Tuesday, March 4, 2025

TechnipFMC To Pay $296 Million To Resolve Foreign Bribery Probes In U.S. and Brazil 

From RTTNews  TechnipFMC (FTI) agreed to pay a total of $296 million to resolve allegations the company bribed Brazilian and Iraqi officials, the U.S Justice Department said.  Technip USA and Technip’s former consultant pleaded guilty today in connection with the resolution, the Justice Department said.  Of the total fine amount, Technip will pay $214 million to Brazilian authorities, which brought

Mexican President AMLO Contradicts Report to Opposite, Says Pemex Oil Production is Stable, Not Falling 

From Reuters  MEXICO CITY — Mexican President Andres Manuel Lopez Obrador said on Tuesday that production at state oil company Pemex has stabilized, despite a report showing that output fell in May from April.  Pemex, which has long struggled to reverse declining production, reported on Monday that its crude output dipped 0.7% in May.  “I have different information,” Lopez Obrador said

Denmark’s Ørsted Wins Biggest Offshore Wind Contract in U.S. History 

From Workboat By Kirk Moore   Offshore wind energy developer  Ørsted was awarded a 1,100-megawatt commitment from the state of New Jersey Friday for its Ocean Wind project off Atlantic City, the single largest award to date for the budding U.S. industry.  “After so many years New Jersey is finally open for business as far as offshore wind is concerned,” said Joseph Fiordaliso, president of the