A lesson in significant and major.- TechnipFMC awarded significant contract by TotalEnergies EP Angola 06/16 FTI, TTE TechnipFMC (FTI) has been awarded a significant contract by TotalEnergies EP Angola (TTE) to supply subsea production systems for the CLOV3 development in Block 17, offshore Angola. It is the first contract under the companies' new framework agreement covering subsea trees for brownfield developments in Block 17 in Angola. The CLOV3 contract includes Subsea 2.0 trees and associated controls, umbilical termination assemblies, jumpers and services. Jonathan Landes, President, Subsea at TechnipFMC, commented: "We are proud to continue working with our valued partner TotalEnergies EP Angola, with the support of our large installed base. Our framework agreement and the CLOV3 contract are the result of several years of collaboration to standardize subsea production equipment and optimize subsea developments." For TechnipFMC, a "significant" contract is between $75M-$250M. TechnipFMC awarded iFEED contract by Equinor 07/05 FTI, EQNR TechnipFMC (FTI) announced it has signed a Letter of Intent with Equinor Energy do Brazil Ltda., a subsidiary of Equinor ASA (EQNR), for an integrated Front End Engineering and Design, or "iFEED," study on its BM-C-33 project offshore Brazil. The study will finalize the technical solution for the proposed gas and condensate greenfield development in the pre-salt Campos Basin before Equinor makes its final investment decision, or FID. The FEED study includes an option to proceed with a direct award to TechnipFMC for the integrated Engineering, Procurement, Construction and Installation, or "iEPCI," phase of the project. The "major" iEPCI contract would cover the entire subsea system, including Subsea 2.0 tree systems, manifolds, jumpers, rigid risers and flowlines, umbilicals, pipeline end terminations, and subsea distribution and topside control equipment. TechnipFMC would also be responsible for life-of-field services. For TechnipFMC, a "major" contract is over $1.0B, the company noted. Order inbound for the iEPCI phase of the project remains subject to FID and contract approval. Jonathan Landes, President, Subsea at TechnipFMC, commented: "We are excited about this iFEED award, which demonstrates our collaborative relationship with Equinor and their continued confidence in our technologies and integrated approach. This integrated project will be the first time Equinor uses our Subsea 2.0 configure-to-order production systems, of which we're seeing increased customer adoption." Show Related Items >> TechnipFMC price target lowered to $14 from $15 at Cowen 06/23 FTI Cowen analyst Marc Bianchi lowered the firm's price target on TechnipFMC to $14 from $15 and keeps an Outperform rating on the shares. The analyst believes the offshore/subsea market is gaining momentum, likely leading to a positive revision to 2025 financial targets, and he notes the shares trade at roughly half the valuation multiple of peers.//
We all know Delta is a $42 stock.- Delta Air Lines rises 6% as director buys more shares Jul. 18, 2022 1:34 PM ETDAL Delta Air Lines (DAL) +5.87% discloses that its Director David Taylor purchased 10,000 shares of common stock at $29.31 for $293K. David now owns 43,010 common shares.
Cathie Wood says sex with grey alien went well. In a surprising turn, Cathie Wood reveals her picks are being made by the King of an Alien race called Qweepods. And that in the next 10 years you are going to see more changes....
There are large deals and then there are large deals- Pentagon nearing F-35 jet deal worth $30B, Reuters reports 13:51 LMT The U.S. Department of Defense is nearing a handshake agreement with Lockheed Martin for around 375 F-35 fighter jets over three years amid expectations of a price increase for the most common version of the jet due to lower quantities and inflation, according to Reuters, citing three sources. Reference Link
86 degrees AT NIGHt in England.... Woa. >> Heatwave coming to NYC too... might be a good time to head to the beach. Sometimes you get a breeze there you don't get in the city... WD-40 upgraded to Buy at DA Davidson after spending time with management 13:57 WDFC
Russia keeps trying to move ammo forwards and Ukraine keeps getting fantastic intel as to where they are being staged. There goes another one!