TechnipFMC secured a major subsea contract from Eni for the Baleine Phase 3 project offshore Côte d'Ivoire, involving the design and manufacture of flexible flowlines and risers at depths of 1,200 meters. Additionally, the company was awarded multiple subsea tie-back contracts by Equinor in Norway. Meanwhile, EU antitrust regulators are launching a full-scale investigation into the merger between Saipem and Subsea 7 due to competition concerns within the subsea services sector.
EU regulators are set to open an in-depth investigation into the Saipem-Subsea 7 tie-up over concerns it could significantly reduce market competition.
Read the full storyTechnipFMC secured contracts to design and manufacture subsea production systems for Equinor's Omega Sør, Brime, and Tyrihans Nord projects.
TechnipFMC secured a significant subsea contract for Phase 3 of the Baleine field, involving deepwater infrastructure at 1,200 meters.