TechnipFMC Receives Notice to Proceed for Northern Endurance Partnership’s Carbon Capture and Storage 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) has been given full notice to proceed with the previously announced contract for the first all-electric integrated project by the Northern Endurance Partnership (NEP), a joint venture between bp, Equinor, and TotalEnergies. This notice follows NEP’s announcement of financial close and entry into the execution phase of the carbon dioxide (CO2) transportation and storage infrastructure in the United Kingdom’s East Coast Cluster.The contract covers the supply and installation of an all-electric subsea system, including trees, manifolds, umbilicals, and infield flowlines, which will be delivered using TechnipFMC’s integrated Engineering, Procurement, Construction, and Installation (iEPCI™) execution model. The Company’s all-electric technology enables the extended distances required for the project.Luana Duffé, Executive Vice President, New Energy at TechnipFMC, commented: “We are excited to see this development move forward
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- TechnipFMC plc (NYSE: FTI) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $39.00 price target on the stock.MarketBeat
- TechnipFMC plc (NYSE: FTI) had its price target raised by analysts at Barclays PLC from $37.00 to $42.00. They now have an "overweight" rating on the stock.MarketBeat
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- TechnipFMC Awarded Substantial Subsea Contract for Shell’s Bonga North Development in NigeriaBusiness Wire
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