USA EIA Reveals Latest Oil Price Forecast
The U.S. Energy Information Administration revealed its latest oil price forecast for 2026 and 2027 in its July short term energy outlook.
Sage Potash Kicks off Drilling After Completing Rig Set-Up
(TSXV: SAGE) (OTCQB: SGPTF) Sage Potash Corp. announced the initiation of drilling at its Sage Plain Potash Project in the Paradox Basin, southeast Utah. Drake Well Service Inc. has been engaged to provide drilling services and completed all equipment mobilization and setup at the Project site. Site preparation was completed the week of June 29, 2026 by Crowley Construction, and drilling began on July 08, 2026. The company anticipates about 20 days to reach the Cycle 18 potash horizon at a depth of approximately 2,100 meters (6,890 feet). The drilling program includes continuous potash core recovery for laboratory assays to determine potash grades and thicknesses, and core will also be analysed for geo-mechanical properties and hydrogeological testing. All detailed core logging, sampling, and preparation for assaying will take place at the SRC Laboratory in Saskatoon, Saskatchewan. The Paradox Basin potash deposits targeted by this program host multiple potash-bearing horizons, including the highly prospective Cycle 18 Upper and Lower beds, which represent the Company's primary exploration targets.
Trillion Energy Announces Amendment to M47 Farm-In Agreement Gaining Additional Flexibility Through 2027 for Earn-in Commitments
(CSE: TCF) (OTCQB: TRLEF) Trillion Energy International Inc. announced an extension and restructuring of payments required in its earn-in agreement for the M47c,d oil block in the Cudi-Gabar petroleum province of southeastern Türkiye. The company advanced USD$300,000 on July 4, 2026, as part of its earn-in commitment, with approximately USD$4.35 million payable by September 15, 2026, and further payments postponed until September 2027. Trillion's financial commitment will cover 80% of the next component of the work program, and its entire earn-in commitment totals $15 million. The M47c,d oil block covers approximately 450 km² and is located approximately 11 km southeast of the Şehit Aybüke Yalçın field, Türkiye's largest onshore light oil discovery. An independent NI 51-101 resource evaluation identified a 2C Contingent Resource of 27.6 MMbbl on the North Discovery with an unrisked NPV-10 of USD$733.5 million, and a total unrisked resource potential of 51.6 MMbbl net to Trillion across three prospects. The North Block has the potential for up to 80 vertical development wells, subject to commerciality, which has been evaluated at 81% chance of commerciality by independent appraisal on a 95,315 MSTB gross PIIP-derived resource. The company targets meaningful production to start later this year upon meeting its earn-in commitment and commencing well drilling/workover activities.
OZOP Energy Solutions, Inc. Highlights Varon USA’s Joint Venture with Ballislife Through Latest NBA Athlete Partnership
(OTC:OZSC) OZOP Energy Solutions, Inc. today highlighted continued progress within Varon Corp.’s U.S. subsidiary, Varon USA, and its joint venture with Ballislife, Inc. through the addition of another NBA athlete partnership. Ballislife Drink Inc. recently signed Coby White as both a brand ambassador and equity partner, expanding the brand's roster of NBA athlete partners. Ballislife Drink, Inc. was formed in December 2025 as a joint venture entity with Varon USA and Ballislife Inc. Ballislife Inc., founded in 2005 by Matt Rodriguez and Arek Kissoyan, has more than 28 million followers across social platforms, over 450 million video views per month, and more than 36 billion lifetime video views. Varon Wellness owns a 60% equity ownership in Vitagua and holds Canadian distribution rights to Bucked Up, whose products are now offered in over 75,000 stores worldwide. Varon USA holds approximately 35% ownership interest in Ballislife Drink, Inc. The company projects continued expansion into key basketball markets and long-term partnerships with athletes who embody the brand's commitment to performance, authenticity, and basketball culture.
