U.S.-Canada Oil Pipeline Nears Go-Ahead as Shippers Lock In Volumes

A long-delayed push to move more Canadian crude into the United States is back on the table, and this time it has barrels behind it. Oil companies have committed at…

Fuel loading completed at two new Chinese units

On 30 April, China’s National Nuclear Safety Administration (NNSA) issued a 40-year operating licence for unit 2 of the Taipingling plant in Guangdong province. The first nuclear fuel loading operation…

Oil sinks as possible U.S.-Iran deal raises hopes for Hormuz reopening

(Bloomberg) — Oil fell below $100 a barrel and natural gas slumped after reports that the U.S. and Iran may be nearing a deal that could reopen the Strait of…

British-US consortium aims to build UK fusion plant

Through the consortium, the three companies intend to develop a fusion project that is commercially credible, deployable using existing enabling technologies, and capable of attracting private capital – consistent with…

Urenco’s Capenhurst site produces LEU+ in first trial run

Low-enriched uranium plus (LEU+) is uranium enriched to between 5% and 10% U-235. The production trial took place over five days to 1 May, following permission from the Office for…

Podcast: Will Spain rethink nuclear energy phase-out plan?

The most pressing issue is the decision expected later this year by the Spanish government on whether to award a three-year reprieve to Almaraz nuclear power plant units 1 and…

Shell and INEOS Strike Gulf of Mexico Exploration Deal

Shell and INEOS Energy have agreed to jointly invest in exploration and development opportunities in the U.S. Gulf of Mexico, the UK-based energy unit of chemicals giant INEOS said on…

Trump Says Iran “Should Wave the White Flag of Surrender”

(Reuters) – President Donald Trump on Tuesday dismissed Iran’s military capability and said Tehran “should wave the white flag of surrender” but is too proud to do so. Trump told…

Iraq Offers Huge Discounts for Crude Shipments via Hormuz

OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude that has to move through the Strait of…

Duke Energy Tops Profit, Revenue Estimates on Rate Recovery, Weather Boost

May 5 (Reuters) – Utility Duke Energy (DUK.N) exceeded Wall Street expectations for first-quarter profit and revenue on Tuesday, supported by the recovery of rate-based ​infrastructure investments and favorable weather.…