Production & Industry news

• North Africa Home to $84 Billion in Capital Petrochemical Projects

  13-09-2024 07:06 via industrialinfo.com
  
  NEW DELHI--September 13, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The petrochemical and agrochemical industry in North African countries is vastly spread. Industrial info is tracking 212 capital projects, worth US$84.23 billion, in North Africa's Chemical Processing Industry. Most of the investment is for green hydrogen projects (around US$27 billion) and green ammonia (US$16 billion). Egypt, as a prime manufacturing hub in Africa, leads all North African countries in t
  
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• AEP Inks Deal to Bolster T&D Developments in Ohio, Indiana

  15-01-2025 08:55 via industrialinfo.com
  
  January 15, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--With Ohio and Indiana "experiencing growth that has not been seen for decades," utility American Electric Power Company Incorporated (NASDAQ:AEP) (AEP) (Columbus, Ohio) recently agreed to sell a 19.9% equity interest in two of its transmission and distribution (T&D) subsidiaries, AEP Ohio and Indiana & Michigan Power, to investment firm KKR & Company Incorporated (NYSE:KKR) (New York, New York) and Canada'
  
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• Kinder Morgan Builds Up Bakken Footprint

  15-01-2025 08:45 via industrialinfo.com
  
  January 15, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Spending more than $600 million to acquire gas gathering and processing infrastructure in the Bakken shale, Kinder Morgan Incorporated (NYSE:KMI) (KMI) (Houston, Texas) said it can now reduce future spending to accommodate growth in North Dakota.
  
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• Canada Mulls Tit-for-Tat Response to Trump

  15-01-2025 08:45 via industrialinfo.com
  
  January 15, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Leaders from a divided Canadian government are considering a tit-for-tat response to U.S. tariff threats, as the premier of oil-rich Alberta said she's seen no sense of change from the incoming administration.Donald Trump takes the oath of office Monday for his second, non-consecutive term as U.S. president. After brokering a free-trade deal with top trading partners Canada and Mexico during his first
  
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• Biden Issues Order Supporting Gigawatt-Scale Data Centers on Federal Lands

  15-01-2025 08:45 via industrialinfo.com
  
  January 15, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--President Joe Biden on Tuesday signed an executive order opening up federal lands for gigawatt-scale data centers capable of meeting the rigorous data needs of artificial intelligence (AI) and cloud computing.The order mandates that the Department of Energy and Department of Defense each pick three suitable sites that are overseen by the agencies in order to house new data centers and power operations, paving the way
  
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• Oil & Gas Lobby Group Lays Out Actions to Expedite Energy Development

  15-01-2025 08:40 via industrialinfo.com
  
  January 15, 2025--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The American Petroleum Institute (API) is "excited" by the "pro-energy" officials that voters sent to Washington last November, and the organization looks forward to working with President-elect Donald Trump and GOP majorities in the House and Senate to implement five clusters of energy priorities, API President and Chief Executive Mike Sommers told reporters Monday in a conference call.
  
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• Savion, Enbridge, EIA Oil Price Forecast: Your Daily Energy News

  15-01-2025 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:Enbridge Incorporated (NYSE:ENB)
  
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• Merck Buys WuXi's Irish Vaccines Plant

  15-01-2025 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--January 15, 2025--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--MSD Ireland (Dublin, Ireland), part of Merck & Co. (NYSE:MRK) (Rathway, New Jersey), is spending 500 million euro (US$521 million) to acquire WuXi Biologics' (Jiansu, China) Dundalk vaccines manufacturing site as part of an ongoing expansion of its Irish operations.Within this article: Details purchase of WuXi's Dundalk vaccines plant, expansion of MSD's Irish operations, k
  
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• South Africa Approves US$2.2 Billion of Renewable-Energy Projects

  15-01-2025 07:45 via industrialinfo.com
  
  NEW DELHI--January 15, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--South Africa's Department of Electricity and Energy (Pretoria) recently approved 16 renewable-energy and battery-storage projects under two key programs. These initiatives, with a combined capacity of 1,760 megawatts (MW) of solar photovoltaic (PV) and 615 MW of battery storage, mark a major step in South Africa's energy transition.
  
