Google will fund a 1 GW virtual power plant run by Voltus on the PJM grid, expanding a 100 MW deal from June. Homes and businesses cut load when the grid is strained. For data center planners, flexible demand is starting to count as capacity.

GM has terminated a long-term rare-earth magnet supply deal tied to VAC's $500 million South Carolina plant, Reuters reports, citing documents. VAC's US unit is seeking damages in arbitration. A real test for US magnet supply chains built around one anchor buyer.

Strathcona wants a 250,000 b/d crude export terminal at Prince Rupert, BC, which would need an exemption from Canada's 2019 tanker ban. About 90% of Canada's oil exports go to the US; a new Pacific outlet would test that dependence.

Chevron is exploring the sale of older US Gulf stakes, including Petronius, Tubular Bells and Llano, the company told Reuters. Two people familiar with the process put the package near $1 billion. The aim: focus capital on its 300,000 boe/d Gulf target.

Chevron is taking its Permian playbook to Argentina. At El Trapial in Vaca Muerta it plans to go from one rig to three by early 2029 under a $13.8B, 30-year plan pending approval. Bringing a well online there costs about 30% more than in the Permian, per Reuters. #Argentina

Brent topped $114 a barrel on ICE, its highest since early May, as Houthi attacks on Saudi energy sites and a Libyan pipeline shutdown fed supply fears. For US refiners and fuel buyers, crude costs stay under pressure into Q4.

Valero earned $6.8 billion in Q3, up from $1.1 billion a year earlier, while refinery throughput held near 3 million b/d. The driver was margin, not volume: about $39 per barrel. For project teams, the open question is how long that spread lasts.

DOF has won a deepwater subsea installation contract off Africa. Skandi Acergy will install subsea production systems in a ~100-day campaign from early Q1 2027, with engineering run from Bergen and Aberdeen. #Subsea

Washington's Venezuelan oil deal gives the US a 35% stake in NABEP's parent and the right to buy 20% of its oil at $30 a barrel, with first priority on the rest for 50 years, ProPublica reports. Brent is near $110. #Venezuela

Saudi Aramco wants partner countries to help expand its strategic oil stockpile, CEO Amin Nasser said, adding Saudi output recovered to about 8 million b/d in September. For US refiners, where barrels sit matters as much as how many are pumped.

Valero's refining margin hit $39.24 per barrel of throughput in Q3 2026, up from $13.14 a year earlier, with net income of $6.8B. For refinery planners, the key question is how long margins this wide can last. #Refining

20.8 GW: Adani Green Energy’s operational renewable capacity at the end of September. The Indian developer posted a roughly 16% rise in quarterly profit on higher power sales, per Reuters.

What usually sets the pace for a new gas-fired power plant? Turbine delivery Grid connection Gas supply Permitting

GE Vernova will supply a gas turbine and generator for a 372 MW combined-cycle power plant in Côte d’Ivoire, with operation targeted for 2029. Next milestone: equipment delivery and construction progress toward that date.