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B&W will supply low-pressure wet gas scrubbing, ExxonMobil technology it licenses, to cut sulfur dioxide from a major Canadian petroleum refinery's catalytic cracker and coker units. The $40 million contract adds $30 million to a $10 million first order from September.

The U.S. Pipeline and Hazardous Materials Safety Administration issued an emergency special permit for segments 324 and 325 of the interstate Santa Ynez Pipeline System, approving Sable Offshore's enhanced integrity management practices and setting operational conditions. It is a step toward restarting the onshore transportation that has kept Sable's restarted Santa Ynez Unit oil in storage rather than on sale.

Swiss utility KWO finished building a new 113-metre arch dam directly in front of its cracked 1932 predecessor high in the Grimsel Pass.

Babcock & Wilcox chose Siemens Energy to supply the steam turbine generator sets for its one-gigawatt Applied Digital power project, under a limited notice to proceed it said would let it deliver power by the end of 2028.

Babcock & Wilcox received full notice to proceed on a $2.4 billion design-build contract with Base Electron, an Applied Digital-backed power producer, for 1.2 GW of gas-fired boiler and steam turbine capacity to supply Applied Digital AI Factory campuses.

Fourth-quarter revenue was $161.0 million and adjusted EBITDA $16.4 million, and full-year 2025 adjusted EBITDA rose 107% to $43.7 million. Backlog reached $2.8 billion with the $2.4 billion Base Electron AI data-centre power project announced the same morning.

Thirty-two IEA member nations agreed on 11 March 2026 to release 400 million barrels between them after Iranian attacks slowed tanker traffic through the Strait of Hormuz. The American share was 172 million barrels, the largest US release ever ordered, and Secretary Wright said it would take about 120 days to deliver.

The first tranche of the 172-million-barrel release went out as a request for proposals on 13 March 2026, covering 86 million barrels from Bryan Mound, West Hackberry and Bayou Choctaw. Bids were due the following Tuesday, and the borrowers must hand the oil back with extra barrels on top.

Sable Offshore resumed shipping crude from Las Flores Canyon to Pentland Station through the Santa Ynez Pipeline System on March 14, 2026, complying with a Defense Production Act order issued by Energy Secretary Chris Wright. The company expects first sales by April 1, 2026 at a gross oil rate of 50,000 Bbls/d, which it says would raise domestic crude supply into the California market by about 17%.

DOE went back to the market on 1 April 2026 for a third exchange, this one drawn entirely from the Bryan Mound caverns outside Freeport, Texas. Bidders had until the following Monday, and a limited Jones Act waiver let them move the crude on foreign-flagged ships to get it to refiners faster.

DOE had asked for up to 30 million barrels of sweet crude from West Hackberry on 9 April 2026; eight days later it awarded contracts for 26 million of them, with deliveries starting at once. By then more than 10 million barrels of the wider exchange had already reached the market.

Sable Offshore posted a $197.0 million net loss for Q1 2026 after resuming oil sales from the Santa Ynez Unit under a U.S. Department of Energy Defense Production Act order, and ended the quarter with $956.3 million of short-term debt against $52.2 million in cash.

After soliciting up to 92.5 million barrels from all four storage sites - the largest single exchange in the reserve's history - DOE awarded contracts for 53.3 million on 11 May 2026, at a return premium of about 28 per cent. That is 15.1 million extra barrels owed back to the stockpile.

First-quarter revenue rose 44% to $214.4 million and adjusted EBITDA rose 296% to $16.1 million, while $81.8 million of non-cash warrant and stock costs left a $79.6 million net loss. Backlog stood at $2.7 billion and the pipeline passed $14 billion.

B&W sold 12.4 million new shares at $18.50 each, raising about $230 million with the underwriters' extra shares, and Applied Digital bought about 540,500 of them. The money is meant to expand steam turbine and boiler production for AI data centre power plants.

