Production & Industry news

• 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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• 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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• Halliburton Bruised Again by North American Operations

  08-11-2024 08:45 via industrialinfo.com
  
  November 8, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Upstream services firm Halliburton (NYSE:HAL) (Houston, Texas) saw slim profits that came largely from overseas operations as a cyberattack and storm activity in North America created headwinds for the company.
  
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• How Will Trump II Affect Energy for Rising Power Demand of U.S. Data Centers?

  08-11-2024 08:42 via industrialinfo.com
  
  November 8, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--As Donald Trump has now been declared winner of the 2024 presidential election race, the reactions of energy groups depend on their type of power. Fossil fuels are fired up, renewables are reluctant. But even renewable groups have some members that are at least relatively unconcerned.
  
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• Building Utilities Projects Add Up to Billions of Dollars of U.S. Construction

  08-11-2024 08:40 via industrialinfo.com
  
  November 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Projects to replace or add building utilities such as boilers, chillers, and heating, ventilation and air conditioning (HVAC) equipment often represent some of the most sizable investments made by a building owner. Industrial Info is tracking billions of dollars of projects in the U.S. that aim to install these systems at institutions as diverse as hospitals, universities, prisons and airports.
  
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• Argentina Allows Vaca Muerta's Gas Production to Flow North

  08-11-2024 08:30 via industrialinfo.com
  
  Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Argentina recently inaugurated a reversal of the Nestor Kirchner Gas Pipeline project's northern gas lines, to be called the Tio Pujio-La Carlota line. The project allows natural gas from the Vaca Muerta formation to be piped to Argentina's northern provinces--possibly to foreign markets.
  
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• Giant Côte d'Ivoire Gold Mine Ready to Go

  08-11-2024 08:06 via industrialinfo.com
  
  GALWAY, IRELAND--November 8, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Development of the leading gold mining prospect in the West African nation of Côte d'Ivoire has been secured with an US$825 million financing package from Canada's Montage Gold Corporation (Vancouver, Canada).
  Within this article: Details financing deal to begin mining at the Kone gold mine prospect in Côte d'Ivoire, West Africa, capacities, partners, related projec
  
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• OGE Shores Up Gas-Fired Units, Transmission After Strong Quarter

  07-11-2024 08:55 via industrialinfo.com
  
  November 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--OGE Energy Corporation (NYSE:OGE) (Oklahoma City, Oklahoma), the parent company of Oklahoma Gas and Electric Company, benefited from strong load growth and warmer-than-normal weather during the third quarter. The company, which serves much of Oklahoma and Arkansas, expects to benefit from positive regulatory outcomes and demand growth for the rest of the year.Industrial Info is tracking more than $720 million worth of
  
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• Red Wave Washes Over D.C., with Energy Policy in Focus

  07-11-2024 08:50 via industrialinfo.com
  
  November 7, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--A Red Wave engulfed Washington, D.C. on Election Day when voters picked Donald J. Trump as the 47th president of the U.S. and installed a GOP majority in the Senate. Control of the U.S. House of Representatives remained up for grabs on Wednesday, with the Republicans picking up three seats and about 50 races still undecided.The political chattering class is abuzz over exactly how many energy and environment
  
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• Oil Prices Wobbly After Trump Victory

  07-11-2024 08:50 via industrialinfo.com
  
  November 7, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A victory for Donald Trump in the U.S. presidential contest was met by a volatile session for crude oil prices amid fears that his economic policies could usher in a trade war.Trump and his fellow Republicans largely swept the board on Election Day in the United States, despite widespread polling indicating a tight contest against Vice President Kamala Harris. Voters presumably were more concerned abou
  
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• Lightsource bp Bags PPA for Texas Solar Farm

  07-11-2024 08:45 via industrialinfo.com
  
  November 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Renewable energy developer Lightsource bp (London, England) last week signed a power purchase agreement (PPA) with Swedish fashion firm H&M Group (Stockholm) for the output of a solar farm presently under construction in Brazoria County, Texas. The Second Division solar farm will join other Lightsource BP projects that are planned or under construction, including a few other solar farms underway in Texas.
  
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• Gulf Oil Production Curtailed Ahead of Hurricane Rafael

  07-11-2024 08:45 via industrialinfo.com
  
  November 7, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Energy companies by Wednesday had already curtailed production and secured offshore installations as Hurricane Rafael approached landfall in Cuba ahead of a move to the Gulf of Mexico.
  
