Honeywell, Weatherford partner on emissions management for energy industry

team work

Weatherford and Honeywell announced the partnership that will combine Honeywell's emissions management suite with Weatherford's technology. Photo via Getty Images

Two major corporations have teamed up to provide a comprehensive emissions management solution that should have an impact on the energy transition.

Houston-based Weatherford and North Carolina-based Honeywell, which has a significant presence in Houston, announced the partnership that will combine Honeywell's emissions management suite with Weatherford's Cygnet SCADA platform.

Customers will be able to use the new tool "to monitor, report, and take measures to help reduce greenhouse gas emissions, flammable hydrocarbons, and other potentially dangerous and toxic gases," per a news release.

"Through this collaboration with Honeywell, we have built an alliance that further bridges the gap between technological excellence and environmental stewardship," Girish Saligram, president and CEO of Weatherford, says in the release. "Together, our transformative offering provides cutting-edge tools and actionable data to help customers reach their sustainability goals with confidence and efficiency."

The combined platform will provide upstream oil and gas operators a way to access emissions data in near real-time to better make business decisions on potential issues and meeting regulatory requirements. Additionally, the software should equip users with ways to improve efforts to reach environmental goals.

Honeywell's partnership with Weatherford highlights the importance of empowering organizations with solutions that can help quantify and reduce emissions within the energy industry," Pramesh Maheshwari, president of Honeywell Process Solutions, adds. "By integrating our emissions management solution with Weatherford's well lifecycle technology, our customers can now accurately set targets and monitor near real-time progress on their path to net-zero."

Last fall, a Houston-based unit of industrial conglomerate Honeywell unveiled a gas meter capable of measuring both hydrogen and natural gas. Honeywell’s European launch follows a Dutch test of the EI5 smart gas meter, which the company touts as the world’s first commercially available hydrogen-ready gas meter.

Houston-based oil and gas engineering and construction services provider McDermott is making some major software changes to better operate in the ongoing energy transition. Image via mcdermott-investors.com

Houston company upgrades digital solutions with new partnerships to better address energy transition

software secured

A Houston engineering and construction solutions company serving the energy industry has announced an agreement that will introduce new software to the company's energy transition plans.

McDermott announced today that it has signed a lighthouse agreement with United Kingdom-based industrial software company AVEVA and Massachusetts-based product lifecycle management platform provider Aras. With the new software, McDermott plans "to develop its asset lifecycle management capability across the energy transition, oil and gas, and nuclear sectors," per the news release.

"McDermott is uniquely positioned to combine its extensive expertise in digital twin and industry-leading engineering procurement and construction (EPC) experience," Vaseem Khan, McDermott's senior vice president of Global Operations, says in the release. "The agreement represents our shared vision and commitment to data-centric digital deliverables management and creates an opportunity for robust digital transformation of industry processes."

The new technology should help reduce both cost and risk by improving decision-making, achieving better compliance and traceability, and enhancing performance.

"McDermott's engineering expertise forms an essential input in pioneering an industry solution that is urgently needed to improve outcomes in the energy, nuclear, marine, and other sectors," Rob McGreevy, chief product officer at AVEVA. "Together, we will provide competitive advantages for customers who join the lighthouse program."

The deal includes integrating Aras' Innovator platform with AVEVA Unified Engineering, AVEVA Asset Information Management, and other AVEVA tools and services to create, and McDermott will provide feedback and testing for its new software platforms.

"AVEVA's robust industry asset lifecycle management solutions, built on the Aras platform, will enable McDermott to leverage a fully connected digital thread of the asset's engineering and operations information," Roque Martin, CEO of Aras, says in the release. "We will create useful, usable, and powerful software for our joint customer base."

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Investment bank opens energy-focused office in Houston

new to hou

Investment bank Cohen & Co. Capital Markets has opened a Houston office to serve as the hub of its energy advisory business and has tapped investment banking veteran Rahul Jasuja as the office’s leader.

Jasuja joined Cohen & Co. Capital Markets, a subsidiary of financial services company Cohen & Co., as managing director, and head of energy and energy transition investment banking. Cohen’s capital markets arm closed $44 billion worth of deals last year.

Jasuja previously worked at energy-focused Houston investment bank Mast Capital Advisors, where he was managing director of investment banking. Before Mast Capital, Jasuja was director of energy investment banking in the Houston office of Wells Fargo Securities.

