09:13 AM EDT, 03/15/2024 (MT Newswires) -- TechnipFMC ( FTI ) said Friday it has been chosen by the Northern Endurance Partnership to deliver its first all-electric integrated project.

The partnership, which is a joint venture among oil and gas companies BP (BP) and TotalEnergies (TTE) and petroleum refiner Equinor ( EQNR ) , plans to build carbon dioxide transportation and storage infrastructure for carbon capture projects in the UK.

TechnipFMC ( FTI ) said it will collect and feed the pressurized gas into an aquifer for permanent storage, and that the contract covers the supply and installation of an all-electric subsea system, including manifolds, umbilicals and pipe.

Financial terms were not disclosed.

Price: 24.2, Change: +0.16, Percent Change: +0.67