Red Cat Holdings (RCAT) shares fell 1.1% on December 23 after an initial 5% gain, as investors weighed the benefits of a new FCC ban on foreign drones against the company's weak financials.
Chicago Bridge & Iron Company (CB&I) has acquired Petrofac's Aberdeen-based engineering and operations arm, a move that saves approximately 3,000 UK jobs while avoiding Petrofac's estimated $707.9 million debt.
Shell, with a 79% working interest, and partner INEOS Energy announced a significant oil discovery at the Nashville well in the Gulf of America on December 23, 2025.