| NESR Awarded $200 Million in New Slickline Contracts Across Multiple Countries |
HOUSTON, TX / ACCESS Newswire / April 29, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced multiple, five-year Slickline contract awards in Kuwait and Oman. Totaling US$200 million, the multiyear contracts represent new awards in a key growth service line within NESR's Drilling & Evaluation ("D&E") segment. |
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2025-04-29 12:05:00 |
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| NESR Begins Construction of 180,000m(2) Facility at King Salman Energy Park (SPARK) |
The state-of-the-art facility will be a key asset in Saudi Arabia's energy sector, offering advanced oilfield services and creating jobs opportunities KING SALMAN ENERGY PARK, SAUDI ARABIA / ACCESS Newswire / April 21, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, proudly announces the start of construction on its cutting-edge industrial facility at King Salman Energy Park ("SPARK"), a leading energy industrial ecosystem strategically located at the heart of the global energy market. The Company previously announced a groundbreaking event earlier this year in February, enabling a fast-paced approach to the building of its 180,000 m² state-of-the-art facility set to transform the region's oilfield services landscape. |
accessnewswire.com |
2025-04-21 10:00:00 |
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| NESR to Participate in Water Tower Research Fireside Chat on April 10 at 11am ET |
HOUSTON, TX / ACCESS Newswire / April 9, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, announced that Chairman & CEO Sherif Foda will participate in a fireside chat with Water Tower Research ("WTR") tomorrow, April 10th, 2025, at 11am ET. Jeff Robertson, Managing Director and analyst covering Natural Resources at WTR, will lead a wide-ranging discussion with Sherif covering the background of NESR, the Company's unique position as a diversified energy services provider in the MENA region, its strategic growth ambitions, new technology, and other topical market developments. |
accessnewswire.com |
2025-04-09 20:00:00 |
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| Water Tower Research Publishes Initiation of Coverage Report on National Energy Services Reunited Corp., “Exposed to the World's Steadiest Oilfield Service Markets” |
Water Tower Research has published an Initiation of Coverage Report on National Energy Services Reunited Corp. (NASDAQ: NESR) titled, “Exposed to the World's Steadiest Oilfield Service Markets”. Water Tower Research has published an Initiation of Coverage Report on National Energy Services Reunited Corp. (NASDAQ: NESR) titled, “Exposed to the World's Steadiest Oilfield Service Markets”. |
globenewswire.com |
2025-03-18 13:43:00 |
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| National Energy Services Reunited Corp. (NESR) Q4 2024 Earnings Call Transcript |
National Energy Services Reunited Corp. (NASDAQ:NESR ) Q4 2024 Earnings Conference Call March 12, 2025 8:00 AM ET Company Participants Blake Gendron - Vice President of Investor Relations Sherif Foda - Chairman and Chief Executive Officer Stefan Angeli - Chief Financial Officer Conference Call Participants David Anderson - Barclays Arun Jayaram - J.P. Morgan Jeff Robertson - Water Tower Research Arvind Sengar - Geosphere Capital Management John Ajay - Occam Crest Management Operator Greetings, and welcome to NESR Fourth Quarter 2024 Financial Results call. |
seekingalpha.com |
2025-03-12 16:31:07 |
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| National Energy Services Reunited Corp. Reports Fourth Quarter Financial Results |
Revenue for the quarter ended December 31, 2024, was $343.7 million, growing 11.8% year-over-year and 2.2% sequentially Net income for the quarter ended December 31, 2024, was $26.8 million, growing 1,087.0% year-over-year and 30.2% on a sequential quarter basis Adjusted EBITDA (a non-GAAP measure)* for the quarter ended December 31, 2024 was $87.2 million, an increase of 9.8% year-over-year and 9.0% sequentially Diluted Earnings per Share ("EPS") for the quarter ended December 31, 2024, was $0.28, growing 1,300.0% year-over-year and 27.3% on a sequential quarter basis Net cash provided by operating activities for the year ended December 31, 2024, was $229.3 million, improving 29.6% year-over-year Free cash flow (a non-GAAP measure)* for the year ended December 31, 2024, was $124.2 million, improving 14.2% year-over-year HOUSTON, TX / ACCESS Newswire / March 12, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported its financial results as of and for the three- and twelve-month periods ended December 31, 2024. The Company posted the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) December 31, 2024 September 30, 2024 December 31, 2023 Sequential Year-over-year Revenue $ 343,682 $ 336,205 $ 307,520 2.2 % 11.8 % Net income 26,837 20,618 2,261 30.2 % 1,087.0 % Adjusted net income (non-GAAP)* 28,140 28,912 23,897 (2.7 )% 17.8 % Adjusted EBITDA (non-GAAP)* 87,219 80,035 79,457 9.0 % 9.8 % Diluted EPS 0.28 0.22 0.02 27.3 % 1,300.0 % Adjusted Diluted EPS (non-GAAP)* 0.30 0.31 0.25 (3.2 )% 20.0 % *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP"). |
