News & Videos - TECHNIPFMC

TechnipFMC (NYSE: FTI) has received a significant (1) award by Azule Energy to supply flexible pipe for its Ndungu project, offshore Angola. The Ndungu project will tie into Block 15/06 West Hub, where TechnipFMC was recently awarded a substantial flexible pipe contract . Through this extension, the Company was able to provide an optimized solution that enables Azule to maintain schedule and achieve efficiencies. Jonathan Landes, President, Subsea at TechnipFMC, commented: “This contract is...

TechnipFMC plc (NYSE: FTI) (the “Company” or “TechnipFMC”) today reported second quarter 2023 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. Three Months Ended Change (In millions, except per share amounts) Jun. 30, 2023 Mar. 31, 2023 Jun. 30, 2022 Sequential Year-over- Year Revenue $1,972.2 $1,717.4 $1,717.2 14.8% 14.8% Income (loss) $(87.2) $0.4 $2.1 n/m n/m Income (loss)...

TechnipFMC plc (NYSE: FTI) (“TechnipFMC” or the “Company”) announced that its Board of Directors (the “Board”) has authorized and declared a quarterly cash dividend of $0.05 per share. The Company intends to pay dividends on a quarterly basis, and this dividend represents $0.20 per share on an annualized basis. The Board has also authorized additional share repurchase of up to $400 million. Together with the existing program, the Company’s total share repurchase authorization has...

TechnipFMC (NYSE: FTI) will host its second quarter 2023 earnings conference call on Thursday, July 27, 2023, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed through the TechnipFMC website ( investors.technipfmc.com ) or at https://edge.media-server.com/mmc/p/xjed9h79 . An archived version will be...

TechnipFMC (NYSE: FTI) has been awarded a significant (1) integrated Engineering, Procurement, Construction, and Installation ( iEPCI™ ) contract by OMV (Norge) AS for its Berling gas development project. It will be OMV’s first iEPCI™ project in Norway as operator. TechnipFMC will design and install the subsea production systems, controls, pipelines, and umbilicals for the development on the Norwegian Continental Shelf. The award follows a six-month integrated Front End Engineering and...

Technip UK Limited, a subsidiary of TechnipFMC plc (NYSE:FTI), and Technip Energies France SAS, a subsidiary of Technip Energies NV, have agreed to resolve their outstanding matters with the French Parquet National Financier (PNF). The resolution encompasses historical conduct arising from nearly fifteen-year-old former Technip S.A. group projects. This settlement took the form of a convention judiciaire d'interet public , or CJIP, which does not involve any admission of liability or guilt. The...

TechnipFMC (NYSE: FTI) has been awarded a significant (1) contract by Azule Energy to supply subsea production systems for the Block 18 Infills development, offshore Angola. It is TechnipFMC’s first subsea production systems contract with Azule Energy, and follows the announcement of a flexible pipe supply contract for Azule’s Agogo Integrated West Hub Development . The existing field layout will be reconfigured to accommodate new equipment that will continue to support Azule’s production...

TechnipFMC (NYSE: FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will address attendees on Thursday, June 22, at 10:20 a.m. EDT at the following event: J.P. Morgan 2023 Energy, Power and Renewables Conference June 20 – 22, 2023 Location: InterContinental New York Barclay, 111 East 48th St, New York, NY 10017 The live webcast will be available at the time of the event and can be accessed at the Investor Relations website . There will be no presentation materials...

TechnipFMC (NYSE: FTI) has been awarded a significant (1) contract by Woodside Energy (2) (LON: WDS) to engineer, procure, construct, and install flexible pipes and umbilicals for the Julimar Phase 3 development, offshore Western Australia. The Company will tie back four subsea gas wells in the Carnarvon Basin to the existing Julimar subsea infrastructure producing to the Wheatstone platform, using high pressure, high temperature (HPHT) flexible pipe and steel tube umbilicals. Jonathan Landes,...

TechnipFMC (NYSE: FTI) has been awarded a significant (1) integrated Engineering, Procurement, Construction, and Installation ( iEPCI™ ) contract by Shell plc (FTSE: SHEL) (AMS: SHELL) (NYSE: SHEL) for its Dover development in the Gulf of Mexico. TechnipFMC will supply the subsea tree systems in addition to the engineering, procurement, construction and installation of the umbilical, riser, and flowline systems. The Dover development will tie back to the Appomattox platform, where TechnipFMC...