American Fusion Inc. (OTC: AMFN) Developing Tech that Converts Energy into Portable Asset for Military, Commercial Sectors
(OTC: AMFN) American Fusion(TM) Inc. announced its placement in an editorial published by NetworkNewsWire (“NNW”), highlighting the company's development of the Texatron(TM), a compact, aneutronic, truck-deployable Fusion Engine(TM) capable of producing anywhere from 0.5 megawatt (“MW”) to more than 100 MW of clean power. The Texatron(TM) is designed to operate without turbines, steam cycles, or vulnerable fuel logistics. American Fusion(TM) Inc. operates through its wholly owned subsidiary Kepler Fusion(TM), which is focused on modular, infrastructure-grade deployment for industrial, commercial, and grid-constrained applications. The company has changed its name and is operating under the American Fusion brand following its previously announced merger with Kepler. Kepler Fusion Technologies emphasizes system-level engineering, disciplined intellectual property protection, and scalable architectures intended to support long-term commercial operation. The company’s strategy is centered on building a scalable, infrastructure-grade fusion energy platform supported by proprietary technology, disciplined intellectual property development, and long-term commercial deployment objectives. The company projects that if the technology succeeds, it can convert energy from an operational liability into a portable, self-sufficient asset for both military and commercial customers.
Energy & Utilities Roundup: Market Talk
Crude oil futures are experiencing fluctuations as market participants closely monitor the activities of major players like Shell and BP. These companies are pivotal in shaping supply dynamics, and any shifts in their production strategies can significantly impact oil prices. Investors should be particularly attentive to how these firms are responding to current geopolitical tensions and regulatory changes, as these factors can influence both demand and supply. Additionally, the ongoing discussions around energy transition and sustainability initiatives may affect investment flows within the sector, potentially altering traditional oil market dynamics. The dollar's strength remains a critical factor, as a stronger dollar typically pressures oil prices lower, while inflationary pressures could lead to increased demand for physical assets like crude. Inventory data will also play a crucial role in determining market sentiment; a draw in inventories could signal tightening supply, while builds may indicate weakening demand. Refinery capacity utilization rates are another key metric to watch, as higher utilization can lead to increased demand for crude oil, supporting prices. Overall, the interplay between these elements will be essential in shaping the trajectory of oil prices in the near term. Investors should remain vigilant and ready to adjust their strategies based on these evolving market signals.
Important Notice to Long-Term Shareholders of GRAIL, Inc. (NASDAQ: GRAL); New Era Energy & Digital, Inc. (NASDAQ: NUAI) (FKA New Era Helium (NASDAQ: NEHC)); Photronics, Inc. (NASDAQ: PLAB); and Power Solutions International, Inc. (NASDAQ: PSIX): Grabar Law Office is Investigating Claims on Your Behalf
(NASDAQ: GRAL) Grabar Law Office is investigating claims on behalf of shareholders of GRAIL, Inc. (NASDAQ: GRAL) regarding alleged breaches of fiduciary duty and securities fraud related to the NHS-Galleri cancer screening trial, which failed to achieve its primary endpoint of a statistically significant reduction in Stage III-IV cancers as announced on February 19, 2026. The complaint alleges that GRAIL, Inc. made false and/or misleading statements about the likelihood of the trial's success and highlighted positive interim metrics while omitting material information about the study's design and follow-up period. Following the announcement, GRAIL's stock price fell more than 50% in a single trading day. (NASDAQ: NUAI) Grabar Law Office is also investigating New Era Energy & Digital, Inc. (NASDAQ: NUAI), formerly New Era Helium (NASDAQ: NEHC), for alleged false and misleading statements regarding its Texas Critical Data Centers project, permitting progress, and related-party oil and gas transactions, with a federal lawsuit filed by the New Mexico Attorney General on December 29, 2025. (NASDAQ: PLAB) Photronics, Inc. (NASDAQ: PLAB) is under investigation for allegedly making materially false or misleading statements about demand for its high-end IC photomask products, with its stock price dropping from $53.51 to $34.02 per share (a 36.4% decline) on May 28, 2026, after reporting revenue below expectations and an 11% sequential decline in IC revenue. (NASDAQ: PSIX) Power Solutions International, Inc. (NASDAQ: PSIX) is being investigated for allegedly overstating its ability to capture sales demand in the data center market and understating the impact and costs of manufacturing capacity enhancements. The company projects that additional follow-up may be necessary to adequately assess the NHS-Galleri trial's effectiveness. Investors in all four companies are encouraged to seek corporate reforms, the return of funds, and court-approved incentive awards at no cost.
