Energy news for September 3, 2026
September 3, 2026 · 13 stories
13 stories from across power and markets. The day led with NANO Nuclear moves KRONOS reactor's helium circulator into detailed design.
Markets
NANO Nuclear moves KRONOS reactor's helium circulator into detailed design
NANO Nuclear and Howden, a Baker Hughes business, have advanced the helium circulator for the KRONOS MMR reactor from preliminary engineering to detailed design.
Markets
Baker Hughes signs deal to evaluate 120 wells at OGDCL's Pakistan fields
The multi-year contract, signed in Islamabad on 2 September 2026, covers OGDCL's Tando Alam Oil Complex and Pirkoh field.
Upstream
RH Petrogas well test confirms gas, condensate and oil in Papua
A test at RH Petrogas' Northwest Klagagi-1 well in Papua flowed gas, condensate and an unplanned oil rim, while a deeper zone came up dry.
Midstream & LNG
Williams completes acquisition of Momentum Midstream's Haynesville business
The deal adds more than 4,000 miles of pipe, over 1 million acres and 6 Bcf/d of gathering capacity in the fast-growing Haynesville shale.
Markets
Baker Hughes to evaluate 120 wells at OGDCL's Pakistan fields
The multi-year contract, signed in Islamabad on 2 September 2026, targets mature fields at Tando Alam and Pirkoh for redevelopment.
Upstream
Woodside and Pemex sign MOU to explore new Gulf of Mexico deepwater work
Woodside and Pemex signed a non-binding deal to explore new Gulf of Mexico deepwater opportunities, building on their $7.2 billion Trion project.
Policy
DOE orders Duke Energy to secure Carolinas grid through Labor Day weekend
The Department of Energy authorized Duke Energy to dispatch extra generation in the Carolinas through September 8 as hot weather raises blackout risk.
Power
Flex to acquire EPC Power for $4.4 billion in data center deal
Flex agreed to buy power conversion maker EPC Power for $4.4 billion, adding 800-volt data center technology to its Cloud and Power Infrastructure segment.
Power
ERCOT hourly power load hit a record 74.5 gigawatts in late August
Sustained heat pushed ERCOT's average hourly power demand to a record 74.5 gigawatts for the week ending August 22, 2026, 6% above the 2023 record.
Midstream & LNG
Williams completes acquisition of Momentum Midstream's Haynesville platform
Williams closes on Momentum Midstream's Haynesville assets, adding more than 4,000 miles of pipe and 6 Bcf/d of gathering capacity.
Power
SLB buys Kelvion for $3.4 billion in cash-and-debt deal
SLB will pay $3.4 billion in cash and assume $0.7 billion in debt to buy thermal management supplier Kelvion from Apollo and Triton-backed funds.
Upstream
Diversified Energy buys Birch Permian for $1.8bn.
Diversified Energy's $1.8 billion purchase of Birch Permian, funded through an asset-backed securitization with Carlyle, is its largest deal in 25 years.
Power
Equinor's East Point starts up 100 MW battery storage plant in Texas
East Point Energy has started operations at the 100 MW/200 MWh Citrus Flatts battery storage facility in Harlingen, Texas, its second project for Equinor.
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