Production & Industry news

• Heat Wave, Tropical Storm Threats Start Off the Week in Energy

  18-06-2024 08:55 via industrialinfo.com
  
  June 18, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--While a major heat wave settles across inland North America, mariners in the Gulf of Mexico need to be alert for gale-force winds and rough seas, forecasters said.The North American energy sector could be facing its first major test since winter 2023-24. More than 70% of the United States saw sub-freezing temperatures in January, causing a surge in natural gas demand and calls for energy conservation.
  
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• Despite Climate Concerns, Little Year-on-Year Change in Global Natural Gas Consumption, Production

  26-06-2024 08:55 via industrialinfo.com
  
  June 26, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Natural gas prices around the world fell sharply in 2023, but most regions did not experience much of a gain in usage, according to the recently released Statistical Review of World Energy 2024. Traditional economic thinking is that when the price of goods falls, demand for those goods rises. But the report, written by the Energy Institute (London, England), in collaboration with KPMG (Amstelveen, Netherlands)
  
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• Canada's Miners Prep for Up to US$3.7 Billion in Project Starts

  26-06-2024 08:55 via industrialinfo.com
  
  June 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Canada's mining sector, which is one of the largest in the world, is seeing some near-term development in its market for gold, gypsum, metallurgical coal and other hot commodities. In fact, some long-shuttered mines are seeing revived interest.Industrial Info is tracking about US$3.7 billion worth of mining-related projects across Canada that are slated to begin construction in the third quarter, most of which is attribu
  
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• U.S. Home to $3 Billion Worth of 3Q CCS Project Kickoffs

  26-06-2024 08:50 via industrialinfo.com
  
  June 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Companies across the U.S. aim to decarbonize their operations and one key clean-energy technology being implemented is carbon capture and storage (CCS). Industrial Info is tracking $3 billion worth of CCS-related projects across the U.S. that are expected to kick off from July through September.
  
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• U.S. Feds Greenlight Sunrise Offshore Windfarm

  26-06-2024 08:45 via industrialinfo.com
  
  June 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Another offshore windfarm has been given the green light in the northeastern U.S. This week, the U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) gave the final federal clearance for developers Orsted A/S (Fredericia, Denmark) and Eversource Energy (NYSE:ES) (Hartford, Connecticut) to construct their Sunrise Windfarm about 30 miles off the coast of Montauk Point, Long Island.
  
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• Norway Awards More Carbon Storage Licenses for North Sea

  26-06-2024 08:40 via industrialinfo.com
  
  June 26, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With four licenses awarded for offshore storage, the Norwegian government said Tuesday it was bent on establishing a profitable and sustainable new industry in the country.The Norwegian Ministry of Energy awarded two licenses to state-backed Equinor (NYSE:EQNR) (Stavanger, Norway) , one to a group consisting of the regional arm of Austrian energy company OMV (Vienna), Norway's Var Energi (Stavanger) and L
  
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• McDermott Backs Canadian Debut for Hydrogen and Ammonia

  26-06-2024 08:40 via industrialinfo.com
  
  June 26, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Services firm McDermott International Limited (Houston, Texas) has secured a preliminary agreement to build what it said would be the first commercial green hydrogen and ammonia production facility in Canada.
  
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• Ecuador's Oil Production Dropped 90,000 BBL/d After OCP Pipeline Shutdown

  26-06-2024 08:35 via industrialinfo.com
  
  June 26, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--One of Ecuador's main oil pipelines was shut on June 17, disrupting oil production in some parts of the country.
  
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• China's Coal Production, Negative NatGas Prices in Texas: Your Daily Energy News

  26-06-2024 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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• Delays Overshadow $643 Million Waste-to-Energy Project in Netherlands

  26-06-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--June 26, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--A final investment decision for a proposed 600 million-euro (US$643 million) waste-to-energy plant in Limburg, Netherlands, may be delayed following local council objections.
  Within this article: Details potential delays to 600 million euro ($643 million) waste-to-energy plant in Limburg, Netherlands, objections, project details, investment, EU backing
  
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• Make Sure to RSVP for Industrial Info's Semiconductor Webinar