Anfield Energy Announces Lease of Additional Patented Mining Claims Expanding Land Holdings for JD-5 and Slick Rock Projects
(NASDAQ: AEC) Anfield Energy Inc. announced that its wholly-owned subsidiary, Highbury Resources Inc., has entered into a Mining Lease Agreement dated July 1, 2026, with Gold Eagle Mining Inc. for two additional patented mining claims in southwestern Colorado. The Properties, Slick Rock Claim and Paradox D Claim, will be added to Anfield’s holdings for the JD-5 and Slick Rock projects and incorporated into upcoming mine design and permitting activities. The Lease grants Highbury exclusive rights to explore, develop, mine, extract, remove, process, store, ship, and sell minerals from the Properties, with a perpetual term. Highbury will pay all annual property taxes assessed against the Slick Rock Claim and maintain comprehensive general liability insurance with limits of not less than $1,000,000 per occurrence and $2,000,000 in the aggregate, naming Gold Eagle as an additional insured. No royalties, rents, or other production-based payments are required under the Lease. The Paradox D Claim grants Highbury non-exclusive rights to use the surface for ancillary mining support activities, subject to coordination with DISA Technologies Inc. The company projects the integration of these Properties into mine design and permitting for the JD-5 and Slick Rock projects as part of its hub-and-spoke uranium-vanadium strategy.
Diamond Equity Research Initiates Coverage on Idaho Copper Corporation (NYSE American: COPR, COPR WS)
(TSX:COPR) Idaho Copper Corporation is the subject of a new 38-page initiation of coverage report by Diamond Equity Research LLC, commissioned for $50,000 and commencing 04/16/26. The CuMo Project hosts approximately 2.27 billion short tons of Measured and Indicated resources and an additional 2.56 billion short tons of Inferred resources at a $5.00/ton RCV cut-off, making it one of the larger undeveloped copper and molybdenum assets in North America. Management targets a reduction in initial capex from approximately $3.1 billion in the 2020 PEA to around $1.2 billion in the updated 2026 PEA, with a shift from a 150,000 tpd mill to a 25,000–30,000 tpd configuration. The 2020 PEA estimated an after-tax NPV (8%) of approximately $356 million, while a revised framework yields a risk-adjusted equity valuation of approximately $414.11 million, applying a 15% probability of success. Life-of-mine revenue is modeled at $47.39 billion, with molybdenum contributing approximately $31.6 billion, copper $12.1 billion, and silver $3.7 billion. The company projects completion of the updated PEA in mid-2026 and the PFS by the end of 2027.
Gold Strike Announces Commencement of Drilling at Florin Gold Project, Yukon
(TSXV: GSR) Gold Strike Resources Corp. announces the commencement of drilling at its Florin Gold Project, Yukon, Canada. The current Florin Project pit-constrained inferred resource is 2.507 million oz, with a projected strike length of approximately 925 metres, within a broader 5,000 m gold-in-soil anomaly. The 2026 drill and exploration program comprises over 8,000 m of diamond drilling, with the initial 10 holes (~5,000 m) targeting the higher-grade, unconstrained southwestern portion of the deposit. The Florin Project consists of 500 quartz claims (~89km²) located in the Mayo and Dawson Mining Districts, Yukon, Canada. The mineral resource estimate was prepared by GeoSim Services Inc. (Ronald G. Simpson, P.Geo.) and David Kelsch, P.Geo., with an effective date of December 5, 2025. Gold Strike expects gold fire assay results within three weeks of delivery of the core samples to the analytical laboratory, with initial results from hole 1 anticipated in early August and expected to be released on a hole-by-hole basis. The company projects that the drill program will collect geotechnical data and metallurgical samples to support advancement toward a future pre-feasibility study.
USA Crude Oil Stocks Rise Week on Week
Crude oil stocks, not including the SPR, stood at 411.4 million barrels on July 3, the EIA's latest weekly petroleum status report showed.
Stocks shrug off tensions to rise on renewed tech interest
Oil prices fell slightly as stock markets steadied amid renewed interest in technology stocks, indicating a shift in investor sentiment that is currently overshadowing geopolitical tensions. The ongoing exchanges of strikes between the United States and Iran, particularly Tehran's targeting of US assets in Kuwait, Bahrain, and Qatar, have not significantly impacted oil prices in the short term. This resilience in the face of geopolitical risks suggests that the market is currently more focused on economic recovery signals and tech sector performance than on potential supply disruptions. However, investors should remain vigilant, as any escalation in conflict could lead to sudden volatility in oil prices. The current environment reflects a delicate balance where demand signals from the tech sector may provide some support for broader market stability. Additionally, the interplay between geopolitical tensions and oil supply dynamics remains critical, as any significant military escalation could threaten oil flows from the region. The market's ability to shrug off these tensions for now indicates a level of confidence in demand recovery, but this could quickly change if the situation deteriorates. Overall, while the immediate outlook appears stable, the underlying risks associated with Middle Eastern geopolitics continue to loom large over the energy markets.
