Swedish parliament votes to allow uranium mining

“The Riksdag has voted in favour of the Government’s proposal on uranium mining in Sweden,” a statement from the parliament said. “The decision states that it will be allowed to…

Paks II first concrete set for February after licences issued

The Paks II project company said the authority – the HAEA – “issued construction licences for the control building, auxiliary building and technological service building of Unit 5. The authority also…

Russia’s Coal Industry Faces Existential Crisis

Russia’s coal industry is in a bind as Western sanctions, falling Chinese demand for imported coal, and fierce competition with Indonesia on other Asian markets challenge the profitability of Russian…

Oil & Gas: The One Sector Missing Out of M&A’s Big Revival

By and Low energy On this Tuesday a year ago, as US voters were handing Donald Trump the keys to the White House for a second time, M&A bankers were…

UAE Oil Giant Leans on US Expertise for ‘Promising’ Shale Pivot

By and The United Arab Emirates, long one of OPEC’s key oil producers, is pivoting to US-tested fracking techniques to tap its “very promising” unconventional gas resources, with the intention…

US Crude Stocks Rose Last Week, Gasoline and Distillate Inventories Fell, EIA Says

(Reuters) – U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 5.2 million barrels to 421.2…

US Crude Production Hits Record High for Second Week in a Row, EIA Says

(Reuters) – U.S. field production of crude oil rose to a record high for a second week in a row last week, the U.S. Energy Information Administration (EIA) said in…

Oil Producers Need to Step Up Drilling to Sustain Output, EIA Says

HOUSTON, Nov 5 (Reuters) – Oil and gas producers will need to step up drilling to sustain or increase output due to rapid declines in production from existing wells, the…

Oil Tanker Storage Surges as Russia and Iran Face U.S. Sanctions

The U.S. sanctions on Russia and Iran have led to an “unprecedented” large volume of crude oil stored in tankers, Torbjörn Törnqvist, co-founder of commodity trading giant Gunvor Group, said…

Ørsted Posts Massive $262 Million Q3 Loss As Offshore Challenges Mount

Ørsted, the world’s largest offshore wind developer, reported on Wednesday a loss for the third quarter amid soaring impairment charges as the offshore wind industry faces backlash in the United…