• 5 hours Tesla Is “Headed For A Brick Wall”
  • 10 hours Norwegian Pension Fund Set to Divest From Oil Sands and Coal Ventures
  • 14 hours IEA: “2018 Might Not Be Quite So Happy For OPEC Producers”
  • 15 hours Goldman Bullish On Oil Markets
  • 17 hours OPEC Member Nigeria To Issue Africa’s First Sovereign Green Bond
  • 19 hours Nigeria To Spend $1B Of Oil Money Fighting Boko Haram
  • 21 hours Syria Aims To Begin Offshore Gas Exploration In 2019
  • 23 hours Australian Watchdog Blocks BP Fuel Station Acquisition
  • 1 day Colombia Boosts Oil & Gas Investment
  • 1 day Environmentalists Rev Up Anti-Keystone XL Angst Amongst Landowners
  • 2 days Venezuelan Default Swap Bonds At 19.25 Cents On The Dollar
  • 2 days Aramco On The Hunt For IPO Global Coordinators
  • 2 days ADNOC Distribution Jumps 16% At Market Debut In UAE
  • 2 days India Feels the Pinch As Oil Prices Rise
  • 2 days Aramco Announces $40 Billion Investment Program
  • 2 days Top Insurer Axa To Exit Oil Sands
  • 3 days API Reports Huge Crude Draw
  • 3 days Venezuela “Can’t Even Write A Check For $21.5M Dollars.”
  • 3 days EIA Lowers 2018 Oil Demand Growth Estimates By 40,000 Bpd
  • 3 days Trump Set To Open Atlantic Coast To Oil, Gas Drilling
  • 3 days Norway’s Oil And Gas Investment To Drop For Fourth Consecutive Year
  • 3 days Saudis Plan To Hike Gasoline Prices By 80% In January
  • 3 days Exxon To Start Reporting On Climate Change Effect
  • 3 days US Geological Survey To Reevaluate Bakken Oil Reserves
  • 4 days Brazil Cuts Local Content Requirements to Attract Oil Investors
  • 4 days Forties Pipeline Could Remain Shuttered For Weeks
  • 4 days Desjardins Ends Energy Loan Moratorium
  • 4 days ADNOC Distribution IPO Valuation Could Be Lesson For Aramco
  • 4 days Russia May Turn To Cryptocurrencies For Oil Trade
  • 4 days Iraq-Iran Oil Swap Deal To Run For 1 Year
  • 6 days Venezuelan Crude Exports To U.S. Fall To 15-year Lows
  • 7 days Mexico Blames Brazil For Failing Auction
  • 7 days Norway Allows Eni To Restart Goliat Oil Field In Barents Sea
  • 7 days Malaysia Suggests Muslim Countries Stop Trading Oil In U.S. Dollars
  • 7 days Kinder Morgan Wins Appeal To Start Trans Mountain Work
  • 7 days Mexico Cancels Deepwater JV Tender Due To Lack Of Interest
  • 7 days Oil Drillers Give Cold Shoulder To Alaska Bidding Round
  • 7 days Budweiser Bets On Tesla To Replace Its Fleet
  • 8 days Forties Pipeline And Nearby Terminal Disrupted After Oil Leak
  • 8 days Major Nigerian Union Threatens Strike After Mass Firing Of New Members

Breaking News:

Tesla Is “Headed For A Brick Wall”

The Super Basin Behind U.S. NatGas Dominance

The Super Basin Behind U.S. NatGas Dominance

Strong output growth from some…

Oil Imports From Mexico Soar After Hurricane Season

Oil Imports From Mexico Soar After Hurricane Season

U.S. oil imports from Mexico…

South Korea Restarts Nuclear Reactor to Avoid Blackouts During Winter

South Korea Restarts Nuclear Reactor to Avoid Blackouts During Winter

Stuck in the middle of a colder than normal winter the South Korean government has been campaigning nationwide to urge its people to save energy wherever possible and prevent blackouts.
Yet as the demand for power continues to increase they have taken other measures to avoid catastrophe.

One of the two nuclear reactors shut nearly two months ago, due to some parts having been found to have forged documents, will be brought back online.

The Nuclear Safety & Security Commission stated that it granted approval to the suggestion that the 1,000MW reactor in Yeonggwang country, southwest of Seoul, be restarted immediately, with a spokesman from Korea Hydro & Nuclear Power, the subsidiary of Korea Electric Power Corp, said that the reactor is expected to fully supply power to the grid by the end of the week.

Related Article: Bulgarian President Opposes Recommended Nuclear Energy Policy

It has not yet been decided as to whether or not the second reactor should be restarted or not.

The government insists that the parts with the forged quality documents were all part of non-essential operations, but even so, it has begun to investigate all 23 reactors in the country. Whilst oil and gas supply the majority of S. Koreas power nuclear is important, accounting for a third of total production.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News