PEJ signs first loan agreement with US export credit agency

The agreement was concluded as part of the US Export-Import Bank’s (US EXIM’s) Engineering Multiplier Program (EMP), which aims to finance preparatory and engineering works for projects carried out with…

Robotisation saves 500,000 work hours, says Rosatom

ZiO-Podolsk, based in St Petersburg, has begun using a welding robot for supports for nuclear power plant heat transfer equipment. It plans to manufacture 164 supports – each involving about 80…

KHNP seeks site for new nuclear power plant

“The bid for the new nuclear power plant candidate site will be promoted through a local government-led initiative,” Korea Hydro & Nuclear Power (KHNP) said. Heads of local government have…

Russia and Uzbekistan MoU on radioactive waste management

Having a radioactive waste management system is part of the development in Uzbekistan of a nuclear energy sector – Russia’s Rosatom is in the process of a project to build…

Type One Energy initiates licensing of fusion power plant

Type One Energy said it worked closely with the Tennessee Valley Authority (TVA) and the Tennessee Department of Environment & Conservation (TDEC) to prepare the “first-of-a-kind” application for a byproduct…

U.S. Sends Additional Warship to Middle East Amid Iran Tensions

(Reuters) – The U.S. Navy has sent an additional warship to the Middle East, a U.S. official told Reuters on Thursday, amid a large military buildup in the region and…

US Crude Production Ticks Back Up After Massive Output Hit From Winter Storm

(Reuters) – U.S. crude production continued to recover on Thursday after a winter storm ravaged production and losses peaked at 2 million barrels per day over the weekend, while analysts…

Citgo Buys Venezuelan Oil for the First Time Since 2019 Sanctions

Citgo Petroleum, the U.S.-based refiner formerly owned by Venezuela’s state oil firm PDVSA, has bought its first Venezuelan crude under U.S. control, anonymous sources with knowledge of the situation have…

Malaysia’s Petronas to Boost Exploration to Maintain Domestic Output

Malaysia’s Petronas plans to boost exploration, deepwater development, and enhanced oil recovery over the next three years as it looks to maintain its domestic oil and gas production stable at…

TotalEnergies Pushes Ahead With Mozambique LNG Despite Risks

After a five-year hiatus, French supermajor TotalEnergies is formally relaunching on Thursday the $20-billion Mozambique LNG project at an event led by Mozambique’s President Daniel Francisco Chapo and attended by…