Seatrium Surges 12% in Two Days Amid Second FPU Contract Signing with BP

Edge02-13

Seatrium has signed an MOU with bp for the construction of a second floating production unit to be deployed in the body water that was recently renamed by the US as the Gulf of America.

The Tiber FPU, says Seatrium on Feb 13, will be used by the oil major to support its deepwater assets in the body known for years as the Gulf of Mexico.

News of this MOU, announced before trading, spurred Seatrium shares to gain 14 cents, or 6.09% to $2.44 as at 9.47 am on Feb 13, extending a 6.48% gain the day earlier.

According to Seatrium, this FPU is located some 300 miles southwest of New Orleans in the Keathley Canyon area.

The value of this contract award is subject to the final investment decision by bp, anticipated later in 2025.

"This new agreement builds on Seatrium and bp’s partnership on the Kaskida FPU, which reached final investment decision in 2024," says Seatrium.

Seatrium announced it won the contract for the Kaskida FPU from bp on Dec 24 last year.

The Kaskida field is located about 250 miles southwest of New Orleans in the Keathley Canyon area.

Seatrium’s share price at 10 am, Feb 13th.

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Comments

stellarr
02-13
stellarr
And I sold yesterday wtfff
UTOtrader
02-13
UTOtrader
More buying

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bp for the construction of a second floating production unit to be deployed in the body water that was recently renamed by the US as the Gulf of America.The Tiber FPU, ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/contracts/seatrium-set-second-fpu-contract-bp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"5E2.SI":"海庭"},"source_url":"https://www.theedgesingapore.com/news/contracts/seatrium-set-second-fpu-contract-bp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161641479","content_text":"Seatrium has signed an MOU with bp for the construction of a second floating production unit to be deployed in the body water that was recently renamed by the US as the Gulf of America.The Tiber FPU, says Seatrium on Feb 13, will be used by the oil major to support its deepwater assets in the body known for years as the Gulf of Mexico.News of this MOU, 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support its deepwater assets in the body known for years as the Gulf of Mexico.</p><p style=\"text-align: start;\">News of this MOU, announced before trading, spurred Seatrium shares to gain 14 cents, or 6.09% to $2.44 as at 9.47 am on Feb 13, extending a 6.48% gain the day earlier.</p><p style=\"text-align: start;\">According to Seatrium, this FPU is located some 300 miles southwest of New Orleans in the Keathley Canyon area.</p><p style=\"text-align: start;\">The value of this contract award is subject to the final investment decision by bp, anticipated later in 2025.</p><p style=\"text-align: start;\">&#34;This new agreement builds on Seatrium and bp’s partnership on the Kaskida FPU, which reached final investment decision in 2024,&#34; says Seatrium.</p><p>Seatrium announced it won the contract for the Kaskida FPU from bp on Dec 24 last year.</p><p style=\"text-align: start;\">The Kaskida field is located about 250 miles southwest of New Orleans in the Keathley Canyon area.</p><p>Seatrium’s share price at 10 am, Feb 13th.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0c95ddded668c3ef2628a904dc373aa5\" tg-width=\"895\" tg-height=\"634\"/></p><p></p></body></html>","source":"lsy1655096814160","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Seatrium Surges 12% in Two Days Amid Second FPU Contract Signing with BP</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSeatrium Surges 12% in Two Days Amid Second FPU Contract Signing with BP\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-13 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/contracts/seatrium-set-second-fpu-contract-bp><strong>Edge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Seatrium has signed an MOU with bp for the construction of a second floating production unit to be deployed in the body water that was recently renamed by the US as the Gulf of America.The Tiber FPU, ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/contracts/seatrium-set-second-fpu-contract-bp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"5E2.SI":"海庭"},"source_url":"https://www.theedgesingapore.com/news/contracts/seatrium-set-second-fpu-contract-bp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161641479","content_text":"Seatrium has signed an MOU with bp for the construction of a second floating production unit to be deployed in the body water that was recently renamed by the US as the Gulf of America.The Tiber FPU, says Seatrium on Feb 13, will be used by the oil major to support its deepwater assets in the body known for years as the Gulf of Mexico.News of this MOU, announced before trading, spurred Seatrium shares to gain 14 cents, or 6.09% to $2.44 as at 9.47 am on Feb 13, extending a 6.48% gain the day earlier.According to Seatrium, this FPU is located some 300 miles southwest of New Orleans in the Keathley Canyon area.The value of this contract award is subject to the final investment decision by bp, anticipated later in 2025.\"This new agreement builds on Seatrium and bp’s partnership on the Kaskida FPU, which reached final investment decision in 2024,\" says Seatrium.Seatrium announced it won the contract for the Kaskida FPU from bp on Dec 24 last year.The Kaskida field is located about 250 miles southwest of New Orleans in the Keathley Canyon area.Seatrium’s share price at 10 am, Feb 13th.","news_type":1,"symbols_score_info":{"5E2.SI":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":10,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; 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