QinetiQ Group plc (QQ.L) said its OptaSense distributed acoustic sensing business has reached follow-on contracts with Shell which set a clear roadmap for the provision of services over the next 3 years. The new contracts include customer-funded product development, worth 10 million pounds, which would focus on new tools for flow monitoring, and enhancements to proven tools for hydraulic fracture monitoring and vertical seismic profiling.
Also, it includes the addition of VSP to the global commercial framework agreement, which gives any Shell business global access to OptaSense services; as well as access for other companies across the oil and gas industry to OptaSense services that were previously exclusive to Shell.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.