FMC Technologies Receives Major Order
As part of a continued relationship, FMC Technologies Inc. (NYSE:FTI) has announced a large equipment order from Tullow Ghana Limited today. FMC will provide Tullow with subsea systems for an offshore development program in Ghana at a sale price of approximately $340 million. FMC provides manifolds, tooling, and subsea control systems. The company is a leading provider in technology solutions for the energy industry.
Shale Boom Winners
The Eagle Ford, Bakken, and Permian Basin are responsible for nearly every every drop of oil that has been added to U.S. oil production since 2008. Of fifty American states, just two are leading this trend. North Dakota and Texas are taking all the credit for the oil boom and are experiencing economic prosperity as a result. If you look a little deeper, you’ll find that this growth is concentrated in small towns and small companies. With Texas now expected to produce more than 3 million barrels per day, we’re still in the early stages of the Permian Basin oil revival.