TechnipFMC wins 'significant' subsea contract from Petrobras (FTI:NYSE)

Core Insights - TechnipFMC has been awarded a significant subsea production systems contract by Petrobras for offshore work in Brazil, with the contract value estimated between $75 million and $250 million [5]. Company Summary - The contract involves design and engineering work for subsea production systems, indicating TechnipFMC's ongoing engagement in the offshore oil and gas sector [5].