Energy news for October 7, 2026
October 7, 2026 · 7 stories
7 stories from across upstream and markets. The day led with Storm evacuations shut in a quarter of Gulf of America oil output.
Upstream
Storm evacuations shut in a quarter of Gulf of America oil output
Gulf of America operators have shut in 25% of oil output and 16% of gas output amid storm evacuations, the Marine Minerals Administration says.
Markets
Valaris adds $220 million in new contracts, led by a PETRONAS Suriname deal
The offshore driller logged new contracts and extensions across its fleet, the largest a PETRONAS exploration deal in Suriname.
Upstream
KBR wins Aramco contract to upgrade Marjan offshore field
KBR will handle engineering and project execution for upgrades to processing, compression and power systems at Aramco's Marjan offshore field.
Upstream
Vaalco's ETSEM-3H well flows 2,000 barrels a day off Gabon
Vaalco's ETSEM-3H well is producing about 2,000 barrels a day off Gabon, closing Phase 3 as Baobab Phase 5 drilling begins off Côte d'Ivoire.
Upstream
KBR wins Aramco contract to upgrade Marjan offshore field
KBR will provide engineering and project execution services for Saudi Aramco's Marjan offshore field upgrade in the Arabian Gulf.
Upstream
Indonesia Energy preps deeper WK-5 well at Kruh Block after K-29 comes online
IEC plans to spud WK-5 to about 5,200 feet, deeper than K-29, to test formations found by its 3-D seismic survey of Sumatra's Kruh Block.
Power
Linux Foundation launches OpenGrid to standardize grid planning data
OpenGrid is a new open source initiative meant to give every country access to high-quality grid planning tools by 2030.
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