LONDON, Ontario, June 11, 2025 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced the closing of its underwritten U.S. public offering (the “Offering”) of 947,868 common shares, together with accompanying warrants to purchase 473,934 common share ...

Core Viewpoint - Baker Hughes has been awarded a contract to provide plug and abandonment (P&A) services for Equinor in the Oseberg East field, marking the beginning of a multi-year framework agreement aimed at enhancing operational efficiencies in well abandonment processes [1][6]. Group 1: Project Overview - The project will involve Baker Hughes' Mature Assets Solutions team leading the planning and execution of integrated P&A services across multiple wells in the North Sea [1][2]. - A P&A Center of Excellence will be established in Bergen and Stavanger to centralize project management and expertise, ensuring cost-effective and reliable solutions for well abandonment [3]. Group 2: Technological Innovations - Baker Hughes' P&A portfolio includes advanced technologies such as PRIME Powered Mechanical Applications, CICM (Casing Integrity & Cement Mapping), MASTODON™ casing retrieval system, and the Xtreme SJI mechanical slotting tool, which are designed to enhance efficiency and reduce operating costs [4]. Group 3: Strategic Importance - This agreement is significant as it allows Equinor to industrialize its P&A operations through end-to-end integration, thereby driving efficiencies in the well abandonment process [6].

Core Viewpoint - Acceleware Ltd. has appointed two experienced energy executives to its Board of Directors as part of a strategic plan to enhance its business and shareholder value, while two original board members have stepped down [1][2][4]. Group 1: Board Appointments - Peter Sametz has been appointed as Executive Chairman of the Board, and Merle Johnson has been appointed as a Director and Chair of the Audit Committee, effective June 3, 2025 [2][4]. - The appointments of Mr. Sametz and Mr. Johnson are intended to fill the vacancies left by the resignations of Mr. Bohdan Romaniuk and Dr. Peter Neweduk, who served over 19 years on the Board [2][3]. Group 2: Executive Backgrounds - Mr. Sametz has extensive experience in the energy sector, focusing on change management and corporate restructuring, and has been recognized for his leadership in innovation and environmental responsibility [4]. - Mr. Johnson was the CEO of Connacher Oil and Gas until his retirement in 2024 and has a background with EnCana and IMC Global, contributing to significant projects in the energy sector [5]. Group 3: Company Overview - Acceleware is an innovator in electromagnetic heating technology, providing scalable solutions aimed at decarbonizing industrial process heat applications while reducing costs [7]. - The company is developing a patented low-cost, low-carbon electromagnetic thermal production technology for heavy oil and is working on a pilot project to decarbonize potash ore drying [8].

MARLBOROUGH, Mass., June 02, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company”), a high-growth technology company on the leading edge of the modern energy economy, today issued an update to its stockholders regarding the recent buyout offer by a group of longstanding stockholders. ConnectM received a letter from Optimax Solutions Inc., on behalf of SriSid LLC, Arumilli LLC, and Win-Light Global Co Ltd (collectively, the “Buyout Group”), informing the Compa ...

Cactus to become majority owner and operator of Baker Hughes’ surface pressure control product line, with Baker Hughes retaining 35% stake Joint venture combines complementary portfolios to lead technological innovation Aligns with Baker Hughes’ ongoing strategy to optimize its portfolio HOUSTON and LONDON, June 02, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an agreement to form a new joint venture with a subsidiary of Cactus, Inc. (NYSE: WHD, “Cactus ...

Core Insights - Baker Hughes has been awarded a contract by Frontier Infrastructure Holdings for 16 NovaLT™ gas turbines to provide up to 270 megawatts of power for data center projects in Wyoming and Texas [1][5] - This award is part of a broader collaboration aimed at accelerating carbon capture and storage solutions in the U.S., building on a previous agreement from March 2025 [2][5] - The NovaLT™ gas turbine technology offers a multi-fuel solution, capable of operating on natural gas, hydrogen blends, and 100% hydrogen, enhancing flexibility for customers [3] Company Overview - Baker Hughes is an energy technology company with a century of experience, operating in over 120 countries, focused on providing safer, cleaner, and more efficient energy solutions [4]

Baker Hughes will supply 16 NovaLT™ gas turbines for data center projects in the U.S. Award builds on the collaboration announced in March 2025 between Baker Hughes and Frontier HOUSTON and LONDON, May 29, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday an award from Frontier Infrastructure Holdings (“Frontier”), a Tailwater Capital LLC portfolio company, for 16 NovaLT™ gas turbines to power its data center projects in Wyoming and Texas, delivering up ...

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who purchased NET Power Inc. securities between June 9, 2023, and March 7, 2025, alleging that the company misled investors regarding the timeline and costs associated with Project Permian [1][2]. Group 1: Allegations and Financial Impact - The lawsuit claims that NET Power failed to disclose that Project Permian was unlikely to be completed on schedule and would incur significantly higher costs due to supply chain issues and site-specific challenges [2]. - Following the announcement of third quarter 2023 results, NET Power's stock fell over 18% after revealing a 12-month delay in the project timeline, now expecting initial power generation between the second half of 2027 and first half of 2028 [3]. - On March 10, 2025, NET Power disclosed that the total installed cost for Project Permian is now estimated to be between $1.7 billion and $2.0 billion, a significant increase from the previous estimate of $1.1 billion, and announced a further delay to no earlier than 2029, causing the stock price to drop over 31% [4]. Group 2: Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must file their papers by June 17, 2025, although participation is not required to be eligible for recovery [5].

Group 1 - The article emphasizes the importance of supporting small and micro enterprises in China, particularly focusing on enhancing financial services to these businesses by 2025 [1] - The Bank of China Ningbo Branch is implementing a mechanism to improve financing coordination for small and micro enterprises, targeting technology-driven and foreign trade companies [1] - The bank is utilizing specialized financial products, efficient approval channels, and dedicated service models to address the financing challenges faced by small and micro enterprises [1] Group 2 - A Zhejiang-based technology company, driven by innovation in the renewable energy sector, received 5 million yuan in credit support through a "talent loan" product, which bypasses traditional collateral requirements [2] - A Ningbo-based trading company specializing in garment exports faced a funding gap due to long accounts receivable cycles and currency fluctuations, and received 5 million yuan in credit support through an online product called "Export E-loan" [3] - The Bank of China Ningbo Branch plans to continue enhancing its financing coordination mechanism for small and micro enterprises by combining policies, products, and technology to facilitate faster and more beneficial financing solutions [3]

If you are an investor who purchased or otherwise acquired Net Power securities during the Class Period, you have until June 17, 2025, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares p ...