Nabors Energy Transition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the alternative energy, energy storage, emissions reduction, and carbon capture sectors. The company was incorporated in 2021 and is based in Houston, Texas.
IPO Year: 2022
Exchange: NYSE
Website: https://www.nabors-etcorp.com
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HAMILTON, Bermuda, April 24, 2023 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) today reported first quarter 2023 operating revenues of $779 million, an increase of 2.5%, compared to operating revenues of $760 million in the fourth quarter of 2022. The net income attributable to Nabors shareholders for the quarter was $49 million, or $4.11 per diluted share. This compares to a loss of $69 million, or $7.87 per diluted share, in the fourth quarter. The first quarter results included a gain, related to mark-to-market treatment of Nabors warrants, of $34 million, or $3.48 per diluted share. The quarter also included a $25 million, or $2.06 per diluted share, gain
Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE:NBR) issued the following statement today from Chairman, President and CEO Anthony G. Petrello regarding the entry into a business combination agreement between the special purpose acquisition company (SPAC) Nabors formed in 2021, Nabors Energy Transition Corporation (NYSE:NETC, NETC.U, NETC.WS)), and Vast Pty Ltd ("Vast"): "We welcome Vast as Nabors' ninth and largest energy transition investment to date. Vast's next-generation concentrated solar power platform complements and enhances our existing portfolio of companies similarly pursuing clean, renewable, dispatchable and scalable energy solutions. "Nabors has consistently focused
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On December 19, 2023, Vast's ordinary shares expected to begin trading on Nasdaq under the ticker symbol "VSTE" Vast Renewables Limited ("Vast" or the "Company"), a renewable energy company specialising in concentrated solar thermal power ("CSP") energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced the completion of its business combination (the "Business Combination") with Nabors Energy Transition Corp. ("NETC"), an affiliate of Nabors Industries Ltd. ("Nabors") (NYSE:NBR). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231218549845/en/ In connection with the closing
HOUSTON, Dec. 8, 2023 /PRNewswire/ -- Nabors Energy Transition Corp. ("NETC" or the "Company") (NYSE:NETC, NETC.WS, NETC.U))) announced today that, at a special meeting of NETC stockholders held on December 8, 2023 (the "Extension Meeting"), its stockholders approved an extension of the date by which it has to consummate its initial business combination, allowing the Company's board of directors, without another stockholder vote, to extend such date up to three times for an additional one month each time (but in no event to a date later than 28 months from the closing of NETC's initial public offering) (each such month, a "Monthly Extension Period") by depositing $200,000 for each Monthly Ex
EDF Australia ("EDF Australia") today announced a Euro 10 million commitment to Vast Renewables Limited ("Vast"), a renewable energy company specialising in concentrated solar power ("CSP") energy systems that generate zero-carbon, utility-scale electricity and industrial process heat. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231208703419/en/ The companies will partner to develop Australian CSP projects that will further Australia's transition to a clean-energy economy. EDF Australia's capital commitment is subject to closing the previously announced business combination between Vast and Nabors Energy Transition Corp. ("
HOUSTON, Nov. 17, 2023 /PRNewswire/ -- Nabors Energy Transition Corp. (NYSE:NETC, NETC.WS, NETC.U))) ("NETC" or the "Company") announced that its board of directors has elected to extend the date by which NETC has to consummate a business combination by one additional month from November 18, 2023 to December 18, 2023 (the "Extension"), as permitted under NETC's second amended and restated certificate of incorporation. The Extension provides NETC with additional time to complete its previously announced initial business combination (the "Business Combination") with Vast Renewables Limited (f/k/a Vast Solar Pty Ltd) ("Vast"). In connection with the Extension, Nabors Lux 2 S.a.r.l. ("Nabors Lu
HOUSTON, Oct. 13, 2023 /PRNewswire/ -- Nabors Energy Transition Corp. (NYSE:NETC, NETC.WS, NETC.U))) ("NETC" or the "Company") announced that its board of directors has elected to extend the date by which NETC has to consummate a business combination by one additional month from October 18, 2023 to November 18, 2023 (the "Extension"), as permitted under NETC's second amended and restated certificate of incorporation. The Extension provides NETC with additional time to complete its previously announced initial business combination (the "Business Combination") with Vast Solar Pty Ltd ("Vast"). In connection with the Extension, Nabors Lux 2 S.a.r.l. ("Nabors Lux"), an affiliate of Nabors Energ
