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Stock Market & Financial Investment News

News Breaks
July 9, 2014
08:38 EDTCPSTCapstone Turbine secures first order in Oman
Capstone Turbine announced that it received its first order in Oman from PipeLine Supply Company, the distributor for Oman and Qatar. The order, consisting of two Capstone C65 High Pressure Natural Gas microturbines, was secured by PipeLine Supply Company, Capstone's exclusive distributor for Oman and Qatar.
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September 18, 2014
08:35 EDTCPSTCapstone Turbine announces 2 MW order for offshore platform
Capstone Turbine announced that it received an order for two C1000 microturbines for an offshore oil and gas platform in Africa. The two C1000s will run on flare gas to power artificial lift equipment, more specifically electrical submersible pumps that are used to increase oil production. The artificial lift market was more than $9.2B in 2012 and is forecasted to grow to $16B in 2018. Africa and the Middle East are expected to represent 13% of this growth year over year.

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