At World Nuclear Symposium 50, the latest edition of World Nuclear Fuel Report: Global Scenarios for Demand and Supply Availability 2025-2040 was published.The report maintains the upward trend in nuclear generating capacity projections from the previous editions, as the positive momentum for nuclear power continues to grow. In addition to climate change mitigation and supporting...
Category: International
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US to build ‘historic’ 6,000-megawatt nuclear plant powering 4.5 million homes
The Tennessee Valley Authority (TVA) has entered into an agreement with ENTRA1 Energy to develop up to 6 gigawatts (GW) of new nuclear power. It involves the construction of six new nuclear plants across TVA’s seven-state service region. Each of these new facilities will be powered by 12 individual NuScale Power Modules (NPM). This collaboration...
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Petronas Brazil field draws interest from several potential bidders
(Bloomberg) – PRIO SA, Brava Energia and BW Energy Ltd are considering buying Petroliam Nasional Berhad’s stake in the Brazilian oil field Tartaruga Verde to expand in Latin America’s largest producing country, according to people familiar with the matter.The three companies are among those that have signed non-disclosure agreements as they weigh a possible bid,...
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Global nuclear industry meets in London to “Energize the Future Now”
Global nuclear industry meets in London to “Energize the Future Now”World Nuclear Association Director General, Dr Sama Bilbao y Leon calls for “bold, visionary leadership to accelerate nuclear deployment”. Secretary Wright, U.S. Department of Energy, promises to “re-establish the US as a global leader in nuclear energy” addressing 50th World Nuclear SymposiumIn 2024, nuclear reactors...
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World Nuclear Association Welcomes Microsoft Corporation as Newest MemberTech Company’s Membership Signals Nuclear Power’s Central Role in Powering the AI Revolution
Issued 3 September 2025 LONDON, UK The World Nuclear Association has proudly announced that Microsoft Corporation, one of the world’s leading technology companies, has officially joined as its newest member. This landmark membership underscores the growing recognition of nuclear energy as an essential foundation for powering the digital economy and achieving ambitious climate goals. A...
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Oil settles higher on weaker dollar and Russian supply disruptions
Global benchmark Brent crude oil settled 1% higher on Monday, as concerns mounted that intensifying airstrikes in Russia and Ukraine could lead to supply disruptions, and as a weaker dollar lent additional support.Brent crude futures settled up 67 cents, or 1%, at $68.15 a barrel. The U.S. benchmark, the West Texas Intermediate futures contract ,...
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Brazil’s Petrobras lowers jet fuel prices by 3.7%
Brazilian state-run oil company Petrobras (PETR3.SA), opens new tab will lower the average price of jet fuel sold to distributors by 3.7%, or 0.13 real ($0.0240) per liter, starting September 1, the company said on Monday.Petrobras makes monthly alterations to its jet fuel prices based on factors including oil prices and currency exchange rates.
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Saudi Arabia and India Top the List of Russia’s Fuel Oil Buyers
Russia’s fuel oil shipments went mostly to Saudi Arabia and India in July as Asia and the Middle East remain the key outlets for Moscow’s fuel oil and vacuum gasoil (VGO) amid import bans and embargoes in the West. Russia’s oil products have been banned in the EU and other Western countries since 2023, so...
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How Artificial Intelligence Is Both Driving and Derailing Decarbonization
Will Artificial Intelligence be the downfall of the clean energy transition, or the catalyst that makes it possible? The answer is complicated, and somehow contains a bit of both. Training the large language models that power AI is incredibly energy-intensive, and as models like ChatGPT and DeepSeek become increasingly complex, each individual query can rack...
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Trump withholds Venezuelan oil approval for non-U.S. majors
Bloomberg) — The Trump administration is withholding approval for several Western oil majors seeking to operate in Venezuela, ramping up pressure on Nicolás Maduro’s government even as Chevron Corp. is allowed to work there, according to people familiar with the matter.The pause is focused on non-U.S. firms, leaving companies including Spain’s Repsol SA, Italy’s Eni...