2025-09-15 00:05
LONDON, Sept 15 (Reuters) - Britain and the United States will sign a deal to work together on boosting nuclear power during U.S. President Donald Trump's state visit this week, the British government said, helping secure investment to fund new plants. Britain's government has launched a major push to expand nuclear power in recent months, pledging to invest 14 billion pounds ($19 billion) in a new plant at Sizewell C and advancing plans for a Rolls-Royce (RR.L) , opens new tab unit to build the country's first small modular reactors (SMR). Sign up here. Trump arrives in Britain for a two-day visit on Tuesday, during which he and Prime Minister Keir Starmer will announce the nuclear power tie-up. The collaboration aims to speed up new projects and investments, including plans expected to be announced by U.S. nuclear reactor company X-Energy and Britain's Centrica (CNA.L) , opens new tab to build up to 12 advanced modular reactors in northeast England. An 11 billion pound ($15 billion) project to develop advanced data centres powered by SMRs in central England at the former Cottam coal-fired power station set to be announced by U.S. company Holtec International, France's EDF and real estate partner Tritax, is also on the cards, the statement added. "These major commitments set us well on course to a golden age of nuclear that will drive down household bills in the long run," Starmer said on Monday. Trump and Starmer discussed working more closely together on SMRs when they met at the U.S. president's golf resort in Scotland in July. "Today's commercial deals set up a framework to unleash commercial access in both the U.S. and UK," U.S. Energy Secretary Chris Wright said in the statement. The new tie-up will cover nuclear regulation, meaning if a reactor passes safety checks in one country, the other can use the findings to support its own checks, cutting licensing time to two years from three to four years at present. Commenting on its new partnership deal with X-Energy, Centrica's Group CEO Chris O’Shea said it would build a resilient, affordable, low-carbon energy system, while X-Energy's CEO J. Clay Sell said Hartlepool was the right place for it to scale its technology in Britain given its experienced workforce and local services. Holtec chair and CEO Kris Singh said its plan with EDF would create thousands of local jobs while drawing on the lessons from its Palisades project in Michigan, while Simone Rossi, CEO of EDF in the UK, said the plan would benefit energy security. In a related announcement, Rolls-Royce said it had entered the U.S. regulatory process for its SMR, paving the way for potential new jobs and investment in the U.S. Among the other investments expected to be announced is a deal for UK-based Urenco to supply an advanced type of low-enriched uranium to the U.S. market. ($1 = 0.7377 pounds) https://www.reuters.com/sustainability/climate-energy/britain-us-sign-nuclear-power-pact-during-trumps-visit-2025-09-15/
2025-09-14 23:47
Sept 15 (Reuters) - The UK government and industry are planning to jointly invest over 1.1 billion pounds ($1.5 billion) in the maritime sector, the UK government said on Monday. The investment will unlock growth and jobs in coastal communities across the UK, the government said, including in the engineering, green technology and construction sectors. Sign up here. The funding includes 700 million pounds of private investment in major UK ports and 448 million pounds of public investment to reduce emissions from UK shipping. It will be formally announced on September 15, the first day of London International Shipping Week. "We're committing almost half a billion to cut carbon emissions from shipping - steering us towards net zero by 2050," said UK Transport Minister Heidi Alexander. ($1 = 0.7379 pounds) https://www.reuters.com/world/uk/uk-government-industry-invest-over-11-billion-pounds-maritime-sector-2025-09-14/
2025-09-14 18:47
CAIRO, Sept 14 (Reuters) - Iraq's oil ministry signed a joint operation agreement with France's TotalEnergies, QatarEnergy LNG and Iraq's Basra Oil Company, the Iraqi prime minister's office said on Sunday. The deal is for the operation of the Artawi oilfield, as part of the Gas Growth Integrated Project. Sign up here. The GGIP, an initiative between QatarEnergy, TotalEnergies and Basra Oil Company, aims to improve Iraq's electricity supply, including by recovering flared gas at three oilfields and using the gas to supply power plants, helping to reduce Iraq's import bill. It also includes renewable energy projects. In a statement shortly after, QatarEnergy said the company's CEO and state minister for energy Saad al-Kaabi met Iraqi Prime Minister Mohammed Shia al-Sudani and TotalEnergies CEO Patrick Pouyanne on Sunday to announce the start of construction of the second phase of the Artawi oil field development project and the Common Seawater Supply Project. The CSSP is set to process and transport 5 million barrels of seawater per day to the main oil fields in southern Iraq, according to the Qatari statement. Separately, the Iraqi prime minister's office said TotalEnergies signed a deal with Turkey's ENKA construction company to establish a central oil and gas processing facility in Iraq with a daily production capacity of 210,000 barrels of oil and 163 million standard cubic feet of gas. TotalEnergies and China's Petroleum Engineering & Construction Corp signed an agreement to build a gas processing plant in southern Iraq with a total capacity of 600 million standard cubic feet per day, the prime minister's office said. The French company also reached a deal with South Korea's Hyundai Engineering and Construction to construct a seawater treatment plant in southern Iraq with a design capacity of 7.5 million barrels per day. In his remarks during the event, Sudani welcomed the growth of foreign investments in the country. https://www.reuters.com/sustainability/boards-policy-regulation/iraq-signs-joint-operation-agreement-with-frances-totalenergies-qatarenergy-lng-2025-09-14/
