South Korean SMR-powered container ship design certified

As part of the Novel Concept Class Approval process, the American Bureau of Shipping (ABS) grants an Approval in Principle at an early conceptual design phase to assist the client…

Constellation invests in Blue Energy

Blue Energy says that reactors make up less than 10% of the cost of a nuclear power plant, with most of the cost coming from “construction and regulatory challenges in…

European Investment Bank agrees to Cernavoda refurb loan

Cosmin Ghita, CEO of Nuclearelectrica, said “the involvement of renowned international banking institutions in securing external financing for the CNE Cernavoda Unit 1 Refurbishment Project represents a historic step for…

TotalEnergies Sees Strong Oil Trading Even as Gas Weakens

By TotalEnergies SE reported another quarter of bumper oil trading after the Iran war upended crude markets, but warned of underperformance in its gas business. Get the Latest US Focused…

US EIA Reviews Crude Storage Limits After Iran War Drains Cushing Inventories

(Reuters) – The U.S. Energy Information Administration said on Thursday it was reviewing the results of a pilot study to better understand minimum working crude oil inventory for some storage…

Pakistan Worries About Being Drawn Into US-Iran Conflict After Houthis Attack Saudi Arabia

(Reuters) – Attacks on Saudi Arabia by Yemen’s Iran-aligned Houthis this week have frustrated Pakistan and threaten to draw Islamabad into the conflict, complicating any future role it may have…

LNG Exports Set to Add $1.4 Trillion to US GDP Through 2040, S&P Global Energy Study Says

(Reuters) – Liquefied natural gas is poised to become the United States’ second-largest net export industry within five years, adding nearly $1.4 trillion to its gross domestic product through 2040,…

US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow

(Reuters) – U.S. refiner margins registered a fresh record high for the third consecutive session on Thursday, as low stockpiles and worsening tensions in the Middle East threaten potential supply…

Oil Settles Lower, But Remains Near One-Month High on U.S.-Iran Tension

By Oil falls after rallying earlier in the week, analyst says sign of market exhaustion Iran tells Houthis to close Red Sea gateway if US hits power network, sources say…

Engie Brasil Raises $1.7B In Latest Share Offering

Brazil’s largest private electricity producer, Engie Brasil, has successfully raised 8.4 billion reais ($1.66 billion) at a price of 30.50 reais per share in a follow-on share offering, in one…