1. KLNG celebrated Beacon's first oil in Shenandoah deepwater field. 2. KOIL supplied over 70 MQC plates, vital for success. 3. Partnership enhances KLNG's footprint in subsea distribution market. 4. The MQC technology aligns with KLNG's growth strategy. 5. KOIL aims to lead in innovation for energy solutions.
KLNG's involvement in significant projects indicates strong business prospects and market confidence. Historical trends show that partnerships leading to successful project completions usually boost stock performance.
The successful execution of subsea solutions positions KLNG strongly in the market, reflecting both current operational successes and future growth potential. Significant contract announcements and successful project milestones directly correlate with increased investor interest.
The expansion into new markets through landmark projects like Shenandoah suggests sustained revenue growth over time. For example, similar partnerships in the past have led to increased contract acquisitions and market share.
HOUSTON, Oct. 09, 2025 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB:KLNG), a specialist in deepwater energy production and distribution equipment and services, today congratulated Beacon Offshore Energy LLC ("Beacon") on its first oil in the Shenandoah deepwater field in the Gulf of America.
KOIL Energy is proud to have supported Beacon as a partner, delivering crucial subsea solutions that helped make this milestone possible.
"We are proud to have played a significant role in this milestone project, contributing to Beacon's successful first oil achievement," said Erik Wiik, President and CEO of KOIL Energy Solutions, Inc. "With over 70 MQC plates supplied, KOIL's advanced technology was instrumental in driving this success, aligning perfectly with our growth strategy and commitment to innovation."
In January 2023, KOIL Energy announced its role in the Shenandoah project— a contribution of the Company's Multi Quick Connect (MQC) plates, qualified for the 20,000-psi high-pressure application. These critical pieces of subsea infrastructure, used to enable the transfer of fluids between subsea control systems, have expanded KOIL's footprint in the subsea distribution market.
KOIL Energy MQC Plate
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 www.koilenergy.com to learn more.
Investor Relations Contact:
ir@koilenergy.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d5b6fff2-8144-4c40-84e6-84aded18e288
