Production & Industry news

• California Sees More than $78 Billion in Projects Under Construction

  14-11-2024 08:45 via industrialinfo.com
  
  November 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With the fifth-largest economy in the world, California isn't lacking in industry or projects in development. Industrial Info is tracking more than $78 billion worth of projects under construction in the state. While the transportation sector leads the spending, the projects cover a wide range of sizes and sectors.
  The transportation sector accounts for more than two-thirds of California's overall project spending, b
  
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• RWE's U.S. Solar, Wind Projects Mark Progress, Find Buyers

  14-11-2024 08:55 via industrialinfo.com
  
  November 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Multinational energy company RWE AG (Essen, Germany) notched up progress on some of its biggest U.S.-based renewable-energy projects in the third quarter, although the company acknowledged the election of Donald Trump could present a challenge to offshore wind projects going forward.Industrial Info is tracking more than $29 billion worth of active and proposed projects from RWE across the U.S., about 80% of which is
  
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• Softer Market, Lower Commodity Prices Drag Down Earnings for Big Oil

  14-11-2024 08:45 via industrialinfo.com
  
  November 12, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Investors did not care for the third-quarter earnings reported by four international integrated supermajor oil firms, Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas), Chevron Corporation (NYSE:CVX) (San Ramon, California), BP (NYSE:BP) (London, England) and Shell plc (NYSE:SHEL) (London, England).
  
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• Coterra Energy, Siemens Gamesa: Your Daily Energy News

  14-11-2024 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:Coterra Energy Incorporated (NYSE:CTRA)
  
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• New Belgium-U.K. Subsea Power Link Gets Green Light

  14-11-2024 07:40 via industrialinfo.com
  
  NEW DELHI--November 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--U.K. energy regulator Ofgem has approved the Nautilus interconnector, an undersea high-voltage power cable that will link Belgium and the U.K. The 1.4-gigawatt (GW) would be more powerful than the existing NemoLink, which has a capacity of 1 GW.
  
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• China Leads in Man-Made Cellulosic Fiber Project Investments

  14-11-2024 07:04 via industrialinfo.com
  
  NEW DELHI--November 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Recognized as one of the most polluting sectors due to excessive water use, pollutant discharge and greenhouse gas emissions, the clothing industry is focused on adopting sustainable alternatives and accelerating regeneration. Aligned with these efforts, substantial investments are being directed toward man-made cellulosic fibers (MMCFs)--which represented 6% of the global fiber market in 2023, according t
  
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• Oil & Gas Group Seeks Broad Changes in Energy, Environment Policy

  13-11-2024 08:55 via industrialinfo.com
  
  November 13, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The race is on, across all industries, to shape the policies and personnel of the incoming Trump administration and Congress. One week after the election, the American Petroleum Institute (API) (Washington, D.C.) issued an energy policy roadmap for 2025, a year when Republicans will hold a majority of seats in the Senate. The leadership of the House remains in question, as over a dozen races have not yet b
  
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• IIR Tracks $120 Billion in Likely North America Metals & Minerals Projects for 2025

  13-11-2024 08:55 via industrialinfo.com
  
  November 13, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Because it includes battery and conductivity items like lithium and cobalt, as well as stalwart investments like gold and copper, the Metals & Minerals Industry is increasingly affected by energy transition trends across the world, including the U.S. and Canada. Ironically, in spite of worldwide growth in transition interest and investment--or maybe because of that--metals and minerals prices are a
  
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• Duke Eyes Data-Center Opportunities, Looks to SMR's Potential

  13-11-2024 08:54 via industrialinfo.com
  
  November 13, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) wrestled with a series of destructive weather events in the third quarter, including Hurricane Helene's catastrophic sweep across the company's home state, but it remains optimistic about plans to grow its customer base and adopt newer power-generation technologies.Industrial Info is tracking more than $16 billion worth of active and proposed projects fro
  
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• Piedmont Lithium Sees Production Surge

  13-11-2024 08:45 via industrialinfo.com
  
  November 13, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Piedmont Lithium (NASDAQ:PLL) (Bessemer City, North Carolina) said its shipments of spodumene concentrate, a mineral source of lithium, set a record during the third quarter, but it acknowledged market prices could present lingering challenges.Piedmont started producing spodumene, a lithium-rich mineral, at the North American Lithium (NAL) facility in Quebec in March 2023, supported by some $65 millio
  
