We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TechnipFMC (FTI) Clinches Coral South FLNG Project Contract
Read MoreHide Full Article
Energy services company, TechnipFMC plc (FTI - Free Report) , recently won an engineering, procurement, construction, installation, commissioning and start-up contract for Coral FLNG project offshore Mozambique. The contract was awarded by CORAL FLNG SA to TechnipFMC, along with JGC Corporation and Samsung Heavy Industries, who are partners in the TJS Consortium.
The TJS consortium, led by TechnipFMC, will cover the project’s associated risers and subsea flowline system, as well as the installation of the umbilical and subsea equipment. The floating liquefied natural gas (FLNG) facility will be designed to produce around 3.4 metric tonnes per annum of liquefied natural gas.
TechnipFMC is particularly well positioned in the subsea systems market. It is the company’s largest and fastest-growing business and contributes the maximum revenues. This FLNG award is a key achievement for TechnipFMC and will strengthen its position on the floating LNG market
Coral FLNG SA is special purpose entity incorporated in Mozambique, owner of the FLNG facility and jointly owned by Italian major Eni SpA (E - Free Report) , CNODC Mozambique B.V., ENH FLNG UM, SA, Galp Energia Rovuma B.V. and KG Mozambique Ltd. The Coral South FLNG project was sanctioned on Jun 1 by Eni.
Zacks Rank & Key Picks
London-based TechnipFMC is a leading manufacturer and supplier of technology solutions for the energy industry.
The company, which reached its current form following the Jan 2017 merger between Technip and FMC Technologies, is engaged in the designing, producing and servicing technologically sophisticated systems and products for subsea, onshore/offshore, and surface projects. The company, under the Zacks categorized Oil & Gas Field Services industry, currently carries a Zacks Rank #3 (Hold).
Canadian Natural Resources is expected to witness year-over-year growth of 47.41% and 702.38% in its revenues and earnings respectively in 2017.
Braskem reported positive average earnings surprise of 107.79% in the preceding four quarters.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
TechnipFMC (FTI) Clinches Coral South FLNG Project Contract
Energy services company, TechnipFMC plc (FTI - Free Report) , recently won an engineering, procurement, construction, installation, commissioning and start-up contract for Coral FLNG project offshore Mozambique. The contract was awarded by CORAL FLNG SA to TechnipFMC, along with JGC Corporation and Samsung Heavy Industries, who are partners in the TJS Consortium.
The TJS consortium, led by TechnipFMC, will cover the project’s associated risers and subsea flowline system, as well as the installation of the umbilical and subsea equipment. The floating liquefied natural gas (FLNG) facility will be designed to produce around 3.4 metric tonnes per annum of liquefied natural gas.
TechnipFMC is particularly well positioned in the subsea systems market. It is the company’s largest and fastest-growing business and contributes the maximum revenues. This FLNG award is a key achievement for TechnipFMC and will strengthen its position on the floating LNG market
Coral FLNG SA is special purpose entity incorporated in Mozambique, owner of the FLNG facility and jointly owned by Italian major Eni SpA (E - Free Report) , CNODC Mozambique B.V., ENH FLNG UM, SA, Galp Energia Rovuma B.V. and KG Mozambique Ltd. The Coral South FLNG project was sanctioned on Jun 1 by Eni.
Zacks Rank & Key Picks
London-based TechnipFMC is a leading manufacturer and supplier of technology solutions for the energy industry.
The company, which reached its current form following the Jan 2017 merger between Technip and FMC Technologies, is engaged in the designing, producing and servicing technologically sophisticated systems and products for subsea, onshore/offshore, and surface projects. The company, under the Zacks categorized Oil & Gas Field Services industry, currently carries a Zacks Rank #3 (Hold).
TechnipFMC plc. Price
TechnipFMC plc. Price | TechnipFMC plc. Quote
Some better-ranked players in the broader energy space include Canadian Natural Resources Limited (CNQ - Free Report) and Braskem S.A. (BAK - Free Report) . Both the companies sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Canadian Natural Resources is expected to witness year-over-year growth of 47.41% and 702.38% in its revenues and earnings respectively in 2017.
Braskem reported positive average earnings surprise of 107.79% in the preceding four quarters.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>