Global Energy Report

Energy news for July 29, 2026

July 29, 2026 · 6 stories

6 stories from across markets and power. The day led with BIC Alliance sponsors Texas Chemistry Council's summer retreat dinner.

Markets

BIC Alliance sponsors Texas Chemistry Council's summer retreat dinner

BIC Alliance sponsored the Texas Chemistry Council's summer board retreat dinner, and American Chemistry Council's Jack Quinn spoke at the group's board meeting.

Power

MERA Oil nears site decision for $5 billion Gulf refinery corridor

A US-Saudi consortium of MWG Enterprises, Patel Family Office and PWS is choosing among three Gulf sites for a 200,000-barrel-a-day refinery and export hub.

Power

NextEra and Brookfield plan $100 billion Kentucky data center campus

A consortium including NextEra Energy and Brookfield plans a 1.8 gigawatt, $100 billion data center campus at a former uranium site in Paducah, Kentucky.

Upstream

Predator Oil & Gas amends rig contract for MOU-6 drilling in Morocco

Predator Oil & Gas Holdings has amended its Rig 101 contract with Intrepid Drilling to drill the MOU-6 well in Morocco from 1 August to 1 October 2026.

Policy

DOE and NextEra plan $100 billion energy hub at Kentucky's Paducah site

The Energy Department will redevelop its Paducah Site into an AI data center campus backed by $100 billion in private investment.

Markets

US-Canada energy trade fell to $137 billion in 2025

US-Canada energy trade value fell 11% to about $137 billion in 2025 as crude oil prices and crude import volumes both dropped, the EIA said.

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