Energy news for July 21, 2026
July 21, 2026 · 6 stories
6 stories from across policy and power. The day led with Vår Energi posts record Q2 cash flow, agrees BlueNord combination.
Upstream
Vår Energi posts record Q2 cash flow, agrees BlueNord combination
Vår Energi posted USD 2.1 billion in Q2 2026 cash flow and agreed to combine with BlueNord, creating Europe's largest independent oil and gas producer.
Power
PowerPlay AI plans 400 MW Texas data center for 2028
PowerPlay AI is developing 400 megawatts of behind-the-meter power for a West Texas AI data center, with delivery targeted for 2028.
Policy
Burnham names Fahnbulleh energy secretary, moves Miliband to Foreign Office
New prime minister Andy Burnham replaced Ed Miliband as energy secretary with first-term MP Miatta Fahnbulleh in his first cabinet reshuffle.
Markets
Vår Energi to buy BlueNord, becoming Europe's largest independent oil and gas producer
The Norwegian producer will pay 248.4 million shares and USD 204 million in cash for BlueNord, creating a 450,000-barrel-a-day North Sea producer.
Policy
Energy Department orders Southwest Power Pool to tap backup power during heat wave
DOE told the grid operator to dispatch extra units and, if needed, call on backup generators as hot weather strains the region's power supply.
Power
Hedgehog USA signs Idemitsu energy deal for 600 MW Texas data center site
Hedgehog USA secured a long-term energy supply agreement with Japan's Idemitsu to back a 600 MW data center campus in Navarro County, Texas, by 2027.
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