Contract Award - Saipem SpA and Offshore Oil Engineering Co Ltd have been awarded an offshore EPCI contract by QatarEnergy LNG [1]

Group 1 - ProFrac Holding Corp. (NASDAQ:ACDC) experienced a share price decline of 13.02% from December 10 to December 17, 2025, ranking it among the energy stocks that lost the most during that week [1] - Morgan Stanley initiated coverage of ProFrac Holding with an 'Underweight' rating and set a price target of $3.50, suggesting a potential downside of over 11% from the current share price [3] - The analyst noted that oil and gas services stocks have rebounded from their lows after a challenging 2025, but cautioned that it is premature to invest due to expected tight North American onshore spending amid an uncertain oil market [3] Group 2 - Global crude oil prices have fallen to their lowest levels since February 2021, influenced by weak employment data, oversupply, and the possibility of a peace deal between Ukraine and Russia [4]

Core Viewpoint - STEP Energy Services Ltd. has successfully completed a take-private transaction with ARC Energy Fund 8, resulting in ARC Energy Fund 8 acquiring all outstanding common shares of STEP not already owned by them or related entities for cash consideration of $5.50 per share [1][2]. Group 1: Transaction Details - The acquisition was executed through a plan of arrangement under the Business Corporations Act (Alberta) [1]. - ARC Energy Fund 8 acquired 24,700,000 shares, while the Purchaser acquired 7,958,832 shares, leading to ARC Energy Fund 8 owning 70.44% of all outstanding shares post-transaction [7][8]. - Prior to the transaction, ARC Energy Fund 8 held approximately 36.56% of the outstanding shares, and together with ARC Energy Fund 6, they controlled about 55.20% [6]. Group 2: Regulatory and Compliance - STEP has applied to delist its shares from the Toronto Stock Exchange, with an expected delisting date around December 17, 2025 [3]. - The transaction triggers early warning requirements under National Instrument 62-104 and National Instrument 62-103 [2]. Group 3: Company Background - STEP is an energy services company specializing in coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing solutions, primarily serving the North American market [16][17]. - The company has a strong focus on safety and quality execution, differentiating itself in high-pressure and complex well environments [16][18].

Core Insights - SPIE has signed an agreement to acquire Worley Power Services, enhancing its expertise in technical maintenance for power generation assets [1][4] - The acquisition positions SPIE Global Services Energy to play a significant role in Australia's transition from coal and gas to renewable energy sources [1][4] Company Overview - SPIE is a European leader in multi-technical services, focusing on energy infrastructure and communications, with consolidated revenues of €9.9 billion and EBITA of €712 million in 2024 [5] - Worley Power Services has over 20 years of operational experience and is a market leader in full life-cycle asset management, particularly in low-carbon power generation [2][3] Operational Details - Worley Power Services manages operations and maintenance for 27 power generation assets with a total capacity exceeding 2700MW and over 1,100km of gas pipelines [3] - For the financial year ending June 30, 2025, Worley Power Services generated approximately €70 million in revenue and employs 320 highly qualified technicians and engineers [3] Strategic Implications - The acquisition will strengthen SPIE's presence in Australia, a strategic market, and enhance its capabilities in operations, maintenance, and asset integrity within the green energy sector [4] - The integration of Worley Power Services is expected to support SPIE's strategy in achieving energy transition and responsible digital transformation [5][6]

HOUSTON, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) will host a conference call on Wednesday, February 4, 2026 to discuss the Company’s results for the fourth quarter and full year ended December 31, 2025. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the ...

Company Overview - STEP Energy Services Ltd. is an energy services company specializing in coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing solutions [4] - Founded in 2011, STEP has evolved into a North American service provider delivering completion and stimulation services to exploration and production companies in Canada and the U.S. [5] - The company focuses its Canadian services in the Western Canadian Sedimentary Basin and its U.S. services in key regions such as the Permian and Eagle Ford in Texas, and the Bakken in North Dakota [5] Recent Developments - The Court of King's Bench of Alberta has granted final approval for a plan of arrangement involving ARC Energy Fund 8 and STEP, allowing the Purchaser Parties to acquire all outstanding common shares of STEP not already owned by ARC Energy Fund 8 [1] - This final court approval follows shareholder approval obtained at a special meeting on December 12, 2025 [1] - The arrangement is expected to close on December 16, 2025, subject to the satisfaction or waiver of conditions outlined in the definitive arrangement agreement dated October 17, 2025 [2] Core Values and Culture - STEP emphasizes a high-performance, safety-focused culture, with core values of Safety, Trust, Execution, and Possibilities guiding its operations [6] - The company is committed to providing innovative, reliable, and cost-effective solutions to its clients, supported by experienced technical office and field professionals [4]

