It’s been a good year for energy stocks. The S&P 500’s XLE is up nearly 40% since the beginning of January — by far outperforming the broader market.
Washington’s ban on Russian oil imports has left a huge hole in the market, and Brazil is looking to ramp up its output in order to help ease the squeeze
NEWCASTLE & HOUSTON, December 09, 2021--Regulatory News: TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded three frame agreements by Petrobras (NYSE: PBR) that reaffirm the Company’s leadership position in Brazil’s flexible pipe market – the industry’s largest and most established market. Altogether, the frame agreements form a large(1) contract for TechnipFMC.