BRIEF-Net Power Unit & Baker Hughes Energy Services Entered Into Variation Agreement No. 2

Reuters

2024/10/05

Oct 4 (Reuters) - NET Power Inc :

* NET POWER: ON SEPT 30, CO'S UNIT & BAKER HUGHES ENERGY SERVICES LLC ENTERED INTO VARIATION AGREEMENT NO. 2

* NET POWER: PURSUANT TO LNTP, CO WILL PAY BAKER HUGHES UP TO ABOUT $90 MILLION FOR PURCHASE OF LONG-LEAD MATERIALS

* NET POWER INC: PAYMENTS FOR LONG-LEAD MATERIALS UNDER ORIGINAL LETTER OF LIMITED NOTICE TO PROCEED COMMENCED IN DECEMBER 2023

* NET POWER: REMAINDER OF PAYMENTS UNDER LNTP ARE EXPECTED TO CONTINUE TO BE MADE THROUGH APRIL 2026

* NET POWER: CO, BAKER HUGHES INTEND TO ENTER INTO PURCHASE AGREEMENT FOR TURBOEXPANDER & KPEP IN 2025

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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BAKER HUGHES ENERGY SERVICES LLC ENTERED INTO VARIATION AGREEMENT NO. 2</p><p>   * NET POWER: PURSUANT TO LNTP, CO WILL PAY BAKER HUGHES UP TO ABOUT $90 MILLION FOR PURCHASE OF LONG-LEAD MATERIALS</p><p>   * NET POWER INC: PAYMENTS FOR LONG-LEAD MATERIALS UNDER ORIGINAL LETTER OF LIMITED NOTICE TO PROCEED COMMENCED IN DECEMBER 2023</p><p>   * NET POWER: REMAINDER OF PAYMENTS UNDER LNTP ARE EXPECTED TO CONTINUE TO BE MADE THROUGH APRIL 2026</p><p>   * NET POWER: CO, BAKER HUGHES INTEND TO ENTER INTO PURCHASE AGREEMENT FOR TURBOEXPANDER &amp; KPEP IN 2025</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0251142724.SGD","symbol_name":"Fidelity America A-SGD","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2473997072","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473997072","pubTimestamp":1728074725,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Oct 4  - NET Power Inc   :   * NET POWER: ON SEPT 30, CO'S UNIT & BAKER HUGHES ENERGY SERVICES LLC ENTERED INTO VARIATION AGREEMENT NO. 2   * NET POWER: PURSUANT TO LNTP, CO WILL PAY BAKER HUGHES UP TO ABOUT $90 MILLION FOR PURCHASE OF LONG-LEAD MATERIALS   * NET POWER INC: PAYMENTS FOR LONG-LEAD MATERIALS UNDER ORIGINAL LETTER OF LIMITED NOTICE TO PROCEED COMMENCED IN DECEMBER 2023   * NET POWER: REMAINDER OF PAYMENTS UNDER LNTP ARE EXPECTED TO CONTINUE TO BE MADE THROUGH APRIL 2026   * NET POWER: CO, BAKER HUGHES INTEND TO ENTER INTO PURCHASE AGREEMENT FOR TURBOEXPANDER & KPEP IN 2025Source text for Eikon:    Further company coverage:    ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0251142724.SGD":"Fidelity America A-SGD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","BK4566":"资本集团","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","NPWR":"NET Power","BK4234":"特殊用途房地产信托","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","BKR":"Baker Hughes Co","LU1917777945.USD":"安联专题基金Cl AT Acc","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4588":"碎股","NPWR.WS":"NET POWER INC C/WTS 08/06/2028(TO PUR COM)","BK4548":"巴美列捷福持仓","BK4182":"重型电气设备","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU2463526074.USD":"NORDEA 1 - GLOBAL CLIMATE ENGAGEMENT \"BP\" (USD) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","BK4179":"石油天然气设备与服务","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4554":"元宇宙及AR概念","BK4560":"网络安全概念","PW":"Power REIT","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","NET":"Cloudflare, Inc.","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","BK4116":"互联网服务与基础架构","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4585":"ETF&股票定投概念","BK4084":"特种房地产投资信托"},"translate_title":"简介-Net Power Unit与贝克休斯能源服务公司签订第2号变更协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NPWR":0.9,"NPWR.WS":0.9,"PW":1,"NET":0.9,"BKR":1},"content_text":"Oct 4 (Reuters) - NET Power Inc   :   * NET POWER: ON SEPT 30, CO'S UNIT & BAKER HUGHES ENERGY SERVICES LLC ENTERED INTO VARIATION AGREEMENT NO. 2   * NET POWER: PURSUANT TO LNTP, CO WILL PAY BAKER HUGHES UP TO ABOUT $90 MILLION FOR PURCHASE OF LONG-LEAD MATERIALS   * NET POWER INC: PAYMENTS FOR LONG-LEAD MATERIALS UNDER ORIGINAL LETTER OF LIMITED NOTICE TO PROCEED COMMENCED IN DECEMBER 2023   * NET POWER: REMAINDER OF PAYMENTS UNDER LNTP ARE EXPECTED TO CONTINUE TO BE MADE THROUGH APRIL 2026   * NET POWER: CO, BAKER HUGHES INTEND TO ENTER INTO PURCHASE AGREEMENT FOR TURBOEXPANDER & KPEP IN 2025Source text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}