Core Viewpoint - STEP Energy Services Ltd. has received shareholder approval for an arrangement to be acquired by ARC Energy Fund 8 and related parties at a price of $5.50 per share [1][2]. Group 1: Arrangement Details - The arrangement was approved with 98.65% of votes cast in favor by shareholders present or represented by proxy [2]. - The arrangement is subject to the approval of the Court of King's Bench of Alberta, with a hearing scheduled for December 15, 2025, and anticipated completion on December 16, 2025 [3]. Group 2: Company Overview - STEP is an energy services company specializing in coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing solutions, focusing on safety and quality execution [5]. - Founded in 2011, STEP has evolved into a North American service provider, primarily serving exploration and production companies in Canada and the U.S., with services concentrated in specific basins [6].

This investment demonstrates the companies' commitment to focus on innovative, sustainable energy solutions that meet evolving global infrastructure requirements. The collaboration combines Halliburton's operational expertise and global footprint with VoltaGrid's proven distributed power platform to deliver reliable, scalable, and efficient power for hyperscale data centers, critical to supporting artificial intelligence (AI), cloud computing, and digital transformation. ABOUT HALLIBURTON Halliburton is one ...

Core Insights - Energy Services of America Corporation reported a 16.8% increase in total annual revenue, reaching $411.0 million for fiscal 2025, compared to $351.9 million in fiscal 2024 [6][10] - The company achieved its highest quarterly revenue in history, with fourth-quarter revenues of $130.1 million, up from $104.7 million in the same quarter of the previous year [6][8] - The company faced challenges with profitability due to unfavorable winter weather impacting project timelines, but remains optimistic about future growth driven by strong demand in various segments [5][11] Fiscal 2025 Highlights - Full-year gross profit was $38.8 million, down from $50.0 million in fiscal 2024, resulting in a gross margin of 9.4% compared to 14.2% in the prior year [11] - Net income for fiscal 2025 was $380,000, or $0.02 per diluted share, significantly lower than $25.1 million, or $1.51 per diluted share, in fiscal 2024, which included a legal judgment gain [12] - Selling and administrative expenses increased to $34.6 million from $30.1 million in the previous year, reflecting additional personnel hired for expected growth [11] Fourth Quarter Financial Results - Fourth-quarter gross profit was $16.5 million, down from $17.6 million in the prior-year quarter, with a gross margin of 12.6% compared to 16.8% [7] - Net income for the fourth quarter was $4.2 million, or $0.25 per diluted share, compared to $6.7 million, or $0.40 per diluted share, in the fourth quarter of fiscal 2024 [9] - Adjusted EBITDA for the fourth quarter was $11.3 million, slightly up from $11.1 million in the prior-year quarter [8][14] Strategic Acquisitions and Future Outlook - The company acquired Rigney Digital Systems on September 30, 2025, which is expected to enhance service offerings and improve margins [8] - The acquisition of Tribute Contracting & Consultants in December 2024 contributed to growth in the Gas & Water Distribution segment [5] - The company anticipates continued strong demand in the water and wastewater segment, as well as increased construction opportunities in the Electrical, Mechanical, and General segment [5]

Company Overview - Koil Energy Solutions, Inc. specializes in deepwater energy production and distribution equipment and services [1][3] - The company offers innovative solutions to complex challenges in the energy and offshore industries, including subsea equipment and support services [3] Upcoming Events - Erik Wiik, President and CEO, and Kurt Keller, CFO, will present at Sidoti's Year-End Virtual Investor Conference on December 10-11, 2025 [1] - The presentation is scheduled to begin at 10:00 am ET on December 11, and registration for the event is free [2] Investor Engagement - Koil Energy will host virtual one-on-one meetings with investors during the conference [1][2] - Registration for these meetings can be done through the Sidoti website, and participation does not require being a Sidoti client [2] Sidoti Events Overview - Sidoti & Company, LLC formed Sidoti Events, LLC to enhance its conference business and better serve presenters and attendees [4] - Sidoti has over 25 years of experience in independent securities research, focusing on small and microcap companies [4] - The Events division provides corporate access through investor conferences, benefiting from Sidoti's extensive network of institutional relationships [4]