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.
NOV & Petrobras Collaborate to Develop CO2-Resistant Flexible Pipes
Read MoreHide Full Article
NOV Inc. (NOV - Free Report) , a global oilfield services firm, has inked an agreement with Petrobras S.A. (PBR - Free Report) to develop CO2-resistant flexible pipes for deepwater oil and gas operations. The companies mentioned that stress corrosion cracking (SCC), which is caused byhigh CO2 concentration, is a significant challenge in oil and gas operations in deepwater and subsea environments.
The collaboration aims to develop stainless steel that will help combat SCC, which affects oil and gas subsea infrastructure. Per the terms of the contract, Petrobras will invest in stainless steel armoring technology by working closely with NOV. The partnership aims to develop an effective solution that meets the very strict industry standards.
Accordingly, the partners are focusing on creating 6-inch and 8-inch production and gas injection risers along with associated flowlines specifically designed to endure high levels of CO2 in deepwater environments.
According to NOV, this technology also aims to retain the core features of standard flexible pipes. This includes easy installation and deployment, along with compatibility with the existing oil and gas infrastructure. Preserving these features should ensure minimum disruptions to ongoing operations and facilitate a cost-effective integration with Petrobras’ existing infrastructure.
NOV has highlighted that this innovative solution to combat SCC demonstrates how collaboration and knowledge sharing advance technological developments that ultimately benefit the entire oil and gas industry.
Zacks Rank and Key Picks
Currently, both NOV and PBR carry a Zacks Rank #3 (Hold).
Archrock is an energy infrastructure company based in the United States with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.
Nine Energy Service provides onshore completion and production services for unconventional oil and gas resource development. The company operates across key prolific basins in the United States, including the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus and Utica, as well as throughout Canada. With sustained demand for oil and gas in the future, the need for NINE’s services is expected to increase, positioning the company for long-term growth.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
NOV & Petrobras Collaborate to Develop CO2-Resistant Flexible Pipes
NOV Inc. (NOV - Free Report) , a global oilfield services firm, has inked an agreement with Petrobras S.A. (PBR - Free Report) to develop CO2-resistant flexible pipes for deepwater oil and gas operations. The companies mentioned that stress corrosion cracking (SCC), which is caused byhigh CO2 concentration, is a significant challenge in oil and gas operations in deepwater and subsea environments.
The collaboration aims to develop stainless steel that will help combat SCC, which affects oil and gas subsea infrastructure. Per the terms of the contract, Petrobras will invest in stainless steel armoring technology by working closely with NOV. The partnership aims to develop an effective solution that meets the very strict industry standards.
Accordingly, the partners are focusing on creating 6-inch and 8-inch production and gas injection risers along with associated flowlines specifically designed to endure high levels of CO2 in deepwater environments.
According to NOV, this technology also aims to retain the core features of standard flexible pipes. This includes easy installation and deployment, along with compatibility with the existing oil and gas infrastructure. Preserving these features should ensure minimum disruptions to ongoing operations and facilitate a cost-effective integration with Petrobras’ existing infrastructure.
NOV has highlighted that this innovative solution to combat SCC demonstrates how collaboration and knowledge sharing advance technological developments that ultimately benefit the entire oil and gas industry.
Zacks Rank and Key Picks
Currently, both NOV and PBR carry a Zacks Rank #3 (Hold).
Some better-ranked stocks from the energy sector are Archrock Inc. (AROC - Free Report) and Nine Energy Service (NINE - Free Report) . While Archrock currently sports a Zacks Rank #1 (Strong Buy), Nine Energy Service carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Archrock is an energy infrastructure company based in the United States with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.
Nine Energy Service provides onshore completion and production services for unconventional oil and gas resource development. The company operates across key prolific basins in the United States, including the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus and Utica, as well as throughout Canada. With sustained demand for oil and gas in the future, the need for NINE’s services is expected to increase, positioning the company for long-term growth.