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National Energy Services Reunited Corp - NESR STOCK NEWS

Welcome to our dedicated news page for National Energy Services Reunited (Ticker: NESR), a resource for investors and traders seeking the latest updates and insights on National Energy Services Reunited.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect National Energy Services Reunited's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of National Energy Services Reunited's position in the market.

News
NESR Announces Launch of NEDA and ROYA at IPTC & Provides Operational Update
Rhea-AI Summary
National Energy Services Reunited Corp. (NESR) announces the launch of key technologies at the International Petroleum Technology Conference in Saudi Arabia. The company introduced the Roya advanced drilling platform and the NESR Environmental & Decarbonization Applications segment, emphasizing their commitment to innovation and sustainability in the energy sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
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none
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News
CORRECTION FROM SOURCE: NESR & BECL Announce Inauguration of 'Carbon Light' Brine Plant in North Rumaila Field Iraq
Rhea-AI Summary
National Energy Services Reunited Corp. (NESR) announced the inauguration of its 'Carbon Light' oilfield brine plant in North Rumaila, Iraq, leveraging partner Clean TeQ's technology to substantially reduce water waste and carbon footprint. The plant aims to simplify logistics, eliminate trucking, improve water use, and minimize waste, with a 75% reduction in carbon footprint and a 90% reduction in water waste. The project is part of an existing brine supply agreement to support ROO operations in North Rumaila, with positive impacts on water use and freshwater resources in the region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
none
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News
NESR & BECL Announce Inauguration of ‘Carbon Light’ Brine Plant in North Rumaila Field Iraq
Rhea-AI Summary
National Energy Services Reunited Corp. (NESR) has announced the inauguration of its flagship 'Carbon Light' oilfield brine plant in North Rumaila, Iraq. The project leverages Clean TeQ's ion filtration and reverse osmosis technology to substantially reduce water waste and carbon footprint associated with brine supply. The company estimates a 75% reduction in carbon footprint and a 90% reduction in water waste compared to conventional brine production.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
none
News
NESR Announces Participation in Upcoming Conferences
Rhea-AI Summary
National Energy Services Reunited Corp. (NESR) has uplisted its common shares and warrants from OTC Expert tier to OTC Current tier. The company's senior management team will participate in several upcoming investor conferences and industry events, including Goldman Sachs Energy, CleanTech & Utilities Conference, International Petroleum Technology Conference, Egypt Petroleum & Energy Show, and Tudor Pickering & Holt 'Hotter 'N Hell' Energy Conference, as well as J. P. Morgan Energy, Power & Renewables Conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.06%
Tags
conferences
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News
NESR Announces Filing of Previous Years Financials
Rhea-AI Summary
National Energy Services Reunited Corp. (NESR) announced the filing of audited financial statements for the years ended December 31, 2022, December 31, 2021, and December 31, 2020 with the SEC. The company reported third quarter 2023 revenue of $300 million, a 6% increase sequentially and a 24% increase year-on-year. Stefan Angeli, CFO, expressed confidence in the company's strength and its position as the partner of choice in the MENA region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22%
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none
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News
Saudi Aramco and NESR Announce Successful Implementation of Circular Water Technologies
Rhea-AI Summary
National Energy Services Reunited Corp. (NESR) Recognizes Successful Collaboration with Saudi Aramco in ZLD Technology Implementation
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.32%
Tags
none
News
NESR Provides Update on Plans for SEC Filings and Nasdaq Relisting
Rhea-AI Summary
National Energy Services Reunited Corp. provides update on efforts to complete SEC filings and regain Nasdaq listing. Engages Grant Thornton to conduct audits of fiscal years 2020-2022. CFO believes engaging a single audit firm will expedite filing process. No concrete positive or negative business takes identified.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.93%
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none
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News
NESR Secures Over $175 Million in Contracts & Provides Operational Update
Rhea-AI Summary
National Energy Services Reunited Corp. (NESR) announces multiple contract awards totaling over $175 million in the Middle East and North Africa region. The contracts extend up to a 5-year term and cover various service lines in both the Drilling & Evaluation and Production Services segments. NESR CEO expects continued activity growth in the region and highlights the expansion of their D&E portfolio beyond Oman. The company reported record revenue of $283 million in Q2 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.2%
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none
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News
NESR Announces Participation in Upcoming Conferences
Rhea-AI Summary
National Energy Services Reunited Corp. (NESR) announces participation in upcoming investor conferences and industry events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
conferences
News
NESR Provides Update on SEC Filings and Nasdaq Listing
Rhea-AI Summary
National Energy Services Reunited Corp. (NESR) announces that it was unable to file its Annual Report on Form 20-F with the SEC by the deadline, resulting in the suspension of trading on Nasdaq. NESR's securities will be quoted on the OTC Market Group's Expert Market. The company intends to re-establish its listing on Nasdaq in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.82%
Tags
none
Stock NESR logo
National Energy Services Reunited Corp

OTC:NESR

NESR Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

NESR Stock Data

835.97M
43.02M
32.94%
30.82%
1.38%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States
Houston

About NESR

national energy services reunited corp. (nesr) was founded in 2017 as one of the largest national oilfield services providers in the mena and asia pacific regions and was the first national company from the mena region to be listed on the nasdaq. with over 5,000 employees representing more than 60 nationalities in over 15 countries, nesr helps its customers unlock the full potential of their reservoirs by providing production services such as hydraulic fracturing, cementing, coiled tubing, filtration, completions, stimulation, pumping and nitrogen services. nesr also enables its customers access their reservoirs in a more efficient manner by providing drilling and evaluation services such as drilling downhole tools, directional drilling, fishing tools, testing services, wireline, slickline, drilling fluids and rig services.as the “national champion” of mena with operations spanning across all the major oil and gas basins in the region, nesr prides itself on delivering exceptional servi