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Friday, December 12, 2025
Economic Indicators

2Q 2025 3rd Est.

GDP
3.8%

November 2025

ISM
48.2%

September 2025

Unemployment Rate
4.4%

August 2025

New Orders
1.4%

September 2025

Industrial Production
0.1%

September 2025

Capacity Utilization
77.4%

Today's Headlines

Daily News Cast

Featured Story

BP Starts Up U.S. Gulf Expansion Project

British energy company BP started up the expansion to its Atlantis platform ahead of schedule.

By Daniel Levin, Assistant Editor

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El gobierno argentino recibe ofertas por más de US$700 millones por la privatización del sistema hidroeléctrico del COMAHUE

El pasado viernes 28 de noviembre la Secretaría de Energía de Argentina realizó la apertura de ofertas económicas del proceso de licitación pública iniciado en agosto pasado para la venta del 100% del paquete accionario de las empresas públicas Alicurá Hidroeléctrica Argentina S.A., El Chocón Hidroeléctrica Argentina S.A., Cerros Colorados Hidroeléctrica Argentina S.A. y Piedra del Águila Hidroeléctrica Argentina S.A. Estas empresas contarán con la concesión de explotación por 30 años de las cinco hidroeléctricas que componen el complejo del COAMAHUE sobre los ríos Limay y Neuquén en las provincias de Neuquén y Río Negro..

By Leonardo Pablo Aguirre, Power Industry Manager - Latin America

El relanzamiento de la minería en Ecuador: ¿Pueden los nuevos proyectos cupríferos reavivar el interés internacional?

Ecuador busca reavivar el interés en su sector minero tras años de un catastro congelado..

By Brian Ford, Editor-in-Chief

Shell se retira del proyecto de GNL de YPF en Argentina un año después de su incorporación

Shell abandona el proyecto Argentina LNG 2 de YPF, que podría haber sumado hasta 10 MTPA..

By Brian Ford, Editor-in-Chief

Oil Prices Slump from Early Risk Premium

Fundamentals returned to influence the direction of crude oil prices after escalating tensions between the United States and Venezuela..

By Brian Ford, Editor-in-Chief

News by Industry

Featured Story

U.S., Allies Seek to Lessen China's Hold on Critical Minerals

U.S. Undersecretary for Economic Affairs Jacob Helberg, looking coordinate efforts to reduce China's strong positions in all parts of the AI supply chain, has scheduled a White House meeting with eight U.S. allies.

By Brian Ford, Editor-in-Chief

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Green Light for U.K.'s Largest Floating Solar Project

By Martin Lynch, European News Editor

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HF Sinclair Seeks Westward Growth with Less Capital Spending

By William Ploch, Assistant Editor-in-Chief

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Early Energy Sector Optimism for 2026

By Daniel Levin, Assistant Editor

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U.S. Gulf Oil & Gas Lease Sale Planned for Wednesday

By William Ploch, Assistant Editor-in-Chief

Featured Story

Argentina Receives More than US$700 Million in Bids to Privatize COMAHUE Hydroelectric System

On November 28, the Ministry of Energy of Argentina opened the public bidding process for the sale of 100% of the shares of the public companies Alicurá Hidroeléctrica Argentina S.A., El Chocón Hidroeléctrica Argentina S.A., Cerros Colorados Hidroeléctrica Argentina S.A. and Piedra del Águila Hidroeléctrica Argentina S.A, initiated in August 2024.

By Leonardo Pablo Aguirre, Power Industry Manager - Latin America

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U.S. Gas-Fired Power Plants Prep for Maintenance Outages

By William Ploch, Assistant Editor-in-Chief

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DOE Awards $800 Million for U.S. SMR Development

By Eric Funderburk, Promotions & Advertising Specialist

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Trump EPA Seeks to Vacate Tougher Biden-era Regulation of Particulate Matter

By Brian Ford, Editor-in-Chief

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El gobierno brasileño anuncia dos subastas de transmisión de energía para 2026 por un valor superior a 25 mil millones de reales

By Brian Ford, Editor-in-Chief

Featured Story

After Offshore Proposal, USGS Reviews Inland California Reserves

In decline since the 1980s, there are still billions of cubic feet of gas and millions of barrels of oil in California

By Brian Ford, Editor-in-Chief

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  • Europe Agrees on Weaker 2040 Climate Goal

    A new binding climate target for the European Union (EU) for 2040 has been voted through despite efforts by the far-right to quash it..

