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TechnipFMC Bags Multimillion Deal and More

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Andreas Exarheas
·2 min read
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TechnipFMC Bags Multimillion Deal and More
TechnipFMC Bags Multimillion Deal and More

This article was first published on Rigzone here

Here are some of Rigzone's top upstream stories during the last week, just in case you missed them…

Exxon Contract Worth at Least $500MM to TechnipFMC

TechnipFMC has won a subsea contract from a unit of Exxon Mobil Corp. worth between $500 million and $1 billion. Under the terms of the deal, TechnipFMC will manufacture and deliver the subsea production system for the proposed Payara project in the Stabroek Block offshore Guyana.

Read full article here

Fitch Solutions Maintains Oil Price Forecast

Fitch Solutions has maintained its Brent oil price forecast to 2024, the company’s latest oil price outlook report has revealed. Analysts at the company expect Brent to average $44 per barrel this year.

Read full article here

Oxy Selling Onshore Colombia Assets for $825MM

Occidental Petroleum Corporation has signed an agreement to sell its onshore assets in Colombia to The Carlyle Group for a total consideration of approximately $825 million. The deal is expected to close in the fourth quarter of 2020.

Read full article here

Odfjell Drilling Wins Contract for 15 Wells

Equinor has awarded Odfjell Drilling a letter of intent for drilling and completing the Breidablikk project with the Deepsea Aberdeen semisubmersible rig. The contract is scheduled to start in the spring of 2022.

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Read full article here

Chevron Bypasses ExxonMobil in Market Value

Bloomberg reported that Chevron Corp. has overtaken Exxon Mobil Corp. as the largest oil company in America by market value. It’s the first time the Exxon has been dethroned since it began as Standard Oil more than a century ago, Bloomberg highlighted.

Read full article here

$505MM Deal to Boost Deepwater Profile for BHP

BHP will acquire an additional 28 percent working interest in the Shenzi field in the deepwater Gulf of Mexico from Hess Corp. The $505 million acquisition will raise BHP’s working interest in the development to 72 percent.

Read full article here

To contact the author, email andreas.exarheas@rigzone.com

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