Legacy Gold Starts RC Drilling at the Baner Gold Mine Property and is on Target to Complete Its 40,000 Foot 2026 Program; MT GEO Survey Flown
(TSXV: LEGY) Legacy Gold Mines Ltd. reports progress on its 2026 Exploration Plan to drill 40,000 feet at the Baner Gold Mine Property in Idaho County, Idaho, USA. The first phase involved core drilling the first 12,000 feet (3,658 meters), with reverse circulation drilling for the remaining 28,000 feet (8,536 meters). Nine core holes have been drilled to date, with two more pending, and RC drilling has commenced. Thirty-five holes are planned in the Main Zone area (7 core holes and 28 RC holes), ten holes in the NE Zone (2 core holes and 8 RC holes), and six holes in the NW Zone (4 core holes and 2 RC holes). The initial exploration target at the Baner Property is approximately 50.3 million to 55.3 million tonnes at average grades ranging from approximately 0.72 g/t Au to 0.91 g/t Au. Initial metallurgical cyanide leach testing gave 87.1%-93.2% recovery. The company projects that further drilling and technical studies may support a future mineral resource estimate.
Baker Hughes Secures Substantial Equipment and Services Awards for Cheniere’s Sabine Pass LNG Facility
(NASDAQ: BKR) Baker Hughes announced three substantial awards for Cheniere’s Sabine Pass LNG facility in Cameron Parish, Louisiana, comprising orders from Bechtel Energy Inc. (Bechtel) and Cheniere to supply liquefaction equipment for Train 7 and a boil-off gas re-liquefaction unit, as well as an award for fleet-wide gas turbine technology upgrades. The equipment orders for Phase 1 of the Sabine Pass expansion project include seven PGT25+ G4 gas turbines driving 15 centrifugal compressors, enabling approximately 6 million tons per annum (MTPA) of additional LNG production capacity. Baker Hughes will deliver upgrades across the entire fleet of installed aeroderivative PGT25+ G4 gas turbines at the Sabine Pass facility over a four-year period. These upgrades will help to increase the power output of the turbines to enhance LNG production capabilities, supporting the facility’s current approximate 30 MTPA capacity. The upgrades, together with Train 7 and the boil-off gas re-liquefaction unit, are expected to add over 6 MTPA of capacity at Sabine Pass. The awards were booked in the second quarter. Baker Hughes provides solutions to energy and industrial customers worldwide and conducts business in over 120 countries.
Roxmore Resources Reports Strong Drill Results at the Converse Gold Project, Battle Mountain - Eureka Trend Nevada
(TSX: RM) (OTCQX: GARLF) Roxmore Resources Inc. reported gold and silver assay results from its ongoing drill campaign at the Converse Gold Project, including a significant intercept of 247.2m grading 0.51 g/t Au and 3.79 g/t Ag from 131.7m in hole CV26-010C, with a higher-grade interval of 34.3m grading 1.25 g/t Au from 246.3m. The company is conducting a Phase 1, 30,000-metre infill and extension winter drilling campaign, with one RC rig and one diamond core rig currently operating, and a second diamond drill rig scheduled to arrive in mid-July and a second RC drill expected in September. The Converse Gold Project contains an Indicated Mineral Resource Estimate of 103 million tonnes at an average gold grade of 0.65 g/t, containing 2.16 million ounces Au, and an Inferred Mineral Resource estimate of 218 million tonnes at an average gold grade of 0.43 g/t containing 3.04 million ounces Au. The completed PEA outlines an After-Tax NPV5% of US$2.7 Billion, IRR of 43%, and payback achieved in 2.2 years at a long term consensus gold price of US$3,600/oz. The Simple Heap leach operation features 3.5 million payable ounces LOM at 267,000 oz per year on average in the first full 8 years of production and 246,000 oz on average over the 14-year Life of Mine. Drilling is planned to continue throughout 2026 and 2027. The company projects ongoing drill results, silver re-assay program results, development and permitting updates in Q3 2026, and metallurgical testwork results and an updated Mineral Resource Estimate in Q1 2027.
