Xfuels Inc. Subsidiary Cycle Energy Services Purchases Drilling Rig - Xfuels to Begin New Drilling Programs
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7766/83752 d27851a5441e0a6d 002full.jpg
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7766/83752 d27851a5441e0a6d 003full.jpg
The rig, a Failing 3500 Telescopic Double which is capable of drilling both vertical and horizontal wells up to 3200 meters approximately 10,000 Feet will be the centerpiece of Cycle Energy Services fleet. The rig is in tremendous shape, has very low hours and has drilled approximately 50 wells prior to being racked. The rig is also capable of being upgraded to a maximum drill depth of 5000 meters approximately 16,000 feet.
CETY Enters Renewable Finance Business
News provided by
Share this article
Share this article
COSTA MESA, Calif., May 11, 2021 /PRNewswire/ Clean Energy Technologies, Inc. (OTCQB: CETY), announced today that it has established a wholly owned subsidiary called CETY Capital, a financing arm of CETY to fund captive renewable energy projects producing low carbon energy. CETY Capital will add flexibility to the capacity CETY offers its customers and fund projects utilizing its products and clean energy solutions.
CETY Capital provides an in-house financial arm supporting its sales and building new renewable energy facilities which management expects to improve profitability and margins.
Dow adds more than 300 points to record close, Nasdaq turns positive in afternoon jump
Traders reacted to jobless claims falling to 498,000 last week, well below the 538,000 expected
4:20pm: PayPal shares pop on earnings beat
Traders stepped on the gas in the final hours, propeling the Dow 318 points higher, a gain of nearly 1%, to a record 34,549. The Nasdaq gained 50 points, 0.4%, to 13,633 after spending most of the day in the red, and the S&P 500 picked up 34 points, 0.8%, to finish at 4,202.
PayPal Holdings Inc (NASDAQ:PYPL) got in on the gains after the company reported earnings that came in ahead of expectations and revenue that jumped 31% year-over-year. Shares gained nearly 2% to $252.02.
FTSE 100 holds on to slight gains; Wall Street digests positive jobless claims data
Companies
FTSE 100 holds on to slight gains; Wall Street digests positive jobless claims data
The UK blue chip index closed higher after positive economic news
FTSE 100 adds 37 points
US stocks see mixed performance
UK service sector growth fastest since 2013
5:05pm: BoE meeting propels FTSE to positive day
The FTSE 100 ended Thursday up 37 points, 0.5%, at 7,076, while the FTSE 250 added 105 points, 0.5%, to 22,491. UK stocks have managed to stave off any of the losses seen on mainland Europe, with a positive assessment from the Bank of England highlighting a strong 2021, IG Senior Market Analyst Joshua Mahony said. The Bank of England meeting gave plenty of grounds for optimism, with the bank raising forecasts to predict the best year of growth since the second world war. The dramatic upgrade in growth forecasts saw the bank predict a rate of 7.25% over the course of 2021; up from the
Dow adds more than 300 points to record close, Nasdaq turns positive in afternoon jump
Traders reacted to jobless claims falling to 498,000 last week, well below the 538,000 expected
4:20pm: PayPal shares pop on earnings beat
Traders stepped on the gas in the final hours, propeling the Dow 318 points higher, a gain of nearly 1%, to a record 34,549. The Nasdaq gained 50 points, 0.4%, to 13,633 after spending most of the day in the red, and the S&P 500 picked up 34 points, 0.8%, to finish at 4,202.
PayPal Holdings Inc (NASDAQ:PYPL) got in on the gains after the company reported earnings that came in ahead of expectations and revenue that jumped 31% year-over-year. Shares gained nearly 2% to $252.02.