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Energy & Environment

NextEra Energy Sets September Investor Roadshow Amid Dominion Merger Review

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NextEra Energy Sets September Investor Roadshow Amid Dominion Merger Review

Juno Beach, Fla. – September 12, 2026 -- NextEra Energy, Inc. (NYSE: NEE) confirmed that senior management will hold a series of investor meetings through September and into early October to discuss long-term growth-rate expectations for the company.

Management to brief investors on multi-year growth trajectory

The Juno Beach, Florida-based utility holding company said the meetings will cover its long-term growth outlook, with updated presentation materials made available to investors and other interested parties through its corporate website.

MIND Technology Q2 Loss Widens as Revenue Falls 59% to $5.6M

The Woodlands, Texas – September 12, 2026 -- MIND Technology, Inc. (NASDAQ: MIND) reported a $1.7 million net loss for its fiscal 2027 second quarter ended July 31, 2026, as revenue fell to $5.6 million from $13.6 million a year earlier.

Revenue drops 59% year-over-year amid marine survey market slowdown

Second-quarter revenue of $5.6 million compares with $9.7 million in the prior quarter and $13.6 million in the same period last year. The company swung to an operating loss of $1.8 million, versus operating income of $14,000 in the first quarter and $2.7 million a year earlier.

Saavi Energía Closes Grupo México Merger, Forms 4.5 GW Platform

Mexico City – September 12, 2026 -- Saavi Energía S.à r.l. has closed its merger with Grupo México, S.A.B. de C.V., creating a combined power generation platform with 4.5 GW of capacity across Mexico.

Merger creates 10-plant platform with mobile generation and gas compression assets

The completed transaction merges Saavi Energía's existing facilities with Grupo México's power generation assets. The resulting platform comprises 10 power plants located in high-demand regions of Mexico, one mobile power generation business, and three gas compression stations.

Grupo México takes 70% stake, GIP retains 30% ownership

Following the closing, Grupo México holds a 70% stake in Saavi Energía, while Global Infrastructure Partners (GIP), a subsidiary of BlackRock, owns the remaining 30%. Saavi Energía stated the combination is expected to strengthen its financial position and expand its operational scale.

German Gas Storage Hits Record-Low 55%, Industry Insists Supply Secure

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German Gas Storage Hits Record-Low 55%, Industry Insists Supply Secure

Berlin – September 12, 2026 -- German gas storage levels have fallen to roughly 55%, the lowest level since comparable record-keeping began, according to industry association Die Gas- und Wasserstoffwirtschaft e.V. The trade body insists contractual delivery commitments to customers remain intact despite the record-low reserves heading into winter.

Storage levels alone do not determine supply security, association says

The 55% storage figure has intensified political debate over how Germany will navigate the coming winter. Die Gas- und Wasserstoffwirtschaft argues that supply contracts, storage, pipeline imports and LNG function as an interconnected system rather than storage levels acting as a standalone indicator of security.

Arena Energy Deploys $65M Refurbished Jack-Up Rig on Gulf Shelf

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Arena Energy Deploys $65M Refurbished Jack-Up Rig on Gulf Shelf

The Woodlands, Texas – – September 12, 2026 -- Arena Energy, LLC has begun a multi-well drilling program on the Gulf of America Shelf using the WFD 450, the deepest-rated water depth jack-up rig operating in the region, following a $65 million acquisition and refurbishment by drilling partner White Fleet Drilling, LLC.

White Fleet Spent $65 Million Reviving a Rig Idle for Seven Years

The WFD 450 was originally built in 1999 and operated by Valaris before being cold-stacked in shallow Gulf waters for seven years. White Fleet Drilling acquired the rig and funded what it calls one of the most significant jack-up refurbishment investments in the Gulf of America in recent years, christening it on January 9, 2026, and deploying it to active drilling in late March.

Rapidan Energy Group Names James McLennan SVP Business Development

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Rapidan Energy Group Names James McLennan SVP Business Development

Washington – September 12, 2026 -- Rapidan Energy Group has appointed James McLennan as Senior Vice President for Business Development, tasking him with leading growth across the firm's energy market, policy, and geopolitical research and data services.