  25-06-2024 08:56 via industrialinfo.com
  
  June 25, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Be sure to join Industrial Info tomorrow, June 26, at 10 a.m. CDT (11 a.m. EDT), for a complimentary webinar discussing the global semiconductor sector. The semiconductor industry has seen some of the largest changes of any industrial segment in recent times. The world, including North America, has been made very aware of the outsize role these components play in an increasingly digital landscape that encompasses everyth
  
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• U.S. Petrochemical Plants Prep for Maintenance as Demand Soars

  25-06-2024 08:55 via industrialinfo.com
  
  June 25, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--As demand for end-use products continues to climb, petrochemical producers across the U.S. are tuning up their production plants so they can more efficiently create the building blocks for everyday household items found in the kitchen, TV room, garage and always-cluttered workspace.Industrial Info is tracking more than $570 million worth of maintenance-related projects at petrochemical facilities across the U.S. that are
  
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• Oil & Gas Job Gains Slowing in Texas

  25-06-2024 08:45 via industrialinfo.com
  
  June 25, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The oil and gas sector was among the only major economic components in Texas to see job losses last month as low commodity prices dragged on the overall business segment, the Federal Reserve Bank of Dallas said.
  
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• Maritime Alerts Raised for Red Sea

  25-06-2024 08:45 via industrialinfo.com
  
  Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Maritime security officials are advising shippers to transit through the Red Sea lanes with caution, after another vessel was struck by drones allegedly fired by the Houthi rebel group in Yemen.Both the U.S. Central Command (CENTCOM), which is the U.S. military's division in the Middle East and North Africa, and the United Kingdom Maritime Trade Organization (UKMTO) issued alerts after weekend attacks off Yemen.Companie
  
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• Asia's LNG Imports, ExxonMobil & Suncor Face Lawsuit: Your Daily Energy News

  25-06-2024 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.Companies featured:a href="https://corporate.exxonmobil.com/" target="_blank">Exxon Mobil Corporation (NYSE:XOM), Suncor Energy Incorporated (NYSE:SU)
  
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• Codelco Seeks Private Partner to Develop Maricunga Salt Flats

  25-06-2024 08:30 via industrialinfo.com
  
  June 25, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)-- Chilean miner Codelco (Santiago) expects to expand its lithium operations by selecting a partner for its Maricunga project next year.
  Codelco's President Maximo Pacheco said last week during the Latin American Cities Conference, hosted by the Americas Society/Council of the Americas, that the company is seeking a partner to develop the Maricunga salt flats.
  
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• Pennsylvania Utility to Conduct Off-Grid Test Mixing 'Turquoise Hydrogen' into Natural Gas Feed

  25-06-2024 08:25 via industrialinfo.com
  
  June 25, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Proving the ability to separate the C (carbon) from the H4 (hydrogen) in natural gas without releasing the C into the atmosphere--and for just the cost of the gas and some electricity for a microwave--is the goal of a field trial in Pennsylvania.
  
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• Norway Boasts Largest Discovery of Rare Earth Minerals

  25-06-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--June 25, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Mining company Rare Earths Norway (REN) (Molde, Norway) has announced the discovery of Europe's largest deposit of rare earth elements (REE) in southern Norway.
  Within this article: Details massive rare earth elements find in southern Norway, estimated size, potential, impact, state of EU rare earths elements supply chain and efforts to reduce reliance on China and Russia
  
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• Codelco busca un socio privado para desarrollar el salar de Maricunga

  25-06-2024 07:33 via industrialinfo.com
  
  25 de Junio, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--El presidente de Codelco, Máximo Pacheco, dijo la semana pasada durante la Conferencia de Ciudades Latinoamericanas, organizada por la Americas Society/Council of the Americas, que la minera de cobre está buscando un socio para desarrollar el salar de Maricunga.
  
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• U.S. Metals Sector Eyes $2 Billion in Third-Quarter Kickoffs

  24-06-2024 08:55 via industrialinfo.com
  
  June 24, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With demand rising from the automotive, power-generation and heavy-manufacturing sectors, developers of metal-based products across the U.S. are expanding their existing plants and making room for new equipment.Industrial Info is tracking nearly $2 billion worth of capital-spending projects in the sector for metals rolling, processing, finishing and fabrication across the U.S. that are set to begin construction in the th
  
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• Might as Well Burn Money, World Bank Says on Gas Flaring

  24-06-2024 08:50 via industrialinfo.com
  
  June 24, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Urgent action is needed to eliminate routine flaring of natural gas by 2030, the World Bank said after global levels increased by 7% in 2023.The World Bank said in a report on global gas flaring, published Friday, that flaring volumes hit 148 billion cubic meters last year, an increase from the prior year and a return to levels not seen since 2019, before the COVID-19 pandemic hit North America.
  
