News
2024, January, 11, 06:40:00
GLOBAL ENERGY TRANSITION & POVERTY
Energy poverty has spread through industries heavily dependent on energy, resulting in the loss of jobs and the relocation of industries to countries more concerned about economic development than reducing carbon dioxide emissions.
2024, January, 11, 06:35:00
SOLID-STATE EV BATTERY TECHNOLOGY
A solid-state EV battery functions similarly to a lithium-ion battery, but with a significant difference in the electrolyte. Instead of using a gel or liquid electrolyte, solid-state batteries employ a separator that allows ions to flow from the anode to the cathode.
2024, January, 11, 06:30:00
WORLDWIDE RIG COUNT DOWN 55 TO 1,739
The Worldwide Rig Count for December was 1,739, down 55 from the 1,794 counted in November 2023, and down 95, from the 1,834 counted in December 2022.
2024, January, 9, 07:00:00
OIL PRICE: BRENT ABOVE $76, WTI NEAR $71
Brent frose 18 cents, or 0.2%, to $76.30 a barrel. WTI inched up 0.1%, or 6 cents, to $70.83 a barrel.
2024, January, 9, 06:55:00
U.S., RUSSIAN OIL SANCTIONS
The US Treasury Department announced the steps Wednesday, including sanctions on Bellatrix Energy Ltd., a Hong Kong-based firm among the shadowy traders that emerged to help Russia keep its oil exports flowing.
2024, January, 9, 06:50:00
RUSSIAN LNG DREAMS
Russia is eyeing the Northern Sea Route across the Arctic Ocean to supply the cargoes to the east, to cut the time and cost of bringing its fuel to market.
2024, January, 9, 06:45:00
RUSSIAN LNG 2 UNDER SANCTIONS
Russia’s Novatek PJSC, which leads the Arctic LNG 2 project, sent force majeure notices to some of the facility’s buyers,
2024, January, 9, 06:40:00
RUSSIAN FLOATING NUCLEAR CONSTRUCTION
“The concept assumes that we do not sell power units as something separate. We sell the electricity that is generated using the floating units. For the customer, this means that it does not matter where and how the unit is built. The customer does not take part in its construction. The construction, fuel loading and subsequent operation of the station is provided by Rosatom,” Nikipelov said.
2024, January, 9, 06:35:00
FRANCE, SWEDEN NUCLEAR COOPERATION
France and Sweden will "promote a regulatory, industrial and financial framework favourable to the realisation of nuclear installation projects with a high level of safety and ensuring institutional support for nuclear energy in compliance with the principle of technological neutrality and with the objective of strengthening Europe's sovereignty and energy security".
2024, January, 9, 06:30:00
S.KOREA, NETHERLANDS NUCLEAR COOPERATION
South Korea’s industry ministry said it had signed a Memorandum of Understanding with the Dutch Economic Affairs ministry to support the new plant order. KHNP signed a memorandum of understanding with the Netherlands’ Economic Affairs & Climate Policy Ministry on the feasibility study.
2024, January, 9, 06:25:00
U.S. URANIUM BEGINNING
Production will be fully ramped up at the Pinyon Plain, La Sal and Pandora mines by mid- to late-2024, by which time Energy Fuels said it expects to be producing uranium at a run-rate of 1.1 to 1.4 million pounds per year,
2023, December, 28, 07:00:00
DEEP DECARBONIZATION OF ENERGY
Replacing fossil fuel-based power generation with power generation from wind and solar resources is a key strategy for decarbonizing electricity. Storage enables electricity systems to remain in balance despite variations in wind and solar availability, allowing for cost-effective deep decarbonization while maintaining reliability.
2023, December, 21, 07:00:00
OIL PRICE: BRENT ABOVE $79, WTI NEAR $74
Brent fell 22 cents, or 0.3%, to $79.48 a barrel. WTI was at $74 a barrel, also down 22 cents or 0.3%.
2023, December, 21, 06:40:00
GLOBAL NUCLEAR POWER INCLUSION
For the first time since the annual climate summits commenced in 1995, the 198 signatory countries to the UN Framework Convention on Climate Change (UNFCCC) officially called for accelerating the deployment of low-emission technologies including nuclear energy to help achieve deep and rapid decarbonization, particularly in hard-to-abate sectors such as industry and through the low carbon production of hydrogen.
2023, December, 21, 06:35:00
INDIA'S ENERGY DEMAND WILL UP
In November, days ahead of the UN Climate Change Conference in Dubai, India's power minister RK Singh said the country would need to add 80 GW of new thermal capacity by 2031-2032 to meet demand.