Triso-X can use HALEU uranium to make reactor fuel
The U.S. Nuclear?power regulator announced on?Friday that it had issued a license to?Triso X for the use of a more-enriched uranium, known as HALEU, for making a fuel for high-tech commercial nuclear reactors. Triso-X is a subsidiary company of X-energy and plans to manufacture TRISO fuel in Oak Ridge Tennessee. This fuel contains uranium that has been coated with hard ceramics and carbon layers. Ho K.
Caturus signs a 20-year LNG Supply Deal with Saudi Aramco
U.S. Gas Producer 'Caturus' said on Friday that its unit, Commonwealth LNG, had signed a twenty-year agreement with Saudi Aramco to supply 1,000,000 tonne per year of lNG from?its proposed Louisiana Export Project. The U.S. is working hard to surpass Qatar and Australia as the largest LNG exporter in the world. Since President Donald Trump lifted the pause on export permits last summer, commercial activity in the LNG sector has risen.
US permits oil majors to resume Venezuelan operations and broadly approves new energy investment
The U.S. eased its sanctions against Venezuela's energy industry on?Friday. It issued two general licenses allowing global energy companies? to resume oil and?gas operations in the OPEC?member?and other companies?to negotiate??contracts? on investments in???new???energy operations?. The Treasury Department’s Office of Foreign Assets Control has issued a license allowing Chevron BP Eni Shell Repsol and Repsol resume their oil and gas operations.
Trump ends US vehicle emission standards, revokes climate regulations
On Thursday, the administration of President Donald Trump announced that it had repealed a scientific conclusion that greenhouse gasses endanger human life and removed federal tailpipe emission standards for cars and trucks. The administration has rolled back its climate change policies in the most dramatic way possible, following a series of regulatory changes and…
Can Africa win the mineral race between China and the West? Russell
Two rail projects worth billions of dollars are underway in Africa. One project was aimed westward, and the other eastward. The one backed by Western nations, the other by China. Both aim to ship huge quantities of vital minerals. Welcome to the new race for Africa. It is estimated that the Lobito rail line will cost $6 billion when it's completed in 2030. The track will cover 1…
Vitol CEO: Oil supply is squeezed by geopolitical factors
Vitol CEO Russell Hardy stated on Thursday that the global oil market has tightened despite predictions of an 'oversupply'. U.S. sanctions have limited the?outlets? for Russian and Iranian oil, which is causing a?increase in demand for oil from alternative sources. Due to sanctions, Russia and Iran have become increasingly dependent on China. India has agreed to stop buying Russian oil under the pressure of U.S. president Donald Trump.
Gulf stock markets fall due to US-Iran tensions and earnings.
Stock markets in the Gulf slowed in early trading on Thursday, pressured both by a lacklustre earnings report and investor unease over tensions between the United States and Iran. U.S. president Donald Trump met with Israeli prime minister Benjamin Netanyahu on a Wednesday. He later stated that they hadn't reached a "definitive agreement"?regarding Iran but stressed that negotiations would continue.
Can Africa win the mineral race between China and the West? Russell
Two rail projects worth billions of dollars in Africa. One project was aimed west and the other east. The one backed by Western nations, and the other by China. Both aim to ship huge quantities of critical minerals. Welcome to the new race for Africa. It is estimated that the Lobito rail line will cost $6 billion when it is completed in 2030. The 1,050 km (1,700…
Energy secretary warns against legitimacy of Chinese deals
Chris Wright, the U.S. secretary of energy, urged on Wednesday that the U.S. invest more in Venezuela during the most high-level visit to the U.S. focused on energy policies in almost three decades. Wright also warned about the legitimacy of Chinese companies in the OPEC nation. Wright stated that the U.S. After a meeting with the Interim President, Delcy Rodriquez, at the Miraflores Presidential Palace in Caracas, the U.S.
SOLV Energy's Nasdaq debut earns it a valuation of $6 billion
SOLV Energy shares grew 20% on 'Wednesday in New York, valuing the firm at $5.98 billion. This highlights a'strong rebound in IPO activity in - 2026. The shares opened at $30, which is above the $25 price at which they sold 20.05 million shares to raise $512.5 millions on Tuesday. The U.S. Federal Reserve has cut interest rates to the end of the year 2025. This has helped improve pricing conditions…
Andy Home, Andy Home: The US and Canada are now working together to secure critical minerals.