2025-09-14 17:50
Russia's Kirishi oil refinery attacked Russia says over 361 Ukrainian drones downed Ukraine says it carried out a 'successful strike' Russia flexes military muscle with hypersonic missiles MOSCOW, Sept 14 (Reuters) - Ukraine launched a large attack with at least 361 drones targeting Russia overnight, sparking a brief fire at the vast Kirishi oil refinery in Russia's northwest, Russian officials said on Sunday, reporting no injuries. As world powers talk about how to end the deadliest conflict in Europe since World War Two the drone war has escalated, with Russian drones downed in NATO-member Poland and attacks by Ukraine against oil refineries and pipelines in Russia, the world's second biggest oil exporter. Sign up here. Russia's defence ministry said at least 361 drones had been shot down by Russian air defence systems, including four guided aerial bombs and a U.S.-made HIMARS missile. It did not give details about the location of the attacks. Surgutneftegaz's (SNGS.MM) , opens new tab Kirishinefteorgsintez refinery, one of the top two refineries in Russia, was among the targets attacked by Ukrainian drones, Russian officials said. Alexander Drozdenko, the governor of the Leningrad region, said three drones were destroyed in the Kirishi area and a fire sparked by falling debris had been put out. He said no one was injured. Ukraine's drone command confirmed it attacked the refinery and said it had "carried out a successful strike." Reuters was unable to immediately verify the scale of the damage, if any, to the refinery. Ukrainian President Volodymyr Zelenskiy, speaking in his nightly video address, praised Kyiv's military and special services for the string of long-range attacks on Russian oil installations. "The most effective sanctions – the sanctions that work the fastest – are firing on Russian oil plants, on their terminals, on their oil depots," Zelenskiy said. "They have significantly restricted the Russian oil industry, and this significantly limits the war." Zelenskiy singled out an attack last week on Russia's northwestern port of Primorsk for the first time which he said had inflicted "significant damage. This has been checked." Kirishi refines about 17.7 million metric tons per year (355,000 barrels per day) of Russian crude, or 6.4% of the country's total. PRESSURE TO TIGHTEN ENERGY SANCTIONS In recent weeks, the United States has stepped up pressure on NATO countries to tighten energy sanctions on Russia in a bid to curtail its revenues and help end the war with Ukraine, a conflict U.S. President Donald Trump has struggled to bring to a close. Trump said on Saturday the U.S. is prepared to impose fresh energy sanctions on Russia , opens new tab, but only if all NATO nations cease purchasing Russian oil and implement similar measures. The EU is sticking to its deadline to phase out Russian oil and gas imports by 2028, it decided last week, despite pressure from the U.S. to move more quickly. Russia said on Sunday it had fired a Zircon (Tsirkon) hypersonic cruise missile , opens new tab at a target in the Barents Sea and that Sukhoi Su-34 supersonic fighter-bombers had carried out strikes as part of joint military exercises with Belarus. An oil company in Russia's Bashkortostan region will maintain production levels despite a drone attack on Saturday, regional governor Radiy Khabirov said. https://www.reuters.com/business/energy/ukraine-attacks-major-russian-refinery-with-drone-assault-2025-09-14/
2025-09-14 15:38
NOTTINGHAM, England, Sept 14 (Reuters) - The third and final Twenty20 International between England and South Africa was abandoned without a ball being bowled at Trent Bridge on Sunday as rain had the final say in the series that finishes 1-1. South Africa claimed a rain-reduced five-over contest by 14 runs in the opening game in Cardiff on Wednesday, before England registered a record 146-run win in the second fixture in Manchester on Friday as Phil Salt scored an unbeaten 141. Sign up here. That result set up a grand finale on Sunday, but persistent rain in Nottingham delayed the toss and ultimately meant no play was possible. South Africa won the One Day International series between the sides 2-1. England now move on to a three-match T20 series against Ireland that starts in Dublin on Wednesday. https://www.reuters.com/sports/cricket/rain-has-final-say-england-south-africa-share-t20-series-2025-09-14/
2025-09-14 15:00
CAIRO, Sept 14 (Reuters) - Egypt signed three investment agreements worth more than $121 million for oil and gas exploration in the Western desert, Suez Gulf and north of Sinai, the Egyptian petroleum ministry said on Sunday. The deals were with Parenco Egypt, Dubai-based Dragon Oil and Apache, for about $46 million, $40.5 million and $35 million respectively. Sign up here. The first deal aims to re-award the North Sinai offshore area to Parenco Egypt, with investments to drill three wells. Parenco Egypt is a subsidiary of Egypt Kuwait Holding company (EKH). The Dragon Oil deal is also for three wells while Apache's agreement for the Western Dessert will include five new exploration areas, drilling 14 wells. https://www.reuters.com/business/energy/egypt-signs-oil-gas-exploration-deals-worth-more-than-121-million-2025-09-14/