SLB awarded Petrobras contract for subsea seawater injection systems in Brazil

JV deal

SLB's OneSubsea will provide seawater injection systems to boost recovery and cut emissions at Petrobras' Búzios field. Photo courtesy of SLB

Houston energy technology company SLB announced a contract award by Petrobras to its OneSubsea joint venture for two subsea raw seawater injection systems to increase recovery from the prolific Búzios field in offshore Brazil.

The subsea RWI systems will work to increase the production of floating production storage and offloading (Petrobras FPSO) vessels that are currently bottlenecked in their water injection capacities.The RWI systems, once operational, can reduce greenhouse gas emissions per barrel of oil.

“As deepwater basins mature, we see more and more secondary recovery opportunities emerging,” Mads Hjelmeland, CEO of SLB OneSubsea, says in a news release. “Subsea raw seawater injection is a well-proven application with a strong business case that we think should become mainstream. By placing the system directly on the seabed, we free up space and reduce fuel needs for the FPSOs as well as lessen the power needs for the injection systems. It’s a win-win for Petrobras, and one that we are very excited about.”

SLB OneSubsea works to “optimize oil and gas production, decarbonize subsea operations, and unlock the large potential of subsea solutions to accelerate the energy transition,” per to the company.

SLB OneSubsea is contracted to provide two complete subsea RWI systems to support Petrobras’ FPSOs P-74 and P-75. They will consist of a subsea seawater injection pump, umbilical system and topside variable speed drive. In addition,the team will also provide technical support using AI-enabled Subsea Live services, which includes condition monitoring and access to domain experts.

“This contract will consolidate our solid local content presence in the country, contributed by the largest manufacturing plants and state-of-the-art subsea service facilities in Brazil,” Hjelmeland continues.

An innovative water production company has plans to create Houston-area plants — and more trending Houston energy transition news. Photo via skyh2o.com

M&A moves, innovative water co. expands, and more trending Houston energy transition news

well read

Editor's note: It's been a busy news week for energy transition in Houston, and some of this week's headlines resonated with EnergyCapital readers on social media and daily newsletter. Trending news included a unique water-producing company expanding in Texas new deals and partnerships, and more.

Innovative California company taps Houston area for purified water projects

A California tech company is planning on rolling out a handful of atmospheric water generation projects near Houston. Photo via skyh2o.com

Houstonians are used to filtering their water, but few really ponder why they’re doing it.

“Most people, when they think about water stress, they think about water scarcity, like what you see happening in Northern Africa or maybe the Southern U.S.,” says Alexander von Welczeck, chairman, president and CEO of SkyH2O. “A bigger, creeping issue, particularly in the industrialized world, is water toxicity.”

Some Houston tap water contains “forever chemicals” that can be toxic, as some reports have found. In fact, says von Welczeck, water toxicity is a problem across the Gulf Coast. That’s why the California-based businessman has identified Houston as the first region to benefit from SkyH2O’s technology. Read more.

Houston company closes offshore JV deal to drive innovation, efficiency in subsea production

The new joint venture, OneSubsea, is based in Oslo, Norway, and Houston. Photo courtesy

A new joint venture with co-headquarters in Houston will explore opportunities in the market for subsea systems that tap into offshore energy reserves.

The business, called OneSubsea, is a joint venture of Houston-based energy technology company SLB (Schlumberger), Norwegian energy engineering company Aker Solutions, and Luxembourg-based energy engineering company Subsea7. SLB holds a 70 percent stake in OneSubsea, with Aker’s share at 20 percent and Subsea7’s share at 10 percent.

The financial foundation of the joint venture is a combination of $700.5 million in stock, cash, and a promissory note. In addition, SLB and Aker folded their subsea businesses into the joint venture, which was announced in 2022. Read more.

Clean tech co. with U.S. HQ selected for UAE carbon capture project

Carbon Clean develops carbon capture technology for customers such as cement producers, steelmakers, refineries, and waste-to-energy plants. Photo via Carbon Clean

Abu Dhabi National Oil Co. (ADNOC), the state-owned oil company of the United Arab Emirates, has chosen technology from United Kingdom-based company Carbon Clean for a carbon capture project in Abu Dhabi. Carbon Clean’s U.S. headquarters is in Houston.

Carbon Clean’s modular CycloneCC technology will be used for a carbon capture project at a Fertiglobe nitrogen fertilizer plant. Fertiglobe is a joint venture between ADNOC and OCI Global, a Netherlands-based chemical company.

“This project is hugely significant given it’s the first industrial deployment of our award-winning CycloneCC technology anywhere in the world,” says Aniruddha Sharma, chairman and CEO of Carbon Clean. “We are moving a step closer to achieving full commercialization of this modular solution, which will play a vital role in decarbonizing heavy industries and achieving net-zero targets.”Read more.

