One company in the deepwater space that's been talked about a lot on Fool.com recently is FMC Technologies (NYSE:FTI), which got another bump up today by about 4%, after securing another massive deal for the company. The company has already secured two major deals within the past few months and will now be providing huge support in the form of equipment to CNR International, to be used in the waters off the Ivory Coast. In this video, Motley Fool energy analyst Taylor Muckerman details just how massive these deals are for the company and also discusses why he had previously had some fears that competitors may eat into FMC's profits from these deals -- fears that he says may have been unfounded.

Joel South owns shares of Schlumberger and Schlumberger. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends FMC Technologies and National Oilwell Varco. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.