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America Is Betting Big on a New Generation of Small Nuclear Reactors

Sat, 09/05/2026 - 22:00
Governments worldwide are racing to develop small modular reactors (SMRs) as part of their plans for a nuclear power renaissance, with significant progress being seen in recent years. However, the United States appears to be leading the way in nuclear microreactor development, with significant investment in the technology recently announced by the U.S. Army. SMRs are advanced nuclear reactors with a power capacity of up to 300 MW(e) per unit, or around one-third of the generating capacity of a conventional nuclear reactor. They are much smaller…
Categories: Oil news

This Cattle Feedlot Turns Manure Into 1.2 Million MMBtu of Natural Gas a Year

Sat, 09/05/2026 - 20:00
A new project is seeking to turn cattle manure into a source of sustainable natural gas for energy production and shipping fuel. The initiative just broke ground in Broken Bow, Nebraska, where eight anaerobic digesters will process waste from the Adams Land & Cattle feedlot into what the project leads are hoping will be a lucrative and eco-friendly source of approximately 1.2 million MMBtu of pipeline-quality natural gas per year. “The Adams Land & Cattle RNG facility demonstrates how American agriculture can play an important role…
Categories: Oil news

Green Bonds Hit Record High Despite Persistent Challenges

Sat, 09/05/2026 - 18:00
Green bonds account for a tiny proportion of the global bond market but have significant growth potential as consumers become increasingly concerned about environmental issues, such as climate change. The issuance of green bonds could also support governments worldwide in undergoing a green transition. Green bonds contribute to projects that support the environment, such as renewable energy, clean transportation, and pollution reduction. They have become a means for governments and companies to attract investors who care about sustainability and…
Categories: Oil news

How The U.S. Fell Behind China On Nuclear Power

Sat, 09/05/2026 - 01:00
The United States is the largest producer of nuclear power in the world, solely responsible for about one-third of global output. As of today, the U.S. has 96 operating commercial nuclear reactors in 57 power plants across 28 states. However, while that fleet remains highly productive, the domestic nuclear sector is rapidly aging out. All but two of the nation’s nuclear reactors are Gen II models, meaning they were constructed before the year 2000. The average reactor age in the United States is 44, when the vast majority of those reactors…
Categories: Oil news

Will We Control AI—or Will AI Control Us?

Sat, 09/05/2026 - 00:00
The world is undergoing a transformation driven by the exponential growth of artificial intelligence (AI)—a pace of change unprecedented in human history. Consequently, many people fear massive unemployment, along with other implications that could affect their livelihoods and quality of life. Is this truly the case? Yes—or perhaps not entirely. The purpose of this short article is to explore the potential benefits of AI and its implications for human society. It is still too early to fully assess the potential benefits of AI, but they…
Categories: Oil news

BLM Moves to Fast-Track Oil Permits in Alaska Petroleum Reserve

Fri, 09/04/2026 - 23:30
The Bureau of Land Management wants to cut the permitting time for some oil and gas projects in Alaska’s National Petroleum Reserve to as little as 60 days, according to a Friday press release. The proposed rule would replace separate case-by-case reviews for qualifying production sites with a standardized process covering common, repeatable activities that BLM says have already been studied extensively. Rights-of-way and some drilling permit applications meeting predetermined criteria could receive decisions within 60 days. The National…
Categories: Oil news

BLM Moves to Fast-Track Oil Permits in Alaska Petroleum Reserve

Fri, 09/04/2026 - 23:30
The Bureau of Land Management wants to cut the permitting time for some oil and gas projects in Alaska’s National Petroleum Reserve to as little as 60 days, according to a Friday press release. The proposed rule would replace separate case-by-case reviews for qualifying production sites with a standardized process covering common, repeatable activities that BLM says have already been studied extensively. Rights-of-way and some drilling permit applications meeting predetermined criteria could receive decisions within 60 days. The National…
Categories: Oil news

Ukraine Pushes Congress for Russia Sanctions Before Election Recess

Fri, 09/04/2026 - 21:00
Ukraine’s top sanctions official says he remains optimistic about prospects for a sweeping Russia sanctions bill in the US Congress despite growing uncertainty over when the House of Representatives will take it up, as lawmakers face a sharply shortened legislative calendar ahead of the November elections. Vladyslav Vlasiuk, Ukrainian President Volodymyr Zelenskyy’s sanctions commissioner, spent this week in Washington meeting lawmakers and congressional staff as Kyiv presses Congress to advance the Lindsey O. Graham Sanctioning Russia…
Categories: Oil news

Citadel Eyes U.S. Shale as Oil Trading Moves Closer to the Wellhead

Fri, 09/04/2026 - 20:30
Citadel is shopping for U.S. oil production assets, including a previous bid for WildFire Energy before Magnolia Oil & Gas agreed to buy the Eagle Ford producer for $4.06 billion. Reuters reported Friday that the hedge fund and commodities trader has held talks with several private-equity owners of oil-weighted exploration and production companies in recent weeks. WildFire would have given Citadel roughly 53,000 barrels of oil equivalent per day of production, about 70% of it oil, plus 810,000 net acres in South Texas. Magnolia ultimately won…
Categories: Oil news

U.S. Oil Rig Count Rises as Gas Rig Activity Declines

Fri, 09/04/2026 - 20:25
The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US staying at 588, up 51 from this same time last year. The number of active oil rigs rose by 2, reaching 449 during the latest reporting period, according to the data. This is 35 above this same time last year. The number of gas rigs fell by 2 to 130, which is 12 more than this time last year. Miscellaneous rigs stayed the same at 9. The latest EIA…
Categories: Oil news

