Early this month, the federal budget outlined plans for a significant push toward nuclear energy as part of India’s long-term energy transition strategy. The government now targets the country to have 100 GW of nuclear power generation capacity installed by 2047, “positioning nuclear energy as a major pillar in India’s energy mix,” the cabinet said.
“The terrorist strike was delivered using seven unmanned aerial vehicles loaded in addition to explosives with shrapnel. The attack was timed, aiming to not only disrupt service of the facility but also cause casualties among the station’s operations personnel,” CPC said in a statement.
U.S. gasoline prices have resumed their uptrend, with AAA reporting the national average at $3.161 per gallon of regular compared to $3.139 a week ago and $3.115 a month ago. The national average price of diesel has increased 0.8 cents and now stands at $3.632 per gallon.
Brazilian President Luiz Inacio Lula da Silva is pressuring the country’s environmental regulators to approve oil drilling near the mouth of the Amazon River, arguing that revenue from this new fossil fuel supply could help finance a transition to green energy. Located in the Equatorial Margin, the offshore site, Bloc 59, is about 160 kilometers (99 miles) off Brazil’s eastern coast. Brazil’s environmental regulator rejected a license in 2023, citing issues such as the risk of oil spills that could affect one of the world’s most biodiverse regions. State-run oil giant Petrobras (NYSE:PBR) estimates the potential reserves in the basin at 10 billion barrels.
Woodside has talked to at least three potential partners for the Louisiana LNG project, Reuters has reported, citing unnamed sources as saying the suitors include Japan’s JERA and Tokyo Gas, along with Aramco-backed MidOcean Energy.
In a bid to revitalise Ghana’s declining oil and gas sector, Energy Minister John Jinapor has met with members of the Ghana Upstream Petroleum Chamber to discuss key challenges and potential solutions.
West Texas Intermediate’s front-month futures were trading at as little as 1 cent more per barrel than contracts for the next month out, down from a premium of $1.52 about a month ago. It’s the weakest the so-called prompt spread has been since November, when it turned negative in a bearish structure known as contango. WTI’s March futures slid to settle below $71 a barrel.
In the days leading up to Trump’s inauguration Jan. 20, oil refiners in Asia scoured for alternative supplies in case his administration crimped access to Iranian or Russian barrels. But some of those concerns ebbed after the announcement of his first measures, which concentrated on just three tankers.
Type One Energy Group has secured an exclusive license to use Commonwealth Fusion System LLC’s high-temperature superconducting (HTS) cable technology to develop its proprietary stellarator fusion magnets. Type One Energy said in a media release the licensing agreement allows it to benefit from CFS’ experience in manufacturing the world’s most powerful HTS fusion magnets.
Aker BP’s net production for the quarter was 41.3 million barrels of oil equivalent (MMboe), up from 38.2 MMboe in the previous quarter, which corresponds to a daily average of 449,200 barrels of oil equivalent per day (boepd), compared to 414,700 boepd in the third quarter.