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 (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.
TechnipFMC plc (NYSE: FTI) reported first quarter 2021 results, showcasing a revenue increase of 3.1% to $1,632.0 million from $1,582.6 million in Q1 2020. The company recovered significantly from a $3,234.8 million loss in the same quarter last year, posting an income of $430.3 million. Diluted earnings per share rose to $0.95, up from $(7.23) a year earlier. Adjusted EBITDA surged 107.3% to $165.2 million compared to $79.7 million in Q1 2020, indicating strong operational performance.
TechnipFMC (NYSE:FTI) has announced the sale of 25 million shares of Technip Energies, representing approximately 14% of its share capital, at a price of €11.10 per share, totaling €277.5 million. Concurrently, Technip Energies will buy around 1.8 million shares at the same price. After the sale, TechnipFMC will hold about 31% of Technip Energies’ shares and has committed to a 60-day lock-up on its remaining shares. The placement targets institutional investors and will settle around April 30, 2021.
TechnipFMC (NYSE:FTI) announced receiving a Notice to Proceed for a significant subsea production system contract from Santos Ltd. for the Barossa project, located 300 kilometers north of Darwin, Australia. The contract, valued between $75 million and $250 million, includes the supply of subsea trees, manifolds, and control systems, along with installation support. This project aims to extend the life of the existing Darwin LNG facility, reinforcing TechnipFMC's partnership with Santos and commitment to Australia's energy sector.