Energy news for August 6, 2026
August 6, 2026 · 24 stories
24 stories from across upstream and markets. The day led with ConocoPhillips sells $1.7 billion in Lower 48 assets, hits disposal target early.
Markets
ConocoPhillips sells $1.7 billion in Lower 48 assets, hits disposal target early
ConocoPhillips closed a $1.7 billion Lower 48 asset sale in July, hit its $5 billion disposal target early, and posted $3.23 EPS for the quarter.
Policy
BLM proposes to reinstate a terminated Wyoming oil and gas lease
The agency would restore lease WYW179793 in Converse County at a higher rental and royalty, with a new stipulation to protect two historic trails.
Policy
Lummus Technology buys Shell's ECS emissions-control business
Lummus acquired IP assets and staff from Shell's Environmental Catalysts and Systems unit, adding emissions-control technology to its platform.
Policy
BLM proposes reinstating a terminated oil and gas lease in Wyoming
BLM proposes reinstating lease WYW179793 in Converse County, Wyoming, at a higher rental and royalty rate.
Upstream
PetroTal beats production budget with Q2 EBITDA of $43.5 million
PetroTal posted second-quarter Adjusted EBITDA of $43.5 million and free funds flow of $32.4 million as production held above its 2026 budget.
Power
Zelestra brings 57 MW of Spain solar plants online for Tesla
Three solar plants in Castilla-La Mancha will supply about 130 GWh a year to Tesla under a power purchase agreement with Zelestra.
Upstream
Valeura Energy posts $259.8 million in Q2 revenue on higher oil prices
The Thailand and Türkiye producer reported free cash flow of $104.7 million and net cash of $316.5 million with no debt for the quarter ended June 30.
Upstream
Serica Energy moves to net cash after $184 million H1 free cash flow
Serica Energy swung to net cash in H1 2026 on $184 million of free cash flow, refinancing its debt and bidding for Pharos Energy.
Upstream
Jersey Oil & Gas wins six-month extension on Verbier North Sea license
The NSTA extended Jersey Oil & Gas's P2170 Verbier license to 28 February 2027, aligning it with the Buchan license as it plans a phased North Sea hub.
Markets
ABB takes minority stake in LevelTen Energy to expand clean power deals
ABB is investing in LevelTen Energy's clean power marketplace to help industrial and commercial customers secure long-term deals.
Upstream
Jersey Oil & Gas wins six-month extension on North Sea Verbier license
The NSTA extended Jersey Oil & Gas's P2170 Verbier license to 28 February 2027, aligning it with the Buchan license as development plans get reviewed.
Markets
Targa Resources posts record $1.6 billion adjusted EBITDA in the second quarter
Second-quarter adjusted EBITDA rose 38% year over year to $1.603 billion, and the company raised its full-year outlook toward the top of guidance.
Power
PJM issues hot weather alert for Aug. 9-11, sees 146,541 MW peak
PJM expects demand to peak at 146,541 megawatts on Aug. 10 as heat and humidity build across its Mid-Atlantic and Southern regions.
Upstream
BSEE and BOEM propose changes to Arctic offshore drilling rules
Interior's BSEE and BOEM propose revising the 2016 rule for exploratory drilling on the Arctic Outer Continental Shelf.
Markets
Sempra's second-quarter profit jumps to $796 million
GAAP earnings rose to $1.21 a share as Sempra raised its 2026 EPS guidance and detailed record Texas grid demand.
Markets
ConocoPhillips names Andy O'Brien president and CEO
Ryan Lance moves to a transitional executive chair role and Konnie Haynes-Welsh becomes CFO as Andy O'Brien takes over as CEO.
Midstream & LNG
Cheniere raises 2026 guidance after Q2 revenue jumps 24%
Cheniere Energy posted $5.73 billion in second-quarter revenue and raised its full-year 2026 adjusted EBITDA and cash flow guidance.
Midstream & LNG
Cheniere raises 2026 guidance as Q2 net income climbs 89%
The LNG exporter posted $5.73 billion in second-quarter revenue and lifted its full-year 2026 EBITDA outlook to $7.90 billion-$8.40 billion.
Markets
McDermott wins letter of intent on ExxonMobil's Rovuma LNG project
McDermott's SMDC joint venture will do further engineering and procurement work on Rovuma LNG Phase 1 as ExxonMobil moves toward a final investment decision.
Midstream & LNG
Cheniere Energy revenue rises 24% in Q2, raises 2026 guidance
Cheniere Energy's second-quarter revenue rose 24% to $5.73 billion, and the company raised its full-year 2026 profit guidance.
Upstream
Valaris books exploration well and North Sea plug-and-abandonment work
Valaris picked up a two-well exploration program for drillship DS-18 and new North Sea contracts across its jackup fleet.
Upstream
YPFB Chaco sets 26 August start for Junín-9D gas well in Bolivia
YPFB Chaco will begin drilling the Junín-9D gas well in Bolivia's Santa Cruz department, targeting first production in November 2026.
Midstream & LNG
ExxonMobil awards McDermott engineering work for Rovuma LNG's next phase
McDermott's SMDC venture will keep doing engineering and procurement work on Rovuma LNG as Mozambique's Area 4 partners work toward a 2026 investment decision.
Power
Orsted brings 250 MW of battery storage online in Texas
Old 300 Storage, a 500 MWh system in Needville, is now feeding the ERCOT grid and is Orsted's 12th project in the state.
Every edition is kept. Browse the archive.