Adani Green Energy Limited (Ahmedabad, India) plans to invest about US$20 billion by 2030 to develop the world's largest renewable energy plant in Khavda, Gujarat.
  
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• Belgium Greenlights its Largest BESS

  30-04-2024 07:04 via industrialinfo.com
  NEW DELHI--April 30, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Dutch energy storage developer Giga Storage BV (Amstelveen, Netherlands) has received approval from Belgium for the construction of a 600-megawatt/2,400-megawatt-hour battery energy storage system (BESS) park in Dilsen-Stokkem, Limburg province, on the site of a former zinc factory.Industrial Info is tracking 281 capital-spending renewable energy projects worth US$8.48 billion in Belgium.
  
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• Investments Ramp Up for Graphite Mining Outside China

  30-04-2024 07:02 via industrialinfo.com
  NEW DELHI--April 30, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--For decades, graphite has been an indispensable element in a wide range of industries, with its applications spanning from steel production to electronics. However, in recent years, graphite has become vital in the clean energy transition, earning recognition as a critical material by the U.S. Department of Energy in 2023, further amplifying its significance in addressing climate change goals.Industrial Info
  
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• U.S. Solar Manufacturers Sound Alarm on 'Unfair' Trade Practices

  29-04-2024 08:55 via industrialinfo.com
  April 29, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The politics surrounding the market for solar components is heating up again, after two major trade groups representing numerous solar players filed of a set of antidumping and countervailing duty petitions with the U.S. International Trade Commission (USITC) and the U.S. Department of Commerce. The parties are asking the government to investigate potentially illegal trade practices by Cambodia, Malaysia, Thailand and V
  
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• U.S. Plans 12 Potential Offshore Wind Energy Leases

  29-04-2024 08:50 via industrialinfo.com
  Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Continuing momentum from the last few months, the U.S. federal government unveiled a new five-year lease plan that outlines 12 potential areas for offshore wind energy. The U.S. energy sector is behind many of its peers when it comes to offshore wind, though programs under President Joe Biden have shown promise.So far, the government has approved eight commercial-scale offshore wind projects, which would combine for a p
  
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• LyondellBasell Looks to Develop Low-Carbon Business

  29-04-2024 08:50 via industrialinfo.com
  April 29, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--LyondellBasell Industries NV (NYSE:LYB) (LYB) (Rotterdam, Netherlands) is focused on developing its Circular & Low Carbon Solutions (CLCS) business, company executives said last week, as it aims to exit the refining business by the end of first-quarter 2025.
  
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• U.S. Supplement Production Brings Millions in Spending

  29-04-2024 08:45 via industrialinfo.com
  April 29, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--According to one market research firm, revenue from the vitamin and supplement market in the U.S. was $40.9 billion last year and the market size of the sector grew an average of 1.3% per year between 2018 and 2023. With such large numbers in mind, supplement manufacturers in the U.S. are ramping up project activity, bringing hundreds of millions of dollars' worth of activity to the U.S. through grassroot, expansion and
  
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• North America Takes Second in Revenue for Baker Hughes

  29-04-2024 08:40 via industrialinfo.com
  April 29, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Upstream services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) recorded $6.4 billion in revenue during the first quarter, though North American operations took second fiddle to work in the Middle East and Asia.Earnings season for major energy companies is in full swing, with rival SLB (NYSE:SLB) (Houston), formerly Schlumberger, among those kicking things off with first quarter revenue of $8.7
  
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• Europe's Largest Zinc Mine Reopening This Summer

  29-04-2024 08:11 via industrialinfo.com
  GALWAY, IRELAND--April 29, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Europe's largest zinc mine in Ireland could be up and running again from June following an agreement between unions and management over a plan for the future.
  Within this article: Details reopening plans for Europe's largest zinc mine in Tara, Ireland, impact of closure, outstanding issues, capacity,planned projects
  
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• Africa Poised to Become Critical Minerals Powerhouse

  26-04-2024 12:01 via industrialinfo.com
  GALWAY, IRELAND--April 25, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--As global demand for critical minerals surges, sub-Saharan Africa has the potential to reap up to US$2 trillion dollars in the coming decades.
  Within this article: Details sub-Saharan Africa's critical minerals potential, value, capacity, current state, processing opportunities and roadblocks
  
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• 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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• Valero Upbeat on Refining Margins, Mexico's Export Potential

