Chinese Firm Takes U.S. Banks to Court Over Pre-Sanction Payment Freeze

Chinese fuel trader HY Energy is suing U.S. banking giants JP Morgan and Citigroup for blocked payments to a Chinese oil firm a year before the latter was sanctioned by…

USA and Japan mark historic HALEU shipment

The successful transfer of the material was announced by the US Department of Energy’s National Nuclear Security Administration, in partnership with Japan’s Ministry of Education, Culture, Sports, Science and Technology and…

Site of Polish plant deemed suitable

The preliminary site assessment covered: seismic, tectonic, geological-engineering, hydrogeological, hydrological and meteorological conditions of the site area; external events resulting from human activity in the area; external events resulting from…

Concreting completed of Kursk II’s third reactor building foundation

About 200 workers were involved in the pouring of concrete to form the 5,400-square-metre slab, a process which took four months, said Rosatom, Russia’s state nuclear corporation. It added that throughout…

USA to examine SMRs for commercial shipping

“Global competitors are advancing the integration of nuclear propulsion into the broader maritime industry, including shipyards, ports, insurance regimes, and logistics networks, which places the US at a strategic disadvantage…

Funding boost for Bruce C pre-development work

The province’s Minister of Energy and Mines, Stephen Lecce, said: “At a time when our economy faces threats from abroad, Ontario’s government is doubling down on made-in-Canada nuclear power.” The…

Oil Prices Settle 1% Lower in Volatile Trading After US Mulls Resuming Strait of Hormuz Military Escorts

By US considers restarting escorts for commercial vessels through Strait of Hormuz, WSJ says Analysts warn prices could rebound if conflict escalates again Iran’s oil production likely down by around…

Permian to US Gulf Coast Crude Pipeline Operational After Oil Spill

By and HOUSTON, May 7 (Reuters) – A pipeline that ships crude ​oil between the Permian basin in ‌West Texas and Houston was fully operational on Thursday after a brief…

US Considers Tapping Oil at Military Bases to Refill Reserve

By The Trump administration is studying using oil under land at US military bases and other Department of War sites to help refill the nation’s depleted emergency reserves, according to…

Western Midstream to Pay $1.6 Billion for Permian Pipelines

By Western Midstream Partners LP agreed to acquire closely-held pipeline operator Brazos Delaware II for about $1.6 billion. The deal, which is expected to close by the end of June,…