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National Energy Services Reunited Corp. Announces Creation of its ESG IMPACT Segment at the Future Investment Initiative Forum in Riyadh
RIYADH, SAUDI ARABIA / ACCESSWIRE / January 27, 2021 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a
About this update from National Energy Services Reunited Corp
[{"type":"text","content":"RIYADH, SAUDI ARABIA / ACCESSWIRE / January 27, 2021 / National Energy Services Reunited Corp. (\"NESR\" or the \"Company\") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (\"MENA\") and Asia Pacific regions, today announced the creation of Environmental, Social and Governance Impact Segment (\"ESG IMPACT\"), which will operate independently from the existing Production and Drilling & Evaluation Services segments. This announcement coincides with the launch of the 4th edition of the Future Investment Initiative (\"FII\"), which is focused on reimaging and reenergizing the global economy amid the ongoing challenges under the theme of \"The Neo-Renaissance.\"\"Since inception, NESR has prioritized positive impact on communities through economic empowerment and local value creation. The ESG IMPACT segment will address key issues that are relevant to the communities in which we operate, such as water conservation and aquifer protection, and tackle larger global challenges like climate change mitigation, where we can make a significant impact as an industry. The Oil and Gas industry has long acted as a catalyst for global growth and has been a foundation upon which the global economy has been built over the last century. Going forward, we believe our industry can lead and address complex global challenges by adopting, adapting, improving the performance of our industry, and minimizing our collective environmental footprint through leveraging our tremendous research, engineering, and project management capabilities across the globe.\" commented Sherif Foda, Chairman of the Board and CEO of NESR, speaking at the FII in Riyadh.NESR continues to be focused on improving its ESG performance and on delivering services in the most effective, efficient, and sustainable manner and the new ESG IMPACT segment is envisaged to host a portfolio of product lines and services to mitigate climate change, enhance water management and conservation, minimize environmental waste in the industry, and introduce innovative energy solutions. The Climate Change mitigation product line will focus on the objective of establishing real time monitoring of greenhouse gas emission from oilfield operations, including wellhead, gathering stations, and gas processing facilities. In ad...