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• Parts of Venezuelan State Evacuated After Gas Explosion

  13-11-2024 08:40 via industrialinfo.com
  
  November 13, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Evacuation orders were issued and at least five people may be dead following an explosion at a natural gas complex in the eastern Venezuelan state of Monagas.Petróleos de Venezuela (PDVSA) (Caracas, Venezuela) on Monday confirmed a fire at the operational center for the Soto Gas Pipeline in the eastern state, considered something of a hub for the nation's energy sector given its proximity to th
  
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• OPEC Oil Demand Growth Forecast, Cheniere Energy: Your Daily Energy News

  13-11-2024 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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• Var Energi Confirms $690 Million North Sea Oil Project

  13-11-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--November 13, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Norway's Var Energi (Stavanger) and partner Kistos Energy (London) have made a final investment decision to develop the US$690 million Balder Phase V oil and gas project in the North Sea.
  Within this article: Details final investment decision on Balder Phase V oil and gas project in the North Sea, partners, investment, yields, timeline, related projects
  
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• Global Metal Recycling Industry Poised For Growth

  13-11-2024 07:03 via industrialinfo.com
  
  NEW DELHI--November 13, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Increasing environmental consciousness and adoption of green practices have made recycling an indispensable part of today's world. As nations strive to foster a circular economy, industries like metal recycling have been gaining momentum and garnering significant investments worldwide.Industrial Info is tracking about 1,700 operational metal recycling plants globally--most of which are in the U.S. (747), C
  
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• Trafigura Deal Opens LNG Doors, Canada's NuVista Says

  12-11-2024 08:55 via industrialinfo.com
  
  November 12, 2024-- Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Montney-shale focused NuVista Energy Limited (Calgary, Alberta) said a natural gas supply agreement with commodity trader Trafigura gives it its first exposure to the international market for liquefied natural gas (LNG).Trafigura signed a 13-year agreement with NuVista to secure the supply equivalent of 21 billion British thermal units per day taken largely from the Montney shale formation in Alberta
  
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• Rafael Leaves 26% of Gulf of Mexico's Oil Offline

  12-11-2024 08:45 via industrialinfo.com
  
  November 12, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--By Sunday, Rafael had weakened to a post-tropical cyclone spinning about 275 miles southwest of New Orleans. By Monday, the National Hurricane Center showed that no cyclonic activity in the Atlantic was expected over the next 48 hours.On Monday, the NHC showed a low-pressure system off the Yucatan Peninsula that had a 40% chance of evolving to a tropical depression by the weekend. The Atlantic hurrica
  
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• As COP29 Gets Underway, IEA Sounds Alarm for Energy Transition

  12-11-2024 08:45 via industrialinfo.com
  
  November 12, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Over the next two weeks, as many as 40,000 people engaged in climate change work are expected to travel to Baku, Azerbaijan, to participate in the annual U.N. climate change summit, which began November 11. Several grim global warming realities will greet those national energy and climate officials, environmental advocates, non-governmental organizations, representatives of industry, consulting firms, acad
  
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• Report: Oil and Gas, Solar and Wind Dominate Brazil's Energy Expansion by 2034

  12-11-2024 08:40 via industrialinfo.com
  
  November 12, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Brazilian authorities have unveiled a new report forecasting Brazil's electricity expansion and hydrocarbon output for the next decade.
  
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• Europe's Demand for Data Centers to Triple

  12-11-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--November 12, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Europe's demand for data centers will more than triple by 2030 as will its demand for new power generation to support its explosive growth.
  Within this article: Details spike in data center growth in Europe out to 2030, required new power sources, strain on existing grids, investment, drivers and obstacles
  
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• India Unveils US$109.5 Billion Investment to Expand Power Transmission

  12-11-2024 07:04 via industrialinfo.com
  
  NEW DELHI--November 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas--India is set to make a substantial investment of US$109.5 billion to expand and modernize its power transmission infrastructure under the National Electricity Plan (NEP) 2023-2032. This ambitious plan aims to increase the transmission network from 485,000 circuit kilometers (ckm) in 2024 to 648,000 ckm by 2032, with the transformation capacity projected to nearly double from 1,251 gigavolt amps (GVA) to 2,3
  
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• IIR's November 11 Market Scorecard Brings You Breaking Geopolitical News

  11-11-2024 19:05 via industrialinfo.com
  
  November 11, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Stay current with the latest geopolitical events, and more importantly, instantly connect to how these events may impact you and your business strategies.
  
