Technipfmc Plc Stock Price, News & Analysis

TechnipFMC (NYSE:FTI) and Halliburton (NYSE:HAL) have received the OTC Spotlight on New Technology Award for their Odassea™ Subsea Fiber Optic Solution, chosen for ExxonMobil’s Payara development project in Guyana. This innovative system integrates hardware and digital solutions to improve subsea monitoring and production efficiency. The Payara site, located 200 kilometers offshore at a depth of 1,800 meters, is estimated to contain around 9 billion recoverable oil-equivalent barrels. The collaboration aims to enhance reservoir insights while reducing costs for operators.

TechnipFMC (NYSE: FTI) has secured a significant iEPCI™ contract for the Jubilee South East development offshore Ghana, marking its first project with Tullow Ghana Ltd. This contract, valued between $75 million and $250 million, includes the supply and installation of major subsea equipment. TechnipFMC utilized its Subsea Studio™ digital solutions for optimization and aims to enhance local content through in-country fabrication of subsea structures. This project underscores the company's commitment to innovation, collaboration, and reducing emissions in energy projects.

TechnipFMC (NYSE: FTI) has secured a significant Engineering, Procurement, Construction and Installation contract from Equinor for the Kristin Sør field in the North Sea. This $75 million to $250 million contract involves supplying rigid pipelines and umbilicals, as well as installation services for subsea production facilities. The project will utilize TechnipFMC's hybrid battery-equipped Deep Arctic. Execution will be handled from its Oslo center, with fabrication taking place in Norway and the UK.

TechnipFMC (NYSE: FTI) has secured a significant subsea contract from Petrobras for the Búzios 6-9 fields in Brazil's Santos basin, at a water depth of 2,000 meters. This contract involves supplying subsea trees, controls, and installation support services, with delivery expected in Q1 2023. The agreement highlights TechnipFMC's commitment to sustainability, with all subsea trees manufactured using renewable energy in Brazil. Notably, this contract follows the successful delivery of 700 trees, emphasizing ongoing local content and workforce involvement.

TechnipFMC (NYSE:FTI) will release its second quarter 2021 earnings after the NYSE close on July 21, 2021. A conference call is scheduled for July 22, 2021, at 1 p.m. London time (8 a.m. New York time). This call will be webcast live and can be accessed through the company’s investor relations website. TechnipFMC is recognized as a leading technology provider in the energy sector, focusing on integrated projects and services while promoting energy transition through innovation and technology.

TechnipFMC (NYSE:FTI) announced that CEO Doug Pferdehirt will speak at the J.P. Morgan 2021 Energy, Power and Renewables Conference on June 22 at 11:50 a.m. EDT. The event will be conducted virtually, and a live webcast will be available through the Investor Relations website. TechnipFMC is a key technology provider in the energy sector, offering integrated projects and services aimed at enhancing project economics while supporting energy transition and reducing carbon intensity. With around 20,000 employees, the company focuses on innovation and execution excellence.

TechnipFMC (NYSE:FTI) has secured its first integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract in Brazil from Karoon Energy. This contract involves the development of the Patola field, including subsea trees, flexible pipes, and umbilicals. The project will operate at 300 meters depth, connecting to the Baúna Floating Production, Storage and Offloading vessel. TechnipFMC's selection is due to its technical excellence and local asset utilization in Brazil. The partnership emphasizes shared values and aims for successful project execution.

TechnipFMC (NYSE:FTI) announced that Doug Pferdehirt, CEO, will speak at the UBS Global Energy Virtual Conference on May 26, 2021, at 9:00 a.m. EDT. The event is virtual, and a live webcast will be available on the company's Investor Relations website. TechnipFMC is a leading technology provider in traditional and new energy sectors, focusing on integrated projects and services to enhance project economics while promoting energy transition. The company operates in two segments: Subsea and Surface Technologies.

TechnipFMC (NYSE:FTI) has secured a significant Engineering, Procurement, Construction and Installation (EPCI) contract from Ithaca Energy (UK) Limited for the Captain Enhanced Oil Recovery (EOR) Project in the UK North Sea. This project entails the design, manufacture, delivery, and installation of subsea equipment, including a rigid riser caisson, water injection flexible flowline, and umbilicals. The contract value is estimated between $75 million and $250 million, indicating its potential impact on TechnipFMC's financial outlook.