Rystad: U.S.-Iran Re-Escalation Could Drive Oil To $180 By August

An acute re-escalation in the U.S.-Iran conflict and a prolonged blockage of the Strait of Hormuz could drive global crude oil prices to $180 per barrel by August, Jorge León,…

BP Starts Production at Trillion-Cubic-Foot Gas Prize In Azerbaijan

BP Plc.(NYSE:BP) has officially launched commercial production of natural gas from the deeper reservoirs of the Azeri-Chirag-Gunashli (ACG) block, Azerbaijan’s largest oilfield. Additionally, the British energy giant is looking to…

Turkey Looks to Create Azerbaijan-Europe Electricity Corridor

Turkey and Azerbaijan are looking to create an electricity corridor to boost energy connectivity between Azerbaijan and southeast Europe, Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, said on…

LNG Deliveries to China Rebound in May

China’s liquefied natural gas imports rebounded in May as the world’s largest buyer stepped up purchases ahead of peak summer demand, reversing a months-long decline following disruptions to Middle East…

Princeton Endowment Backs Out of Oil and Gas Divestment Pledge

By People walk on the Princeton University campus in Princeton, New Jersey. Photographer: Craig Warga/Bloomberg Get the Latest US Focused Energy News Delivered to You! It’s FREE: Princeton University’s endowment…

US Crude Refiners Are Pushing Run Rates to Maximum Levels

By US oil refiners are running their plants harder than usual, with some even putting off maintenance, as strong profits and steady demand for fuels tempt the processors to run…

Urenco to build new US enrichment plant capacity

Urenco USA’s facility in Eunice, New Mexico, is currently the only commercial uranium enrichment capacity in the USA. Urenco’s decision to increase capacity by 2.1 million SWU marks its commitment to…

Fuel transfer work begins at Fukushima Daiichi unit 2

A total of 615 fuel assemblies (587 used and 28 unused) are currently stored in unit 2’s storage pool. Tokyo Electric Power Company (Tepco) completed an initial survey of Fukushima…

Milestones reached at Xudabao construction site

China National Nuclear Corporation (CNNC) announced that hot functional tests – which simulate the temperatures and pressures which the reactor systems will be subjected to during normal operation – were…

New York issues solicitations for nuclear new-build

The Request for Qualifications (RFQ) follows on from Requests for Information issued by the authority last year, to which more than 30 entities – including 23 potential developers or partners…