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TechnipFMC Awarded Significant Flexible Pipe Contract by Ithaca Energy

1. TechnipFMC awarded significant contract for flexible risers in U.K. North Sea. 2. Contract enhances TechnipFMC's role in Captain field's oil recovery project.

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$45.3312/08 04:34 PM EDTEvent Start
$45.3312/08 10:45 PM EDTLatest Updated
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FAQ

Why Bullish?

Winning a significant contract boosts TechnipFMC's revenue potential, positively impacting stock performance. Previous contract awards have led to stock price increases in similar sectors.

How important is it?

The significant nature of the contract directly affects future revenues and market perception of TechnipFMC, generating investor interest.

Why Short Term?

Immediate revenue gains from the contract will reflect in upcoming quarterly results and stock performance, influencing investor sentiment positively.

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NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract by Ithaca Energy for flexible risers on the Captain development in the U.K. North Sea. TechnipFMC will design, manufacture, and install flexible risers, flowlines, and associated hardware. The Captain field has benefited from technology enhancements since first production in 1997, including the second phase of an enhanced oil recovery project supported by TechnipFMC in 2024. Jonathan Landes,.

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