Energy news for September 29, 2026
September 29, 2026 · 8 stories
8 stories from across power and markets. The day led with XGS Energy picked for DOE funding to drill geothermal well in New Mexico.
Markets
XGS Energy picked for DOE funding to drill geothermal well in New Mexico
The Department of Energy selected XGS Energy for part of $99 million in geothermal funding to drill an appraisal well in New Mexico.
Policy
Energy Department seeks bids for 40 million barrels of SPR crude oil
The Department of Energy opened a bidding round to exchange up to 40 million barrels of Strategic Petroleum Reserve crude, with bids due October 6, 2026.
Power
PJM opens annual review of large load requests for 2027 forecast
PJM began evaluating utility proposals for data center and other large-load additions that will shape its 2027 Long-Term Load Forecast.
Policy
BLM opens comment period on February 2027 lease sale in New Mexico, Oklahoma
The Bureau of Land Management is taking input on 15 parcels covering 4,054 acres proposed for a February 2027 oil and gas sale in New Mexico and Oklahoma.
Midstream & LNG
Shell sanctions LNG Canada Phase 2, doubling Kitimat capacity to 28 mtpa
Shell Canada Energy has taken a final investment decision on LNG Canada Phase 2, doubling Kitimat's output to 28 million tonnes of LNG a year.
Power
AB Energy secures 2 GW of US data center power
AB Energy USA has secured about 2 gigawatts of on-site power for five data centers in Texas and Oklahoma, up from roughly 1 GW in March.
Markets
Saipem wins engineering contract for Profertil's Argentina urea plant expansion
Saipem won an engineering services contract from Profertil S.A. for a new 4,450-tonne-per-day urea plant at the company's fertilizer complex in Argentina.
Power
SEMIFIVE signs $52 million AI chip contract with US fabless company
The South Korean chipmaker's KRW 70.3 billion deal, its largest single contract yet, will produce a custom AI inference chip for tape-out in 2027.
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