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Global Static and Rotating Equipment Market for Oil and Gas Set to Reach USD 35.6 Billion by 2031 | TMR Study
1734624590 from OIL&GAS
… 47;www.transparencymarketresearch.com/oil-gas-static-rotating-equipment-market.html … vast reserves of natural gas and crude oil continue to drive demand … for oil and gas companies. Market Uncertainty: Geopolitical tensions, fluctuations in oil prices, …
Agricultural Adjuvants Market Advancing at an 6.1% CAGR through 2034: Key Growth Drivers Fueling Future Projections
1734623066 from AG NEWS
… Market Research Report Overview: Agricultural Adjuvants Market by Product … usage of pesticides to optimize agricultural productivity. - Effective Insecticides: … - Challenges: Toxicity associated with agricultural spray adjuvants. - Opportunities: …
$33B in agriculture disaster assistance in continuing resolution
1734622960 from AG NEWS
… , ranking member of the Senate Agriculture Appropriations Committee, reported Wednesday. Congress … proceeds. Hoeven worked to secure agricultural assistance to help address producer … includes $33.5 billion in agriculture disaster ... Copyright © Minot Daily …
Chevron and Woodside Reshuffle Australia LNG Portfolios With Asset Swap
1734622680 from OILPRICE
U.S. supermajor Chevron and Australia’s energy group Woodside have agreed to an asset swap deal that will allow them to focus on their operated LNG assets in Australia. Under the agreement the companies announced on Thursday, Chevron Australia Pty Ltd will transfer to Woodside its 16.67% non-operated interest in the North West Shelf (NWS) Project, NWS Oil Project, and its 20% non-operated interest in the Angel Carbon Capture and Storage (CCS) Project. At the same time, Chevron Australia will obtain Woodside’s 13% non-operated interest…
Flagship Agriculture Manufacturing Facility Receives $10 Million in Equipment Financing from Wingspire Equipment Finance
1734621924 from FPOST
TUSTIN, Calif. — Wingspire Equipment Finance is proud to announce that it has successfully structured $10,000,000 in equipment financing for a global leader in agricultural manufacturing. The funding will be used to update and refresh the client’s flagship Canadian manufacturing facility. The client, a private equity-backed company, is a prominent global manufacturer and distributor of […]
BP, Iraq Advance Redevelopment of Kirkuk Oil and Gas Fields
1734621774 from OIL&GAS
… to redevelop the prolific Kirkuk oil and gas fields, the company said … 2025, BP said. The British oil giant has a long history … crude reserves. The company was part of the consortium that discovered oil …
DTI, DA expect no more hike in agri prices, Noche Buena items
1734621445 from AG NEWS
… Industry (DTI) and Department of Agriculture (DA) assured Thursday. This came … , meat, fish, vegetables, and other agricultural commodities. Article continues after this … other) ingredients,” she said. For agricultural commodities, DA Secretary Francisco Tiu …
Two oil & gas firms strike trade-off deal ahead of drilling ops
1734620756 from OIL&GAS
Norwegian oil and gas players, OKEA and DNO, have … 19-57 million barrels of oil equivalent with a medium chance … Abate (Power+) notation for greenhouse gas abatement. The semi-sub won … . Equinor also made an oil and gas discovery with the same rig …
ExxonMobil celebrates five years of oil production in Guyana
1734619635 from OIL&GAS
… crude. (File picture) ExxonMobil Guyana is Thursday marking five years of oil … growing energy sector. Since “first oil” at the offshore Liza Phase … per-capita oil producer in the world. The oil-and-gas sector has …
Crude and Metals Retreat as Fed Signals Slower Rate Cuts
1734619584 from OIL&GAS