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2025-03-12 08:00:00 |
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| NESR to Release Fourth Quarter Financial Results on March 12th |
HOUSTON, TX / ACCESS Newswire / March 4, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it will release its financial results for the fourth quarter of 2024 on Wednesday, March 12, 2025. A conference call is scheduled for 8:00 AM ET on March 12, 2025, to discuss the financial results. |
accessnewswire.com |
2025-03-04 08:00:00 |
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| NESR Announces Participation in Upcoming Investor Conferences & Events |
HOUSTON, TX / ACCESSWIRE / December 3, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR)(Nasdaq:NESRW) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the senior management team will participate in the following upcoming investor conferences and events. TD Cowen Non-Deal Roadshow (NDR) on 4 December - New York City - NESR management will attend 1x1 and group meetings with analysts & investors in New York City; Benchmark Company Non-Deal Roadshow (NDR) on 5-6 December - Mid-Atlantic - NESR management will attend 1x1 and group meetings with analysts & investors in Philadelphia & Baltimore; Capital One Securities Energy Conference on 10 December - Houston, Texas - NESR management will host 1x1 meetings with investors, NESR CFO will participate on a sector panel; Goldman Sachs Energy, CleanTech & Utilities Conference on 7-8 January 2025 - Miami, Florida - NESR management will host 1x1 meetings with investors, NESR CEO will participate on a Middle East-themed panel on Wed, January 8th; Saudi In-Kingdom Total Value Add (IKTVA) Forum & Exhibition on 13-16 January 2025 - Dhahran, Saudi Arabia - NESR team will showcase the Company's achievements in Saudi localization, investment and value-added research & partnerships; Libya Energy & Economic Summit on 18-19 January 2025 - Tripoli, Libya - NESR management will engage with customers and technology partners, and NESR CEO will participate on a panel on Libya's plans to boost activity & production; Egypt Energy Show (EGYPES) on 17-19 February 2025 - Cairo, Egypt - NESR team will feature recent milestones in new technology development, including the Company's Roya drilling platform and NEDA ecosystem of solutions. |
accesswire.com |
2024-12-03 18:05:00 |
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| National Energy Services Reunited Corp.'s (NESR) Q3 2024 Earnings Call Transcript |
Call Start: 08:00 January 1, 0000 8:49 AM ET National Energy Services Reunited Corp. (NASDAQ:NESR ) Q3 2024 Earnings Conference Call November 19, 2024 08:00 A.M. ET Company Participants Blake Gendron - VP, IR Sherif Foda - Chairman & CEO Stefan Angeli - CFO Conference Call Participants David Anderson - Barclays Gregory Lewis - BTIG Derek Podhaizer - Piper Sandler Operator Greetings and welcome to NESR's Third Quarter 2024 Financial Results Conference call. |
seekingalpha.com |
2024-11-19 14:36:29 |
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| National Energy Services Reunited Corp. Reports Third Quarter Financial Results |
Revenue for the quarter ended September 30, 2024, is $336.2 million, growing 12.0% year-over-year and 3.5% on a sequential quarter basis Net income for the quarter ended September 30, 2024, is $20.6 million, growing 40.0% year-over-year and 9.2% on a sequential quarter basis Adjusted EBITDA (a non-GAAP measure)* for the quarter ended September 30, 2024 is $80.0 million, growing 12.9% year-over-year and 1.8% on a sequential quarter basis Diluted Earnings per Share (EPS) for the quarter ended September 30, 2024, is $0.22, growing 37.5% year-over-year and 10.0% on a sequential quarter basis Operating cash flow for the nine months ended September 30, 2024, is $183.1 million, improving 30.4% year-over-year Free cash flow (a non-GAAP measure)* for the nine months ended September 30, 2024, is $103.0 million, improving 38.1% year-over-year HOUSTON, TX / ACCESSWIRE / November 19, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported its financial results as of and for the three- and nine-month periods ended September 30, 2024. The Company posted the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) September 30, 2024 June 30, 2024 September 30, 2023 Sequential Year-over-year Revenue $ 336,205 $ 324,969 $ 300,084 3.5 % 12.0 % Net income 20,618 18,873 14,731 9.2 % 40.0 % Adjusted net income (non-GAAP)* 28,912 27,356 19,797 5.7 % 46.0 % Adjusted EBITDA (non-GAAP)* 80,035 78,655 70,885 1.8 % 12.9 % Diluted EPS 0.22 0.20 0.16 10.0 % 37.5 % Adjusted Diluted EPS (non-GAAP)* 0.31 0.29 0.21 6.9 % 47.6 % *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP"). |
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2024-11-19 08:00:00 |
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| NESR Successfully Deploys ROYA Platform & Secures Drilling Awards Exceeding $200 Million |
