Scana's Seasystems wins mooring chain contract for Canadian FLNG project

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Summary · why it matters

Scana ASA's marine subsidiary Seasystems AS has entered into a mooring chain contract for a floating liquefied natural gas project in Canada. The contract is valued between 25 million and 75 million Norwegian kroner, which the company defines as sizeable. The mooring chains will permanently secure the FLNG unit and floating jetties for gas risers and power supply. Work begins immediately with delivery scheduled for 2027.

Impact on stocks 1

Energy Transition & Power Demand▲ · 1 stocks
Scana ASA
0FXQ
▲ PositiveDemandrelevance

Seasystems, a subsidiary of Scana ASA, wins a sizable mooring chain contract for a Canadian FLNG project, indicating strong demand for its marine products.

Off-coverage companies 1

Seasystems ASPrivate▲ Positive
Demandrelevance

Seasystems AS directly wins the mooring chain contract, boosting its order book and revenue outlook.

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