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TechnipFMC wins ‘substantial’ subsea contract from Exxon for Guyana’s Hammerhead project

Jackup Offshore Oil Rig

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TechnipFMC (NYSE:FTI) +1.6% post-market Thursday after saying it was awarded a “substantial” contract by Exxon Mobil (XOM) to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek Block; the company considers a “substantial” contract in the $250

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