Gunnison Copper Achieves Key Milestone Under U.S. Department of Energy 48C Program
(TSX: GCU) (OTCQB: GCUMF) Gunnison Copper Corp. announced that it has submitted its certification documentation to the U.S. Department of Energy for the Section 48C Advanced Energy Project Tax Credit awarded to the Company's Johnson Camp Mine in Arizona. The project has met the requirements outlined in the Company's 48C application, including placing the eligible assets into service and commencing production in 2025. Gunnison and Nuton were selected to receive US$13.9 million in tax credits under the program. The Johnson Camp Mine achieved first production in 2025 and is currently producing copper cathode from run-of-mine oxide material and Nuton® bioleaching technology of sulfide material, with a production capacity of up to 25 million lbs of finished copper cathode annually. The Gunnison Copper Project has a main pit Measured and Indicated Mineral Resource containing over 846 million tons with a total copper grade of 0.33% containing 5.19 billion pounds of copper. A preliminary economic assessment completed in March 2026 for the Gunnison Project yielded an NPV8% of $2 billion, IRR of 23%, and payback period of 3.9 years. The company projects further development of its flagship Gunnison Copper Project and the approval of the certification documents for the 48C tax credits.
Europa Oil Gas Holdings — Block Listing Application to AIM
(LSE:EOG) Europa Oil & Gas (Holdings) plc announced an application has been made to AIM for a block listing of 96,249,532 ordinary shares of 1 pence each in the Company. The block listing application will be used to facilitate the admission to trading on AIM of ordinary shares arising from the exercise of outstanding warrants issued by the Company. The Ordinary Shares may be issued from time to time pursuant to the exercise of such warrants. New Ordinary Shares issued following the exercise of warrants and admitted to trading under the block admission will rank pari passu in all respects with the existing Ordinary Shares. The block listing is expected to become effective on 16 July 2026. At the time of this announcement, Europa has 1,316,139,215 Ordinary Shares in issue. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Oil Futures Retreat on Expectations That Renewed Fighting Won’t Last
Oil futures turned lower as market sentiment shifted towards expectations that the recent military strikes between the U.S. and Iran will be short-lived. This optimism regarding a swift resolution has eased concerns about potential supply disruptions in the Middle East, a region critical to global oil production. As tensions appear to stabilize, investors are recalibrating their positions, leading to a retreat in prices. The prospect of renewed fighting not escalating further diminishes the risk premium that often supports oil prices during geopolitical conflicts. Additionally, any prolonged military engagement could have prompted fears of supply chain interruptions, but the current outlook suggests that such scenarios are unlikely. This shift in sentiment is reflected in trading volumes, with many investors opting to take profits after recent gains. Furthermore, the overall demand for oil remains steady, but the immediate geopolitical risks are now perceived as manageable. As a result, the market is likely to focus on other factors, such as OPEC's production decisions and U.S. inventory data, which will play a crucial role in shaping future price movements. In the absence of significant disruptions, oil prices may continue to stabilize or even decline further in the short term. Investors should remain vigilant, however, as any unexpected developments could quickly alter the current dynamics.
Oil And Gas Development Company Limited — Transfer of BESOS shares back to Govt. of Pakistan
(LSE:OGDC) Oil and Gas Development Company Ltd announced the transfer of 432,189,039 ordinary shares of OGDCL Employees Empowerment Trust, formed under Benazir Employees Stock Option Scheme, back to the Government of Pakistan (GoP). As a result, the GoP's direct shareholding in the Company has increased from 67.48% to 77.53%. The transaction was executed on 08-07-2026 at a price per share of 0.00. The cumulative number of shares owned by the President Islamic Republic of Pakistan is now 3,334,337,220, representing 77.53% of the company. The transfer was conducted in physical form. This information was submitted in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Regulations. No forward-looking statements or projections are included in the announcement.
Questcorp and Riverside Resources Complete Complementary Geophysics Programs as Drilling Continues at La Union Project
(CSE: QQQ) (OTCQB: QQCMF) Questcorp Mining Inc. announced the completion of expanded drone magnetic and IP geophysical programs linked to current drilling at the La Union Project, Sonora, Mexico. A further 248-line kms of drone magnetics were completed, consisting of 193-line kms at 100m line spacings and 55-line kms of tie lines. Additionally, 8-line kms of IP were completed, adding to the 4-line kms completed in 2025. Four holes totaling 400 metres have been completed since Phase 1 drilling commenced on June 9th, with samples now at the Zacatecas laboratory. The completed IP survey comprised 5 dipole-dipole lines with a 50m dipole spacing, providing resistivity and conductivity data to a depth of about 200m. Questcorp holds an option to acquire a 100-per-cent interest in mineral claims totaling 1,168.09 hectares at the North Island Copper property and 2,520.2 hectares at the La Union Project. The company projects that geophysics combined with surface geochemistry should provide more refined targets for the ongoing drill program.
