TechnipFMC Looks to Play Role in $93 Billion of Projects as it Faces Rough Oil & Gas Market

SUGAR LAND--February 19, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering and construction giant TechnipFMC plc (NYSE:FTI) (Houston, Texas) is bracing for a financial blow as it faces the same challenges bedeviling its clients in the Oil & Gas Production Industry. The company expects to see about $2.4 billion in asset impairment charges when it reports quarterly earnings, driven by growing uncertainty and weaker prices in the oil and gas markets. Industrial Info is tracking more than $93 billion in global projects involving TechnipFMC, including more than $24 billion worth in the U.S. and Canada.

Within this article: Details on some of the highest-valued projects featuring TechnipFMC, including those for energy firms such as BP plc (NYSE:BP), LLOG Exploration Company LLC, Southern California Telephone & Energy and Sasol Limited (NYSE:SSL).