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CERAweek: Small Nuclear Power Struggles at Cusp of US Electricity Demand Boom

Conventional Energy, Energy Topics & Technology, Latest, Nuclear, Small Modular Reactors / By

 Summary • Companies • SMRs face cost, security, and regulatory challenges • U.S. regulatory framework for SMRs is underdeveloped • HALEU fuel safety and demand growth concerns persist HOUSTON, March 11 (Reuters) – Everyone from the U.S. energy secretary to Big Tech touts small modular nuclear reactors as a potential answer to booming power demand, …

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Ontario Premier Doug Ford Freezes Plan to Slap Surcharge of Electricity Exports to US

CDN and International News, Electricity Grid, Energy Topics & Technology, Latest / By

(Reuters) – The premier of the Canadian province of Ontario said he was suspending plans to impose a 25% surcharge on electricity exports to the United States and would fly to Washington this week for talks with the Trump administration. Doug Ford made his surprise announcement on Tuesday just hours after telling U.S. networks that …

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CERAWEEK ANALYSIS Small Nuclear Power Struggles at Cusp of US Electricity Demand Boom

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Nuclear, US News / By

By Timothy Gardner SMRs face cost, security, and regulatory challenges U.S. regulatory framework for SMRs is underdeveloped HALEU fuel safety and demand growth concerns persist HOUSTON, March 11 (Reuters) – Everyone from the U.S. energy secretary to Big Tech touts small modular nuclear reactors as a potential answer to booming power demand, but the technology …

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Trump Administration Aims to Cancel Oil Reserve Sales, Support Small Nuclear Power

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, Tri-Pinned / By

U.S. Energy Secretary Chris Wright said on Monday he was planning to work with Congress on cancelling previously mandated sales from the Strategic Petroleum Reserve as one way to address low stockpiles. Congress has mandated some 100 million barrels in sales from the reserve, the world’s largest emergency stockpile of crude oil, with a 7 …

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Soaring US Power Demand a Big Challenge, US Energy Secretary Says

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – U.S. Energy Secretary Chris Wright said on Monday that soaring U.S. power demand growth “is a train wreck waiting to happen,” and requires big investments and regulatory changes to meet. He added, in comments to the CERAWeek conference in Houston, that the administration of President Donald Trump intends to reverse what he called …

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US Energy Secretary Pleased with OPEC Actions So Far

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, US News / By

(Reuters) – U.S. Energy Secretary Chris Wright said on Monday that he was pleased with OPEC actions and had no specific requests of the Saudi Arabia-led oil producers group. He said he was happy OPEC was returning barrels to the marketplace and said that more energy was good for the globe. Wright, speaking to reporters …

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Baker Hughes Says Oil Producers Unlikely to Increase Spending This Year

Conventional Energy, Energy Topics & Technology, Exploration & Production, Forecasts, Latest, Oil, US News / By

(Reuters) – U.S. oil and gas producers are unlikely to increase spending this year and output increases will primarily come from improved efficiencies rather than new drilling, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday. The outlook comes as U.S. President Donald Trump’s administration has repeatedly exhorted the industry to “Drill, baby, drill,” to …

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Whitecap Resources and Veren to Combine in a $15 Billion Transaction to Create a Leading Canadian Light Oil and Condensate Producer

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, Press Releases / By

CALGARY, AB, March 10, 2025 /CNW/ – Whitecap Resources Inc. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The combined company will be the largest Alberta Montney and Duvernay landholder, a prominent light oil producer in Saskatchewan and …

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Tesla Erases US$700 Billion ‘Trump Bump’ as Sales Slide

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

The rapid decline in Tesla’s shares has pushed them into what chart-followers call an oversold zone A slide in Tesla Inc. on Friday is capping off a round trip of epic proportions in the company’s shares. Expectations that the electric-vehicle maker would benefit from chief executive Elon Musk’s close relationship with President Donald Trump made …

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US Energy Chief to Seek $20 Billion to Refill Oil Reserve, Bloomberg Reports

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

U.S. Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump’s goal of refilling the nation’s depleted oil reserve to its maximum capacity, Bloomberg News reported on Friday. Wright told Bloomberg News in an interview that the initiative would restore holdings “just close to the top” to maintain efficient …

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