Aramco announces third quarter 2022 results Q3 net income rises 39% YoY to $42.4 billion; free cash flow increases to a record $45.0 billion

NuScale and Prodigy have been collaborating since 2018 under a Memorandum of Understanding (MOU) aimed at bringing a competitive North American SMR marine facility to market – a product that can generate safe, affordable, and reliable electricity at grid-scale at any coastal location worldwide.

The Darlington New Nuclear Project will be a 300 MWe small modular reactor (SMR), which is to be built next to OPG's existing Darlington nuclear power plant in Clarington, Ontario.

Qatar is carrying out another expansion plan, North Field East, which will cost almost $30 billion and is set to send out its first shipments in 2026. Some supply agreements have already been finalized for that project, Kaabi said.

The new agreement builds on the teaming agreement signed in November 2021 under which Hyundai E&C will perform the detailed design of the balance of plant and prepare the full plant construction specification for the SMR-160, which Holtec has been developing since 2010.

“Working with Canadian entities, such as Laurentis Energy Partners, will allow us to learn from the first planned BWRX-300 deployments in the world, to accelerate project development in Poland.”

UK seeking to build on its established fusion research and resources and help make fusion energy a reality within the next few years.

According to preliminary data, Gazprom produced 327.4 billion cubic meters of gas from January 1 through October 15, 2022. This is a decrease of 18 per cent (or 72 billion cubic meters) versus the same period of last year.

Finnish utility Fortum has launched a two-year feasibility study to examine the prerequisites for nuclear new build in Finland and Sweden.

The MRF is supported by the UK government's National Nuclear User Facility and Fusion Foundations programme. It is also part of the Henry Royce Institute for Advanced Materials and bridges the gap between university and nuclear licensed site laboratories.

Brookfield Renewable, together with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%. Closing of the transaction is expected in the second half of 2023, subject to certain conditions, including approval from Brookfield Business Partners unit holders and regulatory approvals.

ČEZ has plans for three new nuclear units in the Czech Republic, and earlier this year said it had allocated space at its Temelin nuclear power plant as a possible site for the country’s first SMR.

According to KEPCO, the cost for producing 1 kWh using LNG amounts to KRW170 (US$11c), compared with about KRW96 (US$7c) for coal.

To take the group private, the French government will spend €9.7bn, including transaction costs.

Russia and Brazil already have ties in the nuclear energy field with an MoU signed in 2017 by Rosatom and Brazil’s Electrobras and Electonuclear to promote cooperation in nuclear power.