… than Expected Inventory Draws Crude oil edged lower this morning … EIA yesterday showed that commercial crude oil inventories (excluding SPR) … barrels. Total US commercial crude oil stocks stand at 421m … over the preceding week. Crude oil imports increased by 0 …
Surge in tunneling patents highlights technological innovations in mining
1734618904 from MINING
… and anchoring machines are transforming mining operations by enabling deeper excavations … ground conditions. Zhengzhou Coal Mining Machinery Group filed a patent … and operational efficiency in challenging mining conditions. Sichuan Huayingshan Guangneng Group …
NEO Battery Materials and Specialty Automotive Battery Cell Manufacturer Sign Joint Development Agreement for Silicon-Enhanced Battery Technology
1734618826 from FPOST
Joint Development Agreement with North American Battery Cell Manufacturer for Specialty Electric Automotive & Mobility Collaboration to Enhance Silicon Anode Materials with Partner’s Proprietary Cell Architecture Systematic Progression of Evaluation within Various Battery Cell Sizes and Formats JDA Underscore Company’s Strategy to Pursue Innovation and Commercialization through Strategic Partnerships Follows First JDA Established with Fortune […]
McDonald's French Fry Supplier Warns Demand Sputtering, Sends Shares Crashing
1734617700 from ZEROHEDGE
McDonald's French Fry Supplier Warns Demand Sputtering, Sends Shares Crashing A major McDonald's french fry supplier missed its second-quarter earnings and slashed full-year guidance for the second consecutive time this year as demand for frozen potato products sputtered, sending shares in premarket crashing lower. For the quarter that ended Nov. 24, Lamb Weston posted adjusted earnings of 66 cents a share, which missed analyst estimates of $1.02 a share, according to Bloomberg. Challenging macroeconomic conditions in the quarter were blamed on higher-than-expected manufacturing costs and sliding fry demand. Here's a snapshot of 2Q earnings (courtesy of Bloomberg): Adjusted EPS 66c, estimate $1.02 Adjusted Ebitda $281.9 million, estimate $330.2 million North America adjusted Ebitda $266.7 million, estimate $295.2 million Net sales $1.60 billion, estimate $1.67 billion North America net sales $1.07 billion, estimate $1.1 billion International net sales $528.8 million, estimate $568.5 million Volume -6%, estimate -2.76% North America volume -5% International volume -6% Price/mix -2%, estimate -0.91% North America price/mix -3% "Our financial results in the second quarter were below our expectations," Tom Werner, President and CEO, wrote in a statement, adding, "Higher-than-expected manufacturing costs and softer volumes accounted for the shortfall, while price/mix and operating expenses were broadly in line with our targets for the quarter." The dismal quarterly results led the the company to cut its full-year guidance for the second straight quarter: Sees adjusted EPS $3.05 to $3.20, saw $4.15 to $4.35, estimate $4.23 (Bloomberg Consensus) Sees adjusted Ebitda $1.17 billion to $1.21 billion, saw low end of $1.38 billion to $1.48 billion, estimate $1.36 billion Sees net sales $6.35 billion to $6.45 billion, saw $6.6 billion to $6.8 billion, estimate $6.65 billion Werner's outlook for next year is complicated, and implies that cash-strapped fast-food customers are merely downsizing their meals in the era of elevated inflation: "In terms of the broader operating environment, we expect challenging conditions to persist through the remainder of fiscal 2025 and into fiscal 2026, driven primarily by an accelerating rate of capacity additions and continued near-term softening of global frozen potato demand below historical rates, particularly outside North America, until demand trends improve and capacity expansion normalizes. As a result, we are reducing our fiscal 2025 financial targets." In a separate news release, the French fry maker announced that CEO Werner would be replaced