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Stock impact report

e2Companies Announces Strategic Collaboration with Nabors Industries on Integrated Power Solutions for the Oilfield [Yahoo! Finance]

Nabors Industries Ltd. (NBR) 
Last nabors industries ltd. earnings: 2/20 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.nabors.com
Company Research Source: Yahoo! Finance
generation, distribution and energy cost-optimization, today announced a strategic collaboration with Nabors Industries Ltd. (NYSE: NBR, "Nabors"), one of the world's largest drilling rig, services and technology providers. The collaboration will expand business opportunities for integrated power solutions in the oilfield and broader energy markets. By combining Nabors' global expertise and relationships in oil and gas with e2Companies' Virtual Utility®, the companies aim to develop and market tailored solutions for the unique demands of the oilfield and assess opportunities in geothermal and concentrated solar power. Nabors intends to purchase and implement e2Companies' integrated power systems into its drilling operations through a multi-million dollar purchase order. Additionally, the parties expect to collaborate on U.S.-based energy storage solutions. Oil and gas operations account for 15% of global energy-related emissions and the global market for oil and gas electrificatio Show less Read more
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