Commonwealth Fusion Systems (CFS) announced on 1 December that it has closed on more than $1.8 billion in Series B funding to commercialise fusion energy. This includes capital to construct, commission, and operate SPARC, the world’s first commercially relevant net energy fusion machine.

The NuScale Power Module is a pressurised water reactor with all the components for steam generation and heat exchange incorporated into a single unit, generating 77 MWe.

Pembina Pipeline Corp has officially cancelled its US$10bn Jordan Cove LNG terminal in Coos Bay, Oregon (United States) after the company failed to secure state-issued permits and authorizations from various Oregon state agencies.

U.S. Rig Count is up 0 from last week to 569, Canada Rig Count is up 9 from last week to 180.

U.S. commercial crude oil inventories decreased by 0.9 million barrels from the previous week to 433.1 million barrels.

FERC's latest monthly "Energy Infrastructure Update" report (with data through September 30, 2021) reveals that renewable energy sources accounted for 87.61% - or 16,665 megawatts (MW) - of the 19,022 MW of new capacity added during the first nine months of the year.

Natural gas prices also had an impact on November's power prices. At the Houston Ship Channel, spot gas this November has averaged $4.788/MMBtu, down from October's $5.29/MMBtu but up from November 2020's $2.597/MMBtu.

US support for nuclear energy has grown 10 percentage points from 2018 to 2021, with 59% overall now saying they are strongly or somewhat in support.

U.S. commercial crude oil inventories increased by 1.0 million barrels from the previous week to 434.0 million barrels.

U.S. Rig Count is up 6 from last week to 569, Canada Rig Count is up 4 from last week to 171.