WASHINGTON (AP) — The Democratic and Republican senators largely responsible for tough sanctions on Iran are warning of more penalties if any deal with Tehran on its nuclear work is unacceptable.
Sen. Bob Menendez of New Jersey, the chairman of the Foreign Relations Committee, and GOP Sen. Mark Kirk of Illinois said in a statement Wednesday that a good deal must dismantle, not stall, Iran's nuclear program. They said it must prevent Tehran from being on the cusp of becoming a nuclear weapons state.
The U.S. Bankruptcy Court in Delaware last week approved restructuring plans for uranium enrichment company USEC, which will enable it to emergy from Chapter 11 bankruptcy protection as Centrus Energy Corp., Platts reports.
NEW DELHI (AP) — Australia's Prime Minister Tony Abbott met with his Indian counterpart Friday on a two-day state visit during which they are expected to sign a deal to allow the export of Australian uranium to India for use in power generation.
The agreement is expected to be signed Friday evening. Australia, which has almost a third of the world's known uranium reserves, imposes strict conditions on uranium exports and India's failure to sign the Nuclear Non-proliferation Treaty had long been a barrier to a trade deal.
TEHRAN, Iran (AP) — Iran inaugurated a new plant Saturday to convert a type of uranium into a material that cannot be used to make nuclear weapons as part of its interim atomic deal with world powers, its official news agency reported.
The report by IRNA quoted Ali Akbar Salehi, the head of Iran's nuclear agency, saying that the plant will convert uranium hexafluoride, which can be used to make nuclear weapons and fuel. It will become uranium dioxide, which can only be used in nuclear reactors, he said.
Japan's move to vouch for the safety of two idled reactors is a step toward a nuclear restart in the country, a development market analysts say could boost struggling uranium prices, Bloomberg reports.
The Federal Energy Regulatory Commission Thursday adopted a new rule -– to be enforced in 2016 -- ordering utilities to identify key points that, if disrupted, would cause blackouts, and take steps to protect them, The Wall Street Journal reports.
The Republican-controlled House on Thursday approved H.R. 4795, which would require the Environmental Protection Agency to provide to the public information on the pre-construction permits it issues under the Clean Air Act, The Hill reports, noting that lawmakers passed the measure in the face of a veto threat from the White House.
China’s move to cut its interest rates sent oil higher early Friday. West Texas Intermediate crude for January delivery jumped 2 percent, or $1.55, to $77.40 a barrel in electronic trading on the Nymex, while in London Brent crude gained $1.67 to $81, Bloomberg reports.
Exxon Mobil is now the fourth-biggest oil company worldwide, according to Petroleum Intelligence Weekly’s annual list, behind Saudi Aramco, National Iranian Oil Company and China National Petroleum Corp., FuelFix reports.
The step by Baker Hughes to stop using the trade secret designation to avoid disclosing chemicals used in the fracking process could be jeopardized when the company is bought by Halliburton, which has opposed disclosure moves, FuelFix reports.
The natural gas contract for December delivery closed out on the Nymex Thursday at $4.489 per million British thermal units, an increase of 11.8 cents, on continuing cold weather and a report of greater-than-expected storage withdrawal, Platts reports.
With the fall in oil prices making it more challenging to profit from drilling, Apache Corp. announced it would be substantially reducing its capital spending in North America to $4 billion next year, although it still anticipated a 4 percent increase in production from the region, Reuters reports.
Spanish company Iberdrola Renewables’ proposal to build a solar facility next to a wind farm in a corner of the Mojave Desert has been rejected by the Bureau of Land Management on the grounds that it would disturb a remote area that has wildlife as well as historical, recreational and scenic value, the Los Angeles Times reports.
Energy Department Inspector General Gregory Friedman, who determined last month that he couldn’t reach a conclusion regarding the firing of Hanford whistleblower Donna Busche, wrote to Energy Secretary Ernest Moniz in April complaining that contractors involved were not cooperating in getting him interviews he’d requested with employees, according to a memo obtained by E&E through the Freedom of Information Act.