by Michael Smith, the company's chief operating officer. The Wall Street Journal revealed in mid-October that activist investor Jana Partners built a 5% stake in the company and would push for a sale. To combat a major slowdown in sales, McDonald's revamped its meal deal targeting working-class and middle-class customers who could no longer afford soaring Big Mac prices due to the inflation storm sparked by failed 'Bidenomics.' The meal deal ignited a value menu war with other major quick-service restaurants. Now, the burger chain is planning a complete overhaul of its value menu in early 2025. Trouble for the Golden Arches resulted in a crash share price for Lamb Weston, -17% in premarket trading in New York. Meanwhile, MCD resistance building at $300. Great news for Jana Partners—this plunge in prices gives their traders an opportunity to purchase more stock at lower prices. Tyler Durden Thu, 12/19/2024 - 09:15
Ethereum price crashes to key support as ETH ETF inflows surge
1734616856 from CryptoNWS
Ethereum price declined to a critical support level as cryptocurrencies experienced a sharp pullback following the Federal Reserve’s hawkish interest rate announcement. Ethereum (ETH) slipped to $3,540, marking a 10% drop from its peak earlier this week. This retreat coincided…
Namibia’s marine exports drive US$198M in earnings amid mixed agricultural performance
1734616272 from AG NEWS
NAMIBIA – Namibia earned US$198 million from fish and marine product exports in the third quarter of 2024, a 6.6% increase from US$187 million during the same period in 2023, according to data from the Namibia Statistics Agency (NSA). In contrast, imports …
North Dakota Farm Bureau has Several Scholarships for Those Studying Agriculture
1734615826 from AG NEWS
… students, undergraduates, and individuals studying agriculture. NDFB will be granting scholarships … for college students pursuing an agriculture-related degree, an NDFB family …
Top mines that started operating in 2024
1734614711 from MINING
… the world’s biggest diamond mines. Côté Gold mine, Canada … gold prices, several gold mines also started operation in 2024 … Greenstone project (Ontario, Canada), Hochschild Mining’s Mara Rosa project (Brazil …
Australia approves four new coal mines despite warning of climate ‘death sentence’
1734614351 from MINING
… operations. Analysts said these mines could release over 850m tonnes … continued expansion of coal mines comes even as Australia pushes … senator said. “Approving coal mining in koala habitat is abhorrent … to approve more coal mines faster than any other.” …
SWA Lithium Advances and Derisks DLE Technology with Field-Testing at South West Arkansas Lithium Project
1734614274 from FPOST
SWA Lithium and Koch Technology Solutions Teams Collaborate to Design, Build, and Operate a Field-Pilot DLE Facility to Confirm Engineering Design for SWA Project Samples of Battery-Quality Lithium Carbonate Produced from the Field-Based Pilot Will be Used in the Qualification Process with Potential Off-Take Partners EL DORADO, Ark., Dec. 19, 2024 (GLOBE NEWSWIRE) — SWA […]
Global Pyrolysis Oil Market Poised for 4% Growth by 2031, Driven by Demand for Sustainable Energy Solutions | TMR Study
1734614007 from OIL&GAS
… reduce reliance on imported crude oil and improve energy security. … to reduce reliance on crude oil imports. The region also … commitment to reducing greenhouse gas emissions and promoting renewable … .com/pyrolysis-oil-market.html Market Trends …
Crude Oil finds floor with prospects of pickup in demand from the US in 2025
1734613899 from FXStreet
Crude Oil prices gets to keep its intraday gains on Thursday ahead of the US opening bell, with the reference for the US Oil West Texas Intermediate (WTI) heading back to $70.00 on the back of some support provided by a Bloomberg Intelligence article.
