** A major Pacific oil reserve offline for a decade was restarted in only five months of work by Interior Secretary Doug Burgum, despite pleas from Sen. Adam Schiff, D-Calif., and completion of a reported laundry list of permitting and reviews. The Interior Department’s Bureau of Safety and Environmental Enforcement (BSEE) announced Friday it has shepherded the reopening of the Santa Ynez Unit of the Pacific oil-producing region, which holds an estimated 190 million barrels of recoverable potential.
** Energy analyst Rystad estimates new EV purchases will account for 19% of the U.S. car market by 2030 after passage of the One Big Beautiful Bill, after previously predicting they would make up 24%.
** The U.S. added 2.1 gigawatts of new wind capacity in the first quarter of this year, a big increase from a year earlier, though falling turbine orders suggest that surge will soon fade as federal tax credits phase out.
** President Trump’s promises to “drill, baby, drill” so far haven’t materialized, as production levels have hardly changed despite the administration’s moves to roll back regulations, offer more public lands for drilling, and reduce royalty rates.
** The U.S. Energy Department selects a Kentucky site as one of four locations to test small modular nuclear reactors and other power generation for data center development.
** Amazon withdraws its application for a data center in a Virginia county over community opposition, but three more projects are moving forward without going through the conditional use permitting process that allows public input.
** A Pennsylvania state senator plans to propose legislation that would create a separate electricity price for high-load data centers and require such projects to pay for grid expansions.
** An artificial intelligence data center that would use more electricity than every home in Wyoming combined before expanding to as much as five times that size will be built soon near Cheyenne, according to the city’s mayor.
** Helion Energy, a startup backed by OpenAI‘s Sam Altman and SoftBank’s venture capital arm, has started construction on a site for a planned nuclear fusion power plant that will supply power to Microsoft data centers by 2028, the company said on Wednesday.
World
** The proposed inclusion of Chinese shipping giant COSCO in Hong Kong conglomerate CK Hutchison’s contentious global ports sale is a potential win for Beijing in a strategic sector, but the deal is far from final and could face resistance from Washington, sources and analysts say.
** India is preparing to face higher U.S. tariffs — likely between 20% and 25% — on some of its exports as a temporary measure, as it holds off on fresh trade concessions ahead of Washington’s August 1 deadline, two Indian government sources said.
** For Chinese EV maker Nio, updates to its upcoming Firefly model — set to debut around October — will feature steering wheels on the right side of the car, opening it up to regions like the United Kingdom, Singapore, and, most notably, Australia.
** Brazil’s government has asked the U.S. to exclude food products and Embraer’s aircraft from the 50% tariff it plans to impose on Brazilian goods starting August 1, a source familiar with the matter told Reuters on Tuesday.