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• Venture Global LNG, ExxonMobil, U.S. Crude Oil Stockpiles: Your Daily Energy News

  07-11-2024 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:Exxon Mobil Corporation (NYSE:XOM)
  
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• Codelco Applies for Environmental Permit for Water Treatment Project

  07-11-2024 08:30 via industrialinfo.com
  
  November 7, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Codelco (Santiago, Chile) announced the start of an environmental permit process that would allow the construction of a water treatment system for its Andina mine.
  Codelco, the Chilean state miner and the world's largest copper producer, submitted an environmental permit request for the construction of a water treatment project. The development would entail more efficient water use.
  
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• South Korea's Chemical Plants Invest US$24.73 Million to Upgrade Flare Stacks

  07-11-2024 07:04 via industrialinfo.com
  
  KOFU, JAPAN--November 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial info is tracking 16 active projects at chemical plants in South Korea, worth US$24.73 million, aimed at upgrading flare stacks. In accordance with Korea's Air Environment Act, investment is being made for volatile organic compounds (VOCs) emission management. Korea has a lot of interest in air environment management under a carbon-neutral policy.
  
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• IEA: LNG Terminal Buildout Veers Towards a Glut, Upending Energy Mix

  06-11-2024 08:56 via industrialinfo.com
  
  November 6, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The coming years look to be difficult for companies in the early stages of developing liquefied natural gas (LNG) terminals, as new worldwide export capacity is expected to swamp demand growth, putting downward pressure on prices and profitability, according to a recent report from the International Energy Agency (IEA) (Paris, France).
  IEA's "World Energy Outlook 2024" (WEO 2024), released October 16, devot
  
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• Westlake Upbeat on Demand Growth for Plastic Components

  06-11-2024 08:55 via industrialinfo.com
  
  November 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Higher feedstock costs and lower sales volumes took a bite out of Westlake Chemical's (NYSE:WLK) (Houston, Texas) bottom line in the third quarter, but the company remains optimistic about near-term demand, particularly for ingredients used in polyvinyl chloride (PVC) and other plastics-related products.Industrial Info is tracking nearly $1 billion worth of active and proposed projects from Westlake, more than 80% of
  
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• Tesla Reaches Production Milestone for Popular Megapack Lithium Energy Storage Batteries

  06-11-2024 08:50 via industrialinfo.com
  
  November 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--In a post on X, formerly Twitter, Tesla Incorporated (NASDAQ:TSLA) (Austin, Texas) said Monday it built the 10,000th Megapack energy-storage battery at its designated manufacturing plant in California, and Industrial Info is tracking billions of dollars' worth of active and planned BESS projects in the U.S. utilizing, or exploring utilizing, Tesla's Megapack batteries.
  
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• Canada Proposes New Cap on Oil and Gas Emissions

  06-11-2024 08:50 via industrialinfo.com
  
  November 6, 2024--Written by Daniel Graber for Industrial Info Resources (Sugar Land, Texas)--An advocacy group lobbying on behalf of the Canadian oil and gas industry said a recent draft proposal on emissions only adds to the "overly complex" set of regulations already in place.The government of Prime Minister Justin Trudeau released draft regulations that would obligate the oil and gas industry to cut emissions 35% from 2019 levels through gradual reductions through 2050.
  
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• Hilcorp Increasingly Alone in Alaska

  06-11-2024 08:45 via industrialinfo.com
  
  November 6, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Hilcorp Energy (Anchorage, Alaska) is getting lonelier in Alaska after Italian energy company Eni SpA (NYSE:E) (Rome, Italy) unloaded its entire stake in the Nikaitchuq and Oooguruk oil fields to the company for $1 billion.
  
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• Avantus Sells Arizona Solar-Plus-Storage Project to DESRI

  06-11-2024 08:40 via industrialinfo.com
  
  November 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, renewable energy developer Avantus (El Dorado Hills, California) announced that it had sold a large solar-plus-storage project in Arizona to D.E. Shaw Renewable Investments (DESRI) (New York, New York). The project is expected to be completed in the coming years and joins other projects throughout the U.S. from both companies.The Catclaw solar and energy storage project is located in Maricopa County, Arizon
  
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