Welcome to our dedicated page for Technipfmc Plc news (Ticker: FTI), a resource for investors and traders seeking the latest updates and insights on Technipfmc Plc stock.
TechnipFMC plc (NYSE: FTI) is a technology provider to the traditional and new energy industries, and its news flow reflects this focus on integrated energy projects. The company regularly issues updates on contract awards, financial results, capital allocation decisions, and appearances at industry and investor conferences.
Many TechnipFMC news releases highlight new Subsea and Surface Technologies awards. Recent announcements describe integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contracts, Subsea 2.0® production systems, flexible risers and flowlines, and subsea equipment for developments in areas such as the Gulf of Mexico, offshore Mozambique, offshore Indonesia, and the U.K. North Sea. These items illustrate how the company applies its proprietary technologies and integrated ecosystems, including iEPCI™, iFEED™, iComplete®, and Subsea 2.0®.
Investors following FTI news will also find quarterly earnings releases, segment performance details for Subsea and Surface Technologies, and commentary on backlog, inbound orders, and free cash flow. The company’s communications discuss how its technology platforms and integrated execution models contribute to project economics and schedule certainty, as well as how offshore activity and subsea demand influence its outlook.
In addition, TechnipFMC issues news about shareholder distributions, such as quarterly dividends and share repurchase authorizations, and about management’s participation in energy and clean technology conferences. These updates provide insight into capital allocation priorities and how the company presents its strategy to the market. For a consolidated view of these developments, the FTI news page aggregates contract awards, financial updates, and strategic communications in one place.
TechnipFMC filed a Current Report on Form 8-K on
The update reflects changes due to the spin-off of its former Technip Energies segment, executed on
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
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.
TechnipFMC plc (NYSE: FTI) announces the sale of 16 million shares of Technip Energies, representing approximately 9% of its issued share capital. The shares are sold at €11.20 each, totaling gross proceeds of €179.2 million. Following this placement, TechnipFMC retains about 22% of Technip Energies' shares. A 60-day lock-up period on the remaining shares is agreed upon, with settlement expected around August 3, 2021. This transaction is aimed at institutional investors and does not constitute a public offering.
TechnipFMC (NYSE: FTI) plans to acquire the remaining 49% of shares in TIOS AS, enhancing its integrated service model. This strategic move aims to boost TechnipFMC’s capabilities in delivering Riserless Light Well Intervention (RLWI) services globally. TIOS, operational since 2005, has successfully serviced over 740 wells. The company will continue its partnership with Island Offshore for vessel provisions. Jonathan Landes, President of Subsea, emphasized the acquisition's potential to improve service delivery to clients.
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