Houston carbon storage solutions company names new energy transition leader at pivotal time of growth

Graham Payne, the new director of energy transition at Caliche Development Partners II, is bullish on Houston. Photo courtesy

Graham Payne sees a bright future for the multibillion-dollar energy transition economy in Houston.

“It’s been said that Houston is poised, like no other city, to lead the energy transition. And I’d have to agree, because we have all the requisite natural resources, industry, and talent,” says Payne, the new director of energy transition at Houston-based carbon capture, utilization, and storage (CCUS) company Caliche Development Partners II.

Caliche and other Houston-based energy transition companies secured $6.1 billion in private funding last year, up 62 percent from 2022, according to the Greater Houston Partnership. Read more.

Airline fuels up for new flights from Houston to oil-and-gas country

It's wheels up to Midland-Odessa in January. Photo courtesy of JSX

Hop-on jet service JSX is adding a new, year-round destination for the millions of Texans who work in oil and gas: Midland-Odessa.

Starting January 15, 2024, JSX will fly nonstop from Houston and Dallas to Odessa Airport-Schlemeyer Field (ODT). Read more.

The new joint venture, OneSubsea, is based in Oslo, Norway, and Houston. Photo courtesy

Houston company closes offshore JV deal to drive innovation, efficiency in subsea production

teaming up

A new joint venture with co-headquarters in Houston will explore opportunities in the market for subsea systems that tap into offshore energy reserves.

“As demand grows for cost-effective, efficient, and sustainable energy,” the joint venture says, “a large portion of the corresponding supply increase will come from offshore developments resulting in strong deepwater activity … and the need for innovative subsea solutions.”

OneSubsea is based in Oslo, Norway, and Houston.

As Aker explains, a subsea system “provides a way to produce hydrocarbons from areas not economically or easily developed by the use of an offshore platform.” The system’s ocean-floor components are connected to subsea pipelines, riser systems, and other equipment.

Hydrocarbons are the key components of oil and natural gas.

“The offshore market is demonstrating a sustained resurgence as operators across the world look to accelerate development cycle times and increase the productivity of their offshore assets,” says Olivier Le Peuch, CEO of SLB.

Mads Hjelmeland is the newly appointed CEO of OneSubsea, which employs about 11,000 people around the world.

“OneSubsea’s extensive technology portfolio and engineering expertise enable us to address future market trends and needs at a unique scale. In doing so, we aim to fulfil our purpose of expanding the frontiers of subsea to drive a sustainable energy future,” says Hjelmeland, who is based in Houston.

Hjelmeland’s tenure with the previous iteration of OneSubsea began in 2014. That’s a year after SLB and Cameron, a supplier of equipment, systems and services for the oil and gas industry, formed a joint venture known as OneSubsea to serve the subsea oil and gas market. SLB owned a 40 percent stake in OneSubsea, and Cameron owned a 60 percent stake.

To establish OneSubsea, Cameron contributed its subsea business, and SLB pitched in a $600 million payment to Cameron along with several business units.

In 2016, SLB acquired Cameron in a cash-and-stock deal initially valued at $14.8 billion. OneSubsea then became a subsidiary of SLB, and that subsidiary is now part of the newly reconfigured OneSubsea.

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$135 million Houston battery storage facility breaks ground

coming soon

SMT Energy and CenterPoint Energy have partnered with utility infrastructure solutions provider Irby Construction Company to break ground on a 160 megawatt battery energy storage system (BESS) located in the Houston zone of the ERCOT market.

“We are proud to be underway and deliver this grid-strengthening project to Houston,” Kevin Midei, SVP of engineering, procurement and construction, at SMT Energy, said in a news release.

The BESS, SMT Houston IV, is expected to support grid stability, deliver fast-response power during peak demands and provide resiliency and renewable integration. The project is expected to be online by 2026 and store and dispatch enough electricity to power 8,800 homes in Texas annually.

SMT Energy is the project owner and developer, and CenterPoint Energy will serve as the interconnecting utility, integrating the system into Houston’s broader electrical network,” according to the companies. Irby Construction will serve as the engineering, procurement, and construction (EPC) contractor, and construction of the project is expected to be completed by July. On May 14, the companies broke ground with a ribbon-cutting ceremony to symbolize the start of the build.

“Projects like this demonstrate how collaboration and forward-thinking infrastructure come together to power a more resilient energy future,” Tony Gardner, SVP and chief customer officer at CenterPoint, said in a news release. “At CenterPoint, we recently completed nearly 90 percent of our overall grid resiliency improvements. This is one more action we are taking to build a more resilient and reliable grid to better serve our customers.”

