Technipfmc Plc Stock Price, News & Analysis

TechnipFMC plc (NYSE: FTI) announced the results of its cash tender offer for up to $250 million in 6.500% Senior Notes due 2026 as of the Early Tender Time on September 14, 2021. A total of $164,113,000 of Notes were tendered without proration. Holders of validly tendered Notes will receive $1,075 per $1,000 principal amount, which includes a $30 Early Tender Premium. The offer expires at 11:59 p.m. on September 28, 2021. Proration may occur if the tendered amount exceeds $250 million. Citigroup and BofA Securities are acting as dealer managers for the Tender Offer.

TechnipFMC filed a Current Report on Form 8-K on September 8, 2021 to revise financial information from its Annual Report on Form 10-K for the fiscal year ended December 31, 2020.

The update reflects changes due to the spin-off of its former Technip Energies segment, executed on February 16, 2021. Shareholders received shares of Technip Energies N.V. as part of this transaction. The report includes revised disclosures in the Management's Discussion and Analysis and related financial statements, but does not reflect recent events post-2020 filing.

TechnipFMC (NYSE:FTI) announced the sale of 17.6 million shares of Technip Energies N.V. to HAL Investments at €11.15 per share, totaling €196.2 million in gross proceeds. Following the transaction, TechnipFMC will maintain a 12.3% stake in Technip Energies, while HAL commits to a 180-day lock-up for its shares. The sale will occur in two phases, with the first expected shortly and the second dependent on regulatory approvals, anticipated early in Q4 2021. A 60-day lock-up for TechnipFMC's remaining shares expires on October 2, 2021.

TechnipFMC (NYSE: FTI) announced that CEO Doug Pferdehirt will speak at the Barclays CEO Energy-Power Conference on September 8, 2021, at 10:55 a.m. EDT. The event will be held virtually, and a live webcast will be available on the company's Investor Relations website. TechnipFMC is a leading technology provider for the energy industry, focusing on integrated projects and services aimed at improving project economics while reducing carbon emissions. The company is structured into Subsea and Surface Technologies segments, driving innovation through proprietary technologies.

TechnipFMC (NYSE: FTI) and DOF Subsea have secured long-term contracts with Petrobras (NYSE: PBR) for the pipelay support vessels Skandi Vitória and Skandi Niteroi. Each contract spans three years with potential extensions and is valued between $75 million and $250 million. The vessels will commence operations in February 2022, performing decommissioning and subsea installation tasks in both shallow and deep waters. This partnership reinforces the ongoing collaboration between TechnipFMC and Petrobras in Brazil's energy sector.

TechnipFMC plc (NYSE:FTI) has announced that as of 30 August 2021, the company’s capital comprises 450,700,480 ordinary shares with a nominal value of USD 1.00 each. The company holds no treasury shares, resulting in 450,700,480 total voting rights. TechnipFMC is a leading technology provider serving traditional and new energy sectors, focusing on integrated projects while reducing carbon intensity. The company operates through two segments: Subsea and Surface Technologies, leveraging proprietary technologies and digital innovations.

TechnipFMC plc (NYSE: FTI) has announced a tender offer for up to $250 million of its 6.500% Senior Notes due 2026. The offer will expire at 11:59 P.M. New York City time on September 28, 2021. Holders who tender their notes before 5:00 P.M. on September 14, 2021 will receive a total consideration of $1,075 per $1,000 principal amount, which includes a premium of $30. The firm intends to fund this offer using cash on hand.

TechnipFMC (NYSE: FTI) is collaborating with Loke Marine Minerals to develop technology for seabed mineral extraction, essential for the energy transition. The partnership aims to create a patent-pending subsea production system with minimal environmental impact. Marine minerals are increasingly recognized as vital for electric vehicle batteries and clean energy technologies. The Norwegian government is expected to finalize licensing approvals for exploration in 2023. TechnipFMC holds a minority stake in Loke, which has also attracted investments from Wilh. Wilhelmsen Holding ASA and NorSea Group.