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• TC Energy Reaps Rewards from Heavy U.S. Natural Gas Deliveries

  11-11-2024 08:55 via industrialinfo.com
  
  November 11, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--TC Energy Corporation (NYSE:TRP) (Calgary, Alberta) enjoyed strong third-quarter profits as it transported more natural gas through its U.S.-based pipelines amid sharply rising demand. In a quarterly earnings-related presentation, the company cited higher liquefied natural gas (LNG) exports from the U.S., ongoing coal-fired power plant retirements, and growing energy needs for data centers as leading factors.Industri
  
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• NextDecade Soldiers on With Rio Grande LNG Plant

  11-11-2024 08:50 via industrialinfo.com
  
  November 11, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The first phase of NextDecade LNG LLC's (NASDAQ:NEXT) (Houston, Texas) Rio Grande export facility for liquefied natural gas (LNG) in Texas is on schedule and on budget, the developer said amid concerns over a market glut.NextDecade is building its Rio Grande facility near the Brownsville shipping channel on the Texas Gulf Coast. The facility is permitted for as much as 1.3 billion cubic feet (Bcf) of
  
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• Alberta Boasts of Methane Reduction Levels

  11-11-2024 08:48 via industrialinfo.com
  
  November 11, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With help from provincial investments, the government of oil-rich Alberta said it's been able to cut methane emissions from its energy sector by more than 50% over the last 10 years.
  
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• Maryland Sees More than $8.2 Billion in Projects Under Construction

  11-11-2024 08:45 via industrialinfo.com
  
  November 11, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--By no means the largest state by size or population, Maryland nevertheless has racked up several substantial industrial projects, and Industrial Info is tracking more than $8.2 billion worth of projects presently under construction in the state. The Industrial Manufacturing Industry leads Maryland in terms of spending, thanks in large part to a commuter rail project and a large data center being constructed.
  
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• VW May Shut Three German Car Plants as Fortunes Tumble

  11-11-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--November 8, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--German car-making giant Volkswagen AG (VW) (Wolfsburg, Germany) has unveiled major cost-cutting measures that might include the closure of up to three German manufacturing plants, reducing investment in planned projects, wage reductions and job cuts.
  Within this article: Details major restructuring plans at VW, reasons, impact, potential plant closures, job losses, reduced proj
  
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• India Sets New Record for Renewable Energy Installations

  11-11-2024 07:40 via industrialinfo.com
  
  NEW DELHI--November 9, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--India added 20 gigawatts (GW) of solar and wind capacity from January to September 2024, a 105.8% increase in solar power installations and a 14.8% rise in wind capacity when compared with the same period in 2023. This expansion is a milestone in India's commitment to scaling its renewable infrastructure to global energy transition goals.
  
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• Air Products Readies for Hydrogen Buildout Amid High Demand

  08-11-2024 08:55 via industrialinfo.com
  
  November 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Air Products and Chemicals Incorporated (NYSE:APD) (Lehigh Valley, Pennsylvania) benefited from strong demand from Europe and China's manufacturing sectors in its fiscal fourth quarter, as well as growing hydrogen demand in North America. While the company was cautious in its 2025 outlook, it is optimistic the demand for clean hydrogen will continue.Industrial Info is tracking more than $13.5 billion worth of active a
  
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• Rafael Shifts, But Still Poses Threat to Gulf Energy

  08-11-2024 08:53 via industrialinfo.com
  
  November 8, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--As Hurricane Rafael entered the Gulf of Mexico on Thursday after making landfall in Cuba, the U.S. government's offshore response team said more than 10% of the regional oil production was offline because of the storm.Rafael made landfall in Cuba on Wednesday as a Category 3 hurricane. The storm's path changed after landfall, moving westward instead of north toward the U.S. Gulf Coast.
  
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• EIA Forecast: 2024 U.S. Hydropower Generation to Reach Lowest Level Since 2001

  08-11-2024 08:50 via industrialinfo.com
  
  November 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Energy Information Administration (EIA) in its latest Short-Term Energy Outlook (STEO) forecast that hydropower generation in the U.S., which is buoyed by capacity in the Pacific Northwest, specifically Washington, could reach its lowest level since 2001.But even with the projected drop in hydropower generation, Industrial Info is tracking about $2 billion worth of related projects under construction in the U
  
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