  26-04-2024 08:55 via industrialinfo.com
  April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Thanks to a tight crude-oil supply at the start of 2024, Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) was able to mitigate the effects of heavier-than-average planned maintenance during the first quarter of 2024. Strong refining margins--which resulted partly from global shocks, such as weaker Russian refining capacity due to Ukrainian drone attacks--are allowing refining majors like Valero to keep their nu
  
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• TotalEnergies, Vanguard Form RNG Joint Venture

  26-04-2024 08:50 via industrialinfo.com
  April 26, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--French supermajor TotalEnergies SE (NYSE:TTE) (Courbevoie, France) said it reached a joint venture agreement to produce more than 2 billion cubic feet of renewable natural gas per year from U.S. farm operations.TotalEnergies announced Wednesday that it signed an agreement with renewable natural gas (RNG) company Vanguard Renewables (Weston, Massachusetts) to develop, build and operate 10 new projects tha
  
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• NextEra Further Develops Renewable-Generation Portfolio

  26-04-2024 08:50 via industrialinfo.com
  April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida), which is composed of its Florida Power & Light (FPL) electric utility and its NextEra Energy Resources (NEER) merchant clean energy business, recently updated its progress toward developing renewable generation and discussed its planned capital expenditures (capex).
  
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• Miner BHP Makes Bid for Rival Anglo American in Mining Shakeup

  26-04-2024 08:45 via industrialinfo.com
  April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Australian mining giant BHP Group (NYSE:BHP) (Melbourne) has made an unsolicited bid of US$38.8 billion for U.K.-based miner Anglo American plc (London) in a move that could shake up the mining world. Anglo American says it is considering the bid, which, if successful, would create the world's biggest copper miner. If it goes through, the deal would result in the merger of more than US$45 billion worth of active project
  
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• Boeing Wary of Cost Future for SAF

  26-04-2024 08:40 via industrialinfo.com
  April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Sustainable aviation fuel (SAF) is unlikely to reach cost parity with conventional jet fuel any time soon, the head of sustainability at troubled airplane manufacturer The Boeing Company (NYSE:BA) (Arlington, Virginia) said.
  
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• GE Vernova, Equinor: Your Daily Energy News

  26-04-2024 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:GE Vernova (NYSE:GEV), Equinor (NYSE:EQNR)
  
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• MidOcean Energy Acquires 20% Interest in Peru LNG Project

  26-04-2024 08:30 via industrialinfo.com
  April 26, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--MidOcean Energy announced this week that it has acquired SK Earthon's 20% interest in Peru LNG, the first liquefied natural gas export facility in South America. Hunt Oil currently operates the export terminal, which is located in Pampa Melchorita on the Peruvian Pacific coast.
  
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• India's Paper Imports Soar

  26-04-2024 07:57 via industrialinfo.com
  NEW DELHI--April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Indian Paper Manufacturers Association reported that from the start of the second quarter through the fourth quarter of 2023 India's paper and paperboard imports increased 37%, an approximate figure of 1.47 million metrictons.
  
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• Aramco to Acquire Major Stake in China's Petrochemical Giant Hengli

  26-04-2024 07:50 via industrialinfo.com
  BEIJING--April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Saudi Aramco (Dhahran, Saudi Arabia) recently signed a memorandum of understanding (MOU) to acquire a 10% share stake in Chinese petrochemical major Hengli Petrochemical from its parent Hengli Group (Suzhou, China).
  
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• Rough Road Ahead for Diamond Mining

  26-04-2024 07:03 via industrialinfo.com
  NEW DELHI--April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--For centuries, diamonds have remained one of the most exquisite gems, finding applications in jewelry, biomedical research, audio equipment and industrial applications such as cutting and polishing. Diamonds are generally extracted and mined via four processes: open-pit mining, underground mining, marine diamond mining and alluvial mining.Industrial Info tracking 76 active capital-spending projects, worth mor
  
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• Data Centers, Oil & Gas Industry to Drive Surge in Texas Electricity Demand

  25-04-2024 08:55 via industrialinfo.com
  April 25, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Texas electric grid operator is expecting "tremendous electric demand growth" over the next five to seven years, driven mainly by data centers, oil and gas operations, other new businesses and new residents, Pablo Vegas, president and chief executive of the Electric Reliability Council of Texas (ERCOT) (Austin, Texas), told the agency's board of directors this week. The surge in future demand could be abo
  
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• Signs of Life at Freeport LNG Export Terminal

  25-04-2024 08:50 via industrialinfo.com
  April 25, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A vessel partially laden with liquefied natural gas (LNG) left the Freeport LNG export terminal in Texas on Tuesday, the first such shipment in nearly two weeks, vessel tracking data show.
  
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