Energy, Utilities & Environment

Columbus – October 12, 2026 -- American Electric Power (Nasdaq: AEP) has declared a regular quarterly cash dividend of 95 cents per share on its common stock, the company's board of directors announced.

AEP sets Sept. 10, 2026 payment date for the 95-cent dividend

The dividend is payable on Sept. 10, 2026, to shareholders of record as of Aug. 10, 2026.

The board described the payout as a regular quarterly dividend. The announcement did not mention any change to the amount or the schedule.

Fort Wayne – October 12, 2026 -- Indiana Michigan Power (I&M) has asked the Indiana Utility Regulatory Commission (IURC) to approve a 1,520 megawatt (MW) natural gas combined cycle plant at its Rockport site, one of the largest utility construction projects in Indiana.

I&M expects power demand in its Indiana service area to more than double by the early 2030s. The new Rockport Energy Center is meant to add generation capacity to meet that load.

I&M targets summer 2030 start-up, with an IURC ruling expected in early 2027

I&M filed for a certificate of public convenience and necessity (CPCN). The filing details the construction timeline, the allocation of construction and operating costs, regional transmission capacity and environmental factors.

The company anticipates an IURC decision in early 2027. Construction would begin in 2027, and the plant is expected to be operational in summer 2030.

Columbus – October 12, 2026 -- American Electric Power (Nasdaq: AEP) has elected Marriott International Chairman David Marriott and Equinix Executive Chairman Charles Meyers to its Board of Directors, effective July 20, bringing the board to 12 directors, 11 of them independent.

AEP adds data center and hospitality operating experience as it invests to meet unprecedented energy demand

AEP said the two appointees will provide insight as it invests to meet unprecedented energy demand while maintaining its focus on reliability and affordability. Chairman, President and CEO Bill Fehrman said their experience aligns directly with AEP's strategy to meet growing demand, deliver reliable, affordable power and create long-term value for shareholders.

Columbus, Ohio – October 12, 2026 -- American Electric Power (Nasdaq: AEP) raised its full-year 2026 operating earnings guidance to $6.25 to $6.55 per share from $6.15 to $6.45, after signing an incremental 6 GW of load agreements in the second quarter and lifting contracted load growth through 2030 to 69 GW.

Second-quarter GAAP earnings fell to $713 million, or $1.31 per share, from $1,226 million, or $2.29 per share, a year earlier. Operating earnings were $742 million, or $1.36 per share, versus $766 million, or $1.43 per share, in the second quarter of 2025. CEO Bill Fehrman attributed the year-over-year decline to the 2025 transmission minority interest sale and the timing of tax-related items.

Ashland – October 12, 2026 -- Kentucky Power has finalized an amended agreement with TeraWulf Inc. that would double contracted electric demand at TeraWulf's Muskie Data campus in Grayson, Kentucky, from 500 megawatts (MW) to 1 gigawatt (GW). The deal includes $100 million in TeraWulf-funded winter bill credits for residential customers, pending approval by the Kentucky Public Service Commission.

TeraWulf funds $100 million in residential winter credits over 10 years

The credits would run over the first 10 years of the contract and begin in 2029. For a typical residential customer, they could amount to about $25 per month during the winter heating season.

Oslo – October 12, 2026 -- TGS and Chevron Corporation (NYSE: CVX) have agreed to jointly invest in research and development of next-generation seismic imaging technology, the companies announced.

Partners target eFWI and machine learning workflows

The R&D effort covers key technical domains including Elastic Full Waveform Inversion (eFWI) and machine learning–driven workflows. The work will draw on TGS' Imaging AnyWare platform and Chevron's proprietary algorithms.

Financial terms, investment size and project timelines were not disclosed in the announcement.

TGS CEO frames deal as step toward strategic imaging partnership

TGS CEO Kristian Johansen said the collaboration reflects the company's ambition to become a "true strategic imaging partner." He said combining TGS' platform, talent and scale with Chevron's geoscience expertise creates long-term value for both organizations.

Oslo – October 12, 2026 -- TGS has won a streamer acquisition contract in the Mediterranean that extends its streamer backlog well into the first quarter of 2027. A Ramform Titan-class vessel is scheduled to mobilize in the fourth quarter of 2026, and the survey is expected to run approximately 110 days.

TGS deploys Ramform Titan-class vessel for the Mediterranean survey

The award covers a single survey with a duration of about 110 days. The source does not disclose the client, the contract value or the survey area within the Mediterranean.

Contract lengthens TGS streamer backlog into early 2027

CEO Kristian Johansen said the award extends the company's streamer acquisition backlog well into the first quarter of 2027. He described it as a reflection of continued demand for high-quality seismic data supporting offshore exploration activity.

Oslo – October 12, 2026 -- TGS has been awarded data brokerage, marketing and licensing rights by the Petroleum Authority of Brunei Darussalam (PA) for subsurface data over an offshore Brunei block.

Award covers 3D seismic, well data and technical reports for one offshore block

The package includes 3D seismic data, well information and associated technical reports across the block. E&P companies can use the material to evaluate the acreage and reduce subsurface uncertainty before they take part in the block licensing process.

Brunei's PA targets international upstream investment

The project supports the Petroleum Authority's broader objective of attracting international investment into Brunei Darussalam's upstream sector. TGS says the award complements its existing multi-client footprint across the Asia Pacific region.

Oslo – October 12, 2026 -- TGS has secured a one-month extension to the largest seismic streamer acquisition contract offshore Indonesia, with the extension scheduled to start in August.

Extension keeps Ramform Sovereign working under the Indonesian contract

The extension covers the Ramform Sovereign vessel, which acquires data using TGS's GeoStreamer technology. TGS did not disclose the contract value, the client's identity, the survey area or the vessel's remaining backlog.

TGS CEO says extension improves revenue visibility

CEO Kristian Johansen said the extension reflects the client's continued confidence in the Ramform Sovereign and GeoStreamer. He added that the project strengthens revenue visibility while TGS delivers high-quality seismic data with industry-leading acquisition efficiency.

The extension is short, at one month. Its financial impact is therefore likely to be limited, and TGS has not published figures.

Oslo – October 12, 2026 -- Only 2.1 GW of offshore wind capacity has reached final investment decision (FID) so far in 2026, while more than 12 GW is expected to enter operation this year, according to TGS | 4C's latest quarterly Global Market Overview.

TGS | 4C forecasts 5.6 GW will reach FID by year-end. That would make 2026 the second-lowest year for offshore wind investment decisions since 2020.

Consent awards of 22.2 GW point to the second-highest year on record

Final consents are advancing strongly, with 22.2 GW forecast to be awarded in 2026. Early-phase development assets and projects under construction are both progressing, but developers remain cautious about committing capital to the next generation of projects.

Global offshore wind capacity stands at around 92.7 GW in operation, with a further 41.2 GW under construction and 7.1 GW at FID.