TechnipFMC (FTI) Lands Large iEPCI Contract in the Mediterranean

TechnipFMC plc (FTI) announced that it has been awarded a large integrated engineering, procurement, construction and installation (iEPCI) contract by Energean plc. The contract, valued between $500 million and $1 billion, has been included in the company's subsea inbound orders for the second quarter, as per a statement from TechnipFMC. SM Energy is an upstream energy firm operating in the prolific Midland Basin and the South Texas regions. For 2024, the company expects its production to increase from the ...