Production & Industry news

• Europe Reaches 50% Renewable Power Milestone

  23-09-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--September 23, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Renewable energy supplied half of all electricity in the European Union (EU) for the first half of 2024.
  Within this article: Details record renewable power output in the EU in first six months of 2024, major growth areas, fall in gas imports from Russia, rise in LNG, growing green hydrogen support
  
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• Join Industrial Info for a Power Industry Webinar

  23-09-2024 08:55 via industrialinfo.com
  
  September 23, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is pleased to be presenting a complimentary webinar on the global Power Industry this Wednesday, September 25, at 10 a.m. CDT (11 a.m. EDT). The webinar will be repeated for audiences in Europe and the Asia-Pacific region. Join our industry experts as they discuss the current and future trends of this important sector.
  
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• Battery Energy Storage Systems Continue Torrid Growth

  23-09-2024 08:55 via industrialinfo.com
  
  September 23, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Battery energy storage systems (BESS) remain one of the hottest sectors in the U.S. Electric Power industry, according to the U.S. Energy Information Administration (EIA) (Washington, D.C.). Data tracked by Industrial Info suggest BESS project development could get even hotter.
  
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• Canada Starts Financing Alberta Fire Recovery

  23-09-2024 08:45 via industrialinfo.com
  
  September 23, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--As fires burn across the Canadian Rockies, Alberta's provincial government is offering financial support to some of those impacted by the blazes.The 2024 wildfire season got off to an early start, with parts of the municipality of Wood Buffalo, located near oil-rich Fort McMurray in northeast Alberta, placed under evacuation orders in March.Other companies featured: Cenovus Energy Incorporated (NYSE:
  
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• Wartsila Works to Lower Emissions on FSRU

  23-09-2024 08:40 via industrialinfo.com
  
  September 23, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Following similar trends in the shipping industry, Finnish maritime services company Wartsila (Helsinki) will work to retrofit a floating regasification terminal with technology that will lower its emissions, Excelerate Energy (The Woodlands, Texas) said Friday.Excelerate said it reached a deal with a gas division at Wartsila to retrofit a floating storage regasification unit (FSRU) to re-liquefy som
  
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• Australia and Germany Seal $445 Million Green Hydrogen Pact

  23-09-2024 08:30 via industrialinfo.com
  
  GALWAY, IRELAND--September 20, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Australia and Germany have inked a 400 million-euro (US$445 million) green hydrogen deal that will guarantee European buyers for the former's renewable hydrogen producers.Within this article: Details green hydrogen pact between Australia and Germany, shared investment, benefits, projects, policies
  
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• Copper Crunch Hits Smelting Industry with Supply Shortages

  23-09-2024 07:05 via industrialinfo.com
  
  NEW DELHI--September 23, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Copper smelting is a crucial process in the global supply chain, as it transforms raw copper ore into usable metal, and is essential for industries like electronics, construction and energy. As the world continues to advance toward a net-zero emissions future, copper remains an indispensable metal for worldwide electrification, especially in green technologies such as solar panels, wind turbines and elect
  
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• Vistra to Gain Full Ownership of Power-Generation Assets

  20-09-2024 08:50 via industrialinfo.com
  
  September 20, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Vistra Corporation (NYSE:VST) (Irving, Texas) said it reached agreements with minority owners to purchase full ownership of Vistra Vision LLC, Vistra's subsidiary that owns nuclear, energy storage and solar assets as well as its retail business. Industrial Info is tracking $6.3 billion worth of active and planned projects from Vistra, more than 60% of which is attributed to either natural gas or solar generation.
  
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• Chevron Works Toward Cleaner LNG for Shippers

  20-09-2024 08:50 via industrialinfo.com
  
  September 20, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Chevron Corporation (NYSE:CVX) (San Ramon, California) and marine and energy technology firm Wartsila Corporation (Helsinki, Finland) are working to lower emissions from the shipping sector by converting ship engines to burn gas more efficiently.Wartsila and the shipping division of Chevron agreed to convert one engine each on six different liquefied natural gas (LNG) carriers from dual-fuel to spark
  
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• BLM Completes Environmental Assessment for Nevada Lithium-Boron Mine

  20-09-2024 08:45 via industrialinfo.com
  
  September 20, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Bureau of Land Management (BLM) has completed the environmental impact statement (EIS) for a lithium-boron mine planned for rural Nevada.The Rhyolite Ridge mine in Esmerelda County, Nevada, has been in the planning stage for a number of years, but with the BLM's completion of this significant milestone, development moves one step closer to seeing the light of day. The project is being developed by Australia
  
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• ConocoPhillips Gas Supply Deal, Saudi Crude Oil Exports: Your Daily Energy News

  20-09-2024 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:ConocoPhillips (NYSE:COP)
  
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• Chesapeake Cautious on 'Supply Picture'

  20-09-2024 08:35 via industrialinfo.com
  
  September 20, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The head of shale company Chesapeake Energy (NASDAQ:CHK) (Oklahoma City, Oklahoma) said he was concerned about a looming market glut, a comment that followed a revision lower to a forecast for U.S. natural gas prices.
  
