Energy & Environment

Houston – October 08, 2026 -- Drilling Tools International Corp. (NASDAQ: DTI) has signed a definitive agreement to acquire Aberdeen-based Saltire Energy Limited and Foxley Energy Limited for approximately $80 million in cash plus 17.4 million shares of DTI common stock, a deal expected to close in the first quarter of 2027.

Acquisition nearly doubles DTI's international revenue exposure

The transaction will lift DTI's Eastern Hemisphere contribution from roughly 18% of standalone revenue in the second quarter of 2026 to approximately 40% of pro forma revenue post-close. Saltire, founded in 1986, operates rental fleets of drilling tubulars, downhole tools and pressure control equipment across the North Sea, Norway, the United Arab Emirates, Singapore and Malaysia, serving Tier 1 E&P operators and drilling contractors.

Dhahran, Saudi Arabia – October 08, 2026 -- National Energy Services Reunited Corp. (NESR) has signed an agreement with Aramco worth up to approximately $200 million over five years to execute the Aramco 2027 Lithium Demonstration Project, marking Saudi Arabia's first lithium production initiative.

Project targets 2,000 tons of battery-grade lithium carbonate annually

The facility aims to produce 2,000 tons per annum (tpa) of battery-grade lithium carbonate, with commissioning and production start planned for late 2027. NESR's business segment, NESR Environmental and Decarbonization Applications (NEDA), will execute the turnkey project.

London – October 08, 2026 -- Markel Insurance has launched a new Chemical, Oil & Gas related Energy Property (CORE) offering for small to midsize US-domiciled businesses, backed by coverage limits of up to $50 million on primary and excess-of-loss bases.

Markel targets midstream and downstream US energy risks with dedicated property cover

The CORE offering provides tailored protection for property damage, business interruption and, on selected risks, equipment breakdown across industrial organic chemicals, petrochemicals, natural gas transmission and storage, terminals, gas processing, and midstream and downstream operations. Clients gain coverage against natural catastrophe exposures including flood, windstorm and earthquake.

Hefei – October 08, 2026 -- Chinese battery storage manufacturer HIZENERGY secured multiple letters of intent from European partners after showcasing its commercial and industrial (C&I) battery energy storage systems at two trade exhibitions in September.

San Francisco – – October 07, 2026 -- The U.S. Environmental Protection Agency has awarded $13.9 million to the San Francisco Estuary Partnership and the Association of Bay Area Governments to restore 1,500 acres of tidal wetland at Strip Marsh East along the State Route 37 corridor in Solano County, with construction slated to begin in 2028.

Flood cycles have destroyed 800 acres of marsh since 2000

Strip Marsh East, located within the San Pablo Bay National Wildlife Refuge, has lost 800 acres of emergent marsh since 2000 due to poor drainage that causes months-long ponding, evaporation, and hypersaline soils lethal to wetland plants. The degradation has stripped habitat from endangered species along a stretch of Highway 37 already prone to flooding.

Oakland, Calif. – October 07, 2026 -- California Waste Solutions is advancing a waste-to-energy project in Ho Chi Minh City requiring an investment of more than half a billion dollars, expanding its environmental infrastructure footprint beyond its core Oakland and San Jose recycling operations.

Durham, N.C. – October 07, 2026 -- Cypress Creek Energy has named three new executives as it scales operations following a $3.5 billion financing close for its Steel River Energy Center in Arkansas, America's largest solar project paired with battery storage.

Peter Toomey becomes Chief Operating Officer after nearly four years as Chief Development Officer

Toomey now oversees Project Execution and Cypress Creek Solutions, the company's asset management and operations division, alongside Continuous Improvement and Grid Integration responsibilities.

Nancy Bucher joins as Chief People Officer from Golin Ketchum

Bucher, formerly Executive Vice President of Human Resources at Golin Ketchum, will lead talent acquisition, team development, total rewards and culture initiatives.

Seoul – – October 07, 2026 -- LG Energy Solution has signed a binding multi-year offtake agreement with Elevra Lithium for 240,000 dry metric tonnes of spodumene concentrate over four years, sourced from an already operational Canadian mine.

Supply Begins This Year From Quebec's NAL Project

Shipments will start later in 2026 from Elevra's North American Lithium (NAL) facility in Quebec, Canada, a producing asset rather than a development-stage project. This gives LG Energy Solution immediate access to a feedstock source without exposure to construction or ramp-up delays common in new mining projects.

Plainsboro Township, N.J. – October 07, 2026 -- Veolia has completed a $58 million rebuild of its Princeton Meadows Wastewater Treatment Facility, replacing a 55-year-old plant with climate-resilient infrastructure serving roughly 11,000 residents and businesses in Middlesex County, New Jersey.

New plant moves critical infrastructure out of the 100-year floodplain

The facility was relocated to higher ground outside the original floodplain to protect operations from flooding, a risk that affected the aging site. The upgrade incorporates advanced ultraviolet disinfection technology, high-efficiency biological treatment and energy-efficient equipment designed to meet tightening environmental regulations.

Greenville – October 07, 2026 -- Pacolet Milliken, LLC has acquired 100% of Georgia Renewable Power (GRP), adding 116 MW of biomass generating capacity across two Georgia plants and roughly tripling the size of its biomass platform. Financing for the deal was provided by Manulife; transaction terms were not disclosed.

Two Georgia biomass plants now sell output to Georgia Power under long-term contracts

GRP owns facilities in Franklin County and Madison County, Georgia, both fueled by woody biomass and classified as renewable power sources under federal and state standards. The plants sell electricity to Georgia Power under long-term power purchase agreements and generate renewable energy credits traded on the open market.