Energy news for September 30, 2026
September 30, 2026 · 8 stories
8 stories from across markets and power. The day led with Rockhopper's Sea Lion valuation rises to $2.95 billion on Navitas FPSO deal.
Upstream
Rockhopper's Sea Lion valuation rises to $2.95 billion on Navitas FPSO deal
Rockhopper says a $200 million capital raise and Navitas's purchase of a second floating platform lift its Sea Lion stake to a $2.95 billion valuation.
Upstream
Borr Drilling adds rig contracts in West Africa and the UK
Borr Drilling lined up new work for three jack-up rigs, including a West Africa letter of award and a UK accommodation contract.
Power
PJM starts reviewing 617 power projects under new interconnection process
PJM's revamped interconnection process entered its first review phase on Sept. 28, covering 617 proposed generation projects worth nearly 169 GW.
Markets
OPEC+ to hold November oil output steady, Gulf supply still short
Seven OPEC+ members are expected to leave crude targets unchanged for November as Gulf exports recover from Iran war disruptions.
Power
Project Star pairs 6.47 GW gas plant with Texas data center campus
The $22 billion Project Star campus in Encinal, Texas pairs 6.47 GW of gas power with a 5 GW data center, backed by the US and South Korea.
Geopolitics & Supply
Amplitude Energy sanctions Otway gas project, adds exploration well
Amplitude Energy sanctioned its East Coast Supply Project in the Otway Basin and will drill the Nestor exploration well using the same rig.
Policy
FERC accepts PJM backstop power plan but delays it to February 2027
FERC approved PJM's Reliability Backstop Procurement on Sept. 29 but suspended it for five months, setting an effective date of Feb. 28, 2027.
Markets
Tropical Storm Hanna weakens over the Atlantic, forecast to dissipate by Oct. 4
NHC's Advisory Number 8 tracks Hanna's slide from a 35-knot tropical storm to a dissipated remnant low within days.
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