Tsvetana Paraskova

6 days ago | nuclear-news.net | Tsvetana Paraskova |Christina MacPherson

EU Needs $280 Billion for Nuclear Energy, And That’s Just the Start Oil Price.com, By Tsvetana Paraskova – Jun 18, 2025The European Union estimates it will require $277 billion in investments for conventional nuclear power expansion by 2050. Some EU countries are considering Small Modular Reactors and other advanced nuclear technologies as alternatives or supplements to traditional large-scale nuclear plants.

1 week ago | oilprice.com | Tsvetana Paraskova

Father and son, Albert and Gordon Huddleston, part of the Texas oil dynasty of H.L. Hunt, are expected to become even richer if a rumored $8-billion deal with Mitsubishi Corp goes through. Albert and Gordon Huddleston are descendants of Haroldson Lafayette Hunt, who founded and grew the family oil business in the 1930s and 1940s with hundreds of producing wells in East Texas. Reports emerged earlier this week that Mitsubishi Corp.

1 week ago | oilprice.com | Tsvetana Paraskova

China saw its shipments of rare earth magnets to foreign markets crash by 53% in May to the lowest level for any month since February 2020, according to data from the General Administration of Customs cited by Reuters. At the beginning of April, China announced it would curb its exports of dysprosium, gadolinium, scandium, terbium, samarium, yttrium, and lutetium.

1 week ago | oilprice.com | Tsvetana Paraskova

The Johan Castberg oilfield in the Barents Sea has reached full capacity of 220,000 barrels per day (bpd), operator Equinor said on Friday, noting that peak capacity has been reached just three months after the field in Norway’s Arctic waters came on stream. Seventeen of a total of 30 wells have now been completed. The wells that have come on stream are producing as expected, Equinor said.

1 week ago | oilprice.com | Tsvetana Paraskova

Canada’s Strathcona Resources supports MEG Energy in its process to explore potential mergers after MEG recommended that shareholders reject a $4.4 billion (C$6 billion) takeover offer from Strathcona. Last month, Strathcona, MEG’s second-largest shareholder with about 9%, made an offer to acquire MEG Energy for the equivalent of some $4.4 billion in cash and stock.