TechnipFMC Signs Memorandum of Understanding with BP for Subsea Production Systems
TechnipFMC (FTI) has entered into a memorandum of understanding with BP (BP) to provide high-pressure subsea production systems. The agreement is intended to support BP's upcoming offshore developments located in the U.S. Gulf. The announcement led to a 1.6% increase in TechnipFMC's share price during Wednesday's trading session. This partnership underscores continued investment in deepwater subsea infrastructure within the United States energy sector.
Topics: Memorandum of Understanding Oil & Gas Services Subsea Production Systems