TechnipFMC posts loss before company split as LNG contract awards amount to $8 billion

Thursday, 27 February 2020

TechnipFMC, the LNG and energy engineering company planning to soon separate into two companies, posted a fourth-quarter net loss of $2.41 billion because of charges, though LNG project contract awards in 2019 soared to $8 billion and more are expected even amid the current weak commodity prices.

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