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	<title>Stock Blog Hub &#187; FMC Technologies</title>
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		<title>(RIG) Oil &amp; Gas Industry Stock Review &#8211; July 2010 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2010/07/23/eia-oil-gas-industry-stock-review-july-2010-industry-outlook/44363</link>
		<comments>http://www.stockbloghub.com/2010/07/23/eia-oil-gas-industry-stock-review-july-2010-industry-outlook/44363#comments</comments>
		<pubDate>Fri, 23 Jul 2010 15:15:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Debt]]></category>
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		<category><![CDATA[Core Laboratories NV]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
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		<category><![CDATA[Noble Corporation]]></category>
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		<category><![CDATA[Tesoro Corporation]]></category>
		<category><![CDATA[Transocean Limited]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=44363</guid>
		<description><![CDATA[OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $85 per barrel level in late April/early May 2010. However, in recent days, concerns about the European debt crisis and China’s growth outlook have renewed apprehensions about the global growth and energy demand. As a result, oil prices have slumped to around $76 per barrel. Additionally, high levels of product inventories (gasoline and distillate stocks remain above the upper boundary of the average range for this time of year), along with soaring commercial oil supplies, has further dragged down crude prices, in our view. But far too many factors weigh on oil prices &#8212; from OPEC decisions and ]]></description>
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		</item>
		<item>
		<title>(EIA) Oil &amp; Gas May 2010 Industry Outlook</title>
		<link>http://www.stockbloghub.com/2010/05/17/eia-oil-gas-may-2010-industry-outlook/37480</link>
		<comments>http://www.stockbloghub.com/2010/05/17/eia-oil-gas-may-2010-industry-outlook/37480#comments</comments>
		<pubDate>Tue, 18 May 2010 00:27:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Debt]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>
		<category><![CDATA[CLB]]></category>
		<category><![CDATA[Core Laboratories NV]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
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		<category><![CDATA[RIG]]></category>
		<category><![CDATA[SU]]></category>
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		<category><![CDATA[Suncor Energy Inc]]></category>
		<category><![CDATA[Sunoco Inc.]]></category>
		<category><![CDATA[Tesoro Corporation]]></category>
		<category><![CDATA[Transocean Limited]]></category>
		<category><![CDATA[TSO]]></category>
		<category><![CDATA[Valero Energy Corporation]]></category>
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		<category><![CDATA[Western Refining Inc.]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=37480</guid>
		<description><![CDATA[OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, has been the main driver of the oil rally that saw the commodity breaching the $85 per barrel level earlier this month. However, in recent days, concerns about the European debt crisis and China’s growth outlook have renewed apprehensions about the global growth and energy demand. As a result, oil prices have slumped to a 3-month low. Additionally, high levels of product inventories (gasoline and distillate stocks remain above the upper boundary of the average range for this time of year), along with soaring commercial oil supplies, has further dragged down crude prices, in our view. But way too many factors weigh on oil prices &#8212; from OPEC decisions and geostrategic tensions to the ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FTI) FMC Technologies&#8217; Earnings Report Tops Expectations</title>
		<link>http://www.stockbloghub.com/2010/04/29/fti-fmc-technologies-earnings-report-tops-expectations/35657</link>
		<comments>http://www.stockbloghub.com/2010/04/29/fti-fmc-technologies-earnings-report-tops-expectations/35657#comments</comments>
		<pubDate>Fri, 30 Apr 2010 00:12:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=35657</guid>
		<description><![CDATA[Oil drilling equipment maker FMC Technologies Inc. (FTI) reported significantly better-than-expected first quarter 2010 results, helped by robust performance from its subsea oil and gas processing systems, as well as cost cutting initiatives. Earnings per share from continuing operations came in at 80 cents, comfortably beating the Zacks Consensus Estimate of 64 cents and the year-ago profit of 56 cents. Revenue of $1,050.3 million was almost unchanged from $1,053.0 million achieved during the first quarter of 2009 and marginally missed the Zacks Consensus Estimate of $1,058 million, as sales declined in the company’s Energy Processing Systems segment. FMC’s outperformance now shifts the focus on Cameron International Corp. (CAM), another leading maker of subsea systems. Cameron is scheduled to report earnings before the opening bell today. Energy Production Systems The segment ]]></description>
