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Energy & Environment

Kenon Collects $93M Peru Award as OPC Profit Jumps to $15M in Q2

Singapore – September 12, 2026 -- Kenon Holdings Ltd. (NYSE: KEN, TASE: KEN) has received approximately $93 million, net of costs and subject to tax, from the Republic of Peru following payment of an International Centre for Settlement of Investment Disputes (ICSID) arbitration award, closing a dispute first won in October 2023. The total payment from Peru was approximately $203 million, with the remainder allocated to a capital provider and outstanding expenses.

Illinois American Water Invests $26.5M in Streator Plant Upgrades

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Illinois American Water Invests $26.5M in Streator Plant Upgrades

Streator, Ill. – September 12, 2026 -- Illinois American Water has invested $26.5 million over the past five years into its Streator Water Treatment Plant and distribution system, upgrades that serve roughly 7,600 customers, the company said following a legislative tour of the facility.

Ultraviolet disinfection system adds $4.1 million in treatment capacity

The company installed a new ultraviolet treatment system at a cost of $4.1 million, adding disinfection capability designed to treat bacteria and microorganisms that could be present in raw water drawn from the Vermilion River, the plant's source water.

Filter improvement project worth $3.7 million completed in 2024

A separate $3.7 million project upgraded two aging water filters and added a new structure over the plant's sedimentation and flocculation basins to protect the equipment from weather exposure. Construction on that project was completed in 2024.

PMET Collects 2.5 Tonnes of Caesium Ore, Targets Q4 Ore Sorting

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PMET Collects 2.5 Tonnes of Caesium Ore, Targets Q4 Ore Sorting

Montreal – September 12, 2026 -- PMET Resources Inc. has collected more than 2.5 tonnes of pollucite pegmatite from the Vega Caesium Zone (CV13) at its Shaakichiuwaanaan Property in Quebec, advancing a bulk-sampling initiative called the BerryPick program aimed at feeding downstream caesium chemical testwork.

PMET deploys large-diameter coring to cut sampling costs and speed

The company used very large diameter drill core (~30 cm) drilled through a grid of shallow holes (under 60 cm deep) across the mineralized outcrop, avoiding costlier alternatives such as blasting or PQ coring (8.5 cm). Prior testwork had relied on smaller NQ (4.8 cm) and HQ (6.4 cm) core, which supported only initial-stage programs; the larger fragments better approximate blasted run-of-mine material after crushing, a requirement for feasibility-level data.

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.