Key Takeaways SLB secured a contract with Petrobras for oilfield services in up to 35 Santos Basin wells.The project uses SLB's digital and electric completions tech for real-time production insights.Well completion work is set to begin in mid-2026, supported by SLB's advanced ICV technology.SLB (SLB) , a leading global oilfield services company, has secured a contract from the Brazilian state-owned energy company, Petrobras S.A. (PBR) . The contract involves providing oilfield services and technology for u ...

Core Insights - TechnipFMC plc (FTI) has secured a significant subsea contract from ExxonMobil Guyana for the Hammerhead development, valued between $250 million and $500 million, following Exxon's final investment decision for the project aimed at increasing oil production in Guyana [1][7] Contract Scope - The contract encompasses management, engineering, and manufacturing of subsea production systems, including production and water injection capabilities, utilizing TechnipFMC's Subsea 2.0 platform components [2] Subsea Technology Unit Performance - TechnipFMC's Subsea unit is a key growth driver, achieving a record $2.6 billion in orders in Q2 2025, with a backlog of $15.8 billion, reflecting growth in six of the past seven quarters and a margin increase of 450 basis points to 21.8% [3] Strategic Collaboration - This contract represents TechnipFMC's seventh greenfield project with ExxonMobil Guyana since 2017, enhancing its portfolio and strategic relationship with Exxon, and paving the way for future opportunities in the Stabroek Block [4][7] Stabroek Block Significance - The Stabroek Block is a highly productive oil region, with ExxonMobil Guyana as the largest stakeholder (45% interest), alongside partners Chevron (30%) and CNOOC (25%), following Hess Corporation's acquisition by Chevron [6]

TechnipFMC (NYSE:FTI) said late Tuesday it was awarded a "significant" subsea production systems contract with Petrobras (PBR) for work offshore Brazil; the company considers a "significant" contract in the $75 million-to-$250 million range. TechnipFMC (NYSE:FTI) said it will design, engineer ...

Key Takeaways TechnipFMC won a $75M-$250M Petrobras contract for subsea production systems.The deal spans design, engineering, manufacturing and life-of-field services.Systems will be built and serviced in Brazil, boosting local expertise and support.TechnipFMC plc (FTI) , a global leader in subsea technology and services, has secured a substantial contract from Brazil’s integrated oil and gas company Petrobras (PBR) , valued between $75 million and $250 million, following a rigorous competitive tendering p ...

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract, following a competitive tendering process, for subsea production systems by Petrobras. TechnipFMC will design, engineer, and manufacture subsea production systems to be deployed in an array of greenfield developments, brownfield expansions, and asset revitalizations across Petrobras' extensive portfolio. The contract also covers installation support and life-of-field services, with provision. ...

Group 1: Contract Award and Value - TechnipFMC plc has been awarded a significant contract by Equinor for the Johan Sverdrup Phase 3 development, valued between $500 million and $1 billion, highlighting its capability in subsea solutions [1] - This contract represents a key moment in the evolution of one of the largest oil and gas projects in the Norwegian North Sea [1] Group 2: Importance of Johan Sverdrup Field - The Johan Sverdrup field has been a cornerstone of energy production since operations began in 2019 and is one of the most significant oil discoveries in the region [2] - The field is expected to see an increase in production capacity by adding new wells, aligning with sustainable energy goals while providing substantial economic benefits [3] Group 3: TechnipFMC's Role and Execution Model - TechnipFMC has been a trusted partner in the Johan Sverdrup project, having delivered subsea production systems for previous phases, marking a significant milestone in its partnership with Equinor [4] - The iEPCI integrated execution model developed by TechnipFMC streamlines project execution, reducing complexity and improving efficiency, making it the preferred model for large-scale offshore developments [5] Group 4: Scope of the Contract - Under the contract, TechnipFMC will design, manufacture, and install various subsea production systems and equipment, essential for integrating new templates into the existing Johan Sverdrup field center [6] - The integration of new production units will allow Equinor to expand production capacity and optimize field recovery, crucial for meeting rising global energy demands [7] Group 5: Impact on Norwegian Energy Landscape - The Johan Sverdrup Phase 3 development is expected to significantly contribute to Norway's energy strategy and its position as a leading oil and gas producer in Europe [8] - The use of low-emission energy sources will help reduce the carbon footprint of the project, aligning with global sustainability efforts in the oil and gas industry [9] Group 6: Conclusion on TechnipFMC's Leadership - The award of the iEPCI contract further solidifies TechnipFMC's position as a leader in subsea systems and integrated offshore solutions, with a commitment to high-quality project delivery [10] - The completion of this phase will validate TechnipFMC's ability to execute complex, large-scale offshore projects efficiently, promising a bright future for the Johan Sverdrup development [11]