Energy news for July 8, 2026
July 8, 2026 · 9 stories
9 stories from across markets and policy. The day led with DOE closes $3.26 billion loan to AEP Texas for 2,800 miles of transmission.
Policy
DOE closes $3.26 billion loan to AEP Texas for 2,800 miles of transmission
The Energy Department says the financing covers about 100 projects and will save more than a million Texas customers roughly $685 million over 30 years.
Markets
Baker Hughes to supply up to 1.8 GW of power equipment to Kodiak Gas Services
Baker Hughes will supply gas turbines and generators to Kodiak Gas Services under a deal that starts at 1 GW and could grow to 1.8 GW over time.
Geopolitics & Supply
U.S. petroleum exports hit record 13.6 million b/d in April
Crude, propane and distillate all set records as Strait of Hormuz disruptions pushed global buyers toward U.S. barrels in April, EIA data show.
Policy
BLM schedules September sale of 29 Colorado oil and gas leases
The Bureau of Land Management will offer 29 parcels covering 14,095 acres in Colorado on September 8, after a 30-day protest window.
Power
Info-Tech Research Group outlines four-phase GIS strategy for utilities
A new blueprint from Info-Tech Research Group urges utilities to treat GIS as a strategic platform for grid modernization, not just a mapping tool.
Power
Palmetto launches battery backup subscription with no upfront cost
The Energy Backup Plan gives homeowners battery storage for a monthly fee instead of the $16,000-plus cost of buying a system outright.
Markets
BB Energy secures three more South Sudan crude cargoes
The trader will take deliveries in August, September and November after agreeing to ease legal limits on South Sudan's advance oil payments.
Markets
Natural Gas Services Group redomesticates to Texas
NGS will move its state of incorporation from Colorado to Texas effective around July 20, 2026, after shareholders approved the change.
Policy
Georgina Energy finishes site prep for Ensign rig at Hussar
Georgina Energy has cleared its Hussar drill site in Western Australia, setting up a rig move toward a targeted September 2026 spud.
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