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Shuttered Three Mile Island Nuclear Plant Poised for 2027 Restart

OilPrice

Constellation Energy announced Tuesday it is accelerating plans to restart Unit 1 of the Three Mile Island nuclear plant by 2027, as mounting power demand and evolving energy policy breathe new life into the once-retired facility. The proposal could make Three Mile Island the first U.S.

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EU Aims to Cut All Russian Gas Imports by 2027

OilPrice

As the European Union seeks to end its dependency on Russian energy, the European Commission is set to propose this week a ban on new contracts for natural gas supply with Russia on the basis of trade law, which needs a majority vote approval instead of a unanimous EU call. Hungary and…

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Chevron Prioritizes Cash Flow Over Growth in Permian

OilPrice

According to Bruce Niemeyer, president of Chevron’s shale business, the company now plans to hold production steady through 2040 while cutting rigs and frack crews—locking in $5 billion in annual free cash flow by 2027. That number isn’t just aspirational.

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Oklo Advances Siting, On Track for Aurora Nuclear Fast Reactor Deployment at INL in 2027

POWER Magazine

Advanced nuclear firm Oklo has signed an Interface Agreement (IAG) with Idaho National Laboratory (INL), marking a key regulatory milestone in the siting and environmental review of its first commercial […] The post Oklo Advances Siting, On Track for Aurora Nuclear Fast Reactor Deployment at INL in 2027 appeared first on POWER Magazine.

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Canada’s Trans Mountain Pipeline Could Boost Capacity by 2027

OilPrice

The expanded Trans Mountain pipeline in Canada could raise its capacity by another 75,000 barrels per day (bpd) by early 2027, which could potentially increase Canadian crude oil exports from its Pacific Coast to non-U.S.

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Venture Global Goes All-In With $15 Billion CP2 LNG Bet

OilPrice

CP2’s Phase 1, expected online in 2027, will add up to 28 million tonnes per annum (MTPA) of peak output. Venture Global has officially reached a final investment decision and financial close for Phase 1 of its CP2 LNG project and the associated CP Express Pipeline, securing $15.1 billion in debt-only financing, the company said on Monday.

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Slovakia to Tap Up to 100% Russian Gas Under EU Exemption

OilPrice

The exemption allows Bratislava to continue drawing from Gazprom supplies until 2027, aligning with a long-term contract that runs through 2034.

Gas