Energy news for August 25, 2026
August 25, 2026 · 9 stories
9 stories from across upstream and markets. The day led with D.C. Circuit upholds FERC's approval of Venture Global's CP2 LNG terminal.
Policy
D.C. Circuit upholds FERC's approval of Venture Global's CP2 LNG terminal
A three-judge panel rejected challenges to the CP2 LNG terminal and its 91-mile pipeline, upholding FERC's 2025 approval in Louisiana.
Upstream
BP awards Halliburton contract for Bumerangue field appraisal in Brazil
Halliburton will run an integrated drilling and evaluation program for BP's appraisal of the Bumerangue field in Brazil.
Markets
Targa Resources names new logistics president, CFO succession set
Brent Secrest, formerly of Enterprise Products Partners, will lead Targa's logistics business as Benjamin Branstetter moves to CFO.
Markets
US rig count falls to 588 even as Permian and Texas rigs climb
Baker Hughes counted 267 rigs in the Permian Basin and 281 in Texas for the week of Aug. 21, as the national count slipped to 588.
Markets
Nvidia invests in Lancium to power AI factories at gigawatt scale
Nvidia will deploy its full AI computing stack across Lancium's 4-gigawatt AI factory campuses and 15-gigawatt development pipeline.
Policy
BLM opens comment period on Nevada oil and gas lease parcels
The Bureau of Land Management is taking public comment on three Nevada parcels covering 5,230 acres eyed for a March 2027 lease sale.
Upstream
Troll Phase 3 stage 2 starts North Sea gas output months ahead of schedule
Troll Phase 3 stage 2 began gas output 22 August, early and under budget, from a field that supplies about a tenth of Europe's gas.
Upstream
Eco Atlantic says Navitas well target holds 640 million barrels
Navitas' quarterly report estimates a Falklands exploration target at 640 million barrels of oil, with Eco Atlantic's share at about 225 million barrels.
Upstream
Troll Phase 3 stage 2 starts gas production in the North Sea
The subsea project began pumping gas into Troll A on August 22, accelerating production of 55 billion cubic meters from the Troll West reservoir.
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