TechnipFMC increases earnings as orders grow for oil and gas and LNG projects to. boost the backlog
TechnipFMC, the US oil and gas and LNG project services company, reported a 24 percent increase in second-quarter revenues as profits rose along with orders and the backlog.
TechnipFMC Guyana win
April 16 (LNGJ) - TechnipFMC, the US oil and gas services company, has been awarded a large contract by ExxonMobil Corp. to supply subsea production systems for the Whiptail project in the Stabroek Block of the South American nation of Guyana. TechnipFMC said it would 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.
“ExxonMobil Guyana will utilize our Subsea 2.0 systems and manifolds, which help provide schedule certainty,” said Jonathan Landes, President of Subsea at TechnipFMC. “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,” Landes added. TechnipFMC stated that it currently employs around 140 Guyanese and expects to continue to hire and train additional local staff in support of this contract.
