NOV(US:NOV) ZACKS·2025-03-27 17:40Group 1 - NOV Inc. has entered into an agreement with Petrobras S.A. to develop CO2-resistant flexible pipes for deepwater oil and gas operations, addressing the challenge of stress corrosion cracking (SCC) caused by high CO2 concentration [1][2] - The collaboration will focus on developing stainless steel armoring technology to combat SCC, with Petrobras investing in this technology while working closely with NOV [2] - The partners aim to create 6-inch and 8-inch production and gas injection risers along with associated flowlines designed to withstand high CO2 levels in deepwater environments [3] Group 2 - The new technology is intended to retain the core features of standard flexible pipes, such as easy installation and compatibility with existing oil and gas infrastructure, minimizing disruptions to ongoing operations [4] - NOV emphasizes that this innovative solution showcases how collaboration and knowledge sharing can advance technological developments that benefit the oil and gas industry as a whole [5] Group 3 - Both NOV and Petrobras currently hold a Zacks Rank 3 (Hold), indicating a neutral outlook [6] - Other energy sector companies with better rankings include Archrock Inc. with a Zacks Rank 1 (Strong Buy) and Nine Energy Service with a Zacks Rank 2 (Buy) [6]