TechnipFMC Bags Significant Installation Contract From TotalEnergies For Girassol Life Extension Project; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
TechnipFMC has secured a significant installation contract from TotalEnergies for the Girassol Life Extension (GIR LIFEX) project. The terms of the contract were not disclosed. TechnipFMC was previously awarded the engineering, procurement, and supply of subsea flowlines and connectors for GIR LIFEX last year.
August 23, 2023 | 8:16 pm
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NEUTRAL IMPACT
TotalEnergies has awarded a significant contract to TechnipFMC for the GIR LIFEX project, indicating its continued investment in this project.
The contract award to TechnipFMC indicates TotalEnergies' continued investment in the GIR LIFEX project. However, without details on the contract terms, it's difficult to assess the immediate impact on TotalEnergies' stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 75
POSITIVE IMPACT
TechnipFMC has secured a significant contract from TotalEnergies, which could potentially boost its revenues and profitability.
The contract from TotalEnergies is significant for TechnipFMC. It could potentially increase the company's revenues and profitability, which could positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100