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• Gevo Expands Presence in Dakotas' Alternative Fuels Industry

  19-09-2024 08:55 via industrialinfo.com
  
  September 19, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Gevo Incorporated (NASDAQ:GEVO) (Englewood, Colorado), which specializes in the development of net-zero hydrocarbon fuels, broadened its market footprint earlier this week with a $210 million purchase of Red Trail Energy's (Richardton, North Dakota) ethanol-production and carbon capture and sequestration (CCS) assets.The move also boosts Gevo's presence in North and South Dakota, where Industrial Info is tracking mo
  
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• Refinery Maintenance Impacts Gasoline Prices in PADD 2

  19-09-2024 08:50 via industrialinfo.com
  
  September 19, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--U.S. inflationary pressures are easing, crude oil prices are well below the $100 level and gasoline is relatively cheap, though refiners aren't making it easier for everyday consumers.
  
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• McDermott Gets Tacit Nod for Liquid Hydrogen Carrier

  19-09-2024 08:50 via industrialinfo.com
  
  September 19, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With shippers carrying the bulk of globally traded goods, the maritime industry continues to do its part in the energy transition by starting to build up a hydrogen supply chain, engineering firm McDermott (Houston, Texas) said.McDermott subsidiary CB&I (Houston) reached an "approval in principle" agreement on the design of a cargo containment system and a liquid hydrogen carrier from shipping ce
  
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• Federal Clean Energy Support Starts Flowing to Electric Cooperatives

  19-09-2024 08:50 via industrialinfo.com
  
  September 19, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--As the November elections draw near, presidential and vice-presidential candidate visits to battleground states such as Wisconsin are a near-daily occurrence. The candidates typically come for cheering crowds, and sometimes they leave with checks from fundraisers. President Joe Biden, however, who is not running for re-election, recently visited Wisconsin to drop off a check--a nearly $573 million grant a
  
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• U.S. Sees $1.75 Billion in Spending for Candy & Confectionary Projects

  19-09-2024 08:45 via industrialinfo.com
  
  September 19, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The sweet tooth of U.S. residents remains strong. According to the National Confectionary Association (Washington, D.C.), U.S. confectionary sales hit $48 billion in 2023, setting a new record, although this was somewhat buoyed by inflation. According to the organization, more than 98% of American consumers purchased chocolate, candy, gum and/or mints in 2023. To this end, confectionary makers are expanding their fa
  
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• U.S. Crude Oil Stocks, China Power Use: Your Daily Energy News

  19-09-2024 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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• Nuclear Regulatory Commission Okays Life Extension for Turkey Point Power Plant Units

  19-09-2024 08:31 via industrialinfo.com
  
  September 19, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Nuclear Regulatory Commission (NRC) has approved the license renewal of Florida Power & Light Company's (FPL) (Juno Beach, Florida) Turkey Point Nuclear Power Plant Units 3 and 4, effectively extending the lives of the units through 2052 and 2053, respectively, the company said Wednesday.
  
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• CenterPoint Energy Seeks to Rebuild Electric Grid, Ties with Stakeholders

  18-09-2024 08:55 via industrialinfo.com
  
  September 18, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--CenterPoint Energy Incorporated (NYSE:CNP) (Houston, Texas) is in the early stages of a two-pronged strategic rebuilding program. One part of that effort involves physically rebuilding its electric transmission & distribution (T&D) infrastructure in and around Houston, which was devastated by Hurricane Beryl in early July. That Cat 1 storm plunged an estimated 2.3 million of CenterPoint's Houston-
  
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• CDPQ Adds AES Ohio to Growing U.S. Power Project Portfolio

