FMC Technologies (NYSE: FTI) Scores Contract with Pemex

Brian Hicks

Written By Brian Hicks

Posted January 24, 2014

Texas-based oilfield technology and services company FMC Technologies announced on Friday that it has won a three-year, $64 million contract to supply wellheads, support and maintenance for Pemex Exploration and Production operations in the Gulf of Mexico. The company has been dealing with Mexico’s state-run oil company for nearly a decade, and this is the most valuable contract the company has signed so far.

The End of OPEC

Saudi Arabia is massively rich, but it’s also massively unsustainable. A whopping 92 percent of its budget comes from oil exports, and a long-term decline in the cost of oil would be absolutely devastating. What could cause a long-term decline? The United States.

Angel Publishing Investor Club Discord - Chat Now

Brian Hicks Premium


Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.