Articles from Koil Energy Solutions, Inc.

HOUSTON, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), announced today that it will file its Quarterly Report on Form 10-Q for the second quarter of 2025 on Thursday, August 14, 2025.

HOUSTON, May 20, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, released today its first quarter 2025 results.

HOUSTON, May 14, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, announced today that it will file its Quarterly Report on Form 10-Q for the first quarter of 2025 on Tuesday, May 20, 2025. The Company is filing the Quarterly Report within the extended timeframe granted by the Securities and Exchange Commission of five days. The delay is due to the requirement to complete certain accounting procedures subsequent to the delayed filing of its Annual Report on Form 10-K for the year ended December 31, 2024.

HOUSTON, April 22, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), (the "Company") today announced that Mr. Mads Andersen has been elected to its Board of Directors as an independent, non-executive director, effective today.

HOUSTON, April 21, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), (the "Company") today announced the appointment of Mr. Kurt Keller as the chief financial officer (CFO), effective April 22, 2025. Mr. Keller has two decades of financial leadership experience from middle-market companies, where he has successfully scaled operations and transformed businesses, growing revenues from $20 million to $100 million.

HOUSTON, April 16, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), (the "Company"), a leader in providing controls infrastructure for subsea oil and gas fields, today announced that it will be presenting at the investor conference: Planet MicroCap Showcase: VEGAS 2025 in partnership with MicroCapClub on Wednesday, April 23, 2025 at 2:30pm (PST). Erik Wiik, President and CEO of KOIL Energy, will be hosting the presentation and answering questions at the conclusion.

HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, released today its fourth quarter and full year 2024 results.

HOUSTON, April 10, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, announced today that it will report its fourth quarter and full year 2024 results on Tuesday, April 15, 2025 before the market opens.

HOUSTON, March 29, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), (the “Company”) today announced that it will be filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission (the “SEC”) later than the originally scheduled date of March 31, 2025. The Company anticipates filing the Annual Report within the extended timeframe granted by the SEC of fifteen days. The delay is due to the requirement to complete certain audit procedures after a material weakness in internal control over financial reporting was discovered during the final review cycle. The Company’s financial statements are being updated to reflect a $140,000 accrual for expired stock options that had been reversed in a manner inconsistent with Accounting Standards Codification 718. Although this adjustment constitutes a material weakness in internal control over financial reporting, the Company does not believe that it will have a material adverse impact on the Company’s financial position or results of operations. The Company anticipates reporting continued profitable growth in revenues during the quarter and year ended December 31, 2024, compared to the prior periods.

HOUSTON, March 25, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, announced today that it will report its fourth quarter and full year 2024 results on Monday, March 31, 2025 before the market opens.

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.

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.

The company’s growth strategy advances in Brazil to support subsea customers

HOUSTON, Jan. 15, 2025 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG) today announced the resignation of Mr. Trevor Ashurst from his position as Vice President of Finance and Administration, effective February 1, 2025.

HOUSTON, Dec. 18, 2024 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG) has been awarded a significant contract to supply Electrical and Hydraulic Distribution Manifolds for a project in West Africa. This award, from a prominent international oil and gas company, highlights KOIL's core technological expertise and solidifies its position as a trusted partner in the subsea sector.

HOUSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), today announced Erik Wiik, President and CEO, will present and host one-on-one meetings with investors at the Sidoti November Virtual Investor Conference, taking place on November 13-14, 2024.

Third Quarter Highlights

HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, announced today that it will report its third quarter 2024 results on Monday, November 4, 2024 before the market opens.

HOUSTON, Aug. 08, 2024 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), an international specialist in subsea equipment and services, today announces the award of a significant contract today for delivering Bend Stiffener Latchers (BSL®) to an operator in a new region.

Second Quarter Highlights

HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, announced today that it will report its second quarter 2024 results on Monday, August 5, 2024 before the market opens.