  18-09-2024 08:55 via industrialinfo.com
  
  September 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Caisse de dépôt et placement du Québec (CDPQ) (Québec City, Québec) picked up a 30% indirect equity interest in AES Ohio, following a US$546 million deal with AES Corporation (NYSE:AES) (Arlington, Virginia), with closing expected in the first half of 2025. AES Ohio joins a long list of U.S. and Canadian projects backed by CDPQ, concentrated in the power-generation and public in
  
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• Intel Moves to Further Boost Semiconductor Production Despite Capex Reduction

  18-09-2024 08:50 via industrialinfo.com
  
  September 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Although Intel Corporation (NASDAQ:INTC) (Santa Clara, California) has said it plans to reduce capital expenditures (capex) in 2024 and 2025, the company recently announced developments aimed at boosting semiconductor production for customers as it continues to build out its U.S. footprint. This includes receiving up to $3 billion in funding under the CHIPS and Science Act of 2022.Other companies featured: Amazon's
  
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• Farm Equipment Manufacturing Brings $350 Million in Active U.S. Spending

  18-09-2024 08:45 via industrialinfo.com
  
  September 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Agriculture is a bedrock of the U.S. economy, not only responsible for feeding for the nation, but also contributing to U.S. exports and used for non-food applications such providing feedstock for alternative fuels. To this end, farm equipment is an important component of the U.S. manufacturing sector, and manufacturers are expanding existing facilities in order to bring more or updated equipment to the marketplace.
  
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• Equinor Readies for Johan Castberg Production

  18-09-2024 08:45 via industrialinfo.com
  
  September 18, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--An oil and gas discovery in the North Sea was confirmed by Norwegian energy company Equinor (NYSE:EQNR) (Stavanger), which said new production was imminent for the Johan Castberg Field in the Barents Sea.The Norwegian Offshore Directorate, a national energy regulator, confirmed Tuesday that Equinor discovered oil and gas at two wildcat wells in the Gudrun Field in the North Sea. A wildcat well is one
  
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• Alberta Is Ripe for Investments, Premier Tells New York

  18-09-2024 08:40 via industrialinfo.com
  
  September 18, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With vast oil riches and an emerging profile in the energy transition, Alberta's top leader is in New York City carrying a message that her province is ripe for investments.Alberta Premier Danielle Smith, a member of the United Conservative Party in Canada, was in New York on Tuesday touting investment opportunities in her province during a regional fall energy conference.
  
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• Major Irish Data Center Clears Final Hurdle

  18-09-2024 08:02 via industrialinfo.com
  
  GALWAY, IRELAND--September 18, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The way is clear for construction to start on a major 3.5 billion euro (US$3.86 billion) data center project in County Wicklow with developer Echelon Data Centres (Dublin, Ireland) receiving a grid connection agreement from state-owned transmission operator, EirGrid.
  Within this article: Details key permit for major data center in Wicklow, Ireland, capacity, investment, relat
  
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• Medco's West Belut Field in Offshore Indonesia Delivers its First Gas

  18-09-2024 07:25 via industrialinfo.com
  
  NEW DELHI--September 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Medco E&P Natuna (Jakarta, Indonesia) recently commenced operations at its West Belut Field in South Natuna Sea Block B, offshore Indonesia. Its first gas flowed September 11.
  
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• EDF Completes Inspection for Bugey Nuclear Reactor in France

  18-09-2024 07:02 via industrialinfo.com
  
  NEW DELHI--September 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--French utility Électricité de France SA (EDF) (Paris) has successfully completed the fourth 10-year statutory inspection of Production Unit No. 3 at the Bugey Nuclear Power Plant in eastern France near the Swiss border. The reactor was reconnected to the national grid on September 9, after being offline since November 11, 2023
  
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• Explosion and Fire Shut Down Energy Transfer's NGL Pipeline in LaPorte, Texas

  17-09-2024 16:09 via industrialinfo.com
  
  September 17, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--An explosion and subsequent fire at a valve station on Energy Transfer LP's (NYSE:ET) (Dallas, Texas) 100 Line Justice NGL (natural gas liquids) Pipeline on Spencer Road in LaPorte caused the line to be shut down around 9:30 a.m. on Monday, September 16.
  
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• Explosion and Fire Shut Down Energy Transfer's NGL Pipeline in La Porte, Texas

  17-09-2024 16:09 via industrialinfo.com
  
  September 17, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--An explosion and subsequent fire at a valve station on Energy Transfer LP's (NYSE:ET) (Dallas, Texas) 100 Line Justice NGL (natural gas liquids) Pipeline on Spencer Road in La Porte caused the line to be shut down around 9:30 a.m. on Monday, September 16.
  
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