Trading Giants Seek Big Asia Buyers for Venezuelan Oil

Vitol Group and Trafigura Group are in talks with large Indian and Chinese refiners over potential sales of Venezuelan crude, days after they obtained a preliminary green light from the…

Carlyle, Chevron-Quantum Partnership Among Frontrunners for Lukoil Assets, Sources Say

(Reuters) – Private equity giant Carlyle, a group comprising oil major Chevron and Quantum Capital Group as well as UAE-based investor International Holding Company are competing for the global assets…

Venezuela Security, Policy Reform Needed for US Oil Industry to Move In, API Chief Says

(Reuters) – Workforce security and policy reform including contract sanctity are among the prerequisites that have to be in place in Venezuela for the U.S. oil industry to move in,…

US Supreme Court Wrestles With Louisiana Communities’ Lawsuits Against Oil Companies

(Reuters) – U.S. Supreme Court justices wrestled on Monday over whether lawsuits by Louisiana officials seeking to hold oil and gas companies, including Chevron and Exxon Mobil, responsible for harming…

Diamondback Energy Flags Lower Prices for Oil Production in Fourth Quarter

(Reuters) – U.S. shale producer Diamondback Energy on Monday flagged lower prices for its oil production in the fourth quarter, compared to the preceding three months. Oil prices declined 9.2%…

Impact assessment process begins for Canadian new-build

The Impact Assessment Agency of Canada (IAAC) and the Canadian Nuclear Safety Commission (CNSC) are inviting public comments on the initial description of the project which , along with a…

Zeeland study looks at potential for SMRs

The SMR Zeeland 2050 study was carried out by Tractebel and Haskoning in collaboration with Impuls Zeeland and Smart Delta Resources. The report was commissioned because the region, home to one…

US enrichment funding recipients flesh out plans

The Department of Energy (DOE) announced on 5 January that it had awarded task orders totalling USD2.7 billion to three companies to provide enrichment services for low-enriched uranium (LEU) and…

Hinkley Point B plant declared free of fuel

Hinkley Point B – comprising two Advanced Gas-cooled Reactors (AGRs) – was first synchronised to the electricity grid in February 1976. The plant generated more than 311 terawatt-hours of electricity…

Fortum deepens cooperation with Steady Energy

“At Fortum, we have almost 50 years of experience in owning and operating nuclear power plants safely and with good results,” said Anni Jaarinen, Director of Fortum’s Nuclear Service. “We…