TechnipFMC, BP Unit Sign MoU on 20,000-PSI Subsea Tree Systems for Paleogene Projects

05:29 PM EDT, 10/20/2026 (MT Newswires) -- TechnipFMC (FTI) said late Tuesday it signed a memorandum of understanding with BP (BP) unit BP Exploration & Production, covering cooperation on 20,000-psi subsea tree systems for BP's Paleogene projects in the Gulf of Mexico. Financial details weren't disclosed. The agreement establishes a framework for the companies to identify early opportunities and collaborate on future technology development aimed at improving schedule certainty and project outcomes, TechnipFMC said.