United StatesEnergy

BP (NYSE:BP) expects stronger oil realizations to add US$1.8 billion–US$2.1 billion to second-quarter upstream earnings despite production falling to 2.17 million–2.22 million boe/d.

Brent crude rose US$2.74, or 3.29%, to US$86.04, while West Texas Intermediate crude gained US$2.21, or 2.83%, to US$80.35 as renewed U.S.-Iran attacks threatened Strait of Hormuz energy flows.

President Donald Trump said the United States was reinstating a naval blockade on Iran after Tehran claimed it had closed the Strait of Hormuz, a major global oil shipping route.

Halliburton (NYSE:HAL) secured major integrated well construction contracts for the GranMorgu deepwater development offshore Suriname, operated by TotalEnergies, covering drilling and completion services under a long-term program.

Greenfire Resources (NYSE:GFR) agreed to acquire private thermal oil sands producer Connacher Oil and Gas for an estimated C$1.277 billion in cash, net of expected closing adjustments, expanding its production base and reserves position.

Emera (NYSE:EMA) declared quarterly dividends on its common shares and First Preferred Shares, including a payment of $0.7325 per common share scheduled for August 17, 2026.

Chevron (NYSE:CVX) signed a five-year natural gas supply agreement with Alinta Energy to deliver 46 petajoules of gas in Western Australia from July 2027, extending a partnership that has operated for more than 40 years.

Carlyle (NASDAQ:CG) agreed to sell Copia Power, a U.S. developer, owner and operator of integrated energy and digital infrastructure campuses, to EQT Infrastructure VII, with the transaction expected to close by the end of 2026.

BP (NYSE:BP) Chief Executive Officer Meg O’Neill announced that the company is actively simplifying its operational portfolio.

Baker Hughes (NASDAQ:BKR) and Kodiak Gas Services (NYSE:KGS) have finalized a multi-year strategic agreement to design and deploy custom gas turbine power solutions aimed at addressing rapid power constraints in U.S. data center and energy infrastructure markets.

Digi Power X (NASDAQ:DGXX) reported progress across its Alabama AI data center campus, with Phase 1 still targeted for December 2026 and Phase 2 targeted for Q1 2027.

UniTek Global Services acquired Concurrent Utility Services, a specialty infrastructure services company focused on power grid modernization and connectivity, to expand its Power Services Division.