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TechnipFMC Awarded Substantial Subsea Contract for the Coral North FLNG Development Offshore Mozambique

1. TechnipFMC awarded significant contract for FLNG project in Mozambique. 2. Partnership with Eni to enhance TechnipFMC's growth potential.

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$43.5212/18 04:34 PM EDTEvent Start
$44.7212/19 05:38 PM EDTLatest Updated
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FAQ

Why Bullish?

Winning substantial contracts, particularly in the growing FLNG sector, boosts TechnipFMC's revenue outlook. Historical trends show that similar contract awards often lead to positive stock price movements in energy-related companies.

How important is it?

The substantial contract signals strong demand in the FLNG market, which directly impacts TechnipFMC's future revenue, making this news critical for investors.

Why Long Term?

The impact from this contract will be felt over multiple quarters as execution progresses. Past contracts in the energy sector have shown sustained revenue contributions that positively influence stock performance over time.

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ENISLBBKR
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a substantial(1) Engineering, Procurement, Construction, and Installation contract by Eni S.p.A. for the Coral North development, the second floating liquefied natural gas (FLNG) project offshore Mozambique, in water depths of approximately 2,000 meters. Jonathan Landes, President, Subsea for TechnipFMC, commented: “We are excited to once again work with Eni and their consortium partners in Mozambique. We will leverag.

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