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TechnipFMC plc provides technology, project execution, products, and services for traditional and new energy markets. News about TechnipFMC centers on its Subsea and Surface Technologies segments, including integrated offshore project awards, subsea equipment and construction activity, and proprietary ecosystems such as iEPCI™, iFEED™, and iComplete®.
Recurring updates also cover quarterly financial results, inbound orders, backlog, cash flow, margin trends, dividends, share repurchases, and shareholder distributions. Company announcements frequently discuss offshore oil and gas development activity, direct customer awards, guidance for Subsea revenue and profitability, and investor conference participation.
TechnipFMC (NYSE: FTI) announced that CEO Doug Pferdehirt will speak at the ATB 10th Annual Institutional Investor Conference on January 12, 2022, at 10:00 a.m. CST. The conference will be held virtually from January 11-13, 2022. The live webcast can be accessed through the Investor Relations website. TechnipFMC is a major technology provider to the energy sector, focusing on delivering integrated projects and services while supporting energy transition initiatives.
TechnipFMC plc (NYSE:FTI) announced the private sale of 9 million shares of Technip Energies N.V. at €13.15 per share, generating gross proceeds of €118.4 million. This sale represents approximately 5% of Technip Energies' share capital, leaving TechnipFMC with a 7% stake. The transaction will settle on or around January 14, 2022, and is subject to a 30-day lock-up period for remaining shares, expiring on February 9, 2022. The sale was made without a public offering and involved parties such as Bpifrance Participations SA and HAL Investments.
TechnipFMC (NYSE: FTI) announced its voluntary delisting from Euronext Paris as part of a strategic refocus on being a pure-play technology and services provider. This decision is expected to streamline operations and reduce costs, enabling a more efficient allocation of resources toward enhancing shareholder value. Following the delisting, shares will continue to be traded exclusively on the NYSE. Shareholders will have options to retain or sell their Euronext shares through a voluntary sales facility set to commence on January 12, 2022.
TechnipFMC plc (NYSE:FTI) has announced that as of December 30, 2021, its capital consists of 450,700,480 ordinary shares valued at USD 1.00 each. The company holds no treasury shares, resulting in 450,700,480 total voting rights. With a dedication to advancing the energy sector, TechnipFMC operates in Subsea and Surface Technologies, focusing on technological leadership and digital innovation. The firm continues to enhance client project economics while supporting energy transition goals.
TechnipFMC (NYSE: FTI) has secured three frame agreements from Petrobras (NYSE: PBR) to enhance its leadership in Brazil’s flexible pipe market. This significant contract involves over 500 kilometers of flexible pipe manufacturing over four years, contributing to approximately 600 kilometers contracted this year. These agreements support Petrobras's efforts to boost oil recovery in Brazilian offshore fields. A "large" contract for TechnipFMC is valued between $500 million and $1 billion. The collaboration underscores a strong partnership aimed at maximizing oil recovery.
TechnipFMC (NYSE: FTI) has secured a significant 10-year framework agreement with the Abu Dhabi National Oil Company (ADNOC) for wellheads, trees, and associated services. This contract, valued at over $1 billion, marks the largest-ever Surface Technologies deal for TechnipFMC. The agreement aims to enhance local manufacturing and assembly capabilities in Abu Dhabi while significantly expanding TechnipFMC's services. The CEO emphasized the long-standing partnership with ADNOC as foundational to this contract.
TechnipFMC plc (NYSE: FTI) announced the results of its cash tender offer for various Senior Notes. The maximum principal amount accepted for the Tender Offer has been increased from $100 million to $200 million. As of December 2, 2021, over $200 million of the 2026 Notes have been tendered, leading to a prorated acceptance for $200 million of these notes. Holders of the accepted notes will receive $1,085.00 per $1,000 principal amount, including an Early Tender Premium. No 2025 or 2023 Notes will be accepted, and all tendered 2025 and 2023 Notes will be returned.
TechnipFMC plc (NYSE:FTI) announced that as of 29 November 2021, its capital consists of 450,700,480 ordinary shares at USD 1.00 each, with no shares held in treasury. This results in a total of 450,700,480 voting rights in the Company. TechnipFMC is a prominent technology provider in the energy sector, focusing on integrating projects, products, and services. The company operates in two segments: Subsea and Surface Technologies, emphasizing technology leadership and digital innovation.
TechnipFMC plc (NYSE: FTI) has launched a tender offer to buy back up to $100 million of its outstanding Senior Notes. The offer includes multiple notes due from 2023 to 2026. It will be funded with cash on hand and details are outlined in the Offer to Purchase. The tender expires on December 16, 2021 for 2025 and 2026 notes. An early tender premium is available for early submissions. Acceptance will prioritize certain notes and is subject to conditions detailed in the offer.
TechnipFMC has partnered with PETRONAS Technology Ventures to commercialize a novel natural gas processing membrane that significantly reduces greenhouse gas emissions.
This membrane technology, licensed from PETRONAS, is 30% more efficient than current gas treatment processes and will be integrated into TechnipFMC's global production portfolio, excluding China.
Key executives from both companies expressed optimism about this collaboration, highlighting its potential impact on sustainable energy solutions.