“Meeting rising [energy] demand will require disciplined capital allocation across traditional energy, sustainable fuels, and firm, dispatchable solutions such as nuclear and geothermal,” Jasuja said in a news release. “Houston remains the center of gravity where capital, operating expertise, and execution come together to make that transition investable.”

The Houston office will focus on four energy verticals:

Energy systems such as nuclear and geothermal
Energy supply chains
Energy-transition fuel and technology
Traditional energy

“We are making a committed investment in Houston because we believe the infrastructure powering AI, defense, and energy transition — from nuclear to rare-earth technology — represents the next secular cycle of value creation,” Jerry Serowik, head of Cohen & Co. Capital Markets, added in the release.

Houston cleantech startup Helix Earth lands $1.2M NSF grant

federal funding

Renewable equipment manufacturer Helix Earth Technologies is one of three Houston-based companies to secure federal funding through the Small Business Innovation Research (SBIR) Phase II grant program in recent months.

The company—which was founded based on NASA technology, spun out of Rice University and has been incubated at Greentown Labs—has received approximately $1.2 million from the National Science Foundation to develop its high-efficiency retrofit dehumidification systems that aim to reduce the energy consumption of commercial AC units. The company reports that its technology has the potential to cut AC energy use by up to 50 percent.

"This award validates our vision and propels our impact forward with valuable research funding and the prestige of the NSF stamp of approval," Rawand Rasheed, Helix CEO and founder, shared in a LinkedIn post. "This award is a reflection our exceptional team's grit, expertise, and collaborative spirit ... This is just the beginning as we continue pushing for a sustainable future."

Two other Houston-area companies also landed $1.2 million in NSF SBIR Phase II funding during the same period:

Resilitix Intelligence, a disaster AI startup that was founded shortly after Hurricane Harvey, that works to "reduce the human and economic toll of disasters" by providing local and state organizations and emergency response teams with near-real-time, AI-driven insights to improve response speed, save lives and accelerate recovery
Conroe-based Fluxworks Inc., founded in 2021 at Texas A&M, which provides magnetic gear technology for the space industry that has the potential to significantly enhance in-space manufacturing and unlock new capabilities for industries by allowing advanced research and manufacturing in microgravity

The three grants officially rolled out in early September 2025 and are expected to run through August 2027, according to the NSF. The SBIR Phase II grants support in-depth research and development of ideas that showed potential for commercialization after receiving Phase I grants from government agencies.

However, congressional authority for the program, often called "America's seed fund," expired on September 30, 2025, and has stalled since the recent government shutdown. Government agencies cannot issue new grants until Congress agrees on a path forward. According to SBIR.gov, "if no further action is taken by Congress, federal agencies may not be able to award funding under SBIR/STTR programs and SBIR/STTR solicitations may be delayed, cancelled, or rescinded."

Mars Materials makes breakthrough in clean carbon fiber production

Future of Fiber

Houston-based Mars Materials has made a breakthrough in turning stored carbon dioxide into everyday products.

In partnership with the Textile Innovation Engine of North Carolina and North Carolina State University, Mars Materials turned its CO2-derived product into a high-quality raw material for producing carbon fiber, according to a news release. According to the company, the product works "exactly like" the traditional chemical used to create carbon fiber that is derived from oil and coal.

Testing showed the end product met the high standards required for high-performance carbon fiber. Carbon fiber finds its way into aircraft, missile components, drones, racecars, golf clubs, snowboards, bridges, X-ray equipment, prosthetics, wind turbine blades and more.

The successful test “keeps a promise we made to our investors and the industry,” Aaron Fitzgerald, co-founder and CEO of Mars Materials, said in the release. “We proved we can make carbon fiber from the air without losing any quality.”

“Just as we did with our water-soluble polymers, getting it right on the first try allows us to move faster,” Fitzgerald adds. “We can now focus on scaling up production to accelerate bringing manufacturing of this critical material back to the U.S.”

Mars Materials, founded in 2019, converts captured carbon into resources, such as carbon fiber and wastewater treatment chemicals. Investors include Untapped Capital, Prithvi Ventures, Climate Capital Collective, Overlap Holdings, BlackTech Capital, Jonathan Azoff, Nate Salpeter and Brian Andrés Helmick.

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