Renewables: TotalEnergies Divests its distributed
(LSE:TTE) (NYSE:TTE) TotalEnergies announced that it has completed the divestment of all its distributed solar assets (around 170 MW), mainly rooftop installations, across 7 European countries to Amarenco and AMPYR Distributed Energy. The divested assets are located in France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom, and Luxembourg. The company installed 8 GW of gross renewable capacity in the last twelve months, reaching 35 GW of gross capacity at end-March 2026. By the end of April 2026, TotalEnergies holds nearly 36 GW of gross renewable power generation capacity. TotalEnergies aims to maintain this annual pace through to 2030 to reach more than 75 GW and aims to achieve over 100 TWh of net electricity production by 2030. The company states that this divestment will have no impact on its pace of development in renewables.
TotalEnergies Ships First LNG Cargo From Mexican Pacific Coast to Asia
'TotalEnergies will be the sole offtaker of LNG during the ramp-up phase'.
ADNOC Scores 15-Year Deal to Supply 1 MMtpa of LNG to INPEX
Nearly 23 percent of Ruwais LNG's 9.6 MMtpa capacity has been offtaken by Japanese customers, ADNOC said.
Indonesia Receives First Russian Crude Shipment Under April Supply Deal
Indonesia has received its first shipment of Russian crude oil, marking a significant development in its energy landscape. This delivery of approximately 770,000 barrels arrives under a supply agreement established in April, during a period of heightened geopolitical tensions. The deal underscores Indonesia's strategic pivot towards diversifying its crude oil sources, particularly as it grapples with its own production levels, which hover around 600,000 barrels per day. The influx of Russian crude could potentially impact local pricing dynamics, especially if further shipments follow, enhancing Indonesia's refining capacity and possibly altering regional supply balances. As global markets remain sensitive to geopolitical shifts, this move may also influence perceptions of Russian oil amidst ongoing sanctions and trade restrictions. Investors should closely monitor how this relationship evolves, as it could signal a broader trend of countries seeking alternative suppliers in response to geopolitical pressures. Additionally, the implications for OPEC's influence in Southeast Asia could be significant, as Indonesia's engagement with Russia may challenge traditional supply chains. Overall, this development could introduce volatility in oil prices, particularly if it leads to increased competition for crude in the region.
INPEX Starts Appraisal Drilling for Japan CCS Project
Metropolitan CCS, a joint venture of INPEX and Kanto Natural Gas Development, began drilling an appraisal well for a carbon capture and storage project planned to serve industrial emitters in the Greater Tokyo Area.
Mexico: TotalEnergies Ships to Asia the Very
(LSE:TTE, NYSE:TTE) TotalEnergies has shipped to Asia the very first cargo from ECA LNG Phase 1, a liquefied natural gas (LNG) export terminal currently under commissioning on Mexico’s Pacific Coast, in Baja California. TotalEnergies holds a 16.6% stake in the project alongside operator Sempra Infrastructure and will offtake 1.7 million tonnes per year (Mtpa) of LNG for 20 years from the start of commercial operations. ECA LNG Phase 1 consists of a single-train liquefaction facility with a nameplate LNG capacity of 3.25 million tonnes per annum (Mtpa), supplied with U.S. feed gas sourced from the Permian Basin in Texas and New Mexico. TotalEnergies is the world’s third largest LNG player with a global portfolio of 44 million tonnes in 2025 and access to more than 20 Mtpa of regasification capacity in Europe. The project is expected to reach substantial completion in the summer 2026, with long-term LNG sales agreements taking effect shortly thereafter as the facility enters commercial operations. TotalEnergies’ ambition is to increase the share of natural gas in its sales mix to close to 50% by 2030. A second larger phase is also under development at the same site.
Valeura Energy Inc.: Q2 2026 Operations Update
(TSX:VLE, OTCQX:VLERF) Valeura Energy Inc. reported that oil production averaged 22.3 mbbls/d in Q2 2026, with sales of 2.454 million bbls and price realisations averaging US$105.8/bbl, resulting in revenue of US$259.8 million. The company drilled the longest horizontal lateral ever recorded in the Gulf of Thailand and the first ever complex multi-lateral development well in Thailand, both on the Nong Yao field. Valeura secured a formal reduction of the Manora field’s decommissioning liability, leading to a 31% reduction in restricted cash. The cash position at 30 June 2026 was US$316.5 million (including US$15.8 million restricted cash), with a receivable of US$42.7 million for oil sold just prior to quarter end and no debt. Taxes paid during the quarter amounted to US$19.2 million, related mostly to the 2025 financial year Special Remuneratory Benefit. The company anticipates record quarterly free cash flow of approximately US$100 million for Q2 2026, based on preliminary unaudited estimates. Valeura intends to release its full unaudited financial and operating results for Q2 2026 on 06 August 2026.
