Energy news for September 2, 2026
September 2, 2026 · 10 stories
10 stories from across markets and power. The day led with Orcadian and US data center developer sign 90-day North Sea gas deal.
Power
Orcadian and US data center developer sign 90-day North Sea gas deal
AIM-listed Orcadian Energy has 90 days to negotiate powering an offshore data center with gas from its Earlham and Orwell licenses.
Upstream
Georgina Energy completes civil works at Hussar helium prospect
The Australian explorer finished the conductor pipe, water well and airstrip work needed before drilling its subsalt Hussar prospect in Western Australia.
Markets
Shell completes $13.9bn ARC Resources acquisition
Shell has closed its US$13.9 billion buy of ARC Resources, adding about 370 kboe/d of Canadian liquids and gas production immediately.
Power
Hyperscale Data ends Michigan Bitcoin mining for AI contract worth up to $3 billion
Hyperscale Data turned off its Michigan Bitcoin miners on September 1 to ready the site for an AI customer under a deal that could top $3 billion.
Power
Grid investment must rise 50% to $600 billion a year by 2030, IEA says
The IEA says annual grid investment must climb from about $400 billion to roughly $600 billion by 2030, CIGRE's Paris Session heard.
Markets
Santos begins seawater injection at Alaska's Pikka oil project
Seawater injection at Pikka's Nanushuk Drillsite-B is running near 40,000 b/d, supporting Santos' push toward an 80,000 b/d plateau target by Q3 2026.
Upstream
Chevron plans $7 billion Venezuela expansion to double oil output
Chevron will invest more than $7 billion in its Venezuela joint ventures over five years, aiming to roughly double output to about 600,000 barrels a day.
Power
PJM issues maximum generation alert as Sept. 3 demand forecast hits 152,496 MW
PJM asked generation owners to defer maintenance and secured a DOE emergency order as demand nears a 152,518 MW peak this week.
Markets
Santos starts seawater injection at Pikka, aims for 80,000 bbl/d by Q3 end
Water injection at Santos's Pikka project on Alaska's North Slope is running at 40,000 barrels a day, a step toward the 80,000 bbl/d plateau target.
Markets
US LNG exports jumped 23% in first half of 2026, EIA says
US LNG exports averaged 17.4 Bcf/d in H1 2026, up 23% year over year, as new terminal capacity and a Hormuz supply disruption both pushed exports higher.
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