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.
WASHINGTON (AP) — World powers and Iran still face significant gaps in their negotiations to curb Tehran's nuclear program, foreign ministers said Tuesday while forging ahead with efforts to secure a deal that could finally bridge a decades-long diplomatic chasm between the Islamic republic and the West.
Sunday's deadline for an agreement could be extended, but that issue is controversial, too. And without an accord on the nuclear talks, the U.S. risks losing opportunities to negotiate with Iran on other pressing regional issues, including sectarian fighting in Syria and Iraq that is threatening to rip apart the Mideast.
Some ten percent of natural gas produced in drilling fields like those in the Bakken and Eagle Ford shale – most of which is methane -- leaks into the atmosphere, according to a study published in the journal Earth’s Future, E&E reports.
An increase in a Chinese manufacturing index combined with faster-than-expected growth in European industrial activity helped boost oil prices early Thursday. U.S. benchmark crude gained 20 cents to $80.72 a barrel in electronic trading on the Nymex, while in London Brent crude was up 25 cents to $84.96, Reuters reports.
California Resources Corp., a production unit that Occidental Petroleum Corp. is planning to spin off next month, saw a drop in net income to $188 million from July to September, which it attributed to lower crude prices and higher production costs, FuelFix reports.
Kinder Morgan’s $44 billion move to combine its companies will go to shareholders for a vote Nov. 20, the company said Wednesday, claiming the step “paves the way for superior growth,” FuelFix reports.
With $9.5 million laid out so far this year on lobbying -– according to figures in disclosure reports filed with the Senate –- Koch Industries has outspent Exxon Mobil and funneled significantly more into advocacy than it did in 2013, E&E reports.
Cabot Oil & Gas and Vera Scroggins return to court in Pennsylvania next week in another chapter of their long-running legal fight, with the 63-year-old anti-fracking activist potentially facing fines or time in prison, NPR’s StateImpact Pennsylvania reports.
State Department energy envoy Amos Hochstein says the federal government won’t get involved in the dispute between Baghdad and the Kurdistan Regional Government in Iraq over ownership of oil on board the tanker United Kalavrvta, which has been sitting off the coast of Galveston for months, Platts reports.