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...Industrial Info's daily COVID-19 Impact Report gives you the latest inside intelligence on outages, derates, shutdowns, closures, delays and more caused by the pandemic, across the global energy and industrial landscape.
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...PBF Torrance Refining LLC on March 30 reduced operating rates by 30% at its 155,000-BBL/d Torrance, California, refinery due to the COVID-19 pandemic reducing fuel demand.
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...March was a cruel month for Oil & Gas producers, their investors, their suppliers and their employees, and the worst may be yet to come. Hammered by collapsing demand triggered by the COVID-19 pandemic and an oil market flooded by Saudi Arabia and Russia, crude oil prices fell 50% during March....
...Industrial Info is tracking about $140 billion in active projects worldwide that have been affected by COVID-19, including about $35 billion in the U.S. alone....
...Southeast Asia's cement sector has been hard hit by COVID-19 as producers in several countries have temporarily suspended plant operations due to government-imposed lockdowns and declining demand....
...Scan through a selection of energy-related news highlights that we think will interest our clients....
...California has one of the highest counts of COVID-19 cases, with more than 3,200 individuals infected to date. Project coverage in its Food & Beverage Industry has been affected...
...Indian pharmaceutical manufacturers seem to be unmoved by the recent government-imposed ban on the export of the antimalarial drug hydroxychloriquine (HCQs), and continue with their capacity augmentation plans....
...Malaysian cement companies have temporarily suspended all plant operations as the government carries out a nationwide lockdown to combat the rising number of COVID-19 cases....
...Oil and gas company Wapahki Energy has delayed its plans for a new pilot plant in Lac La Biche, Alberta, which is designed to produce CanaPux -- bricks made from a blend of bitumen and plastic -- due to COVID-19....
...According to Baker Hughes, the number of rigs drilling for oil in the U.S. declined by 40 in the week ending March 27, to 624, the lowest since March 2017. Oil rigs fell by 54 for the month, the largest monthly decline since February 2016....
...Industrial Info is tracking 171 capital Pulp, Paper &
Wood projects valued at $4.71 billion in Russia that are planned for future kickoffs. The planned investment is dominated by 22 unit additions worth more than $1.8 billion; 19 grassroot facilities worth more than $1.7 billion; and 28 expansions worth more than $620 million. Click on the graph below showing the projects by type and count, and click here for a project list.
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...Philippine cement producers in the country's main island of Luzon have suspended cement production as they adhere to the country's quarantine efforts to curb the advance of COVID-19....
...The DACH region, which includes Germany, Austria and Switzerland, is expected to see 23 expansion and unit-addition projects in its Chemical Processing Industry over the next two years...
...Oil producer EnQuest is abandoning restarts at two oil fields in the U.K. North Sea as global oil prices continue to plummet....
...Japan's Power Industry is spending big on nuclear decommissioning and dismantlement projects. About 24 out of 57 nuclear units in Japan are closed as of today...
...United States Steel said it would reduce 2020 capital expenditures by 14% from $895 million to $750 million in response to COVID-19....
...Woodfibre LNG's planned liquefied natural gas (LNG) production site in Squamish, BC has been delayed due to COVID-19....
...India's Varun Beverages has deferred all manufacturing operations in view of the lockdown in many states and union territories across India. Production and distribution facilities have been temporarily shut. Industrial Info is tracking nine Varun Beverages plants in India. Click here for a list....
...Petroreconcavo through its subsidiary, Potiguar E&P, plans to perform a field life extension program in Riacho da Forquilha, Rio Grande do Norte, Brazil, with capital approval expected this year. The project includes re-entry workover, pneumatic pump exchange, well tubing and flow line replacement to re-activate 100 wells at several fields in the cluster for the following two years. All the cluster's production goes to Upanema Battery and is then delivered to Guamare Natural Gas Processing Plant, owned by Petrobras.
Once the cluster reaches production of around 6,500 barrels per day, Petroreconcavo plans to proceed with drilling programs in 2022....
Once the cluster reaches production of around 6,500 barrels per day, Petroreconcavo plans to proceed with drilling programs in 2022....
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