Released February 14, 2025 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
POWER
Duke Energy Raises Five-Year Capex Plan - Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) on Thursday raised its five-year capital expenditure (capex) plan to $83 billion, a 13.7% jump, to accommodate rising demand from population growth in the U.S. Southeast and the expansion of data centers and advanced manufacturing, the company said. The company projects load growth from 2027 to 2029 to jump to 3% to 4% from 1.5% to 2% within the next two years. Most of the $10 billion increase to Duke's capital plan will be used to expand power generation, while a major portion of the broader plan is aimed at bolstering the utility's distribution and transmission lines. (Reuters)
REFINING
PBF Energy Posts Third Consecutive Quarterly Loss - PBF Energy Incorporated (NYSE:PBF) (Parsippany, New Jersey) posted a third consecutive quarterly loss on Thursday, as the U.S. refiner took a hit from a decline in margins. PBF said its fourth-quarter loss attributable to the company was $289.3 million, bigger than its loss of $48.4 million a year earlier. (Reuters)
RUSSIA
IEA: Russia's Oil, Fuel Export Revenues Rose to US$15.8 Billion in January - Russia's commercial revenues from sales of crude oil and oil products in January rose by US$900 million from December to US$15.8 billion in January due to higher oil prices and stable export volumes, despite sanctions, the International Energy Agency (IEA) said on Thursday. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
POWER
Duke Energy Raises Five-Year Capex Plan - Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) on Thursday raised its five-year capital expenditure (capex) plan to $83 billion, a 13.7% jump, to accommodate rising demand from population growth in the U.S. Southeast and the expansion of data centers and advanced manufacturing, the company said. The company projects load growth from 2027 to 2029 to jump to 3% to 4% from 1.5% to 2% within the next two years. Most of the $10 billion increase to Duke's capital plan will be used to expand power generation, while a major portion of the broader plan is aimed at bolstering the utility's distribution and transmission lines. (Reuters)
REFINING
PBF Energy Posts Third Consecutive Quarterly Loss - PBF Energy Incorporated (NYSE:PBF) (Parsippany, New Jersey) posted a third consecutive quarterly loss on Thursday, as the U.S. refiner took a hit from a decline in margins. PBF said its fourth-quarter loss attributable to the company was $289.3 million, bigger than its loss of $48.4 million a year earlier. (Reuters)
RUSSIA
IEA: Russia's Oil, Fuel Export Revenues Rose to US$15.8 Billion in January - Russia's commercial revenues from sales of crude oil and oil products in January rose by US$900 million from December to US$15.8 billion in January due to higher oil prices and stable export volumes, despite sanctions, the International Energy Agency (IEA) said on Thursday. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
