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TechnipFMC bags new contract with Equinor for subsea work offshore Norway

TechnipFMC (NYSE: FTI) has been awarded a significant engineering, procurement, construction, and installation (EPCI) contract by Equinor for subsea tiebacks for the Halten East development on the Norwegian Continental Shelf. For TechnipFMC, a “significant” contract is between $75million and $250million. The contract...

TechnipFMC developing pool of local companies to work by its side in Guyana

A major ExxonMobil contractor, TechnipFMC, is gradually building a pool of local companies that can support its work in Guyana, said Area Director for Guyana, Suriname and Trinidad, Nicolas Sicard. “Nowadays, we have a pool of nearly 70 Guyanese-owned companies...

TechnipFMC bags new contract for Exxon’s US$10B Yellowtail project

French American conglomerate, TechnipFMC has been awarded a fresh contract by ExxonMobil Guyana for its fourth development in the Stabroek Block – Yellowtail. The contract, worth between US$75 million and US$250 million, according to TechnipFMC, covers the supply of six flexible risers qualified to withstand...

Guyana, Brazil & West Africa pushing billion-dollar subsea opportunities for TechnipFMC

With a robust market outlook for the remainder of 2022, TechnipFMC’s subsea opportunities are being led by Guyana, Brazil, and West Africa with massive oil and gas projects set to bring in almost US$20 billion. TechnipFMC’s Chairman and Chief Executive...

TechnipFMC moves all subsea assembly from Trinidad to Guyana with new Houston Base

From wellheads to pipelines, TechnipFMC is one of the leading technology providers in the traditional and new energies industry, delivering fully integrated products and services. TechnipFMC established a presence in Guyana back in 2016 and six years later, on Tuesday,...

TechnipFMC wins contract to supply subsea system for Guyana’s US$9 billion Yellowtail Project

French-American conglomerate, TechnipFMC has been awarded a large contract by ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL), to supply the subsea production system for the Stabroek block's US$9 billion Yellowtail Development Project. For TechnipFMC, a “large” contract is between...

Guyana & Brazil make South America TechnipFMC’s most important subsea market – CEO

Chairman and Chief Executive Officer (CEO) of TechnipFMC, Doug Pferdehirt, has deemed South America to be by far, the most important market for its subsea business this decade. During his company’s 2021 third quarter earnings call, the Chairman said Brazil...

TechnipFMC bags substantial contract for Brazil’s Petrobras

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a substantial long-term charter and services contract by Petrobras (NYSE: PBR) for the pipelay support vessel Coral do Atlântico. The Brazilian-registered vessel has been secured on a three-year contract, with an option to...

TechnipFMC says Brazil contracts ‘significant’

TechnipFMC and its joint venture (JV) partner DOF Subsea have been awarded significant long-term charter and services contracts by Petrobras for the pipelay support vessels Skandi Vitória and Skandi Niteroi. The Brazilian-built and flagged vessels are owned by DOFCON Navegação...

TechnipFMC targeting seabed minerals in energy transition push

TechnipFMC is joining forces with Loke Marine Minerals (Loke) to develop enabling technologies for the extraction of seabed minerals, driving the energy transition and a sustainable future. Marine minerals have been identified by the World Bank, World Economic Forum, and...

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Welligence says Chevron must tread carefully operating in Guyana because of border controversy 

Following the closure of the Chevron-Hess merger, market intelligence firm Welligence is advising that Chevron, now holding a 30%...