|Bid||27.80 x 1000|
|Ask||27.84 x 1900|
|Day's Range||26.41 - 28.30|
|52 Week Range||24.00 - 37.09|
|PE Ratio (TTM)||16.53|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Italy's Saipem is likely to get a sub-contractor role in a new project to produce liquefied natural gas (LNG) in the Arctic by Russia's Novatek, one of Novatek's partners said. Novatek, Russia's largest non-state LNG producer, is aiming to produce as much LNG as the world's biggest exporter Qatar and is drawing up plans to build a second plant, known as Arctic LNG 2, on the Gydan Peninsula that juts into the Kara Sea. Four sources told Reuters earlier this month that Saipem was expected to be chosen to build offshore platforms for the facility.
TechnipFMC's (FTI) robust backlog and uptick in rig count are likely to play a key role in second-quarter 2017 earnings.
Russian gas producer Novatek is expected to select Italy's Saipem to build offshore platforms for its second liquefied natural gas (LNG) facility in the Arctic, four sources said. Novatek is aiming to produce as much LNG as the world's biggest exporter Qatar and is drawing up plans to build a second plant, known as Arctic LNG 2, on the Gydan Peninsula that juts into the Kara Sea. "The contract is not signed yet, (but Saipem) are expected to become a subcontracting party for the Technip-Linde-NIPIGas consortium," one source close to the project said.