CHEYENNE, Wyo. (AP) — Six workers at a Wyoming uranium mine inhaled the radioactive element while cleaning up a spill inside a processing building just days before the mine delivered its first shipment last year, according to the Nuclear Regulatory Commission.
The workers' urine tested positive for uranium at close to seven times the federal agency's permissible level, the federal agency alleges in a Nov. 14 violation notice against Lost Creek LLC ISR, a subsidiary of Littleton, Colorado-based Ur-Energy.
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.
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.
Even as the Obama administration is shutting some doors to drilling in Alaska, it plans to open up the Atlantic, with an announcement expected from the Interior Department soon, sources tell National Journal.
The industry practice of drillers using a trade secret designation to avoid disclosing which chemicals they use in fracking will get new restrictions, under a legal settlement agreed in Wyoming between environmental groups, state regulators and oilfield services company Halliburton, the Casper Star-Tribune reports.
The capital and exploration budget for Hess Corp. will drop by 16 percent to $4.7 billion in its 2015 outlay, the company said, adding that the number of rigs it plans to operate will drop by nearly half to an average of 9.5, FuelFix reports.
Oil gained in trading early Monday but failed to shoot up substantially despite a prediction from OPEC’s Secretary General that prices could end up as high as $200 a barrel. West Texas Intermediate crude for March delivery rose 13 cents to $45.28 a barrel in electronic trading on the Nymex, while in London Brent increased 27 cents to $48.43, Bloomberg reports.
The drop in rig count that has followed the slide in oil prices won’t dent U.S. crude production too much in 2015, assuming that prices begin to recover in the later part of the year, according to statistics from the Energy Information Administration, The Hill reports.
Companies may be cutting back their exploration and drilling this year as a result of the drop in oil and gas prices, but those who are well positioned will likely be looking to pick off rivals instead, which could lead to an upsurge in mergers and acquisitions, the Pittsburgh Post-Gazette reports.
Former BP executive David Rainey has seen his request to have the U.S. Supreme Court hear his appeal in an obstruction of Congress case rejected: He stands accused of lying to lawmakers about the severity of the Deepwater Horizon disaster in 2010, Reuters reports.
The coal trade in January will be affected by winter weather, as a trade association official told Platts that at least one barge in Lake Superior was unable to load its cargo as a result of icing, and others were likely delayed.
Having spent $305 million five years ago to purchase the San Francisco-based solar company Recurrent Energy, Sharp Corp. reportedly has found a buyer for the unit above the initial purchase price, sources tell Bloomberg.
In a fresh tilt at net metering, Hawaii Electric has applied to the state’s Public Utilities Commission to phase out the existing program of issuing credits to customers with solar panels who supply electricity back to the grid, as the utility claims they are not paying their fair share of grid maintenance, E&E reports.