Energy news for August 7, 2026
August 7, 2026 · 13 stories
13 stories from across upstream and power. The day led with Vaalco Energy tops guidance in second quarter, net income hits $42.4 million.
Upstream
Vaalco Energy tops guidance in second quarter, net income hits $42.4 million
Vaalco Energy sold 17,812 net barrels a day in the second quarter, above guidance, and posted net income of $42.4 million.
Policy
EPA proposes reissuing Cook Inlet oil and gas exploration discharge permit
EPA Region 10 has proposed reissuing the discharge permit for oil and gas exploration in Cook Inlet's federal waters; comment is open through Sept. 21.
Upstream
Invictus Energy sets November spud for Musuma-1 well in Zimbabwe
Invictus Energy has secured Exalo Rig 202 for the Musuma-1 well at Cabora Bassa, a target holding an estimated 1.2 Tcf of gas and 73 million barrels of condensate.
Midstream & LNG
Saipem-led venture signs $32 million letter of intent on Rovuma LNG in Mozambique
The SMDC joint venture will handle preliminary engineering and procurement for the Rovuma LNG onshore plant, with a final investment decision expected within 2026.
Midstream & LNG
Saipem signs letter of intent for Mozambique LNG project
The Milan contractor's SMDC joint venture will do preliminary engineering on Rovuma LNG Phase 1 in Mozambique, worth $32 million to start.
Upstream
Chord Energy reports oil and water spill in Williams County, North Dakota
The company recovered all 325 barrels of produced water and 75 gallons of crude oil spilled at its Thomas 4I tank battery near Epping, North Dakota.
Power
Montera Infrastructure backs Abbott's Texas data center standards
The hyperscale data center developer, backed by Stonepeak, will report its power and water use to Texas regulators under Governor Abbott's proposed standards.
Markets
US rig count holds at 588 as Permian gains three rigs
Baker Hughes reported no change in the US rig count last week, with a Permian gain offset by drops elsewhere and Canada down to 216 rigs.
Power
Friends of Science Society challenges net zero case for Canada's grid plan
Friends of Science Society cites wildfire power outages in British Columbia as evidence against Canada's $1 trillion net zero grid plan.
Power
Energy Concepts unveils Plato5X, an off-grid power system for data centers
Energy Concepts says its patent-pending Plato5X platform lets AI data centers generate power, water and captured carbon on-site without tapping the grid.
Upstream
Coast Guard proposes safety zone around Shell's Whale platform in Gulf of America
The Coast Guard wants a permanent 500-meter safety zone around Shell's Whale floating production system in the Gulf of America.
Policy
Aberdeen Renewable Energy Group asks ministers to meet Northeast Scotland firms
AREG has invited new UK Energy Secretary Miatta Fahnbulleh to meet Northeast Scotland's energy companies and discuss the energy transition.
Upstream
SLB and Equinor to upgrade stimulation vessel for Norway's tight reservoirs
SLB and Equinor signed a multi-year deal to convert the MV Island Captain into a fully proppant-capable stimulation vessel for Norway's shelf.
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