other material
confidence high
sentiment positive
materiality 0.30
Oil States International receives contract for Merlin Deepsea Mineral Riser system
OIL STATES INTERNATIONAL, INC
- Contract for Merlin Deepsea Mineral Riser system to harvest seabed minerals including cobalt, manganese, nickel, rare earth elements.
- System designed for ultra-deepwater environments, leveraging over 40 years of deepwater connection expertise.
- Minerals are critical components for EV batteries, solar cells, wind turbines, computers, and smartphones.
- Award positions Oil States for longer-term growth by supporting a lower-carbon multi-source energy mix.