Key Developments: FMC Technologies Inc (FTI)
57.01USD
23 May 2013
$-0.45 (-0.78%)
$57.46
$56.79
$57.32
$56.12
1,296,958
1,773,555
$59.27
$36.89
Latest Key Developments (Source: Significant Developments)
FMC Technologies Inc Receives Subsea Equipment Contract For Shell's Stones Field
FMC Technologies Inc announced that it has received an order from Shell for the supply of subsea equipment to support the Stones field development. Stones is an ultra deepwater project located in the Walker Ridge area of the Gulf of Mexico, approximately 200 miles (322 kilometers) off the Louisiana coast in approximately 9,600 feet (2,926 meters) of water. FMC Technologies' scope of supply includes eight subsea trees, a subsea manifold, topside and subsea controls and associated equipment. Full Article
FMC Technologies Inc Receives $26 Million Subsea Equipment Order For Conocophillips Bayu Undan Phase 3 Project
FMC Technologies Inc announced that it has received an order from ConocoPhillips Australia Pty. Ltd. for the supply of subsea equipment for its Bayu Undan Phase 3 project. The order has an estimated value of $26 million. Full Article
FMC Technologies Inc Secures Subsea Services Contract Extension
FMC Technologies Inc announced that it has been awarded a two year extension to an existing contract by Island Offshore Management AS (Island Offshore) to provide Light Well Intervention (LWI) services. The LWI services will be performed from Island Offshore's Island Constructor vessel on wells operated by BP Exploration Operating Company Ltd (BP). LWI services enable cost effective intervention operations into existing subsea wells resulting in increased recovery from mature subsea fields. The services are scheduled to be performed in 2014 and 2015. Full Article
FMC Technologies Inc Reiterates FY 2013 EPS Guidance
FMC Technologies Inc announced that it reiterated its fiscal 2013 diluted earnings per share (EPS) guidance of $2.05 to $2.25 as Subsea Technologies operating profit will improve during the remainder of the year and Surface Technologies should begin to see improvement in the second half of 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.18 for fiscal 2013. Full Article
FMC Technologies Inc Announces Subsea Services Frame Agreement with Petrobras
FMC Technologies Inc announced that it has signed a four year frame agreement with Petrobras to provide subsea services for its fields offshore Brazil. Under the terms of the agreement, FMC Technologies will provide equipment commissioning and offshore technical services in addition to maintenance, modification, storage and logistics for Petrobras' subsea fields. Full Article
FMC Technologies Inc Receives $47 Million Subsea Equipment Order For Statoil's Tyrihans Field
FMC Technologies Inc announced that it has received an order from Statoil for additional subsea equipment for the Tyrihans field. The order has an estimated value of $47 million in revenue. The Tyrihans field is located in the Norwegian Sea in water depths of 984 feet (300 meters). This order covers the supply of subsea trees and choke modules and is scheduled for delivery in 2014. Full Article
FMC Technologies Inc Secures $130 Million Subsea Manifold Contract for Petrobras' Pre-Salt Fields
FMC Technologies Inc announced that it has received an order from Petrobras for the supply of the first subsea manifold systems for its pre-salt fields, located offshore Brazil. The value of the contract is approximately $130 million in revenue. This initial award includes three manifolds, tools, spare parts and system integration with subsea controls. The manifolds will be designed with retrievable injection modules to allow water alternated gas injection for up to four wells and will be installed in water depths up to 8,200 feet (2,500 meters). The equipment will be manufactured in Brazil and the development engineering and system integration testing will be conducted at FMC Technologies' Technology Center in Rio de Janeiro. Deliveries are scheduled to commence in 2015. Full Article
LiqTech International Inc And FMC Technologies Inc Enters Into Multi Year Agreement
LiqTech International Inc announced that it has entered into an agreement with a global oilfield equipment and services, FMC Technologies, Inc., for the use of disruptive silicon carbide membrane technology for oil/gas applications. The exclusive agreement will bring LiqTech International's silicon carbide membrane technology into the attractive unconventional shale oil/gas sector and will allow for the development of new water treatment systems. The agreement includes a multi-year, multi-million dollar commitment towards LiqTech technology in order for FMC Technologies to maintain exclusivity. Full Article
FMC Technologies Inc Receives $30 Million Subsea Equipment Order
FMC Technologies Inc announced that it has received a subsea equipment order from LLOG Exploration Company, LLC (LLOG Exploration) for the Who Dat field. The order has an estimated value of $30 million in revenue. The project is located in the Gulf of Mexico Mississippi Canyon Block 503 in water depths of approximately 3200 feet (975 meters). FMC Technologies' scope of supply includes subsea trees, a subsea manifold, multiphase meters and a subsea distribution system. The equipment is scheduled for delivery in 2013. Full Article
FMC Technologies Inc Announces Subsea Services Agreement With Tullow Ghana
FMC Technologies Inc announced that it has signed a five-year agreement with Tullow Ghana Ltd. to provide subsea services for its developments in the Jubilee field. Under the terms of the agreement, FMC Technologies will support Tullow Ghana's completions and production operations for the Jubilee field from its Subsea Service Base in Takoradi, Ghana. FMC Technologies will provide offshore and onshore technical services, including maintenance, refurbishment, and inspection on FMC Technologies supplied equipment and tooling. Full Article
Statoil says Aker Solutions, FMC deals worth up to NOK 14 bln
OSLO, Feb 27 - Norwegian oil and gas firm Statoil said on Wednesday its five-year framework agreements awarded to Norway's Aker Solutions and FMC Technologies were worth up to 14 billion Norwegian crowns ($2.45 billion).
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