The U.S. president Donald Trump just announced "Project Vault", an $12 billion stockpile of critical minerals intended to protect U.S. manufacturing companies from disruptions in supply. The U.S. will need help to fill the Vault with 60 minerals that are currently classified as "critical". The U.S. is reviving friend-shoring as it seeks to form a metal alliance with China to break its stranglehold on the metals at the heart of modern technology.
Norway Wealth Fund seeks investment in battery storage as the market matures
Norway's sovereign fund announced on Wednesday that it hopes to make its initial investments in battery storage systems. This reflects the increasing importance of batteries for stabilising increasingly intermittent electricity markets. Since 2021, the $2.2 trillion sovereign fund, 'the largest in the world,' has invested in renewable energy infrastructure that is not listed…
Russia claims US restrictions on its involvement in Venezuela's oil industry are discriminatory
Foreign Minister Sergei Lavrov stated on Wednesday that the new U.S. restrictions imposed on Russia and other countries' role in Venezuela's petroleum business was blatantly discriminatory. The Kremlin also said it would clarify this matter with Washington. The U.S. Treasury Department issued a license on Tuesday to facilitate exploration and production in Venezuela.
Saudi and US firms partner on northeast Syria Energy Project
Two people with direct knowledge of the plan say that Saudi Arabian and U.S. firms will form a consortium to explore and produce oil and gas in the northeastern part of Syria. Sources said that Baker Hughes, Hunt Energy, and Argent LNG plan to partner with TAQA on the project. The project would cover four to five exploration blocks in the northeastern area. The project…
EU meets in Belgian castle for economic rivalry with US and China
Leaders of the European Union gather at a castle in Belgium on Thursday to discuss how they can compete with a global competitor like China, and a less reliable allie like the U.S. as the rules-based order is thrown into disarray. Over the past two decades, EU growth has been consistently lower than US growth, with EU innovation and productivity, especially in AI fields, falling behind.
Andy Home, Andy Home: The US and Canada are now working together to secure critical minerals.
The U.S. president Donald Trump just announced "Project Vault", an $12 billion stockpile of critical minerals intended to protect U.S. manufacturing companies from disruptions in supply. The U.S. will need help to fill up the Vault's 60 critical minerals. The friend-shoring game is back and with a vengeance. As the U.S. tries to build a metal alliance to loosen China’s grip on the metals at the core of modern technology. The U.S.
Citgo struggles to determine its long-term strategy as the sale process is frozen, according to sources.
Citgo Petroleum, a U.S. refiner, is struggling to make important decisions regarding investments and finances because the sale of the Venezuelan parent company to an Elliott Investment Management affiliate has been frozen for months despite a U.S. court's approval of the deal. The Delaware court approved Elliott's Amber Energy affiliate's $5.9 billion offer for PDV Holding, the parent company of?Citgo?.
In January, US LNG imports accounted for almost half of Spain’s gas supply.
Data released on Tuesday showed that liquefied natural gases from the United States accounted for 44.4% of Spain's total imports of gas in January. This is a significant increase from last year. As Europe tries to reduce its energy imports from Russia following the invasion of Ukraine, the U.S. is now the dominant LNG supplier. Tariffs and the President Donald Trump's…
Saudi and US firms partner on northeast Syria Energy Project
According to two sources with knowledge of the plans, two Saudi Arabian firms and three U.S. companies are planning to form a consortium to explore and produce oil and gas in the?northeastern?Syria. The sources stated that Baker Hughes, Hunt Energy, and Argent LNG plan to partner with Saudi Arabia's ACWA Power, and TAQA to complete the project. It would cover four to five exploration blocks in the northeastern area.
Draft law shows that Germany wants renewable energy firms to pay for grid connections.
According to a draft of a law, the German government intends to charge renewables companies for connecting to the electric grid in order to meet 'the rapid?demand? for expansion. The move, which was first reported by Spiegel magazine, would replace the current ?system where companies are allowed to connect to the ?grid on a first-come-first-served basis. This is due to the sheer volume of grid connection requests facing grid operators in Germany.