Arevas's reactor division goes on the auction block

May 27, 2015 by Dan Yurman

French Government to Sell Areva

French President Francois Hollande, in a politically expedient deal with Greens to keep his parliamentary majority intact, has promoted a plan to reduce France’s reliance on nuclear energy by 25%. France depends on nuclear energy for 75% of its electricity.[read more]

Will Areva Survive a Cascade of Crises?

May 13, 2015 by Dan Yurman

Energy Company Risk

Phillippe Knoche, Areva’s CEO, at this point in his brief history at the head of the firm, could probably be forgiven for thinking that without too much trouble he could throw a rock in just about any direction and hear the clang of its impact on side of one of the firm’s major crisis.[read more]

Areva Struggles to Dig Out of Debt

March 25, 2015 by Dan Yurman

Areva and Debt Problems

Phillippe Knoche stated that while Areva is committed to building two EPRs at Hinkley Point, they may be the last of their kind, and that they're abandoning the firm’s strategy of leading “high profile, new build projects” and instead will concentrate on the supply chain including major components of nuclear reactors.[read more]

Power projects seek investors on a global scale

September 4, 2012 by Dan Yurman

China's huge sovereign wealth fund is a frequent target of power proposals The Peoples Republic of China is sitting on huge cash reserves available for investment, domestic or foreign.  According to some estimates, the amount is about $4 trillion. If every dollar of hard currency China holds was translated into a second of travel...[read more]

Update on Jordan's nuclear program

June 7, 2012 by Dan Yurman

An asset swap of uranium for reactors seems likelyKhaled ToukanJAECThe Jordanian Atomic Energy Agency has entered into negotiations with Areva and Rosatom to build 2 Gwe of nuclear powered electricity by 2020. Both firms are offering 1,000 MW reactors. The Kingdom is likely to offer to pay for them with an asset swap from its uranium...[read more]

Predictions, Speculations, & Random Ideas for 2012

December 27, 2011 by Dan Yurman

Another fearless look ahead Each year this blog posts its fearless outlook for the coming year.  For 2012 I will add the caveat that while no one can predict the future, there are plenty of pointers to how things might work themselves out over time.  That's what this blog is reporting here.  Japan    A...[read more]

Areva US CEO Jacques Besnainou Talks Shop

December 20, 2011 by Dan Yurman

Recent decisions by Luc Oursel on capital spending top the list of discussion issues Jacques BesnainouJacques Besnainou, the CEO of U.S. Areva, based in Bethesda, MD, told a group of nuclear energy bloggers in an telephone conference call Dec 19 that the time line for getting the capital to begin the construction phase of the Eagle Rock...[read more]

Nuclear Progresses In Some Countries Despite Fukushima Fears

September 26, 2011 by Dan Yurman

Germany’s decision to close its reactors rejected as unrealistic Since the March 11 earthquake and tsunami hit the six TEPCO reactors at Fukushima Japan, anti-nuclear groups have been on a roll.  Germany’s panic attack which will result in closing 17 reactors accounting for a quarter of its electricity is widely touted as a...[read more]

Siemens Exits The Nuclear Energy Industry

September 21, 2011 by Dan Yurman

Siemens (ETR:SIE), the global manufacturing giant, which in recent years has shifted more of its business to solar and wind energy technologies, has formally exited the nuclear energy business. In doing so it appears to be leaving behind the potential for substantial revenue. The Bloomberg wire service and Reuters report that the firm will scrap its deal with Russia’s Rosatom to develop the state-owned firm's VVER pressurized water reactor (PWR) to compete with exports from Areva.[read more]

Areva Sailing in Uncharted Waters

August 1, 2011 by Dan Yurman

New CEO says it is too soon to assess the full consequences of the Fukushima disaster on its long term strategy Areva, the French and mostly state-owned global nuclear giant, is sailing in uncharted waters as its new CEO seeks to get a grip on the firm’s strategic direction. The uncertainty has affected the firm’s publicaly traded...[read more]

Costs and Hazards of Unconventional Natural Gas Extraction

July 29, 2011 by Rod Adams

I learned something new and useful while watching Energy Now’s July 24, 2011 show titled The Promise and Problems of Shale Gas. If I want to attempt to get an honest answer from natural gas industry promoters about the potential hazards of extracting natural gas from unconventional formations like coal beds and shale, I cannot ask them...[read more]

Nuclear Industry Must Be Transparent on Uranium Mining, Carbon Output Before New Plants

July 19, 2011 by David Thorpe

The nuclear industry has to clean up its supply chain, be as ethical, accountable and transparent as possible, and come clean on its true carbon impact, if it is to earn our trust.The UK is considering supporting the building of a new generation of nuclear plants, and the Treasury's Carbon Price Support mechanism could result in nuclear...[read more]

U.K. and China Pursue Nuclear Plans With Japanese Disaster In Mind

July 12, 2011 by Dan Yurman

New safety measures will create delays, add costsThe ambitious plans for construction of new nuclear reactors at eight sites in the U.K. took a hit this week. Reuters reports July 5 that EDF, the nation’s biggest utility, will push back the start date for its first new nuclear plant. Vincent de Rivaz, (right) who leads EDF operations in...[read more]

Areva to Push Spent Fuel Recycling Plans

June 13, 2011 by Dan Yurman

CEO Jacques Besnainou sees startup of effort by 2015 The head of the U.S. operation of French state-owned nuclear giant Areva told a breakfast meeting of news reporters hosted by the Energy Daily on June 6 that the solution to the U.S. bottleneck in managing spent nuclear fuel is a recycling center. Jacques Besnainou, CEO of Areva’s...[read more]

Leading Uranium Producer, Cameco Reports 36% Profit Dip in First Quarter

May 9, 2011 by Nathanael Baker

Cameco (NYSE: CCJ), one of the world's largest uranium producers, announced its earnings dropped 36% in the first quarter of 2011. The Saskatchewan-based company saw its profits drop from $143 million in the Q1 2010 to $91 million in Q1 2011.  Additionally, the company's revenue dropped 6% from $485 million to $454 million...[read more]