Latest news with #KOILEnergy
Globe and Mail
17-03-2025
- Business
- Globe and Mail
KOIL Energy Awarded Significant Contract to Deliver Subsea Distribution Equipment for US Project
HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG) has been awarded a significant contract to supply Multi-Quick Connector (MQC) Plates for a project in the Gulf of America. This award encompasses equipment designed to control the high-pressure systems of a subsea field operated by a U.S. independent energy company. KOIL Energy 20,000 psi MQC Plate The MQC plates will play a critical role in the subsea infrastructure by distributing hydraulic control fluid in order to regulate oil and gas production and chemical injections to support flow assurance requirements. Erik Wiik, President and CEO of KOIL Energy, said, 'This award is particularly exciting for several reasons. Firstly, it represents a repeat order from a valued client, showcasing their continued trust in our capabilities. Secondly, it features our advanced 20,000 psi technology, highlighting our commitment to innovation. Lastly, as the MQC is a cornerstone product within the subsea controls segment, this achievement paves the way for further growth.' KOIL is acclaimed for providing competitive, high-performance subsea systems globally. By leveraging practical design solutions and a vertically integrated supply chain, the company consistently delivers reliable and efficient subsea products with exceptionally competitive delivery times. The scope of work for this project includes engineering, procurement, fabrication, assembly, and testing. The project will be carried out at KOIL's state-of-the-art manufacturing facility in Houston, Texas. Final delivery is scheduled for the last quarter of this year. About KOIL KOIL Energy is a leading energy services company offering subsea equipment and support services to the world's energy and offshore industries. Founded in 1997, the Houston-based company is comprised of world-class experts in engineering and manufacturing who provide innovative solutions to complex customer challenges with a fearless commitment to Building the Future of Energy. KOIL Energy's highly experienced team can support subsea projects located anywhere in the world. Visit to learn more.
Associated Press
17-03-2025
- Business
- Associated Press
KOIL Energy Awarded Significant Contract to Deliver Subsea Distribution Equipment for US Project
HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG) has been awarded a significant contract to supply Multi-Quick Connector (MQC) Plates for a project in the Gulf of America. This award encompasses equipment designed to control the high-pressure systems of a subsea field operated by a U.S. independent energy company. KOIL Energy 20,000 psi MQC Plate The MQC plates will play a critical role in the subsea infrastructure by distributing hydraulic control fluid in order to regulate oil and gas production and chemical injections to support flow assurance requirements. Erik Wiik, President and CEO of KOIL Energy, said, 'This award is particularly exciting for several reasons. Firstly, it represents a repeat order from a valued client, showcasing their continued trust in our capabilities. Secondly, it features our advanced 20,000 psi technology, highlighting our commitment to innovation. Lastly, as the MQC is a cornerstone product within the subsea controls segment, this achievement paves the way for further growth.' KOIL is acclaimed for providing competitive, high-performance subsea systems globally. By leveraging practical design solutions and a vertically integrated supply chain, the company consistently delivers reliable and efficient subsea products with exceptionally competitive delivery times. The scope of work for this project includes engineering, procurement, fabrication, assembly, and testing. The project will be carried out at KOIL's state-of-the-art manufacturing facility in Houston, Texas. Final delivery is scheduled for the last quarter of this year. About KOIL KOIL Energy is a leading energy services company offering subsea equipment and support services to the world's energy and offshore industries. Founded in 1997, the Houston-based company is comprised of world-class experts in engineering and manufacturing who provide innovative solutions to complex customer challenges with a fearless commitment to Building the Future of Energy. KOIL Energy's highly experienced team can support subsea projects located anywhere in the world. Visit to learn more.
Yahoo
04-03-2025
- Business
- Yahoo
Alliance to push the boundaries of subsea field development
HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), a US-based company, and SubseaDesign AS, a Norway-based company, have formed a strategic alliance to accelerate advancements in subsea technology. Both companies provide specialty products and services for subsea projects. Driven by the rising demand for innovative solutions in the global subsea industry, the two companies will collaborate within R&D and project execution. Thomas Andreassen, CEO of SubseaDesign AS, stated, 'As the industry seeks cost-effective and innovative solutions to advance subsea tieback and field developments, our alliance with KOIL Energy strengthens our ability to deliver cutting-edge technologies and tailored solutions. Together, we are well-positioned to drive innovation and enhance subsea performance and project efficiency for our customers.' Erik Wiik, CEO of KOIL Energy, commented, 'Subsea tie-back projects are becoming increasingly prevalent worldwide, and we have numerous proven solutions tailored to this segment. This alliance will allow us to reach a significantly larger market more quickly. SubseaDesign is an ideal partner, enabling us to engage more effectively with our European clients and offer them local capabilities.' About SubseaDesign AS SubseaDesign AS is a Norwegian engineering company specializing in advanced subsea systems, products, and services for the energy industry. Since its founding in 2007, the company has built a strong reputation for its problem-solving approach, fast turnaround, and commitment to innovation. With specialized expertise in geotechnics, material science, and mechanical design, SubseaDesign delivers engineering solutions that enhance subsea field development and operational efficiency. Our product portfolio includes industry-leading technologies such as SeAlign™ misalignment connectors and our newly developed Crown Plug Running Tool. Visit to learn more. Contact: post@ About KOIL Energy Solutions, Inc. KOIL Energy is a leading energy services company offering subsea equipment and support services to the world's energy and offshore industries. Founded in 1997 in Houston, Texas, the company is comprised of world-class experts in engineering and manufacturing who provide innovative solutions to complex customer challenges with a fearless commitment to Building the Future of Energy. KOIL Energy's highly experienced team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world. Visit to learn more. Contact: ir@ or sales@ in to access your portfolio
Globe and Mail
03-03-2025
- Business
- Globe and Mail
KOIL Energy Announces Expansion into Brazil with a New Manufacturing and Service Support Facility
HOUSTON, March 03, 2025 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG) a leader in providing controls infrastructure for subsea oil and gas fields, today announced its expansion into Brazil, with a new technology center for manufacturing and service support in Macaé. 'Macaé represents an exciting new chapter for KOIL Energy as we establish our presence in Brazil, the largest subsea market in the world,' said Erik Wiik, KOIL Energy's President and CEO. 'This facility is expected to play a key role in our growth strategy, and we are grateful for the strong partnership and support from local customers and suppliers.' Macaé is generally considered to be the center of the offshore petroleum industry in Brazil, and it is often referred to as "Cidade do Petróleo." KOIL Energy has leased a 180,000 sq ft property with offices and a workshop of 27,000 sq ft. The facility will house engineering, manufacturing, testing and service support activities. 'KOIL Energy's decision to prioritize Brazil in its growth strategy is driven by this country's ambitious plan to become one of the top five oil producers in the world by 2030 and maintain that position for years to come,' said Gustavo Goncalves, Managing Director of KOIL Energy in Brazil. 'KOIL's product portfolio is perfectly suited to support Brazilian operators on this exciting growth journey.' The subsidiary, KOIL Energy Solutions Brasil LTDA, has been established as the legal entity for KOIL Energy's operations in Brazil. The company's head office is in Houston, Texas, United States. About KOIL KOIL Energy is a leading energy services company offering subsea equipment and support services to the world's energy and offshore industries. Founded in 1997 in Houston, Texas, the company is comprised of world-class experts in engineering and manufacturing who provide innovative solutions to complex customer challenges with a fearless commitment to Building the Future of Energy. KOIL Energy's highly experienced team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world. Visit to learn more.