Babcock & Wilcox is collaborating with TerraSpark on the TerraSpark Energy Campus near the Mount Storm power complex in Grant County, West Virginia, with an expected scope of four 400 MW supercritical boilers, full emissions controls and construction. The campus pairs a 1.6 GW coal plant with Mantel's carbon capture.

B&W's board authorised buying back up to $50 million of its common stock, starting after its second-quarter 10-Q, with no expiry date and subject to its lenders. The same day it called its last $61.4 million of 2026 notes for redemption.

Weekly Energy Department data published on 10 August 2026 put the Strategic Petroleum Reserve at 298.7 million barrels, down 6.1 million in a week and the lowest reading in the EIA series since January 1983. The stockpile had held about 415 million barrels before the Iran war began.

Sable Offshore reported $137.1 million of revenue and $9.4 million of operating cash flow for the second quarter of 2026, its first full quarter of sales since the Santa Ynez Unit restart, and ended June selling about 40,000 net barrels of oil a day.

Revenue rose 130% to $319.7 million, $100.7 million of it from the Base Electron data-centre power project, and B&W swung to a $14.3 million net profit. It raised the top of its 2026 adjusted EBITDA target range to $105 million.

Babcock & Wilcox signed for Siemens Energy to start work on 20 steam turbine generator sets of 50 MW each, 1 GW in all, for its FastPower data-centre program, on top of the turbines already ordered for the Applied Digital project.

B&W redeemed all $61.4 million of its 6.50% Senior Notes due 2026 at full face value plus interest, so none of them remain outstanding. Its CFO said the company now has its strongest balance sheet in recent history.

Rosneft's Vostok Oil project loaded its first tanker at the new Bukhta Sever terminal on Russia's Taymyr Peninsula, opening a huge new Arctic export route despite Western sanctions.

Babcock & Wilcox received a limited notice to proceed on an approximately $130 million air quality control project for an unnamed US coal-fired power plant, starting engineering and long-lead purchasing, with its construction arm expected to install it. The plant is not named, so the pin sits at B&W's Akron headquarters.

Sable Offshore expects the Hondo platform offshore California to come back online in September 2026, the third Santa Ynez Unit platform restarted after Heritage and Harmony. Hondo is expected to produce lower-sulfur crude that should bring field-wide sulfur content back to normal levels.

B&W's third-quarter 2026 report and its 5 p.m. ET call, estimated for Monday 9 November from its pattern of Monday-evening calls; the company has not announced the date yet. The quarter will be measured against its raised $80-105 million 2026 adjusted EBITDA target.

Finland's Posiva began drilling the first deposition hole at the Onkalo repository, a step toward becoming the world's first facility to permanently bury spent nuclear fuel.

Constellation Energy is working to bring the former Three Mile Island Unit 1 reactor back online to supply carbon-free power under a 20-year deal with Microsoft.

Tajikistan's Rogun Dam, a Soviet-era project restarted after independence, is targeted to reach full completion around 2029 as the world's tallest dam at roughly 335 metres.

A €23M EBRD-backed grant funds a seven-year project to relocate radioactive uranium tailings from Mailuu-Suu's most dangerous dam, away from the Fergana Valley's water supply.

The 1,200 MW gas-fired plant Babcock & Wilcox is building for Base Electron near Center, North Dakota, to power Applied Digital's AI data centres is now due to run in 2030, after B&W first promised power by the end of 2028.

EDF has pushed the first reactor at Britain's Hinkley Point C nuclear plant back to 2030 and raised its cost estimate to roughly £35bn in 2015 prices.

Commonwealth Fusion Systems announced it will build ARC, its first commercial fusion power plant, on a Dominion Energy-owned site in Chesterfield County, Virginia, targeting roughly 400MW of grid power in the early 2030s.

ITER, the largest and most powerful nuclear fusion reactor ever attempted, built in southern France by 35 partner nations, has pushed its first scientific operations back to 2034 after years of delays.