In March, Colorado-based SMT Energy secured $135 million in funding for the SMT Houston IV, led by Macquarie and KeyBanc Capital Markets as joint lead arrangers. In 2023, SMT Energy and joint venture partner SUSI Partners announced plans to add 10 battery storage projects to Texas, which would double capacity from 100 megawatts to 200 megawatts in the Houston and Dallas areas.

In 2019, Irby began construction on the Manatee BESS site with Florida Power and Light (FPL), which was the world’s largest BESS project at the time. Irby has built over 30 BESS sites and has more than 20 currently under construction or contract.

Daikin completes solar plant to power massive Houston-area campus

switched on

Japanese HVAC company Daikin Industries has completed a nearly one-megawatt solar power plant at its Daikin Comfort Technologies North America campus southeast of Waller.

Daikin says the new plant at its 4.2 million-square-foot Daikin Texas Technology Park will eliminate an estimated 845 metric tons of carbon emissions each year. The park houses the largest HVAC factory in North America.

“Daikin’s unwavering commitment to innovation drives us to continually perfect the air we share. With the launch of this solar project, we’re one step closer to being a net-zero CO2 emission factory by 2030,” Nathan Walker, senior vice president of environmental business development of locally based Daikin Comfort Technologies North America, said in a release. “This installation is a significant step in reducing our carbon footprint and underscores our commitment to energy efficiency, sustainability, and environmental stewardship.”

Solar power from the new facility will power the Daikin campus’ central chiller plant, which circulates about 125,000 gallons of chilled water annually and 75,000 gallons of hot water in the winter. Also, the solar setup is designed to connect to the electric grid that serves the campus. About 10,000 people work at the campus.

Daikin, a Fortune 1000 company, may not have been a familiar name to some Houstonians until January, when it took over the naming rights for the Houston Astros’ stadium. The naming rights agreement for Daikin Park, formerly Minute Maid Park, expires during the Astros’ 2039 season. The stadium had been named Minute Maid Park since 2002.

“The Astros are the pride of Houston, an organization that has built resiliency in hard times, and have succeeded to be a winning team. The coming together of both our organizations is a symbol of our love for our hometown and the communities of the Greater Houston area,” Takayuki “Taka” Inoue, executive vice president and chief sales and marketing officer at Daikin Comfort Technologies North America, said in November.

OTC names 4 Houston professionals as 2025 emerging leaders

young pros

Four Houston professionals have been named to the Offshore Technology Conference's 2025 Emerging Leaders class.

The group of 10 represents individuals with less than 10 years of experience who have "demonstrated exceptional talent, commitment, and promise as future leaders in the offshore energy sector," according to a release from OTC. They were recognized at the annual conference, which was held May 5-8 at NRG Center.

Each year, Emerging Leaders are selected by the previous year’s group and are members of an OTC sponsoring, endorsing or supporting organization. While a number hail from the Houston area, this year's group is comprised of energy professionals from all over the world.

“This year’s leaders have a clear passion for the industry, are eager to play a role in its future, and serve as inspiration to others through their exemplary commitment to excellence and pursuit of new horizons.” Alex Martinez, chair of the OTC Board, said in a news release.

The 2025 Houston-area Emerging Leaders include:

Ellen Reat Wersan, an exploration geoscientist at Chevron
Brooke Polk, vice president-accreditation operations at the International Association of Drilling Contractors
Zheng Fan, assistant professor in the mechanical engineering technology department at the University of Houston
Scott Pisarik, lead materials and corrosion engineer at Chevron

Other recipients included:

Yingda Lu, assistant professor in the petroleum and geosystems engineering department at The University of Texas at Austin
Olusola Komolafe, project engineer at Geosyntec Consultants Inc.
Gabriel Correa Perocco, project manager at MODEC do Brasil
Sridhar Krishnamoorthy, senior research fellow and PhD research scholar at the Indian Institute of Technology Madras Chennai India
Daniel Toerner, technical sales engineer at Bardex Corp.
Olawale Ajayi, reservoir engineer at NNPC Limited

OTC concluded last week and brought together energy professionals, policymakers and scholars from more than 100 countries while showcasing more than 1,000 companies. Sessions featured prominent energy execs, including Oxy president and CEO Vicki Hollub from Houston and Brazil-based Petrobras' president Magda Chambriard. According to OTC, the event has generated $1.6 billion in income for Houston’s economy since 2010.

"From the latest technology to generation-changing policy discussions, this year’s success reflects the industry’s commitment to shaping the future of energy, advancing innovations and fostering global collaboration," Martinez added in a statement.

OTC 2026 will take place May 4-7, 2026, at NRG Center in Houston.

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