Rosneft CEO: China Calls The Shots in Oil Markets, Not OPEC

Fri, 09/04/2026 - 19:30
China and its crude oil buying behavior in the spring and summer have stabilized global oil markets as Beijing, not OPEC, is calling the shots now, according to Igor Sechin, chief executive of Russia’s biggest oil producer Rosneft. China has strengthened its position of the ultimate swing buyer on the global market and has taken the initiative from OPEC, said the executive, who is considered to be a close ally of Vladimir Putin and who has been a long-time critic of OPEC. “China has successfully turned from a major consumer and importer…
Categories: Oil news

Rosneft CEO: China Calls The Shots in Oil Markets, Not OPEC

Fri, 09/04/2026 - 19:30
China and its crude oil buying behavior in the spring and summer have stabilized global oil markets as Beijing, not OPEC, is calling the shots now, according to Igor Sechin, chief executive of Russia’s biggest oil producer Rosneft. China has strengthened its position of the ultimate swing buyer on the global market and has taken the initiative from OPEC, said the executive, who is considered to be a close ally of Vladimir Putin and who has been a long-time critic of OPEC. “China has successfully turned from a major consumer and importer…
Categories: Oil news

Rosneft CEO: China Calls The Shots in Oil Markets, Not OPEC

Fri, 09/04/2026 - 19:30
China and its crude oil buying behavior in the spring and summer have stabilized global oil markets as Beijing, not OPEC, is calling the shots now, according to Igor Sechin, chief executive of Russia’s biggest oil producer Rosneft. China has strengthened its position of the ultimate swing buyer on the global market and has taken the initiative from OPEC, said the executive, who is considered to be a close ally of Vladimir Putin and who has been a long-time critic of OPEC. “China has successfully turned from a major consumer and importer…
Categories: Oil news

Rosneft CEO: China Calls The Shots in Oil Markets, Not OPEC

Fri, 09/04/2026 - 19:30
China and its crude oil buying behavior in the spring and summer have stabilized global oil markets as Beijing, not OPEC, is calling the shots now, according to Igor Sechin, chief executive of Russia’s biggest oil producer Rosneft. China has strengthened its position of the ultimate swing buyer on the global market and has taken the initiative from OPEC, said the executive, who is considered to be a close ally of Vladimir Putin and who has been a long-time critic of OPEC. “China has successfully turned from a major consumer and importer…
Categories: Oil news

Rosneft CEO: China Calls The Shots in Oil Markets, Not OPEC

Fri, 09/04/2026 - 19:30
China and its crude oil buying behavior in the spring and summer have stabilized global oil markets as Beijing, not OPEC, is calling the shots now, according to Igor Sechin, chief executive of Russia’s biggest oil producer Rosneft. China has strengthened its position of the ultimate swing buyer on the global market and has taken the initiative from OPEC, said the executive, who is considered to be a close ally of Vladimir Putin and who has been a long-time critic of OPEC. “China has successfully turned from a major consumer and importer…
Categories: Oil news

Rosneft CEO: China Calls The Shots in Oil Markets, Not OPEC

Fri, 09/04/2026 - 19:30
China and its crude oil buying behavior in the spring and summer have stabilized global oil markets as Beijing, not OPEC, is calling the shots now, according to Igor Sechin, chief executive of Russia’s biggest oil producer Rosneft. China has strengthened its position of the ultimate swing buyer on the global market and has taken the initiative from OPEC, said the executive, who is considered to be a close ally of Vladimir Putin and who has been a long-time critic of OPEC. “China has successfully turned from a major consumer and importer…
Categories: Oil news

Record Diesel Prices Push Brent Toward $95

Fri, 09/04/2026 - 19:27
Diesel prices and refining cracks surge as tightening middle distillate supplies push Brent toward $95. Friday, September 04, 2026 Refined products have been the main driver of rising oil prices, particularly diesel as the outlook for global middle distillate supply continues to deteriorate into late 2026. With US diesel prices soaring to an all-time high, middle distillate cracks alone are now higher than outright crude prices. ICE Brent is poised to end the week with a 6% weekly gain, trending around $95 per barrel, with no real short-term downside…
Categories: Oil news

Turkmenistan Moves to Tackle Major Methane Leaks

Fri, 09/04/2026 - 19:00
UN data shows that Turkmenistan is making repairs to its energy infrastructure to seal major methane leaks, according to a report published by the Guardian. The improvements appear linked to efforts by Ashgabat to emerge from a self-imposed isolationist shell.  The UN’s Methane Alert and Response System (MARS) has identified natural gas-rich Turkmenistan as one of the world’s leading sources of methane leaks. According to MARS, Turkmenistan had three of the six worst leaks detected over the past six months, and nine of the top…
Categories: Oil news

India Plans Mandatory Battery Storage at Solar and Wind Projects

Fri, 09/04/2026 - 17:30
India’s authorities plan to introduce, from July 1, 2027 a regulation requiring developers of solar and wind energy projects to have battery storage installed at the sites in a bid to better manage the renewable energy output and reduce curtailments. For solar and wind projects commissioned after July 1, 2027, the Central Electricity Authority (CEA) of India proposes that developers to be mandated to have co-located energy storage equal to at least 10% of the renewable project’s installed capacity, with a minimum duration of two hours.…
Categories: Oil news

Britain Faces a North Sea Crossroads as Jackdaw and Rosebank Await Approval

Fri, 09/04/2026 - 17:00
The impending decision by the UK government over whether to approve the Jackdaw and Rosebank fields will mark a pivotal moment in the history and future of the North Sea. Almost £11bn of private investment waits in the wings, and the outcome of this decision will be a marker of whether Britain can regain its reputation as a serious place to invest in energy. Approval would send a positive signal, but the issue is far bigger than two projects. Years of policy instability under consecutive governments, restrictions on new drilling and the Energy…
Categories: Oil news

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