Fuel-loading at the Sanmen nuclear power plant in China was supposed to have started last year but has been delayed due to safety concerns. Chinese regulators haven't approved a new nuclear power project in more than two years, James Ayre writes.
A collaboration of four companies will cooperate on nuclear fuel development and control rod drive mechanisms for a small modular reactor under a recent memorandum of understanding. The companies expect the SMR to be operational by 2026.
Eni says it produced 1.92 million barrels of oil equivalent per day in December, the highest production level ever for the company. The Italy-based oil and natural gas producer started production at its Zohr natural gas field in the Mediterranean Sea off the coast of Egypt in December.
Turbodrills are reliable, efficient tools for drilling through hard and abrasive formations in oil wells. The downhole turbines, which convert hydraulics into mechanical rotation, reach depths faster and with more power than other drilling assemblies, are easy to steer and end up saving drillers money.
Independent Nigerian oil drillers want to increase production by nearly 250,000 barrels per day by 2020, putting OPEC's effort to restrict the oil supply at further risk. Shoreline Group seeks to double output by December, and Seplat Petroleum Development plans to increase drilling this year.
Encana's profits and oil and natural gas production increased in the fourth quarter compared with the same period a year earlier. The Canadian company, which is focusing on the Montney and Duvernay basins in Canada and the Eagle Ford and Permian basins in the US, says production increased to 335,200 barrels of oil equivalent per day, up from 321,500 in the fourth quarter of 2016.
Phoenix Global Resources plans to invest up to $120 million in the Vaca Muerta Shale and other unconventional formations in Argentina's Neuquen Basin. The company increased its projected capital expenditure this year from $90 million to $190 million.
Scientists say they can use seismic data from the seafloor to determine the timing and strength of major storms such as hurricanes and typhoons, providing records from as far back as more than a century ago. Colliding waves cause vertical pressure and seafloor movement, triggering seismometers on islands and in coastal areas, researchers say.
The US has more than 300 planned chemical projects costing a combined $185 billion, according to the American Chemistry Council. Industry members and congressional Republicans have questioned whether the current permitting process under the Clean Air Act is too complicated and potentially discouraging to development.