Energy news for October 5, 2026
October 5, 2026 · 9 stories
9 stories from across markets and geopolitics & supply. The day led with Baker Hughes signs gas alliance with PDVSA, MOU with New Stratus in Venezuela.
Markets
Baker Hughes signs gas alliance with PDVSA, MOU with New Stratus in Venezuela
Baker Hughes will help PDVSA, Lindsayca and Fulcrum LNG rebuild Venezuela's gas network, plus a separate deal on future oil and gas prospects.
Markets
Baker Hughes signs alliance with PDVSA to rebuild Venezuela gas network
Baker Hughes struck a Caracas alliance with PDVSA, Lindsayca and Fulcrum LNG, plus a deal with New Stratus Energy, to rebuild Venezuela's gas sector.
Geopolitics & Supply
Brent crude climbed from $72 to a $109 peak in the third quarter
Brent oil prices rose through the third quarter of 2026 as Middle East conflict persisted, peaking near $109 a barrel in September, EIA data show.
Geopolitics & Supply
DOE commits $150 million in defense funds to Alaska grid project
The Energy Department will direct Defense Production Act funding toward a $418 million transmission line linking Southcentral and Interior Alaska.
Markets
Baker Hughes signs two deals to rebuild Venezuela's gas and oil sector
The company allied with PDVSA, Lindsayca and Fulcrum LNG on gas infrastructure, and separately signed New Stratus Energy on future oil and gas prospects.
Markets
OPEC+ keeps November oil output targets unchanged
OPEC+'s seven core members held November production ceilings unchanged, though actual output remains well below quota amid Iran war disruptions.
Policy
DOE commits up to $4.2 billion to upgrade Vistra's nuclear plants
The Energy Department will finance nuclear uprates at Vistra plants in Pennsylvania and Ohio, adding 433 megawatts of capacity across the PJM grid region.
Power
Orcadian ends Earlham joint development deal with American data center partner
Orcadian and its American data center partner have called off their non-exclusive Earlham deal, with no fees owed by either side.
Power
atNorth plans €2 billion data center in Salo, Finland
The Nordic colocation provider will build FIN05 on a 28.6-hectare site in Salo, with an initial 75 MW phase and room to grow to 230 MW.
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