Frontera Energy shareholders have approved a $750 million enterprise value arrangement to sell its Colombian exploration and production (E&P) assets to Parex Resources. The deal includes a potential $25 million milestone payment and will return up to $470 million in capital to shareholders. Post-transaction, Frontera will focus on its infrastructure business, including its stakes in the ODL pipeline and Puerto Bahía port, with plans to invest in LNG and LPG projects. The sale is expected to close in May 2026, positioning Frontera as a standalone infrastructure company with stable cash flows and growth opportunities.
NextEra Energy and Dominion Energy are in talks to merge in a deal valued around $400 billion, creating one of the largest utility companies in the U.S. This merger aims to address the rapidly growing electricity demand driven by AI data centers, ind...
During President Trump's summit with Chinese President Xi Jinping, U.S. officials aboard Air Force One were instructed to discard all items received in China, including burner phones, badges, and lapel pins. This precaution addresses concerns over Ch...
nVent Electric plc announced that its Board of Directors has authorized a new share repurchase program allowing the company to buy back up to $500 million of its shares over three years, starting July 23, 2026. This program is in addition to an exist...
USDC circulation decreased by about $1.7 billion over the past seven days due to redemptions exceeding new issuances. This contraction reflects lower demand for stablecoins in trading and DeFi, possible capital rotation to competitors like USDT, or u...
nVent Electric plc announced it will pay a quarterly cash dividend of $0.21 per ordinary share on August 7, 2026, to shareholders recorded by July 24, 2026. This dividend reflects nVent's ongoing commitment to returning value to shareholders. The com...
