We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Shell (SHEL) Awards an Offshore Contract to Nauticus Robotics
Read MoreHide Full Article
Shell plc (SHEL - Free Report) , one of the world's leading energy companies, awarded an offshore services contract to Nauticus Robotics, a pioneer in the development of autonomous underwater vehicles (AUVs) and artificial intelligence (AI) for the offshore industry. Per the terms of the deal, Nauticus will provide inspection services on a Shell subsea field development in the Gulf of Mexico.
Contact Details
Nauticus will deploy its flagship AUV, Aquanaut, to perform inspection services on a Shell subsea field development in the Gulf of Mexico. Aquanaut is a fully autonomous vehicle that can operate in water depths of more than 1,000 meters and for up to 12 hours without the need to surface. It is equipped with a variety of sensors, including high-resolution cameras, sonar and ultrasonic testing equipment, which allow it to inspect subsea assets for damage and corrosion.
Benefits of Autonomous Subsea Operations
The use of autonomous robots for subsea inspection and maintenance has a number of advantages over traditional methods. Autonomous robots can operate in deeper water and in more challenging conditions than human divers. They can also collect more data and perform more complex tasks.
These robots can also help reduce costs and improve safety. They can operate without the need for support vessels, which can save significant amount of money. Autonomous robots are also less likely to be involved in accidents than human divers.
In addition to inspection services, Nauticus is also developing AUVs for other subsea tasks, such as repair and maintenance. The company is also working on developing AI-powered software to help its AUVs operate more autonomously and intelligently.
Significance of the Contact
The Shell agreement is a milestone for Nauticus, as it marks the first time that one of the world's leading energy companies has awarded a commercial contract for autonomous subsea inspection services. It also validates Nauticus' technology and its ability to provide safe, reliable and cost-effective solutions for the offshore industry.
Addressing Industry Challenges
The offshore industry faces numerous challenges, including aging infrastructure, rising costs, and increasing environmental regulations. AUVs and AI have the potential to help the industry overcome these challenges and improve its safety, efficiency and sustainability.
Shell's commitment to innovation
Shell is a leader in the development and adoption of new technologies. The company is committed to innovation in all aspects of its business, from exploration and production to refining and marketing.
SHEL’s investment in autonomous subsea technology is a clear example of its commitment to innovation. It believes that autonomous subsea operations have the potential to revolutionize the offshore industry.
Conclusion
The Shell contract is a major validation of Nauticus' technology and its ability to provide commercial subsea services. It also shows the growing adoption of autonomous robots in the offshore industry.
CVR Energy is valued at $3.47 billion. In the past year, its shares have risen 21.3%.
CVI currently pays a dividend of $2 per share, or 5.76% on an annual basis. Its payout ratio currently sits at 30% of earnings.
USA Compression Partners is worth approximately $2.17 million. USAC currently pays a dividend of $2.10 per unit, or 9.49% on an annual basis.
The company offers natural gas compression services to oil companies and independent producers, processors, gatherers, and transporters of natural gas and crude oil.
Archrock is valued at around $1.90 billion. It delivered an average earnings surprise of 15.08% for the last four quarters and its current dividend yield is 5.12%.
Archrock is a provider of natural gas contract compression services and aftermarket services of compression equipment.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Shell (SHEL) Awards an Offshore Contract to Nauticus Robotics
Shell plc (SHEL - Free Report) , one of the world's leading energy companies, awarded an offshore services contract to Nauticus Robotics, a pioneer in the development of autonomous underwater vehicles (AUVs) and artificial intelligence (AI) for the offshore industry. Per the terms of the deal, Nauticus will provide inspection services on a Shell subsea field development in the Gulf of Mexico.
Contact Details
Nauticus will deploy its flagship AUV, Aquanaut, to perform inspection services on a Shell subsea field development in the Gulf of Mexico. Aquanaut is a fully autonomous vehicle that can operate in water depths of more than 1,000 meters and for up to 12 hours without the need to surface. It is equipped with a variety of sensors, including high-resolution cameras, sonar and ultrasonic testing equipment, which allow it to inspect subsea assets for damage and corrosion.
Benefits of Autonomous Subsea Operations
The use of autonomous robots for subsea inspection and maintenance has a number of advantages over traditional methods. Autonomous robots can operate in deeper water and in more challenging conditions than human divers. They can also collect more data and perform more complex tasks.
These robots can also help reduce costs and improve safety. They can operate without the need for support vessels, which can save significant amount of money. Autonomous robots are also less likely to be involved in accidents than human divers.
In addition to inspection services, Nauticus is also developing AUVs for other subsea tasks, such as repair and maintenance. The company is also working on developing AI-powered software to help its AUVs operate more autonomously and intelligently.
Significance of the Contact
The Shell agreement is a milestone for Nauticus, as it marks the first time that one of the world's leading energy companies has awarded a commercial contract for autonomous subsea inspection services. It also validates Nauticus' technology and its ability to provide safe, reliable and cost-effective solutions for the offshore industry.
Addressing Industry Challenges
The offshore industry faces numerous challenges, including aging infrastructure, rising costs, and increasing environmental regulations. AUVs and AI have the potential to help the industry overcome these challenges and improve its safety, efficiency and sustainability.
Shell's commitment to innovation
Shell is a leader in the development and adoption of new technologies. The company is committed to innovation in all aspects of its business, from exploration and production to refining and marketing.
SHEL’s investment in autonomous subsea technology is a clear example of its commitment to innovation. It believes that autonomous subsea operations have the potential to revolutionize the offshore industry.
Conclusion
The Shell contract is a major validation of Nauticus' technology and its ability to provide commercial subsea services. It also shows the growing adoption of autonomous robots in the offshore industry.
Zacks Rank and Key Picks
Currently, SHEL carries a Zacks Rank #3 (Hold).
Some better-ranked stocks for investors interested in the energy sector are CVR Energy (CVI - Free Report) and USA Compression Partners (USAC - Free Report) , both sporting a Zacks Rank #1 (Strong Buy), and Archrock (AROC - Free Report) , carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
CVR Energy is valued at $3.47 billion. In the past year, its shares have risen 21.3%.
CVI currently pays a dividend of $2 per share, or 5.76% on an annual basis. Its payout ratio currently sits at 30% of earnings.
USA Compression Partners is worth approximately $2.17 million. USAC currently pays a dividend of $2.10 per unit, or 9.49% on an annual basis.
The company offers natural gas compression services to oil companies and independent producers, processors, gatherers, and transporters of natural gas and crude oil.
Archrock is valued at around $1.90 billion. It delivered an average earnings surprise of 15.08% for the last four quarters and its current dividend yield is 5.12%.
Archrock is a provider of natural gas contract compression services and aftermarket services of compression equipment.