TechnipFMC (NYSE: FTI), a global leader in oil and gas projects, has been awarded a significant contract, valued between $75 million and $250 million, by bp (LON: BP) for the Argos Southwest Extension project in the Mad Dog field. This major contract highlights the growing investment and technological advancements in deepwater oil exploration in the […]
TechnipFMC has clinched a contract valued between $75 million and $250 million from Woodside Energy pertaining to the Julimar Phase 3 development, situated offshore Western Australia. The agreement tasks the oil and gas services provider with the engineering, procurement, construction, and installation (EPCI) of flexible pipes and umbilicals for the Julimar Phase 3 project. The […]
TechnipFMC has won an integrated Engineering, Procurement, Construction and Installation (iEPCI) contract from Equinor for its Smørbukk Nord project in the Norwegian Sea. Under the terms of the contract, TechnipFMC will be responsible for delivering and installing a high-pressure, high-temperature subsea production system and associated equipment needed for the brownfield tieback of the Smørbukk Nord […]
TechnipFMC has wrapped up the previously announced deal to take full ownership of Magma Global, a UK-based provider of composite pipe technology for the energy industry. The oilfield service provider had originally purchased a stake in Magma Global in 2018 with an objective to combine its expertise in flexible pipe technology with Magma Global’s advanced […]
TechnipFMC has secured a subsea contract from Brazilian petroleum giant Petrobras pertaining to the Marlim and Voador fields, offshore Brazil. The actual value of the contract has not been revealed by TechnipFMC but is indicated to be in the range of $75 million and $250 million. As per the contract, UK-based subsea solutions provider will […]