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• Global Oil Use Exceeded 100 Million Barrels Per Day in 2023

  24-06-2024 08:50 via industrialinfo.com
  
  June 24, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Global oil demand averaged slightly over 100 million barrels per day (BBL/d) in 2023, the highest level ever, the Energy Institute (London, England) reported last week in its Statistical Review of World Energy 2024. But there were no celebrations of this milestone at the June 20 launch event for the report. Instead, speakers at the London press conference spent more time fretting about rising carbon dioxide (C
  
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• NextEra Breaks Ground on Texas Solar Farm for Chemical Company INEOS

  24-06-2024 08:45 via industrialinfo.com
  
  June 24, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With the help of NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida), last week chemical maker INEOS (London, England) took one step closer to its goal of achieving net-zero emissions by 2050, with the interim step of a 33% reduction by 2030 from 2019 figures. Last week, NextEra broke ground on a solar farm in Bosque County, Texas, all of the output of which will be designated to INEOS Olefins & Polymers USA
  
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• Roads Will Be Busier Than Ever for July 4, AAA Says

  24-06-2024 08:40 via industrialinfo.com
  
  June 24, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Road travel for the U.S. holiday marking the nation's independence is expected to be heavy, with traffic volumes some 5 million higher than pre-pandemic levels, travel club AAA said.The travel club said it expects 60.6 million people will take a road trip over the long July 4 holiday weekend, some 2.8 million more than last year and 5.3 million more than 2019, the year before the COVID-19 pandemic struck
  
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• U.S. Grants Targeting Oilfield Emissions, Nigerian Offshore Auction, EU Sanctions on Russian LNG: Your Daily Energy News

  24-06-2024 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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• Finance Minister: Companies Express Interest in Lithium Projects in Chile

  24-06-2024 08:30 via industrialinfo.com
  
  June 24, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--During a conference, Chilean Minister of Finance Mario Marcel said the country had received significant interest from international companies regarding 26 salt flats opened up for private investment in April.A total of 54 companies from 10 different countries made the 88 expressions of interest, according to Marcel.
  
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• Vattenfall Picks Mini Nuclear Designs for Ringhals Plant

  24-06-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--June 24, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Vattenfall (Stockholm) has advanced plans to build two small modular reactor (SMR) plants its existing Ringhals nuclear power plant in Sweden by shortlisting designs by the U.K.'s Rolls-Royce (London, England)and the U.S. firm GE-Hitachi Nuclear Energy International (Wilmington, North Carolina).
  Within this article: Details small modular reactor (SMR) project for Ringhals nuclear
  
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• Great Britain: With Elections Looming, Economy Trumps Energy

  24-06-2024 07:20 via industrialinfo.com
  
  June 24, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--James Carville's 1992 Clinton campaign directive, "The economy, stupid," could be pasted onto the 2024 British campaign trail. With elections looming on July 4, the disapproval rate of current Prime Minister Rishi Sunak hovers around 61%--actually about 8 points better than the 70% it hit in April. A persistently high inflation rate, which dropped to 2% according to the latest figures, fuels much of the ele
  
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• Africa's Green Hydrogen Market Eyes Growth in Investments

  24-06-2024 07:20 via industrialinfo.com
  
  NEW DELHI--June 24, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--As the world moves toward decarbonization, Africa, home to some of the world's largest untapped solar and wind resources (especially in Egypt and South Africa), is projected to become a leading producer of green hydrogen.
  
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• India to Boost Thermal Power Capacity

  24-06-2024 07:11 via industrialinfo.com
  
  NEW DELHI--June 24, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--India plans to significantly bolster its thermal power capacity by adding 80 gigawatts (GW) by 2032 in response to surging electricity demand, as highlighted in a recent Information and Credit Rating Agency of India Limited webinar. This strategic move comes amid expectations of a 6% rise in electricity demand in fiscal-year 2025, following an 11% increase in the first quarter, driven by robust economic activi
  
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