ABU DHABI, UAE / ACCESSWIRE / November 3, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the Company completed its first ROYA drilling campaign successfully in Kuwait. Additionally, the Company secured multiple directional drilling ("DD") awards across its core countries, with a total value exceeding $200 million. |
accesswire.com |
2024-11-03 20:00:00 |
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| NESR Acquires Stake In SALTTECH BV To Scale Up Circular Water Technology |
HOUSTON, TX / ACCESSWIRE / October 29, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it has acquired a minority stake in SALTTECH BV ("Salttech"), a Dutch provider of industry-leading thermal desalination technology known by its Dynamic Vapor Recovery ("Dyvar®") process. Funded through cash, the acquisition follows the successful deployment of Dyvar® on several key pilot projects in the MENA region, including the recently announced Circular Water project deployed successfully with NESR's largest customer. |
accesswire.com |
2024-10-29 11:05:00 |
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| NESR Company Presentation - Barclays CEO Energy-Power Conference |
NEW YORK, NY / ACCESSWIRE / September 4, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today at the Barclays CEO Energy-Power conference published a company presentation on the Investor Relations page of its website (www.nesr.com). Chairman & Chief Executive Officer, Sherif Foda, will be participating in a fireside chat with analysts at 1:15pm ET. |
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2024-09-04 13:15:00 |
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| National Energy Services Reunited Corp. Reports Second Quarter and First Half 2024 Financial Results |
Revenue for the quarter ended June 30, 2024 is $325.0 million, growing 15.9% year-over-year and 9.5% on a sequential quarter basis Net income for the quarter ended June 30, 2024 is $18.9 million, growing 870.3% year-over-year and 89.1% on a sequential quarter basis Adjusted EBITDA (a non-GAAP measure)* for the quarter ended June 30, 2024 is $78.7 million, growing 30.2% year-over-year and 22.5% on a sequential quarter basis Diluted Earnings per Share (EPS) for the quarter ended June 30, 2024 is $0.20, growing 900.0% year-over-year and 100.0% on a sequential quarter basis Operating cash flow for the six months ended June 30, 2024, is $112.3 million, improving 55.1% year-over-year Free cash flow (a non-GAAP measure)* for the six months ended June 30, 2024, is $59.6 million, improving 73.2% year-over-year HOUSTON, TX / ACCESSWIRE / August 29, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported its financial results as of and for the three- and six-month periods ended June 30, 2024. The Company posted the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) June 30, 2024 March 31, 2024 June 30, 2023 Sequential Year- over- year Revenue $ 324,969 $ 296,848 $ 280,311 9.5 % 15.9 % Net income 18,873 9,982 1,945 89.1 % 870.3 % Adjusted net income (non-GAAP)* 27,356 14,046 6,041 94.8 % 352.8 % Adjusted EBITDA (non-GAAP)* 78,655 64,216 60,411 22.5 % 30.2 % Diluted EPS 0.20 0.10 0.02 100.0 % 900.0 % Adjusted Diluted EPS (non-GAAP)* 0.29 0.15 0.07 93.3 % 314.3 % *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP"). |
accesswire.com |
2024-08-29 10:00:00 |
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| NESR Announces Resignation of Board Member |
HOUSTON, TX / ACCESSWIRE / June 7, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that on June 5th, 2024, the Board of Directors of NESR accepted the resignation of Board member, Mr. Thomas Wood, effective immediately. |
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2024-06-07 20:10:00 |
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| National Energy Services Reunited Corp. Reports Full Year 2023 Financial Results |
Revenue for the year ended December 31, 2023, is $1.146 billion, growing 26% year-over-year Operating cash flow for the year ended December 31, 2023, is $177.0 million, improving 91% year-over-year Free cash flow (a non-GAAP measure) for the year ended December 31, 2023, is $108.8 million* Net income for the year ended December 31, 2023, is $12.6 million Adjusted EBITDA (a non-GAAP measure) for the year ended December 31, 2023, is $262.3 million* Diluted Earnings per Share (EPS) for the year ended December 31, 2023, is $0.13 Adjusted Diluted EPS (a non-GAAP measure), which includes $0.40 per share of Charges and Credits, for the year ended December 31, 2023, is $0.53* HOUSTON, TX / ACCESSWIRE / April 30, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported its financial results for the year ended December 31, 2023. The Company posted the following results for the periods presented: For The Year Ended Variance (in thousands except per share amounts and percentages) December 31, 2023 December 31, 2022 Sequential Year-over- year Revenue $ 1,145,915 $ 909,517 $ 236,398 26.0 % Net income 12,580 (36,420 ) 49,000 134.5 % Adjusted net income (non-GAAP)* 50,221 (2,991 ) 53,212 1779.1 % Adjusted EBITDA (non-GAAP)* 262,306 162,868 99,438 61.1 % Diluted EPS 0.13 (0.39 ) 0.52 133.3 % Adjusted Diluted EPS (non-GAAP)* 0.53 (0.03 ) 0.56 1747.4 % Operating cash flows 176,959 92,576 84,383 91.1 % Free cash flows (non-GAAP)* 108,769 (29,839 ) 138,608 464.5 % *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP"). |
