United StatesEnergy

Saudi Arabia and other Gulf oil producers have reduced crude prices for Asian buyers as exporters compete for market share amid weaker demand and increased supply availability.

Fluor (NYSE:FLR) said it was selected by Saudi Aramco as a Program Management Consultancy contractor under a Long-Term Agreement to support the company’s global capital projects portfolio.

Shell (NYSE:SHEL) issued an updated Q2 2026 outlook ahead of its July 30, 2026 results, covering production, margins, costs, taxation, and cash flow across its business segments.

Solaris Energy Infrastructure (NYSE:SEI) announced it executed an agreement to acquire Global Energy Services Alliance to scale up its full-cycle power generation solutions.

Oil prices fell on Monday after OPEC+ agreed to increase production targets starting in August, adding pressure to a market already focused on improving global supply conditions.

Kosmos Energy (NYSE:KOS) reported strong operational progress in the first half of 2026, driven by higher production from its Jubilee field in Ghana and steady LNG performance in Mauritania and Senegal.

Obsidian Energy (NYSE:OBE) said it has closed its Belly River light oil acquisition in Willesden Green for approximately $98 million.

Woodside Energy Group (NYSE:WDS) announced that non-executive director Tony O’Neill will resign from the board effective 1 July 2026.

PowerBank (NASDAQ:PBK) announced that its subsidiary, Abundant Solar Power, has signed an operations and maintenance agreement with Honeywell for a 21 MW portfolio of three New York community solar projects.

Oklo (NYSE:OKLO) announced that it has acquired Creative Engineers, an industry leader in chemical process engineering with extensive expertise in sodium and alkali-metal systems.

PowerBank (NASDAQ:PBK) announced that its US subsidiary, Abundant Solar Power, has been awarded a contract by the United States Department of Defense and the Department of the Army to construct a photovoltaic array, electric vehicle chargers, and associated infrastructure at the Armed Forces Reserve Center in Farmingdale, New York.

Trinity Biotech (NASDAQ:TRIB) launched Trinovium, a subsidiary dedicated to advanced liquid cooling fluids and intelligence systems for AI and high-performance computing data centers.