energy_infrastructure

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.

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.

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.

Amman, Jordan – September 11, 2026 -- Mindstream Energy is developing a 245-acre Sovereign AI & Digital Infrastructure Campus at Jordan's Al-Risha natural gas field, designed to scale to 400 MW of dedicated onsite generation without drawing power from Jordan's consumer electricity grid.

Phase 1 targets 70 MW of commercial capacity by March 2027

The initial build-out is planned for 70 MW, with the broader campus engineered for modular expansion up to 400 MW as customer demand materializes. Mindstream holds a long-term contract for the site's natural gas resource, with power generated onsite rather than sourced from the national grid.

Juno Beach, Fla. – September 11, 2026 -- NextEra Energy, Inc. (NYSE: NEE) and the U.S. Department of Energy's Office of Energy Dominance Financing have reached financial close on a loan of up to $1.9 billion to restart the Duane Arnold Energy Center, Iowa's only nuclear plant.

Loan closes conditional financing for 615-megawatt Linn County reactor

The Duane Arnold facility, which operated for more than four decades before shutting down in 2020, is targeted for restart no later than the first quarter of 2029, pending regulatory approvals. NextEra first announced restart plans in October 2025.