Agriculture Biotech Market Drivers Shaping Future Growth, Revenue 214.6 Billion by 2031: CAGR 8.8%
1734613431 from AG NEWS
… plants. The approaches for boosting agricultural productivity have been created by … ;purchase-enquiry/31839 The agriculture biotech market forecast report offers … comprehensive analysis of the global agriculture biotech market trends by thoroughly …
Top oil and gas sector deals in 2024
1734612278 from OIL&GAS
… 816,000 barrels of oil and gas daily and will have … 5bn In April, US oil and gas company APA completed its … Enerplus In June, US oil and gas company Chord Energy finalised … infrastructure services for natural gas, crude oil and natural gas liquids, as well …
BP and Iraq Agree Technical Terms for Redeveloping Kirkuk Oil Fields
1734612157 from OILPRICE
BP and the federal government of Iraq have agreed on the key technical terms in the plan to redevelop the oil and gas fields in Kirkuk which still hold billions of barrels of recoverable oil remaining in place. BP and the Iraqi government signed a preliminary deal on the technical terms, which is a step forward to a fully termed contract, Bloomberg quoted BP Executive Vice President William Lin as saying in a statement on Thursday. The UK-based supermajor and Iraq expect to complete negotiations by early next year, according to BP. “We are…
Miners Urged to Prioritize Safety and Environmental Protection During Rainy Season
1734611272 from MINING
… season, Minister of Mines and Mining Development Hon. Winston … It is essential that miners conduct thorough risk assessments … environmental impacts. All mining operations must revisit their … stressed. He also urged miners to adapt their operations …
Lack of Inspection Vehicles, Contributing to Illegal Mining Surge in Zimbabwe
1734611268 from MINING
The Ministry of Mines and Mining Development is grappling with severe … recent media briefing, Minister of Mines and Mining Development Hon. Winston Chitando … , leaving many operations unmonitored. Illegal miners often operate in dangerous conditions …
Indonesia will increase crude palm oil export tax to 10%
1734611248 from OIL&GAS
… for collecting and managing palm oil funds) estimated in November … more per metric ton than crude oil. Indonesia imposes an export tax … is applied for refined palm oil. Airlangga didn't … exports. "Our palm oil is more expensive than Malaysian …
Chinese Lithium Miner Rolls Out $1.3 Million Community Development Program in Zimbabwe’s Goromonzi District
1734611061 from MINING
… its operations since commencing lithium mining in Goromonzi in 2022. Boosting … sectors such as mining. Economic Implications of Lithium Mining in Zimbabwe Zimbabwe … Community Development Program exemplifies how mining companies can contribute to sustainable …
Pakistan Spent Rs. 430 Billion on Oil and Gas Exploration in Last 3 Years
1734610644 from OIL&GAS
… a detailed briefing on oil and gas exploration activities, drilling … were conducted for oil and gas exploration during the … barrels of crude oil per day, while daily gas production stands … by international agreements for gas imports. These agreements require …
Côte d’Ivoire Wants Bigger Share Of Its Mining Boom
1734610371 from MINING
… transparency, director general of mines Seydou Coulibaly said. Few … Miners of Ivory Coast (GPMCI). Likewise, tax revenue from mining … Total investment in Ivorian mines was estimated to be … need, the GPMCI professional miners’ association announced last month …
Largo and Stryten Energy to Form Storion Energy for the Manufacture of Vanadium Electrolyte and Battery Components for Long Duration Energy Storage
1734610298 from FPOST
Storion Energy LLC (“Storion”) intends to become a leading U.S.-based manufacturer of vanadium electrolyte Storion plans to develop additional vanadium flow battery solutions to satisfy projected demand from the long duration energy storage (“LDES”) sector TORONTO — Largo Inc. (“Largo” or the “Company“) (TSX: LGO) (NASDAQ: LGO) is pleased to announce the signing of definitive […]
Oil may ‘collapse’ below $50 a barrel in 2025 if this perfect storm hits the market
1734609600 from MWATCH
Oil prices look set to end the year lower as demand weakness, particularly from China, prevails — but 2025 may bring an even steeper loss, with the possibility of a drop below $50 a barrel if the market sees a “perfect storm” of factors, including sharp economic declines in China and Europe.
Rio Tinto's London listing at risk as activist moves to table motion on mining giant's dual structure
1734608413 from MINING
… resolution that could see the miner quit its primary London listing … shortlist to partner Chilean state miner Codelco on a new lithium … the world's biggest miners of lithium, a metal needed … #39;s third largest lithium miner behind leader Albemarle and Chile …
Helenius' Trigon Capital buys large agricultural producer Estonia Farmid
1734607597 from AG NEWS
… of Estonia's largest agricultural companies, Estonia Farmid, which … Estonia's largest agricultural conglomerates is set to … Estonia's largest agricultural companies. OÜ Estonia, in … OÜ holds stakes in three agricultural companies: Estonia OÜ, …
Woodside and Chevron Swap Australian Oil and Gas and CCS Assets
1734607452 from OIL&GAS
… their portfolios of oil and gas, liquefied natural gas (LNG), and … ) Project, the NWS Oil Project and the Angel Carbon … decarbonisation opportunities at Karratha Gas Plant. Our increased equity … Wanaea, Lambert and Hermes oil fields development, including the …