Energy news for August 4, 2026
August 4, 2026 · 13 stories
13 stories from across markets and power. The day led with PJM proposes $20 billion plan to secure power for data centers.
Power
PJM proposes $20 billion plan to secure power for data centers
PJM filed a FERC plan to spend up to $20 billion on new data center capacity, requiring curtailment from loads that don't supply their own power.
Markets
Heinrich bill would make large data centers pay for grid upgrades
New Mexico Sen. Martin Heinrich's GRID Savings Act would direct FERC to make electricity users above 150 megawatts pay for the grid upgrades they require.
Markets
Energy Transfer revenue and net income rise in the second quarter
Energy Transfer's second-quarter 2026 revenue reached $34.3 billion as NGL and crude oil volumes set partnership records.
Markets
Equinor buys back 660,000 shares as third 2026 tranche advances
Equinor purchased shares on the Oslo exchange over five days in late July, lifting its own stake in the company to 0.63% of share capital.
Markets
Marathon Petroleum Q2 net income jumps to $5.1 billion
Refining margins widened sharply and MPLX kept building out its gas and NGL network, pushing per-share earnings to $17.73 from $3.96 a year ago.
Midstream & LNG
Argent LNG submits waterway assessment to Coast Guard for Port Fourchon terminal
The filing puts the U.S. Coast Guard alongside FERC and DOE as the third federal agency now reviewing Argent LNG's proposed 25 MTPA export terminal.
Power
Abbott orders audit of every data center in Texas' grid queue
Texas told PUCT and ERCOT to vet every data center in the interconnection queue, which tops 474 gigawatts, before any project can connect.
Upstream
Sercel to run SIMOPS software on ExxonMobil's Guyana Whiptail project
ExxonMobil awarded Sercel a one-year contract to run its Marlin software for offshore coordination on the Whiptail project in Guyana's Stabroek Block.
Markets
Ramaco posts $15.4 million Q2 loss, values Wyoming rare earth project at $8 billion
Ramaco cut 2026 coal production guidance and posted a quarterly loss, while a new study valued its Wyoming rare earth project at $8 billion.
Markets
Marathon Petroleum's Q2 net income jumps to $5.1 billion
Marathon Petroleum earned $17.73 a share in the second quarter, up from $3.96 a year ago, as refining margins widened and MPLX raised its growth budget.
Upstream
TGS and EGAS launch 34,000 km seismic reimaging project offshore Egypt
TGS and Egypt's EGAS will reprocess 34,000 kilometers of 2D seismic data to sharpen images of salt-covered basins ahead of a planned licensing round.
Markets
US rig count rises to 588 as Permian adds two rigs
The U.S. rig count rose to 588 for the week of July 31, with the Permian Basin up two rigs, Baker Hughes reported.
Markets
Pampa Energía's Q2 sales rise 53% on power deregulation
Pampa Energía's sales rose 53% to $746 million as oil output nearly tripled and Argentina deregulated its power market.
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