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The U.S. Department of Energy said on Wednesday it has approved conditional loan guarantee commitments totaling nearly $3 billion for two sustainable aviation fuel projects.The agency’s Loan Programs Office said the funding of up to $1.44 billion to Calumet’s unit would support the expansion of its facility in Montana. The facility will utilize vegetable oils, …
As nuclear power companies gear up to revive old reactors and build a generation of new ones to meet burgeoning power demands for artificial intelligence, cryptocurrency and electric vehicles, they still face a daunting risk-management task: what to do with thousands of tons of spent reactor fuel. The U.S. nuclear-power renaissance is plunging ahead without …
Nuclear Renaissance Must Still Solve for Spent Fuel Read More »
(Reuters) – Oil prices were broadly flat on Thursday as investors waited on developments in the Middle East, the release of official U.S. oil inventory data and details on China’s stimulus plans. Brent crude futures were up 25 cents to $74.47 a barrel at 0834 GMT, while U.S. West Texas Intermediate crude futures were at …
Oil Prices Flat as Investors Await U.S. Inventory Data Read More »
Amazon on Wednesday said that it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity to meet surging demand from data centers and artificial intelligence. The plans come as the owner of the shuttered Three Mile Island nuclear …
Amazon, Google Make Dueling Nuclear Investments to Power Data Centers with Clean Energy Read More »
Share auction to pay for expropriations and defaults stalled Creditors in Texas, New York courts seek to ‘jump’ priority HOUSTON, Oct 15 (Reuters) – ConocoPhillips (COP.N) has filed a court motion to preserve the U.S. oil producer’s almost top priority among Citgo Petroleum creditors to cash proceeds from an auction of shares in the parent …
ConocoPhillips Seeks to Keep Priority as Creditor in Citgo Auction Read More »
Fossil fuels have created unprecedented safety from extreme weather—and the recent hurricanes would’ve been far worse without them By Alex Epstein Myth: Hurricanes Helene and Milton show that we’re experiencing unprecedented danger from extreme weather thanks to fossil fuels. Truth: Fossil fuels have made us much safer from extreme weather—and the recent hurricanes would’ve been far …
Berkshire Hathaway Energy’s 0.8-bcfd Cove Point LNG export plant in Lusby, Maryland, returned to production on Saturday, three weeks after it shut down for annual maintenance, according to data from financial firm LSEG. The plant is one of the smallest U.S. LNG export facilities, but with low gas prices since March this year, any loss …
Cove Point LNG in Maryland Returns to Production Read More »
U.S. natural gas futures held near a three-week low on Tuesday on expectations mild weather over the next two weeks will keep demand low. Front-month gas futures for November delivery on the New York Mercantile Exchange remained unchanged at $2.490 per million British thermal units (mmBtu) at 8:11 a.m. EDT (1211 GMT). On Monday, the …
US Natgas Prices Hold Near 3-Week Low on Mild Weather Forecasts Read More »
Nabors Industries on Tuesday agreed to buy drilling services provider Parker Wellbore as the oilfield services company aims to expand its global drilling business. The company would acquire Parker Wellbore for 4.8 million shares of Nabors’ common stock, subject to a share price collar, and the assumption of net debt of about $100 million. As …
Oilfield Services Firm Nabors Industries to Buy Parker Wellbore Read More »
Alphabet Inc.’s Google is investing in the development of the next generation of nuclear power, backing a company that’s building small modular reactors and agreeing to purchase energy once the sites start supplying US grids. Google signed an agreement with Kairos Power to construct a series of so-called SMRs that use molten-salt cooling technology. The move …
Google Backs Buildout of Small Nuclear Reactors in Kairos Deal Read More »