Sempra Infrastructure's ECA LNG Phase 1 Exports First LNG Cargo from Mexico's Pacific Coast
(NYSE: SRE) Sempra Infrastructure, a subsidiary of Sempra, announced that the ECA LNG Phase 1 project in Ensenada, Mexico, has safely and successfully loaded and shipped its first cargo of liquefied natural gas (LNG). The ECA LNG Phase 1 consists of a single liquefaction train with nameplate capacity of 3.25 million tonnes per annum (Mtpa) of LNG. The project is a joint venture with TotalEnergies and is supported by long-term sale and purchase agreements with TotalEnergies and Mitsui & Co. The project is expected to reach substantial completion in the summer of 2026, with sales under long-term sale and purchase agreements commencing shortly thereafter, when the facility begins commercial operations. A second and significantly larger phase is also under active development at the same site. Sempra Infrastructure is headquartered in Houston and is focused on developing, building, operating and investing in modern energy infrastructure in North America. The ECA LNG facility is described as a cornerstone of Sempra Infrastructure's dual-coast LNG portfolio.
Impact Minerals Set for Phase 2 Drilling at Commonwealth Gold-Silver Project
(ASX: IPT) Impact Minerals is set to benefit from a new phase of diamond drilling at its Commonwealth-Silica Hill gold-silver project in central New South Wales, where joint venture partner Kuniko (ASX: KNI) has mobilised a rig to site. The initial Phase 2 program will comprise approximately 1,340 metres across six holes targeting extensions to the high-grade mineralisation identified during the successful first campaign. Impact retains a 30% interest in the project, free-carried to a decision to mine, while Kuniko can earn up to 70% by spending $3 million on exploration over four years. The new drilling will also support an upgraded mineral resource estimate planned for the fourth quarter of 2026. The first campaign intersected a broad 84m zone grading 2.6 grams per tonne gold equivalent, including 3.4m at 50g/t gold equivalent and a bonanza-grade 0.5m vein grading 347g/t gold equivalent, comprising 27g/t gold and 20,603g/t silver. Phase 1 returned 8m at 8.6g/t gold equivalent from the Main Shaft area including 3.8m at 17.4g/t gold equivalent, while Commonwealth South produced 7.1m at 9.7g/t gold equivalent including a higher-grade core of 3.1m at 21.6g/t gold equivalent. The company projects that results from Phase 2 will be incorporated into a planned resource update expected in the December quarter, followed by planning for a third drilling phase.
Synertec Selected by Amplitude Energy for Orbost Gas Plant Power Optimisation Project
(ASX: SOP) Synertec Corporation has been selected by Amplitude Energy (ASX: AEL) as the preferred proponent for a power optimisation project at the Orbost gas processing plant in Victoria’s Gippsland Basin. The project will initially see Synertec complete front-end engineering and design (FEED) for an integrated Powerhouse solar and battery solution, expected to incorporate approximately two megawatts of solar generation and five megawatt-hours of battery storage. The project has an indicative value of between $4.5 million and $5.5m, subject to Amplitude Energy reaching a final investment decision. The FEED process is expected to be completed during the first half of the 2027 financial year and will include detailed engineering, power system modelling, reliability and availability assessments, safety and regulatory work, implementation planning, and development of a Class 2 cost estimate. The work represents the first stage of a proposed three-stage development covering design, construction and commissioning, followed by long-term operations, maintenance, and performance support. Synertec will evaluate both a traditional capital sale and a build, own, operate and maintain structure during the FEED process. The company projects that the preferred structure will be determined as the technical design and commercial parameters are refined, with any subsequent construction and operational stages remaining subject to Amplitude’s final investment decision.
