TechnipFMC to Supply a Subsea System in Shell's Bonga North Project

Zacks2024-12-23

TechnipFMC plc FTI has been awarded a substantial contract by London-based oil major Shell plc’s SHEL subsidiary, Shell Nigeria Exploration and Production Company (“SNEPCo”), to provide technological ...

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FTI’s scope of work under this project is valued between $250 million and $500 million, highlighting its commitment to delivering technologically reliable and innovative subsea solutions. The company’s scope of work includes the design and manufacture of subsea tree systems, manifolds, jumpers, controls and services, and it will provide its best subsea expertise to ensure operational excellence.Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","SHEL":"SHELL PLC SPON ADS EACH REPR 2 ORD SHS","BK4585":"ETF&股票定投概念","AETUF":"Arc Resources Ltd.","GPOR":"格尔夫波特能源","BK4179":"石油天然气设备与服务","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","BK4201":"综合性石油与天然气企业","BK4213":"石油与天然气的勘探与生产","BK4588":"碎股","FTI":"德希尼布FMC","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC"},"translate_title":"TechnipFMC将为壳牌Bonga North项目提供海底系统","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHEL":1,"GPOR":1,"AETUF":1,"FTI":0.9},"content_text":"TechnipFMC plc FTI has been awarded a substantial contract by London-based oil major Shell plc’s SHEL subsidiary, Shell Nigeria Exploration and Production Company (“SNEPCo”), to provide technological support in the subsea production for the development of the Bonga North project in Nigeria.\nFTI’s contract with SNEPCo validates its position as a leading provider of technological and innovative solutions in the energy industry.\nFTI’s Transformative Technology to Enhance Efficiency\nFTI’s scope of work under this project is valued between $250 million and $500 million, highlighting its commitment to delivering technologically reliable and innovative subsea solutions. The company’s scope of work includes the design and manufacture of subsea tree systems, manifolds, jumpers, controls and services, and it will provide its best subsea expertise to ensure operational excellence.\nFTI and SHEL’s Future Together\nThe Bonga North project has an estimated recoverable resource volume of more than 300 million barrels of oil equivalent. The project will also sustain the oil and gas production at the Nigerian facility and targets to achieve 110,000 barrels per day, with the first oil expected to be delivered by the end of the decade. The Shell-operated Bonga Floating Production Storage and Offloading (FPSO) vessel plays a crucial role in sustaining the operations at the Bonga North field in Nigeria, highlighting the importance of collaboration with a leading technology-providing company like FTI.\nShell was the first company to adopt FTI’s subsea configuration solution and deploy it across multiple basins, strengthening FTI’s position to keep providing deepwater solutions in the region.\nFTI’s Zacks Rank and Key Picks\nLondon-based TechnipFMC plc is a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. Currently, FTI has a Zacks Rank #2 (Buy).\nInvestors interested in the energy sector might look at some better-ranked stocks like Gulfport Energy Corporation GPOR and ARC Resources Ltd. AETUF. While Gulfport Energy currently sports a Zacks Rank #1 (Strong Buy), ARC Resources carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe U.S.-based Gulfport Energy Corporation is an independent natural gas and oil company focused on the exploration and development of natural gas and oil properties. The Zacks Consensus Estimate for GPOR’s 2024 earnings indicates 108.09% year-over-year growth.\nCanada-based ARC Resources is engaged in the exploration, acquisition and development of oil and natural gas properties. AETUF’s expected EPS (earnings per share) growth rate for next year is 51.59%, which aligns favorably with the industry growth rate of 11.70%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nTechnipFMC plc (FTI) : Free Stock Analysis Report\nGulfport Energy Corporation (GPOR) : Free Stock Analysis Report\nArc Resources Ltd. (AETUF) : Free Stock Analysis Report\nShell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493761207"}