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• Mineral Sands Mining and Processing Gains Ground Globally

  15-01-2025 07:02 via industrialinfo.com
  
  NEW DELHI--January 15, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Formed alongside riverbeds, beaches and coastal dunes due to strong wind-water activity, mineral sands are sedimentary deposits that have high concentrations of heavy mineral particles. These sands host a rich array of valuable minerals such as zirconium, ilmenite, titanium and rutile, among others, that find application in almost every sector, ranging from ceramics and plastics to refractory materials and
  
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• Texas Leads U.S. to $3.6 Billion in Cargo Port Projects Under Construction

  14-01-2025 08:50 via industrialinfo.com
  
  January 14, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. cargo ports are crucial to a strong U.S. supply chain, as they enable the flow of goods and commodities set for export, as well as distribution across the country. Industrial Info is tracking $3.6 billion worth of projects under construction at cargo ports in the U.S., with about one-third of the investment attributed to ports in Texas.
  
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• Alberta Stresses Importance of Energy in U.S. Bilateral Trade

  14-01-2025 08:50 via industrialinfo.com
  
  January 14, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Cross-border energy trade between the United States and Canada is an important part of the North American economic landscape, Alberta's premier said after meeting the U.S. president-elect.Alberta Premier Danielle Smith was part of a delegation that traveled to Florida during the weekend to meet with U.S. President-elect Donald Trump at his Mar-a-Lago estate.
  
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• LS Power to Buy Algonquin's Non-Hydro Renewable Assets

  14-01-2025 08:45 via industrialinfo.com
  
  January 14, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, LS Power (New York, New York) made a move that drastically increased its renewable holdings when it closed its purchase of Algonquin Power & Utilities Corporation's (NYSE:AQN) (Oakville, Ontario) non-hydro renewable assets. The move affects how LS will be structured as it creates a new subsidiary and passes some active Algonquin projects to an existing part of the company.
  
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• Oil Prices Up 7.5% So Far in 2025

  14-01-2025 08:40 via industrialinfo.com
  
  January 14, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Energy market analysts will get updates on U.S. price forecasts later this week, but crude oil prices by Monday had already surpassed the expected average for this year.
  
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• Venture Global LNG, Diamondback Energy: Your Daily Energy News

  14-01-2025 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:Diamondback Energy Incorporated (NASDAQ:FANG)
  
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• Pemex's Newly Operational Dos Bocas Refinery Expected to Complete Planned Work in February

  14-01-2025 08:30 via industrialinfo.com
  
  January 14, 2025--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--IIR Energy has learned that Pemex (Mexico City, Mexico) will finish planned repairs at the 340,000 barrel-per-day (BBL/d) Dos Bocas Olmeca refinery in early February instead of late January, keeping the newly operational refinery offline.
  
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• Plans In for Giant Scottish Floating Offshore Windfarm

  14-01-2025 08:12 via industrialinfo.com
  
  GALWAY, IRELAND--January 14, 2025--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Developers behind the largest planned floating offshore windfarm in Europe have submitted two key consent applications to the Scottish Government and Aberdeenshire Council.
  Within this article: Details planning applications submission for Europe's largest planned floating offshore windfarm in Scotland, scope, investment, partners, related projects
  
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• Pemex recibe aprobación para invertir 1.900 millones de dólares en su campo offshore Bacab

  14-01-2025 07:30 via industrialinfo.com
  
  14 de enero, 2025--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--La Comisión Nacional de Hidrocarburos (CNH) aprobó el nuevo plan de negocios de Pemex para desarrollar el campo Bacab en aguas someras a unos 104 kilómetros de la costa del estado de Campeche. El nuevo plan contempla aumentar la producción del campo e invertir 1.860 millones de dólares.
  
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• Indian State Telangana Aims for 51 GW of Renewable Energy by 2035

  14-01-2025 07:04 via industrialinfo.com
  
  NEW DELHI--January 14, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--The Telangana government has unveiled an ambitious draft renewable energy policy targeting 51 gigawatts (GW) of renewable energy capacity by 2035. This includes 34 GW of solar energy (ground-mounted, rooftop and floating), 4.5 GW of wind, 2.5 GW from hydropower, and 10 GW from energy storage solutions such as battery and pumped-storage systems. The policy underlines efficient project timelines, with a two-y
  
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• IIR's January 13 Market Scorecard Brings You Breaking Geopolitical News

  13-01-2025 20:15 via industrialinfo.com
  
  January 13, 2025--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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• PJM Pushes for More Investment in T&D as Demand Skyrockets

