Sound Energy PLC has agreed to sell its remaining 20% stake in the Tendrara gas development in Morocco to Managem for a deal valued at $57 million. The sale will leave Sound Energy with $11 million in cash after repaying its €28.8 million senior secured notes, effectively eliminating its debt. This marks Sound Energy's full exit from Morocco as it also relinquishes other exploration interests there. The company aims to refocus on energy transition and upstream hydrocarbon projects outside Morocco as a debt-free entity. Shares fell 33% following the announcement due to the exit and project delays, with first gas now expected in Q3 2026 instead of October 2025.
Bank of Nova Scotia reported strong Q2 fiscal 2026 results, with adjusted earnings of $1.47 per share beating the $1.46 estimate and revenue of $7.17 billion surpassing expectations. Key segments showed growth: Canadian Banking earnings rose 53%, Int...
Micron Technology and SK Hynix have each surpassed $1 trillion in market value due to soaring demand for high-bandwidth memory (HBM) chips driven by AI infrastructure growth. SK Hynix currently leads with a larger HBM market share and stronger ties t...
The 2026 State of Sustainable Fleets Market Brief reveals that commercial fleets are adapting to a third year of freight recession and major federal policy changes by diversifying powertrain technologies and fuels. Despite federal funding cuts and ta...
Therini Bio has started dosing patients in a Phase 1b trial for THN391, a novel antibody targeting fibrin-driven inflammation in diabetic macular edema (DME). This therapy aims to reduce neuroinflammation and retinal degeneration without affecting bl...
ResVR has introduced an AI-powered assistant integrated into its 3D virtual homebuying platform, enabling buyers to navigate, customize, and make decisions with real-time voice interaction. This assistant offers 24/7 support, multi-language accessibi...