    By Martin Lynch, European News Editor

  • BP Delays Unit Closure at Main Germany Refinery

    U.K. oil major BP plc (London, England) has delayed the the planned permanent closure of a 70,000 barrel per day (BBL/d) Crude Distillation Unit and a 40,000 BBL/d Vacuum Distillation Unit at its largest German refinery, the 140,000 BBL/d Gelsenkirchen Scholven..

    By Martin Lynch, European News Editor

  • ExxonMobil Threatens to Quit Europe over EU Law

    Exxon Mobil Corporation (Spring, Texas) has warned that it will be forced to stop doing business in the European Union (EU) if it does not make changes to one of its most contentious sustainability laws..

    By Martin Lynch, European News Editor

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Exploration & Production Efforts Lead Petrobras' Capital Spending

By Eric Funderburk, Promotions & Advertising Specialist

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Swiss Trader Gunvor Backs Off Deal to Buy Lukoil Assets

By Brian Ford, Editor-in-Chief

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IIR's November 3 Market Scorecard Brings You Breaking Geopolitical News

By Daniel Levin, Assistant Editor

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Canada Touts Clean Energy During G7 Meeting in Toronto

By Eric Funderburk, Promotions & Advertising Specialist

Featured Story

Shell Pulls Out of YPF's Argentina LNG Project a Year After Joining

Shell is leaving YPF's Argentina LNG 2 project, which could have added up to 10 MTPA.

By Eric Funderburk, Promotions & Advertising Specialist

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Record U.S. LNG Exports, Fast-Tracked MISO Projects, Targa Resources: Your Daily Energy News

By Eric Funderburk, Promotions & Advertising Specialist

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Canadian Oil Exports to U.S. Up Year-on-Year

By Eric Funderburk, Promotions & Advertising Specialist

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Freeport Issues Curb LNG Feed Gas

By Daniel Levin, Assistant Editor

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EIA Notes Rise in U.S. Associated Natural Gas Production

By Brian Ford, Editor-in-Chief

Featured Story

BP Drops One of U.K.'s Largest Hydrogen Projects

Oil and gas major BP (London, England) has ditched plans to build one of the U.K.'s largest planned blue hydrogen projects due to an ongoing dispute over whether the site should be used for an artificial intelligence (AI) data center instead.

By Martin Lynch, European News Editor

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  • Argentina Expands Fertilizer Production

    Pampa Energía plans to build a nitrogen fertilizer plant at the port of Bahía Blanca. The project is part of a broader effort to reduce Argentina's dependence on fertilizer imports.

    By Mariana Soko, Chemical Processing Industry Manager - Latin America

  • Argentina amplía producción de fertilizantes

    Hoy en día, Argentina se encuentra en una etapa en la cual apunta a disminuir la dependencia de la importación de fertilizantes. En este marco, la empresa Pampa Energía, cuyo principal foco de operaciones ha sido históricamente la generación de energía eléctrica, dio un paso hacia el sector químico y se encuentra desarrollando un plan para la construcción de una planta de fertilizantes nitrogenados en el puerto de Bahía Blanca.

    By Brian Ford, Editor-in-Chief

  • ExxonMobil Shutting Scottish Ethylene Operations

    Exxon Mobil Corporation (Spring, Texas) is to shut its Fife Ethylene Plant (FEP) at Mossmorran in Scotland with the loss of up to 400 jobs..

    By Martin Lynch, European News Editor

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Thailand's AGC Vinythai Completes Chlor-Alkali and Vinyl Expansions

By Ralph Diasanta, Research Specialist

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Occidental Ups Oil & Gas Efforts as OxyChem Selloff Nears End

By William Ploch, Assistant Editor-in-Chief

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Air Products Returns Focus to Industrial Gases, Slashes Capex

By William Ploch, Assistant Editor-in-Chief

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Australia Hits GO For Guarantee of Origin Scheme

By Martin Lynch, European News Editor

Featured Story

ISM: U.S. Manufacturing Activity Continues Contraction

The Institute for Supply Management's (ISM) latest Purchasing Manager's Index (PMI) survey indicates U.S. manufacturing activity contracted for the ninth straight month, as tariffs and economic uncertainty continue to disrupt the domestic manufacturing sector.