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		<title>(FTI) FMC Technologies Secures Total SA Subsea Deal</title>
		<link>http://www.stockbloghub.com/2010/04/09/fti-fmc-technologies-secures-total-sa-subsea-deal/33300</link>
		<comments>http://www.stockbloghub.com/2010/04/09/fti-fmc-technologies-secures-total-sa-subsea-deal/33300#comments</comments>
		<pubDate>Fri, 09 Apr 2010 21:44:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33300</guid>
		<description><![CDATA[Oil drilling equipment maker FMC Technologies Inc. (FTI) announced the receipt of a $210 million subsea infrastructure contract from French oil major Total SA (TOT). The deal calls for FMC Technologies to manufacture and supply subsea production systems to Total-operated Laggan-Tormore development, located in the North Sea. FMC Technologies said that the contract includes the manufacture of nine subsea trees, eight wellheads and two six-slot manifolds, as well as the supply of twelve multiphase meters, ten subsea control modules and related control systems. The company expects delivery to begin in the first quarter of 2011. The order is part of FMC Technologies’ strong and longstanding relationship with Total and will be supported by its Kongsberg and Stavanger facilities in Norway, and the Dunfermline facility in Scotland. Total E&#38;P U.K. Ltd. ]]></description>
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		</item>
		<item>
		<title>(FTI) FMC Technologies Lands Perdido Work From Royal Dutch Shell</title>
		<link>http://www.stockbloghub.com/2010/04/07/fti-fmc-technologies-lands-perdido-work-from-royal-dutch-shell/33038</link>
		<comments>http://www.stockbloghub.com/2010/04/07/fti-fmc-technologies-lands-perdido-work-from-royal-dutch-shell/33038#comments</comments>
		<pubDate>Wed, 07 Apr 2010 23:02:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[RDSA]]></category>
		<category><![CDATA[Royal Dutch Shell Plc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33038</guid>
		<description><![CDATA[Oil drilling equipment maker FMC Technologies Inc. (FTI) announced the receipt of a subsea infrastructure contract from Anglo-Dutch supermajor Royal Dutch Shell plc. (RDSA). The deal calls for FMC Technologies to provide subsea and topside systems to Shell’s Perdido Stage II Regional Development Project in the Gulf of Mexico. The financial terms of the transaction were not disclosed. Shell holds a 35% operated interest in the Perdido project, with the other partners being oil supermajors Chevron Corp. (CVX) and BP plc. (BP). The contract calls for FMC Technologies to supply five subsea production trees and three subsea water injection trees, as well as build subsea and topside controls, manifold and tie-in equipment, and other systems and services. The company expects delivery to begin in the third quarter of 2010. The ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FTI) FMC Technologies Analysts Maintain Neutral Rating</title>
		<link>http://www.stockbloghub.com/2010/03/27/fti-fmc-technologies-analysts-maintain-neutral-rating/31699</link>
		<comments>http://www.stockbloghub.com/2010/03/27/fti-fmc-technologies-analysts-maintain-neutral-rating/31699#comments</comments>
		<pubDate>Sat, 27 Mar 2010 21:07:07 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31699</guid>
		<description><![CDATA[We are maintaining our Neutral recommendation on FMC Technologies Inc. (FTI) with a target price of $64. We like FMC Technologies’ diversified product portfolio, specialty service capabilities and proprietary technological expertise. A strong presence in the subsea systems market, growing international operations and the still-favorable outlook for the deepwater offshore markets are other positives in the FMC Technologies story. To date, FMC Technologies has remained relatively unscathed from the current economic downturn, as most of the company’s work contracts are with industry giants like Petroleo Brasileiro S.A. (PBR), StatoilHydro ASA (STO), and Total SA (TOT). The oil drilling equipment maker also maintains a healthy backlog that offers long-term earnings and cash flow visibility. Additionally, we believe order flow and backlog for subsea products and services will continue to be healthy ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FTI) FMC Technologies Wins Oil Drilling Subsea Deal</title>
		<link>http://www.stockbloghub.com/2010/03/09/fti-fmc-technologies-wins-oil-drilling-subsea-deal/30176</link>
		<comments>http://www.stockbloghub.com/2010/03/09/fti-fmc-technologies-wins-oil-drilling-subsea-deal/30176#comments</comments>
		<pubDate>Tue, 09 Mar 2010 23:03:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30176</guid>