  13-01-2025 08:55 via industrialinfo.com
  
  January 13, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--PJM Interconnection LLC says it will need another $5.9 billion to $6.3 billion to meet the anticipated load growth in its area, amid rising demand from data centers, electric vehicle (EV) adoption and heating systems. Industrial Info already is tracking more than $12 billion worth of active and planned transmission and distribution (T&D) projects in the PJM service area, more than $7 billion of which Industrial In
  
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• Constellation Energy to Acquire Calpine for $16.4 Billion

  13-01-2025 08:55 via industrialinfo.com
  
  January 13, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Constellation Energy Corporation (NYSE:CEG) (Baltimore, Maryland) announced one of the largest U.S. power deals ever on Friday when it detailed plans to purchase Calpine Corporation (Houston, Texas). Constellation is the largest nuclear power company in the U.S., while Calpine's holdings include natural gas-fired and geothermal facilities.
  
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• U.S. Food & Beverage Industry Looks to Billions' Worth of Q1 Capital Kickoffs

  13-01-2025 08:50 via industrialinfo.com
  
  January 13, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info's Global Market Intelligence (GMI) Project Database shows robust investment for capital projects in the U.S. Food & Beverage Industry that are set to kick off construction in the first quarter. Nearly all of the approximately 1,000 projects, worth $18.6 billion, are attributed to capital efforts--specifically grassroot and in-plant projects.
  
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• Whale of a Prospect Starts in U.S. Gulf of Mexico

  13-01-2025 08:40 via industrialinfo.com
  
  January 13, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Energy market watchers will have to wait until Tuesday for new updates on offshore oil production, but it may be getting a lift with the start of operations at the Whale platform in the Gulf of Mexico.Companies featured: Shell plc (NYSE:SHEL), Chevron Corporation (NYSE:CVX), Equinor (NYSE:EQNR)
  
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• Pemex Receives Approval to Invest $1.9 Billion in Bacab Offshore Field

  13-01-2025 08:40 via industrialinfo.com
  
  January 13, 2025--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Mexico's National Commission of Hydrocarbons (CNH) has approved Pemex's (Mexico City, Mexico) new business plan to develop the Bacab field in shallow waters about 104 kilometers (65 miles) offshore Campeche state. The new plan contemplates increasing the field's output and investing US$1.86 billion.
  The Bacab field began production in 1991, reaching a maximum output of 20,000 barrels per day (BBL/d) of o
  
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• Ameren, Occidental Petroleum, Low British Gas Stores: Your Daily Energy News

  13-01-2025 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:Occidental Petroleum Corporation (NYSE:OXY)
  
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• England's Power Grid Overhaul Gets $44 Billion Fund

  13-01-2025 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--January 13, 2025--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The operator of Britain's electricity grid, National Grid plc (London, England), has announced a £35 billion (US$44.4 billion) spending plan over the next five years in an effort to overcome long delays in connecting major renewable energy projects to the grid.
  Within this article: Details 5-year spending plan for Britain's grid by National Grid, scope, works, related inv
  
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• Trudeau's Resignation Leaves Questions for the Future

  10-01-2025 08:56 via industrialinfo.com
  
  January 10, 2025--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--New year, same political refrain--a nation's longtime leader is blown out of office by shifting winds from voters. Justin Trudeau's Monday resignation followed prime minister changes in South Korea, the United Kingdom, France and other countries in 2024, while other leaders, in India, South Africa and elsewhere, managed to stay in power while seeing their mandates reduced. And in Germany, after a no-conf
  
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• Wisconsin Adds Notch to Great Lakes Region's Solar Prospects

  10-01-2025 08:55 via industrialinfo.com
  
  January 10, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Wisconsin is the latest state in the U.S. Great Lakes region to approve a major solar-generation project, as the industry-heavy area pushes for more renewable energy, both for the public and for companies seeking large-scale power sources. The Great Lakes region includes Illinois, Indiana, Kentucky, Michigan, Ohio and Wisconsin.Industrial Info is tracking more than $24 billion worth of solar-generation projects across
  
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• Canada Natural Resources Ups Production Guidance

  10-01-2025 08:50 via industrialinfo.com
  
  January 10, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Canadian Natural Resources Limited (NYSE:CNQ) (Calgary, Alberta) said its budget plans for 2025 would support a 12% increase in net production relative to year-ago levels.
  
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