The U.S. Court of Appeals for the 5th Circuit decided to stay the September ruling pending an appeal, with oral arguments scheduled for November 13 in New Orleans, as stated in a court document.
This contract represents TechnipFMC's most substantial flexible pipe award in the Gulf of Mexico to date, further solidifying the strong and enduring partnership between the two entities built on years of successful project execution and delivery.
Baker Hughes' data reveals a year-on-year decline of 178 rigs in North America, with the U.S. accounting for the majority of the decrease, shedding 143 rigs, while Canada saw a drop of 35 rigs during the same period.
The oil and gas industry in the United States is calling on the Biden administration to finalize a new five-year offshore leasing program to strengthen U.S. energy security.
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