Phillips 66 Hikes 2026 Capex To $2.4 Billion

Houston, Texas-based refiner Phillips 66 (NYSE:PSX) has increased its 2026 capital budget to $2.4 billion, including $1.3 billion for growth capital and $1.1 billion for sustaining capital. In the Midstream…

Tankers Make U-Turns After US Seizure of Venezuelan Oil Cargo, Shipping Data Says

(Reuters) – A tanker carrying Russian naphtha for Venezuelan state oil company PDVSA and at least four supertankers due to pick up crude cargoes in Venezuela have made u-turns after…

American Export Boom Means Goodbye to Cheap US Natural Gas

By and Can the Trump administration’s twin policy priorities of US “energy dominance” and affordability really coexist? We may be about to find out. Get the Latest US Focused Energy…

US Declares Energy Emergency as Cold Snap Hits Northeast

By and A woman stands in a street as the snow falls in the Manhattan borough of New York on Dec. 14. Photographer: Charly Triballeau/AFP/Getty Images Get the Latest US…

UK aims for cancer treatments from reprocessed uranium

In total the Nuclear Decommissioning Authority (NDA) will provide Bicycle Therapeutics with access to 400 tonnes of reprocessed uranium over the 15 years. The Cambridge-based biotech company will use technology developed…

Construction starts on sixth Ningde unit

The construction of Ningde units 5 and 6 was approved by China’s State Council on 31 July 2023. First concrete for the nuclear island of Ningde 5 was poured on…

Niger builds relationships with overseas uranium partners

The Memorandum of Cooperation signed on 9 December by the Timersoi National Uranium Company (TNUC) and Uranium One Group – part of the Rosatom State Corporation group of companies –…

Korean floating SMR design certified

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

Kazakhstan Battles Big Oil in $3.5 Billion Arbitration Case

Kazakhstan expects a court ruling on its $3.5-billion lawsuit against international majors by the end of this year, Energy Minister Yerlan Akkenzhenov said on Monday as the country is suing…

Tanker Fleet Crunch Forecasts Strong Rates Through Early 2026

Oil tanker rates are set to stay elevated in early 2026 as crude supply is rising while the number of available vessels is shrinking due to the U.S. sanctions on…