TechnipFMC (NYSE: FTI) has been awarded a significant (1) contract by Equinor to provide riserless light well intervention (RLWI) services on the Norwegian Continental Shelf. The two-year contract runs from 2024 to 2025, with options to extend for each of the three subsequent years. TechnipFMC will provide production enhancement, production data, and pre-plug-and-abandonment services to Equinor using the RLWI method. RLWI enables well interventions from a monohull vessel, eliminating the need...

TechnipFMC (NYSE: FTI) has been awarded a major (1) contract for an integrated Engineering, Procurement, Construction, and Installation ( iEPCI™ ) project by Equinor Energy do Brasil Ltda., a subsidiary of Equinor ASA (Equinor). The award follows the conclusion of an integrated Front End Engineering and Design (iFEED™) study of the BM-C-33 field offshore Brazil. The field is in water depths up to approximately 2,900 meters. The contract covers the entire subsea system, including Subsea...

TechnipFMC (NYSE: FTI) has been awarded a large (1) contract by ExxonMobil Corporation (NYSE: XOM) affiliate, Esso Exploration and Production Guyana Limited, to supply the subsea production system for the Uaru project. TechnipFMC will provide project management, engineering, and manufacturing to deliver the overall subsea production system. The award covers 44 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment. Jonathan Landes, President,...

TechnipFMC plc (NYSE: FTI) (the “Company” or “TechnipFMC”) today reported first quarter 2023 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. Three Months Ended Change (In millions, except per share amounts) Mar. 31, 2023 Dec. 31, 2022 Mar. 31, 2022 Sequential Year-over-Year Revenue $1,717.4 $1,694.4 $1,555.8 1.4% 10.4% Income (loss) $0.4 $(26.7) $(42.3) n/m n/m Income (loss)...

TechnipFMC (NYSE: FTI) will host its first quarter 2023 earnings conference call on Thursday, April 27, 2023, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed through the TechnipFMC website ( investors.technipfmc.com ) or at https://edge.media-server.com/mmc/p/6fifa2xk . An archived version will be...

TechnipFMC (NYSE: FTI) has been awarded a substantial (1) contract by Azule Energy to supply flexible pipe for the Agogo Integrated West Hub Development Project, offshore Angola. The contract is one of TechnipFMC’s largest ever awards for flexible pipe in West Africa, and covers the engineering, procurement, and supply of jumpers, flowlines, risers, and all associated ancillary equipment. The flexible pipe will connect the new Agogo facility to the subsea production systems. Azule Energy, a bp...

TechnipFMC plc (NYSE: FTI) today reported fourth quarter 2022 results. Summary Financial Results from Continuing Operations - Fourth Quarter 2022 Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. Three Months Ended Change (In millions, except per share amounts) Dec. 31, 2022 Sep. 30, 2022 Dec. 31, 2021 Sequential Year-over-Year Revenue $1,694.4 $1,733.0 $1,523.3 (2.2%) 11.2% Income (loss) $(26.7) $5.0 $(127.2) n/m n/m Income (loss) margin (1.6%) 0.3%...

TechnipFMC (NYSE: FTI) has been awarded a significant (1) contract to supply flexible pipe and associated hardware for the first subsea life extension project by TotalEnergies EP Angola and its Block 17 Partners in West Africa. The contract covers the engineering, procurement, and supply of flowlines and connectors for the Girassol Life Extension project (GIRLIFEX), offshore Angola. The flexible pipes will extend the life of the Girassol field by bypassing the rigid pipe bundles installed before...

TechnipFMC (NYSE: FTI) has been awarded a significant (1) contract for the subsea production system for Equinor’s Verdande project on the Norwegian Continental Shelf. The contract – awarded under TechnipFMC’s framework agreement with Equinor – covers the complete subsea production system including subsea trees and structures, control systems, connections, tooling, and installation support. Jonathan Landes, President, Subsea at TechnipFMC, commented: “This latest contract highlights the...

TechnipFMC (NYSE: FTI) has been awarded a significant (1) contract for subsea production systems by Equinor for its Irpa oil and gas development on the Norwegian Continental Shelf. Awarded under the companies’ framework agreement, the contract covers the supply and installation support of subsea trees, control systems, structures, and connections, as well as tooling. Jonathan Landes, President, Subsea at TechnipFMC, commented: “This project will utilize our standardized production system,...