KOIL Energy Secures Major Project Award Mobilizing New and Old Carousels

HOUSTON, June 11, 2026 (GLOBE NEWSWIRE) — KOIL Energy Solutions Inc. (OTCQB: KLNG), a leading international provider of subsea equipment and services, today announced the award of a major project for subsea umbilical handling, spooling, and storage services. This project requires two large carousels, and KOIL will deploy both a newly acquired, large mobile offshore carousel and an existing carousel asset to execute the work.

Source: https://www.globenewswire.com/news-release/2026/06/11/3310764/0/en/KOIL-Energy-Secures-Major-Project-Award-Mobilizing-New-and-Old-Carousels.html