TechnipFMC Awarded Large Subsea Contract for ExxonMobil Guyana’s Whiptail Project
TechnipFMC plc Ordinary Share (FTI)
Last technipfmc plc ordinary share earnings: 4/22 04:15 pm
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Source: Business Wire
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (the “Company”) has been awarded a large(1) contract in Guyana’s Stabroek Block by Exxon Mobil Corporation (NYSE: XOM) affiliate ExxonMobil Guyana Limited to supply subsea production systems for the Whiptail project.TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.Jonathan Landes, President, Subsea at TechnipFMC, commented: “ExxonMobil Guyana will utilize our Subsea 2.0® systems and manifolds, which help provide schedule certainty. We have already delivered more than 100 subsea trees for ExxonMobil Guyana – the location of one of the world’s fastest developing basins – and we look forward to deepening our relationship with them through Whiptail.”TechnipFMC currently employs nearly 140 Guyanese, and expects to continue to hire and train additional local staff in support of this
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News
- TechnipFMC plc (NYSE: FTI) had its price target raised by analysts at Barclays PLC from $33.00 to $34.00. They now have an "overweight" rating on the stock.MarketBeat
- TechnipFMC plc (NYSE: FTI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- TechnipFMC plc (NYSE: FTI) had its price target raised by analysts at TD Cowen from $30.00 to $32.00. They now have a "buy" rating on the stock.MarketBeat
- TechnipFMC plc (NYSE: FTI) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $30.00 price target on the stock.MarketBeat
- TechnipFMC plc (NYSE: FTI) had its price target raised by analysts at Susquehanna from $27.00 to $34.00. They now have a "positive" rating on the stock.MarketBeat
FTI
Earnings
- 4/25/24 - Beat
FTI
Sec Filings
- 4/29/24 - Form 8-K
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- FTI's page on the SEC website