UK-based oilfield service provider TechnipFMC plc (FTI) has been awarded two major subsea contracts by Petrobras S.A. (PBR) , a Brazilian oil and gas major. These contracts are seen to be a significant step toward the development of the hydrocarbon resources in Brazil's offshore oil fields. TechnipFMC claims that manufacturing and servicing of all the equipment will be done locally to ensure that the country benefits from these contracts and its pre-salt reserves develop continually. FTI Stock to Gain From ...