TerraPower’s Natrium reactor begins UK GDA process

The Bill Gates-chaired company has also announced the creation of TerraPower UK, a UK subsidiary, its first office outside the USA. Chris Levesque, President and CEO of TerraPower, said: “TerraPower is entering…

Podcast: Urenco expansion plans to fuel nuclear growth

Uranium enrichment explained Urenco was established in 1970, and is one-third owned by the UK government, one-third by the Netherlands and one-third by the two German utilities RWE and Eon.…

ConocoPhillips Set to Become First U.S. Major to Sign Post-War Syria Gas Deal

ConocoPhillips is set to sign a deal with Syria’s state gas company this week for the development of local fields, the Financial Times reported, citing unnamed sources as saying the…

Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough

Morgan Stanley and Goldman Sachs cut their forecast for oil prices towards the end of the year and 2027 following developments in the peace negotiations between the United States and…

World’s Largest Tanker Operator Cautions Against Hormuz Rush

The U.S.-Iran deal has raised hopes that the oil supply disruption in the Middle East could be nearing its end, but the biggest international tanker operators aren’t rushing to return…

India’s ONGC Considers Resuming Venezuela Oil Operations

ONGC Videsh Ltd (OVL), the overseas unit of India’s state-owned Oil and Natural Gas Corporation (ONGC), considers reviving operations at its two onshore oil assets in Venezuela as the world’s…

Qatar Eyes Quick LNG Restart Once Hormuz Reopens

Qatar prepares to quickly restart and restore liquefied natural gas output within weeks after the eventual reopening of the Strait of Hormuz, Bloomberg reported on Tuesday, citing anonymous sources with…

Dubai and Murban Crude Signal End of Middle East Supply Crunch

The benchmark crude grades of the Middle East have slumped this week as the U.S.-Iran deal raises hopes that supply from the top oil-exporting region would begin to recover soon.…

Europe Wary of Sending Hormuz Aid as Questions Linger

European officials are wary of committing naval ships that could be placed in danger because US President Donald Trump wants to open up the Strait of Hormuz as quickly as…

Oil Drops Over 2% to 3-Month Low as Markets Weigh US-Iran Peace Deal

Summary Prices at three-month lows, but above pre-war levels Some analysts expect Hormuz flows to resume in several weeks U.S. is using an Iranian smuggling tactic to sneak oil out…