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2024-04-30 10:15:00 |
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| Saudi Aramco and NESR Announce Successful Implementation of Circular Water Technologies |
RIYADH, SAUDI ARABIA / ACCESSWIRE / November 14, 2023 / National Energy Services Reunited Corp. (NESR) (NASDAQ:NESR)(NASDAQ:NESRW), an international provider of integrated energy services in the Middle East and North Africa, today recognized its successful, ongoing collaboration with Saudi Aramco in implementing a novel Zero Liquid Discharge (ZLD) technology for water management. This technology, invented and owned by Saudi Aramco, aims to enhance produced water treatment and establish circular water economies across the energy value chain. |
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2023-11-14 09:20:00 |
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| NESR Secures Over $175 Million in Contracts & Provides Operational Update |
HOUSTON, TX / ACCESSWIRE / August 7, 2023 / National Energy Services Reunited Corp. ("NESR" or "the Company")(OTC PINK:NESR)(OTC PINK:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced multiple contract awards spanning a number of service lines in key countries across both the GCC and North Africa. Some of these contracts extend up to a 5-year term. |
accesswire.com |
2023-08-07 10:00:00 |
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| Top 5 Energy Stocks That May Rocket Higher This Quarter - National Energy Services (NASDAQ:NESR), ProFrac Holding (NASDAQ:ACDC) |
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. |
benzinga.com |
2023-03-27 12:40:14 |
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| Are Investors Undervaluing National Energy Services Reunited (NESR) Right Now? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2022-11-23 13:17:46 |
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| Is National Energy Services Reunited (NESR) Stock Undervalued Right Now? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2022-10-28 15:18:09 |
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| National Energy Services Reunited Corp. to Participate in Upcoming Conferences |
HOUSTON, TX / ACCESSWIRE / May 18, 2022 / National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that the senior management team will participate in the following upcoming investor conferences and will be available for 1x1 investor meetings during these conferences: Tudor, Pickering & Holt Disrupting Hotter ‘N Hell Conference on Thursday, May 19, 2022, in-person in Houston, TX; Barclays Virtual Middle East Tour next week, Chairman & CEO Sherif Foda will be having a fireside chat from Muscat, Oman; EF Hutton Group Louisiana Energy Conference on June 1-3, 2022, in-person in New Orleans, LA. Chairman & CEO Sherif Foda will be presenting on Friday, June 3rd; and J. |
accesswire.com |
2022-05-18 20:52:00 |
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| Why Schlumberger, Core Laboratories, and National Energy Services Reunited Plunged Today |
Oil plunged on fresh Chinese lockdown worries. |
fool.com |
2022-04-25 17:50:58 |
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| New Strong Sell Stocks for January 6th |
CPSI, GRFS, LE, and NESR have been added to the Zacks Rank #5 (Strong Sell) List on January 6, 2022 |
zacks.com |
2022-01-06 14:16:07 |
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| NESR Pockets Over $100M Of Contract Awards In North Africa |
National Energy Services Reunited Corp (NASDAQ: NESR) has received multiple contract awards worth ~$100 million over three years commencing in 2022 and evenly split between the Production and Drilling and Evaluation segments in North Africa countries. The awards mark the expansion of NESR into evaluation service lines in Algeria and Egypt and the further development of production services in Algeria. |
benzinga.com |
2022-01-03 08:22:07 |
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| Clean TeQ Water in Middle East expansion through exclusive distribution pact with National Energy Services Reunited |
Clean TeQ Water Ltd (ASX:CNQ) has signed an exclusive distribution agreement with the National Energy Services Reunited Corp to promote the company's unique water treatment and reuse solutions to oil and gas companies in the Middle East. The deal is seen as a “substantial expansion” of the company's ability to promote its technology in the Middle East. |
proactiveinvestors.com |
2021-11-21 22:16:47 |
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| National Energy Services Reunited Corp.'s (NESR) CEO Sherif Foda on Q3 2021 Results - Earnings Call Transcript |
National Energy Services Reunited Corp.'s (NESR) CEO Sherif Foda on Q3 2021 Results - Earnings Call Transcript |
seekingalpha.com |
2021-11-03 13:35:32 |
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