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Nuclear Energy

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  • *Areva says jumbo reactor still best product offer. *Areva hopes for new contracts in India, China. PARIS, Oct 16- Areva chief executive Luc Oursel, his job at risk from an imminent government overhaul, still believes the French nuclear group can win new contracts with its out-of-favor mega-reactor model in India and China.

  • Commodities tomorrow: Ebola-crude connection     Wednesday, 15 Oct 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A volatile day with energy futures. WTI was down slightly on the day, after falling below 80 for the first time since June 2012. Gold was up about $10 on the day.

  • WASHINGTON, Oct 15- Lockheed Martin Corp said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready for use in a decade. Tom McGuire, who heads the project, said he and a small team had been working on fusion energy at Lockheed's...

  • Lockheed says makes breakthrough on fusion energy project Wednesday, 15 Oct 2014 | 8:30 AM ET

    WASHINGTON, Oct 15- Lockheed Martin Corp said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready in a decade. Tom McGuire, who heads the project, said he and a small team had been working on fusion energy at Lockheed's secretive...

  • Commodities tomorrow: Oil plunge continues     Tuesday, 14 Oct 2014 | 3:39 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead onto where oil prices are likely headed. Oil continued its downward dive, hovering around $83. A severe decrease in demand is one of the reasons why oil is dropping so much.

  • PARIS, Oct 13- Areva, France's struggling reactor builder, is unlikely to win much in the way of big new nuclear export contracts despite a major government-backed effort to woo customers at a trade show this week. The Oct. 14-16 World Nuclear Exhibition, at the same venue as the Le Bourget airshow, is designed to boost Areva and France's associated nuclear industry,...

  • FACTBOX-Six concepts for the future of nuclear power Monday, 13 Oct 2014 | 7:15 AM ET

    Oct 13- The Generation IV International Forum was created in 2000 to perform research on new types of nuclear reactors to replace the water-cooled models that make up the majority of today's global nuclear fleet. *Prototypes have been tested in France, Russia and Japan, with China, South Korea and India also proceeding with SFR projects. *A European consortium is...

  • South Korea faces nuclear waste storage crisis Sunday, 12 Oct 2014 | 8:05 PM ET
    South Korea's nuclear power reactor, Shin-Kori 1and 2 called APR-1000, in Gori near the southern port of Busan.

    South Korea has around 70 percent of its used fuel stacked in temporary storage pools, with some sites due to fill by the end of 2016.

  • *Some storage sites expected to be full by 2016. SEOUL, Oct 13- Among the usual commercials for beer, noodles and cars on South Korean TV, one item stands in marked contrast. It plans to cram those sites with more fuel than they were originally intended to hold while it looks for a permanent solution, suggesting little has been learned from the Fukushima disaster in...

  • Niger cabinet approves new Areva uranium deal Friday, 10 Oct 2014 | 7:11 PM ET

    NIAMEY, Oct 10- Niger's cabinet of ministers on Friday approved a renewal of French nuclear group Areva's uranium production deal in the West African nation, the government said on Friday, completing two years of often fraught negotiations. The two parties announced the signature of a new 10- year agreement for Areva's Somair and Cominak mines in May, but...

  • Iran and the six- the United States, France, Germany, China, Russia and Britain- hope that resolving the more-than-decade-long nuclear standoff with Iran will reduce regional tensions and alleviate the risk of another war in the Middle East. Top diplomats of the United States, Iran and the European Union will meet in Vienna next week to work on a comprehensive deal...

  • South Korean town votes no to nuclear plant Thursday, 9 Oct 2014 | 10:11 PM ET

    SEOUL, South Korea— Voters in a South Korean city have rejected plans to build a nuclear power plant in a referendum the government says has no legal effect. Thursday's vote in Samcheok, on South Korea's east coast, went as expected following this year's election of a mayor who wants the government to scrap nuclear plant. "I will persuade the national government...

  • Commodities tomorrow: WTI under $86     Thursday, 9 Oct 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. More downward pressure on oil today, as WTI fell under $86/barrel.

  • The mill, idled in 2010, has been undergoing modifications to allow it to process ore from the province's Cigar Lake uranium mine, which is operated by Cameco Corp.. Cameco started mining at Cigar Lake in March and has so far delivered 1,400 tonnes of ore to McClean Lake, Cameco said in a statement. Cameco operates the Cigar Lake mine and owns 50 percent of it, with...

  • Commodities tomorrow: Oil hit again     Wednesday, 8 Oct 2014 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down again today. The DOE report showed higher-than-expected build in supplies.

  • *Austria has threatened legal action. BRUSSELS, Oct 8- A British plan to guarantee the price of power from its first new nuclear project in decades won European Union backing in a landmark ruling on Wednesday that threatens to trigger legal challenges. The ruling clears the way for the 16- billion-pound Hinkley Point nuclear power station in southwest England...

  • South Korean town to put nuclear plan to vote Wednesday, 8 Oct 2014 | 7:11 AM ET

    SEOUL, South Korea— Fighting plans to build a nuclear power plant, a South Korean fishing village is holding a referendum Thursday, even though the government has warned the vote is illegal. A site in Samcheok, 195 kilometers east of Seoul, was picked by the energy ministry after a previous city government applied in 2010 for a nuclear power facility.

  • UK cleared to heavily subsidize $39B nuclear plant Wednesday, 8 Oct 2014 | 6:42 AM ET

    BRUSSELS— The European Union has approved Britain's bid to heavily subsidize a new nuclear power plant, overriding opposition from environmentalists and questions over the project's 24.5 billion pound price tag. The EU's executive Commission said Wednesday it found the subsidies for construction and operation of the Hinkley Point plant won't distort...

  • CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Negative economic data sent commodities prices lower today.

  • TOKYO, Oct 7- Japan's reboot of nuclear power, expected to begin early next year, is set to punish oil imports the most as utilities slash the use of their highest-cost fuel and shut aging oil-fired plants, a survey of Japan's nine biggest power companies showed. Utilities in Japan are keen to close oil-burning units, not only because crude and fuel oil are their most...