$130 Billion in AI Data Centers were Just Blocked. Where Does the AI Boom Go Now
(NASDAQ:AIBZ) Bitzero signed a binding letter for a 15-year lease worth roughly $2.6 billion with cloud and network provider OneQode in May, committing the full 110-megawatt initial capacity of its Namsskogan, Norway site. The company began trading on the Nasdaq on June 9, after previously being listed on a junior exchange. Bitzero controls more than a gigawatt of low-cost, clean power capacity across Norway and Finland, with its Finland site in Kokemäki planned to support up to a full gigawatt and a confirmed 400 kV grid connection. The Namsskogan site draws 100% renewable hydroelectric power at 3 to 4 cents per kilowatt-hour and holds its own license to connect directly to the high-voltage grid. Bitzero expects the OneQode agreement to generate roughly $2.6 billion in revenue over the life of the lease, with operations slated to begin in the first half of 2027 and an estimated 85% net operating income margin, equating to around $178 million in annual revenue at full capacity and about $151 million in net operating income. The company estimates the campus can scale toward 315 megawatts, and its North Dakota site is a decommissioned anti-ballistic missile complex repurposed for sensitive computing.
Finder Energy Secures Development Approval for KTJ Oil Fields
(ASX: FDR) Finder Energy has secured approval for the field development plan covering the Kuda Tasi and Jahal (KTJ) oil fields offshore Timor-Leste. The approval from the Autoridade Nacional do Petróleo provides the principal regulatory authorisation required to develop the fields and clears a pathway toward a final investment decision during the September quarter. Finder is continuing financing, contracting, and procurement work in parallel to maintain an accelerated schedule targeting first oil between late 2027 and early 2028. The first development phase will use three subsea production wells, with two targeting the Kuda Tasi field and one planned for Jahal. The project has progressed through subsurface studies, engineering design, environmental work, development area approval, and acquisition of the Petrojarl I floating production storage and offloading vessel since Finder assumed operatorship in August 2024. Finder is targeting completion of debt financing and an independent competent person’s report supporting the funding process during the September quarter. The company also plans to execute other major development agreements and contracts, and secure a suitable rig for the development campaign, as the project moves toward construction readiness.
Vermilion Energy Inc. Announces TSX Approval for Renewal of Normal Course Issuer Bid and Confirms Q2 2026 Release Date and Conference Call Details
(TSX: VET) (NYSE: VET) Vermilion Energy Inc. announced that the Toronto Stock Exchange has approved the notice of Vermilion's intention to commence a normal course issuer bid (NCIB) allowing the company to purchase up to 15,157,179 common shares, representing approximately 10% of its public float as at June 30, 2026, over a twelve-month period commencing on July 12, 2026. The NCIB will expire no later than July 11, 2027, and is subject to a daily purchase limit of 322,467 common shares, representing 25% of the average daily trading volume of 1,289,870 common shares on the TSX for the six-month period ended June 30, 2026. As of June 30, 2026, Vermilion had 152,948,362 common shares issued and outstanding and a public float of 151,571,790 common shares. Under its prior NCIB, which runs from July 12, 2025, to July 11, 2026, the company was allowed to purchase up to 15,259,187 common shares and had repurchased an aggregate of 1,749,691 common shares at a weighted average price of $12.43 per common share as at June 30, 2026. Vermilion has paid out over $40 per share in dividends since 2003 and has had an active NCIB since 2022. The company anticipates returning 40% of excess free cash flow to shareholders in 2026, primarily through the base dividend and share repurchases. Vermilion will release its 2026 second quarter operating and condensed financial results on July 29, 2026, after the close of North American markets.
MDA Space Enters into Firm Offer to Acquire Collecte Localisation Satellites (“CLS”), a Global Leader in AI-Driven Earth Observation Data Analytics
(TSX:MDA) (NYSE:MDA) MDA Space Ltd. announced it has entered into a firm and irrevocable offer to acquire a majority interest in CLS for approximately €567 million (C$920 million) in cash, subject to adjustments. CLS is expected to generate approximately €286 million (C$465 million) in revenue in 2026, with an average annual growth rate of 22% since 2023. MDA Space would acquire an approximately 70% interest in CLS, while the Centre national d'études spatiales (CNES) would retain an approximately 30% interest. CLS employs approximately 1,200 people at its headquarters in Toulouse (France) and in 40 sites around the world, serving more than 14,000 customers in approximately 150 countries. CLS expected Adjusted EBITDA margins are in line with MDA Space 2026 full year outlook of 18% to 20%. The transaction is expected to be completed by the end of 2026 or early 2027, subject to regulatory approvals and consultation procedures. MDA Space has obtained committed financing from BMO Capital Markets, RBC Capital Markets and Scotiabank.