A US start-up has formally entered the running to build four micro-nuclear plants in South Wales without a dime from the taxpayer. Washington-based Last Energy on Monday announced confirmation from the Office for Nuclear Regulation (ONR) that it had entered the nuclear site licensing process for the plans. The ONR’s notice follows seven months of...Continue Reading

Global Warming May Be Reducing Wind Speeds in Europe | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 17, 2025, 11:30 AM CST Global warming makes Europe’s summers less windy, which reduces wind power generation and could strain European electricity systems which are increasingly relying...Continue Reading

Upstream Oil Investment Needs 30% Boost to Meet Demand | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Feb 17, 2025, 11:00 AM CST The slow pace of the energy transition,...Continue Reading

bp has announced the start of production from the second development phase of the Raven field, offshore Egypt, which involves the subsea tieback of additional Raven infill wells to its existing onshore infrastructure as part of the West Nile Delta (WND) project. SourceContinue Reading

Drone Attack in Southern Russia Disrupts Kazakhstan’s Oil Flows | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 17, 2025, 10:00 AM CST A drone attack on a major pumping station of a pipeline in southern Russia on Monday disrupted crude oil flows from Kazakhstan,...Continue Reading

Ukrainian President Volodymyr Zelenskyy has declined a proposal by U.S. President Donald Trump to acquire approximately 50% of Ukraine’s rare earth mineral rights. Valued at several trillion dollars, Ukraine’s mineral reserves include lithium, titanium, and graphite which are essential for high-tech industries. The proposal was delivered by U.S. Treasury Secretary Scott Bessent as part of...Continue Reading

India’s Top Power Firm to Invest $62 Billion in Nuclear Capacity | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 17, 2025, 9:00 AM CST NTPC, the state power firm and largest electricity producer in India plans to invest over the next two decades $62...Continue Reading

Russia and U.S. to Discuss Relations in Saudi Arabia Meeting | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Feb 17, 2025, 9:00 AM CST Volodymyr Zelenskyy...Continue Reading

Russia Claims OPEC+ Has Not Discussed Delaying Its Oil Supply Increase | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 17, 2025, 8:00 AM CST OPEC+ has not discussed delaying...Continue Reading

SBM Offshore has been awarded a study with PETROBRAS for the application of Carbon Capture Modules on FPSOs. This compact modular solution allows a significant reduction of the overall emissions associated with oil and gas production from FPSOs. SourceContinue Reading