FMC Technologies Inc. (FTI) announced it has signed an agreement with Statoil (STO) for the supply of additional subsea equipment for the Snorre field. The order has an estimated value of $33 million in revenue.
FMC will provide 10 production risers and tieback connectors. The equipment is scheduled for delivery in 2015.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.