By Daniel Levin, Assistant Editor

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Meta Advances Efforts to Power AI Data Centers

By Daniel Levin, Assistant Editor

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Automakers Continue to Boost U.S. Investment

By Daniel Levin, Assistant Editor

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Google Makes Power Arrangements for Arkansas, Ohio Data Operations

By Eric Funderburk, Promotions & Advertising Specialist

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More U.S. Solar Power Coming, with Fewer Delays

By Eric Funderburk, Promotions & Advertising Specialist

Featured Story

IIR's November 17 Market Scorecard Brings You Breaking Geopolitical News

Stay current with the latest geopolitical events, and more importantly, instantly connect to how these events may impact you and your business strategies

By Daniel Levin, Assistant Editor

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Brazil's Atvos Announces Investments in Corn Ethanol and Biomethane

By Chester Conway, IIR Writing Staff

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Vietnam Aims to Produce More Bio-Ethanol

By Ralph Diasanta, Research Specialist

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IIR's October 27 Market Scorecard Brings You Breaking Geopolitical News

By Daniel Levin, Assistant Editor

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Canadian Energy Policy Seems Divided

By William Ploch, Assistant Editor-in-Chief

Featured Story

More than Half of Chevron's Capex Set for U.S.

U.S.-based supermajor Chevron said that about $10.5 billion, more than half of its planned budget for next year, would target operations in the domestic market

By William Ploch, Assistant Editor-in-Chief

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Helmerich & Payne Eyes Growth in Global Drilling for Oil & Gas

By William Ploch, Assistant Editor-in-Chief

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Keyera Eyes Long-Term Growth in Canada's Nat Gas, NGL Markets

By William Ploch, Assistant Editor-in-Chief

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EPA Grants Texas Primacy to Regulate Carbon Storage Wells

By William Ploch, Assistant Editor-in-Chief

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Canada Brings Trade Message Overseas

By Eric Funderburk, Promotions & Advertising Specialist

Industry Shorts


News by Geography

North America
Southwest Power Pool Set for Faster Power Expansions

Industrial Info is tracking more than $26 billion worth of active and proposed capacity-expansion projects at power-generation facilities in the SPP region.

By William Ploch, Assistant Editor-in-Chief


Fluor Completes LNG Canada Phase 2

By William Ploch, Assistant Editor-in-Chief

Jobs, Nuclear Energy Bolstered in Canada

By Daniel Levin, Assistant Editor

Latin America
Brazil's Government to Hold Power Transmission Auctions Worth $4.7 Billion

Brazil expects to attract US$4.7 billion in investments to construct close to 4,500 km of transmission lines

By Brian Ford, Editor-in-Chief


Europe
Norsk Hydro Building Largest Hydro Project in Decades

Norsk Hydro (Oslo, Norway) has committed to building one of Norway's largest pumped hydro power projects in more than two decades.

By Martin Lynch, European News Editor


Europe's Offshore Wind Auctions Come Under Fire

By Martin Lynch, European News Editor

Belarus Opts for New Nuclear Power Unit

By Martin Lynch, European News Editor


Africa
Precious Metals in Focus: Platinum Group Metals at a Glance

Known for their resilience, value and outstanding catalytic properties, platinum group metals stand significant in today's era of clean energy and sustainability

By Sharun Anthony, Content Editor


Cheniere Energy, ExxonMobil, Xcel Energy: Your Daily Energy News

By Eric Funderburk, Promotions & Advertising Specialist

Asia
Woodside, Petrobras, U.S. Rig Count: Your Daily Energy News

Scan through a selection of energy-related news highlights that we think will interest our clients.

By Eric Funderburk, Promotions & Advertising Specialist


NextDecade, Georgia Power, ADNOC: Your Daily Energy News

By Eric Funderburk, Promotions & Advertising Specialist

Indonesia Accelerates Waste-to-Energy Development

By Maria Estrella, IIR Writing Staff

Oceania
Australia: Renewables Overtake Fossil-Fuel Power For First Time

Australia's renewable energy sector produced more power than coal and gas sources for the first time in October, marking a pivotal shift in the country's power mix.

By Martin Lynch, European News Editor


Delfin LNG, Woodside Energy, U.S. Oil Stocks: Your Daily Energy News

By Eric Funderburk, Promotions & Advertising Specialist

Iberdrola Seeks Permit for 3 GW Australian Offshore Windfarm

By Martin Lynch, European News Editor


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