The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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.