Canberra Airport Group has committed to purchase USD $5 million of Vast ordinary shares and conditionally a further USD $5 million of Vast ordinary shares ahead of Vast's US public listing Vast Solar Pty Ltd (Vast), a world-leader in concentrated solar thermal power (CSP) energy systems, today announced that it has entered into a subscription agreement with Canberra Airport Group (Canberra Airport) to purchase up to USD $10 million of Vast ordinary shares at an approximate price of USD10.20 per share through an investment vehicle. The agreement is subject to closing of the previously announced business combination between Vast and Nabors Energy Transition Corp. (NETC). Canberra Airport'
HOUSTON, Sept. 14, 2023 /PRNewswire/ -- Nabors Energy Transition Corp. (NYSE:NETC) ("NETC" or the "Company") announced that its board of directors has elected to extend the date by which NETC has to consummate a business combination by one additional month from September 18, 2023 to October 18, 2023 (the "Extension"), as permitted under NETC's second amended and restated certificate of incorporation. The Extension provides NETC with additional time to complete its previously announced initial business combination (the "Business Combination") with Vast Solar Pty Ltd ("Vast"). In connection with the Extension, Nabors Lux 2 S.a.r.l. ("Nabors Lux"), an affiliate of Nabors Energy Transition Spon
Mr. Sandoval brings extensive international CSP project delivery experience to Vast as VS1 moves towards construction Vast Solar Pty Ltd ("Vast" or the "Company"), a world-leader in concentrated solar thermal power (CSP), today announced the appointment of Federico Sandoval as its new Project Director for VS1, Vast's 30MW / 288MWh CSP project in Port Augusta, South Australia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230907722959/en/Federico Sandoval (Photo: Business Wire) Utilising Vast's proprietary, modular tower CSP v3.0 technology, VS1 will generate clean, low-cost, dispatchable power with 8 hours of thermal energy s
Mr. Smith brings extensive public-company experience and energy industry expertise to Vast in advance of its U.S. Exchange listing Vast Solar Pty Ltd (Vast), a renewable energy company specialising in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale, dispatchable electricity and industrial process heat, announced today the appointment of Marshall D. (Mark) Smith as the company's new Chief Financial Officer (CFO), effective September 18, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230821568087/en/Mark Smith, CFO of Vast (Photo: Business Wire) Based between Vast's Sydney hea
HOUSTON, Aug. 16, 2023 /PRNewswire/ -- Nabors Energy Transition Corp. (NYSE:NETC) ("NETC" or the "Company") announced that its board of directors has elected to extend the date by which NETC has to consummate a business combination by one additional month from August 18, 2023 to September 18, 2023 (the "Extension"), as permitted under NETC's second amended and restated certificate of incorporation. The Extension provides NETC with additional time to complete its previously announced initial business combination (the "Business Combination") with Vast Solar Pty Ltd ("Vast"). In connection with the Extension, Nabors Lux 2 S.a.r.l. ("Nabors Lux"), an affiliate of Nabors Energy Transition Sponsor
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On December 19, 2023, Vast's ordinary shares expected to begin trading on Nasdaq under the ticker symbol "VSTE" Vast Renewables Limited ("Vast" or the "Company"), a renewable energy company specialising in concentrated solar thermal power ("CSP") energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced the completion of its business combination (the "Business Combination") with Nabors Energy Transition Corp. ("NETC"), an affiliate of Nabors Industries Ltd. ("Nabors") (NYSE:NBR). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231218549845/en/ In connection with the closing
Mr. Sandoval brings extensive international CSP project delivery experience to Vast as VS1 moves towards construction Vast Solar Pty Ltd ("Vast" or the "Company"), a world-leader in concentrated solar thermal power (CSP), today announced the appointment of Federico Sandoval as its new Project Director for VS1, Vast's 30MW / 288MWh CSP project in Port Augusta, South Australia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230907722959/en/Federico Sandoval (Photo: Business Wire) Utilising Vast's proprietary, modular tower CSP v3.0 technology, VS1 will generate clean, low-cost, dispatchable power with 8 hours of thermal energy s
Mr. Smith brings extensive public-company experience and energy industry expertise to Vast in advance of its U.S. Exchange listing Vast Solar Pty Ltd (Vast), a renewable energy company specialising in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale, dispatchable electricity and industrial process heat, announced today the appointment of Marshall D. (Mark) Smith as the company's new Chief Financial Officer (CFO), effective September 18, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230821568087/en/Mark Smith, CFO of Vast (Photo: Business Wire) Based between Vast's Sydney hea
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