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At the January 2022 OPEC+ meeting, participants reaffirmed their decision to continue to increase production by 0.4 million b/d monthly, with future adjustments possible depending on market conditions. Our forecast assumes that OPEC member countries will not fully increase production in accordance with their targets in...

TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract(1) for Equinor’s Smørbukk Nord development. The contract covers a high-pressure, high-temperature subsea production system and associated equipment for a brownfield tieback in the Åsgard field in the Norwegian Continental Shelf, where TechnipFMC has...

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