McLennan brings two decades of energy research sales experience to Rapidan

McLennan spent 17 years at Wood Mackenzie leading global commercial teams serving the energy and financial services sectors. He also held senior leadership roles at IHS Markit and S&P Global before joining Rapidan.

Rapidan CEO cites McLennan's commercial track record as key hire rationale

"James will focus on building long-term, trusted relationships across our client base while leading our sales and customer-success functions to support the firm's continued growth," said Scott Modell, CEO of Rapidan Energy Group.

Utemuratov Foundation Pledges $1M for Almaty Gas Conversion

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Utemuratov Foundation Pledges $1M for Almaty Gas Conversion

Almaty – September 11, 2026 -- The Bulat Utemuratov Foundation has allocated 460 million tenge (approximately $1 million) to fund the gasification of private homes in Almaty, partnering with the city's Akimat to expand urban gas infrastructure.

Foundation and city sign memorandum to convert coal-heated homes to natural gas

Under a newly signed memorandum, the Almaty Akimat will inspect private residences, advise homeowners on connection procedures, and provide end-to-end support for the switch to natural gas heating. Qualified contractors will then carry out the required construction and installation work.

Mayor Darkhan Satybaldy said the city continues working specifically to connect private homes to the municipal gas network, noting that requirements vary case by case and that support from socially responsible businesses allows the initiative to scale.

Southwest Gas Cuts Emissions 33.7%, Tops J.D. Power for 6th Year

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Southwest Gas Cuts Emissions 33.7%, Tops J.D. Power for 6th Year

Las Vegas – September 11, 2026 -- Southwest Gas Holdings, Inc. (NYSE: SWX) has released its 2025 Sustainability Report, disclosing a 33.7% reduction in fleet and building-facility emissions against a 2015 baseline, exceeding its 20%-by-2025 target.

Emergency response and safety metrics improve across the network

The utility responded to 79.2% of emergencies within 30 minutes, a record for the Company. Its Total Recordable Incident Rate fell 17% year over year, while the Days Away, Restricted or Transferred rate dropped 37%. Excavation damages declined 7.7% since 2021, reducing the risk of natural gas releases.

Utemuratov Foundation Commits $1M to Almaty Gasification Drive

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Utemuratov Foundation Commits $1M to Almaty Gasification Drive

Almaty – September 11, 2026 -- The Bulat Utemuratov Foundation has allocated 460 million tenge (approximately $1 million) to fund natural gas connections for private homes in Almaty, Kazakhstan, under an agreement signed with the city's Akimat (mayor's office).

Foundation funding targets private homes still burning solid fuel for heat

The initiative supports the transition of private residences from coal to natural gas heating, addressing a major source of seasonal air pollution in Almaty during the winter heating period.

Akimat to handle site assessments while contractors execute connection works

Under the signed agreement, the Almaty Akimat will inspect eligible private homes, advise residents on connection procedures, and guide them through the transition process. Qualified contractors will then carry out the required construction and installation work to link properties to the municipal gas network.

McDermott Wins $500M-$750M Eni Subsea Deal for Cyprus Gas Field

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McDermott Wins $500M-$750M Eni Subsea Deal for Cyprus Gas Field

Houston – September 11, 2026 -- McDermott has secured a subsea contract worth between $500 million and $750 million from Eni Cyprus Limited to develop the Cronos gas field offshore Cyprus, marking the company's first subsea award from Eni and its expansion into the Eastern Mediterranean.

McDermott to handle full subsea scope for Cronos field

Under the contract, McDermott will deliver project management, engineering, procurement and installation support for the Cronos gas field development. The company classifies the deal as "substantial," placing its value in the $500 million to $750 million range.

Execution spans four global engineering hubs

The project will be run by McDermott's Subsea and Floating Facilities team, drawing on resources from Houston, Perth, London and Kuala Lumpur. Work will be backed by the company's marine construction fleet, including its deepwater asset the Amazon.