Nauticus Robotics Inks Offshore Service Contract With Shell
Portfolio Pulse from Shivani Kumaresan
Nauticus Robotics Inc (NASDAQ:KITT) has signed a service contract with Shell plc (NYSE:SHEL) for inspection services on a Shell subsea field development in the Gulf of Mexico. The contract could lead to future inspection service projects and a potential multi-year service pipeline. Nauticus' autonomous subsea robot, Aquanaut, will be used for the project. The financial terms of the contract were not disclosed.
September 14, 2023 | 4:41 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Nauticus Robotics has secured a service contract with Shell, which could lead to future projects and a potential multi-year service pipeline.
The contract with Shell is a significant development for Nauticus Robotics. It not only provides immediate revenue but also opens the door for future projects and a potential multi-year service pipeline. This could have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Shell has entered into a service contract with Nauticus Robotics for inspection services on a subsea field development.
While the contract with Nauticus Robotics is important for Shell's subsea field development, it's unlikely to have a significant impact on the company's stock price in the short term due to the size and diversity of Shell's operations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50