		<description><![CDATA[Oil drilling equipment maker FMC Technologies Inc. (FTI) announced a $62 million contract from Norway-based oil and gas company StatoilHydro ASA (STO). The deal calls for FMC Technologies to manufacture and provide subsea production systems to the Marulk field, located in the Norwegian Sea. Italian giant Eni SpA (E) is the operator of Marulk with a 20% share, while Statoil and Danish player Dong have 50% and 30% interest in the development, respectively. FMC Technologies said that the contract includes the manufacture of two subsea trees, one manifold, one template, subsea control modules and associated topside controls and connection equipment. The company expects delivery to begin in the second quarter of 2011. The order is part of FMC Technologies&#8217; strong and longstanding relationship with Statoil and Eni, and will be ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FTI) FMC Technologies Wins Statoil Subsea Deal</title>
		<link>http://www.stockbloghub.com/2010/01/26/fti-fmc-technologies-wins-statoil-subsea-deal/26059</link>
		<comments>http://www.stockbloghub.com/2010/01/26/fti-fmc-technologies-wins-statoil-subsea-deal/26059#comments</comments>
		<pubDate>Tue, 26 Jan 2010 22:53:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=26059</guid>
		<description><![CDATA[Oil drilling equipment maker FMC Technologies Inc. (FTI) announced the receipt of a $40 million contract from Norway-based oil and gas company StatoilHydro ASA (STO). The deal calls for FMC Technologies to design and provide subsea production systems to Statoil-operated Snorre field in the North Sea. FMC Technologies said that the contract includes 10 production risers, tieback connectors and installation tools. The company expects delivery to begin in 2011 and continue through mid-2013. The order is part of FMC Technologies’ strong and longstanding relationship with Statoil and will be supported by its engineering and manufacturing facilities at Houston, Texas and Kongsberg, Norway. The Snorre field has been in production since 1992 and the existing field consent runs through 2017. However, Statoil recently announced a modification program on the field, which ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FTI) FMC Technologies in Subsea Deal With Petroleo Brasileiro S.A.</title>
		<link>http://www.stockbloghub.com/2010/01/21/fti-fmc-technologies-in-subsea-deal-with-petroleo-brasileiro-s-a/25676</link>
		<comments>http://www.stockbloghub.com/2010/01/21/fti-fmc-technologies-in-subsea-deal-with-petroleo-brasileiro-s-a/25676#comments</comments>
		<pubDate>Fri, 22 Jan 2010 00:44:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=25676</guid>
		<description><![CDATA[Oil drilling equipment maker FMC Technologies Inc. (FTI) announced the receipt of an $80 million contract from Brazilian energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A. The deal calls for FMC Technologies to provide subsea service systems to Petrobras. The company said that the contract, which is effective through 2012 Incorporatedludes supply of storage, maintenance, commissioning and offshore services for subsea and topside control systems and drill pipe riser systems. The order is part of FMC Technologies’ strong and longstanding relationship with Petrobras and will be supported by its two manufacturing facilities in Rio de Janeiro and one service base in Macae. FMC Technologies recently posted better-than-expected third quarter results despite pricing pressure and reduced order flow. A healthy backlog of $3 billion, coupled with FMC Technologies’ growing international ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FTI) FMC Technologies Inc Initiated at Neutral</title>
		<link>http://www.stockbloghub.com/2009/12/09/fti-fmc-technologies-inc-initiated-at-neutral/22396</link>
		<comments>http://www.stockbloghub.com/2009/12/09/fti-fmc-technologies-inc-initiated-at-neutral/22396#comments</comments>
		<pubDate>Wed, 09 Dec 2009 23:56:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22396</guid>
		<description><![CDATA[We are initiating coverage on FMC Technologies Inc. (FTI) with a Neutral recommendation and a target price of $55. Incorporated in 2000, Houston, Texas-based FMC Technologies is a leading manufacturer and supplier of technology solutions for the energy industry. The company, which operates 19 manufacturing facilities in 14 countries, is engaged in the designing, producing and servicing technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems for the oil and gas industry. We like FMC Technologies’ diversified product portfolio, specialty service capabilities and proprietary technological expertise. A strong presence in the subsea systems market, growing international operations and the still-favorable outlook for the deepwater offshore markets are other positives in the FMC ]]></description>
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		<slash:comments>0</slash:comments>
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