General Matter plans new enrichment plant in Paducah

The lease covers the reuse of a 100-acre parcel of land at the site and provides General Matter with a minimum of 7,600 cylinders of existing uranium hexafluoride to supply…

CEZ completing Temelin SMR boreholes survey

The first survey related to the small modular reactor (SMR) project was carried out three years ago with four boreholes to a depth of 30 metres. The current round of…

NextEra seeks to reconnect Duane Arnold to the grid

The single-unit 615 MWe boiling water reactor plant was taken out of service in 2020 after more than 45 years of operation. The plant was the only operating nuclear unit…

Trinidad Awards Seven Ultra-Deep Blocks to ExxonMobil

ExxonMobil and the government of Trinidad and Tobago have agreed terms under which the Caribbean nation will award seven ultra-deep exploration blocks to the U.S. supermajor, senior government officials familiar…

Higher Refining Margins Help Marathon Petroleum Beat Q2 Profit Estimate

Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, topped the average analyst estimates for second-quarter earnings, on the back of increased refining margins which helped it reverse a…

Duke Energy To Sell 20% in Florida Arm for $6 Billion

U.S. electric utility giant Duke Energy has agreed to sell an indirect 19.7% stake in its Florida business to infrastructure investor Brookfield for $6 billion in cash, part of which…

Diamondback Says it Should be Permian’s ‘Consolidator of Choice’ as Oil Outlook Dims

“Until someone else can prove they can do it better than us, we should be the consolidator of choice.” Get the Latest US Focused Energy News Delivered to You! It’s…

Trump Says He Will Raise Tariffs on India Soon Over its Russian Oil Purchases

“They’re fueling the war machine, and if they’re going to do that, then I’m not going to be happy,” Trump told CNBC in an interview, adding that the main sticking…

Lower Oil Prices Drag Saudi Aramco’s Q2 Profit Down by 20%

The world’s top crude oil exporter, Saudi Aramco, reported on Tuesday a 20% decline in second-quarter earnings as lower oil prices weighed on revenues despite rising production in line with…

BP Tops Q2 Profit Estimate as CEO Vows To “Do Better” for Investors

Despite a drop in earnings from a year earlier, BP (NYSE: BP) beat the second-quarter profit estimates as its chief executive Murray Auchincloss said that the UK supermajor “can and…