Energy news summaries — Page 2
Essential facts and source links for recent energy stories.
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Chevron plans about 20 exploration wells as it expands its search
Chevron plans about 20 exploration wells next year and five or six appraisal wells. Exploration chief Kevin McLachlan says his exploration budget will rise more than 50% from 2025; 2026 spending is expected to exceed $1.5 billion, up from just under $1 billion in 2025. -
Canada explores a Paris Agreement route to sell carbon removals abroad
Environment Minister Julie Dabrusin said Thursday Canada is exploring a Paris Agreement framework for trading carbon credits, so buyer countries could count eligible Canadian emissions cuts or removals toward their targets. Ottawa sees export potential. -
NextEra agrees to acquire 49% of Chesapeake’s Florida gas pipeline
NextEra Energy Resources agreed on Sept. 1 to acquire a 49% stake in Chesapeake Utilities’ estimated $1.2 billion Florida Energy Pathway, a gas pipeline from Palm Beach County to Miami-Dade County. Chesapeake’s Peninsula Pipeline will retain 51% and operate it. -
Fervo Energy shares climb as Cape Station reaches first power
Fervo Energy shares rose Thursday after the company announced that its Cape Station project in Beaver County, Utah, achieved First Power. The project is the first utility-scale enhanced geothermal plant to operate and sell electricity to the grid. -
U.S. factories’ cumulative solar-module output reaches 100 GWp
By Q2 2026, U.S. factories had cumulatively produced 100 gigawatts-peak direct-current (GWp) of solar PV modules, according to PV Magazine USA. The factory-by-factory tally counts actual output, not announced projects or projected capacity. -
Data centers are pushing the aging U.S. power grid toward an overhaul
Rising data-center demand is straining the aging U.S. grid as tech companies invest directly in power infrastructure. The Energy Department projects data-center electricity use could nearly triple, reaching up to 12% of U.S. demand by 2028. -
Constellation agrees to buy Rhode Island gas plant from Shell for $715 million
Constellation Energy agreed Sept. 10, 2026, to buy the Rhode Island State Energy Center from Shell Energy North America for $715 million. The 609-MW natural-gas plant sells power into ISO New England; after expected first-year tax benefits, the effective price is about $580m. -
U.S. gas prices could set September record if monthly average holds at $4.30
U.S. gas averaged $4.30 a gallon for September through Thursday, putting the month on pace to exceed the 2023 September record by nearly 50 cents if the average holds, AAA said. Thursday’s average was $4.48; AAA cited high crude prices and Strait of Hormuz volatility. -
Chris Wright sounds out refiners on voluntary diesel export limits
US Energy Secretary Chris Wright has sounded out major refiners on voluntary diesel-export limits as the Trump administration seeks an alternative to a short-term ban. The terms and industry response are unclear; AAA says US diesel is about $6.52 a gallon. -
Matt DiLallo starts buying Bloom Energy after shares fall over 20% from peak
Matt DiLallo of The Motley Fool says he has begun buying Bloom Energy after its shares fell more than 20% from their peak amid concerns AI spending may slow. After rising over 700% since mid-2025, Bloom forecasts 100% revenue growth to about $4 billion this year. -
Saudi intercepts six Houthi missiles as Brent rises 4% to $107.90
Brent crude climbed 4% to $107.90 a barrel on Thursday after Saudi forces intercepted six ballistic missiles fired by Yemen’s Iran-backed Houthis toward Taif and Yanbu, a key alternative route for oil exports. Damage and casualties were unclear; Brent later eased to about $105. -
Wright warns U.S. diesel export ban could raise gasoline, jet-fuel prices
Energy Secretary Chris Wright said Sept. 23 that a U.S. diesel-export ban could force refineries to cut output, putting upward pressure on gasoline and jet-fuel prices. Trump backed the idea Sept. 22; the administration is weighing a full or partial ban. -
Centrus finalizes terms on $900 million DOE order for HALEU expansion
Centrus Energy finalized terms on a $900 million Department of Energy order July 1 to expand enrichment of HALEU, a fuel for advanced reactors, at its Piketon, Ohio, plant. The project would enable production of up to one metric ton by July 2032. -
Four engineering firms sign nonbinding BWRX-300 pact for Europe
GE Vernova, Hitachi, Samsung C&T and Poland-based SGE signed a memorandum to cooperate on market development and commercial opportunities for the BWRX-300 small modular reactor in Europe. The nonbinding pact sets no firm project commitments. -
Brent tops $103 as oil gains continue amid US-Iran deadlock
Oil prices rose 0.4% Thursday after a 4% gain in the prior session, as US-Iran talks showed no concrete progress. At 0630 GMT, Brent was $103.51 a barrel and WTI $92.51; Tehran was reviewing Washington’s response to its peace proposals, an Iranian official said. -
U.S. reliance on China for rare earths will persist well into the 2030s
U.S. dependence on China for rare earths will last well into the 2030s despite growing domestic output. Output of its two most-used types has more than tripled but meets only 42% of demand. Trump and Xi may discuss extending China’s delay of rare-earth export restrictions on aال? -
Tesla shows 16-stall Accordion Supercharger designed to cut installation costs by 20%
Tesla has shown its first Accordion Supercharger, a preassembled 16-stall unit shipped on one truck and designed for 20% lower installation costs and commissioning without a technician. It could help address slower network growth as BYD expands fast charging in China. -
John Divine eyes VIX and natural gas as U.S. oil reserve hits lowest since 1983
The U.S. Strategic Petroleum Reserve stands at 285 million barrels, its lowest level since 1983. Analyst John Divine says Washington has little room to curb oil prices; he sees a sustained VIX above $21-$23 as a stock-risk signal and natural gas as a possible hedge. -
El-Sayed puts Trump’s ‘I did that’ stickers on pumps as Michigan gas hits $4.93
Michigan Senate nominee Abdul El-Sayed put Trump’s “I did that” stickers on gas pumps Tuesday as former Vice President Kamala Harris campaigned with him. He blamed Trump and Washington Republicans for prices AAA said had reached $4.93 a gallon. -
Vanguard's VDE outpaced iShares' ICLN with a 46.8% one-year return
As of Sept. 18, 2026, Vanguard's VDE returned 46.8% over a year, versus 18.5% for iShares' ICLN. VDE holds U.S. oil and gas firms; ICLN targets global clean energy. Over five years, ICLN's maximum drawdown was 57.2%, against 26.6% for VDE. -
Google backs Vogtle and Hatch upgrades that could add 96 MW
Georgia Power and Google announced Sept. 21 an agreement to support upgrades at the Vogtle and Hatch nuclear stations that could add about 96 megawatts, subject to regulatory approval. Georgia Power projects roughly $900 million in customer benefits over the units’ lifetimes. -
U.S. diesel futures lose 4% after White House rejects export-ban report
U.S. diesel futures fell 4% Wednesday to $4.7437 a gallon after Politico reported a 90-day ban on exports; a White House official said the report was incorrect. Trump backed a ban Tuesday, but Energy Secretary Chris Wright said no decision had been made. -
Bloom Energy, GE Vernova cast as plays on Morgan Stanley's 33-GW power gap
Morgan Stanley says the U.S. could face a roughly 33-GW power shortfall through 2028 despite onsite generation and other accelerated power solutions. Insider Monkey contrasts Bloom Energy's on-site fuel cells with GE Vernova's turbines and grid equipment.
