The Commission set up a European SMR pre-Partnership in June with the overall objective of identifying enabling conditions and constraints, including financial ones, towards safe design, construction and operation of SMRs in Europe in the next decade and beyond in compliance with the EU legislative framework in general and to the Euratom legislative framework in particular.

Many oil and gas, drilling, and extraction operations take place in remote locations, and in many cases, it is not possible for these processes to be fuelled by electricity from the grid. It is here that microreactors (MRs) or small modular reactors (SMRs) could provide a low carbon alternative.

The ceiling for bids from offshore wind companies in the next auction round is likely to be considerably more than this year’s £44 ($54) of guaranteed revenue per megawatt-hour of power produced, according to people familiar with the matter.

Oil ministry officials said India diversified its sources to import crude from as many as 39 nations and hoped the return of OPEC member Venezuela would add to the country's list of steady suppliers.

Addressing electric transmission capacity constraints and congestion is an existential necessity to maintain grid reliability while meeting demand.

Oxymoron: (Merriam-Webster) : a combination of contradictory or incongruous words (such as cruel kindness) broadly : something (such as a concept) that is made up of contradictory or incongruous elements

The energy system for the remote region is a standalone one run by Norilsk-Taimyr Energy Company, part of the Norilsk Nickel group. The city of Norilsk is within the Arctic circle in Russia's north, and has a population of more than 170,000 people.

The Brent crude oil price will increase from an average of $90 per barrel (b) in the fourth quarter of 2023 to an average of $93/b in 2024.

The recent visit of Russian President Vladimir Putin to Kazakhstan resulted in a raft of agreements covering a wide range of areas.

The new partnership builds on a long history of collaborative efforts in fusion energy research and development, supported predominantly in the US through the DOE Office of Science’s Fusion Energy Sciences programme and in the UK through the UK Atomic Energy Authority (UKAEA).

Global oil demand is now projected to rise by 2.4 million b/d in 2023 to 102 million b/d, but growth will decelerate to 930,000 b/d in 2024,

Brent were up 10 cents, or 0.1%, at $77.52 a barrel, WTI was nearly flat at $72.95.

Blockchain's ability to enable peer-to-peer (P2P) transactions and operate a decentralized marketplace can facilitate consumers to be the producers of energy.

The world oil demand growth forecast for 2023 is revised up marginally from the previous month’s assessment to 2.5 mb/d.

The agreement also said necessary regulations should be developed to create the conditions for the construction and operation of small modular reactors (SMRs) in Sweden. In addition, the permitting process for nuclear power plants must be shortened.

The agreement was signed by US Secretary of State Antony Blinken and Philippine Department of Energy Secretary Raphael Lotilla on the sidelines of the 30th Asia-Pacific Economic Cooperation Leaders' Summit in San Francisco. The signing was witnessed by Philippine President Ferdinand Marcos.

The Paks II project was launched in 2014 by an inter-governmental agreement between Hungary and Russia for two VVER-1200 reactors (units 5&6) to be supplied by Rosatom.

Kazakhstan’s National Atomic Company Kazatomprom has signed a contract for the supply of natural uranium concentrate with China National Uranium Corporation Limited (CNUC - a subsidiary of China National Nuclear Corporation).

The European Commission hopes to introduce a "requirement for attestations to also include itemized ancillary costs, such as insurance and freight," on top of a declaration on the price paid for the Russian oil.

Ministers from OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, meet on Sunday in Vienna.