VIENNA (AP) — Iran has converted most of a nuclear stockpile that it could have turned quickly into weapons-grade uranium into less volatile forms as part of a deal with six world powers, the U.N. atomic agency reported Thursday.
The development leaves Iran with substantially less of the 20-percent enriched uranium that it would need for a nuclear warhead. Iran denies any interest in atomic arms. But it agreed to some nuclear concessions in exchange for a partial lifting of sanctions crippling its economy under the deal, which took effect in January.
PARIS (AP) — Small underground nuclear power plants that could be cheaper to build than their behemoth counterparts may herald the future for an energy industry under intense scrutiny since the Fukushima disaster, the incoming head of the Nuclear Energy Agency told The Associated Press.
Size is relative — the modular plants could be about as big as a couple of semi-trailers — easily fitting on the dimensions of coal plants they're ultimately intended to replace in the U.S. They would have factory-built parts that are slotted together like Lego blocks and hauled by train or truck — making assembly possible anywhere.
The Nuclear Regulatory Commission is conducting a special inspection at a facility in Wilmington, N.C. that converts uranium gas into solid pellets after problems were found with safety equipment, Platts reports.
TEHRAN, Iran (AP) — Iran's nuclear chief has raised concerns for the fate of the country's only running atomic power plant amid talks with the West about a final deal to curb Tehran's controversial nuclear program, a newspaper reported on Monday.
The government-run daily "Iran" quoted Ali Akbar Salehi, the Iranian negotiator in talks with six world powers, as saying that Iran needs 30,000 more centrifuges to enrich uranium and produce enough nuclear fuel to run its Bushehr power plant for a year.
World powers negotiating a final nuclear deal with Iran want a reduction — not an increase — in the number of centrifuges Tehran is operating to remove concerns that the Islamic Republic may use its enrichment capabilities to build a nuclear weapon.
Westinghouse Electric Co. says Ukraine has extended for five years a deal for the company to supply it with nuclear fuel for two reactors, an agreement which had been due to expire in 2020, The Wall Street Journal reports.
RAPID CITY, S.D. (AP) — The U.S. Nuclear Regulatory Commission has issued an operating license for a proposed uranium mine in western South Dakota's Black Hills, though it isn't the only hurdle for the project and opponents say they'll fight the move.
The federal commission said in a statement that a review "concluded the proposed facility can operate safely, including management of radiological and chemical hazards, groundwater protection, and eventual cleanup and decommissioning."
PRAGUE (AP) — Czech state-run power utility CEZ says it has canceled a tender to build two more nuclear reactors at the Temelin power station because falling electricity prices have made the multi-billion dollar project less feasible.
U.S.-based Westinghouse Electric Co. and a consortium led by Russia's Atomstroyexport were bidding to build the reactors.
The U.S. embassy is Prague said in a statement the U.S. government was "deeply disappointed" by the decision.
MOSCOW (AP) — A senior Russian diplomat on Wednesday angrily rejected U.S. warnings against striking an oil-for-goods contract with Iran, saying that Moscow wouldn't be intimidated by threats.
Deputy Foreign Minister Sergey Ryabkov said in remarks carried by the state RIA Novosti news agency that an increase in Russian-Iranian trade is a "natural process that doesn't involve any elements of political or economic challenge to anyone."
Russian business daily Kommersant has reported that Moscow plans to buy 500,000 barrels of Iranian oil a day, a deal that would shatter an export limit defined by an interim nuclear agreement world powers and Iran reached last year.
The GOP chorus denouncing the Environmental Protection Agency move to lower the ozone standard was joined by House Majority Leader Rep. Kevin McCarthy, R-Calif., senior figures on the House Energy and Commerce Committee, as well as Sen. John Thune, R-S.D., who is chairman of the Republican Senate caucus, The Hill reports.
Ahead of the OPEC meeting in Vienna, oil prices recovered Wednesday from earlier drops triggered by word of a greater-than-expected increase in U.S. crude inventories as well as a comment from Saudi Arabia's oil minister that there would be no need for a production cut. West Texas Intermediate crude for January delivery slipped just 3 cents to $74.06 a barrel on the Nymex, while in London Brent was 5 cents lower to $78.28, Bloomberg reports.
Freeport LNG has closed on financing deals – from Japanese sources -- for two of three planned liquefaction trains at its export facility, and should begin construction on its plant in Quintana, Texas this week, with operation projected to start in 2018, FuelFix reports.
Uranium prices are on track for an 18 percent increase in 2014, which would be the first annual gain for the energy commodity in four years and make it the best performing category in the sector, Bloomberg reports.
Nearly all of the claims dealt with through the settlement process after the 2010 BP Gulf of Mexico spill were handled correctly, according to a third party audit released Tuesday by claims administrator Patrick Juneau, The Times-Picayune reports.
The legal fight over the Environmental Protection Agency’s Waters of the U.S. rule could revolve around what’s meant by the words “adjacent” and “neighboring,” as well as how the regulation defines a flood plain, E&E reports.
After a shareholder lawsuit filed to stop the $2.86 billion merger announced in June between C&J Energy Services and the fracking business of Nabors Industries, a judge in Delaware Tuesday ordered a 30-day suspension to allow for competing offers, but C&J said it would appeal, FuelFix reports.
Oncor’s proposal to install battery storage across the grid in Texas is coming in for criticism from a state lawmaker – Republican State Sen. Troy Fraser said his support for the $5.2 billion project came before he realized an increase in transmission rates would be part of the package, The Dallas Morning News reports.
Speaking about the failure of Google’s renewable energy project RE<C, two engineers, writing in IEE Spectrum recently, said trying to fight climate change using only existing technologies like wind and solar energy won’t work, Fox News reports.