Markets

TechnipFMC Signs MOU With BP Plc’s Subsidiary BP Exploration & Production For 20K Subsea Tree Systems For Paleogene Projects In Gulf Of America

Oct 20, 2026 · 04:21 PM ET· updated 44m ago

TechnipFMC (NYSE:FTI) today announced the signing of a Memorandum of Understanding (MoU) with BP Exploration & Production Inc., a subsidiary of BP p.l.c. (NYSE:BP), which sets out a framework for bp and TechnipFMC

Why It Matters

TechnipFMC and BP agreed to work together on big underwater oil equipment. When huge companies plan big projects together, it shows confidence in future business.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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