Technipfmc Plc Stock Price, News & Analysis

TechnipFMC plc (FTI) announced receipt of a notification regarding major shareholdings. Société Générale SA crossed a voting rights threshold on October 30, 2020, acquiring 5.01% of the voting rights, up from a previous 4.68%. The breakdown shows 2.72% from direct shares and 2.29% via financial instruments. The notification, reflecting significant interest from Société Générale, was reported to the FCA on November 2, 2020. This change could influence shareholder dynamics and market perceptions.

TechnipFMC plc (NYSE: FTI) reported that as of 29 October 2020, its capital comprises 449,408,233 ordinary shares of USD 1.00 each, with no shares held in treasury. This number of shares represents the total voting rights available to shareholders for regulatory compliance under the Disclosure Guidance and Transparency Rules. The company operates in the energy sector, delivering innovative solutions across its three segments: Subsea, Surface Technologies, and Technip Energies, emphasizing its commitment to enhancing project economics and addressing energy transition challenges.

TechnipFMC (NYSE: FTI) announced the availability of its Earnings Call Presentation for the third quarter of 2020, scheduled for October 22, 2020. The company is poised to discuss its financial results and updated outlook for the year. TechnipFMC operates in three segments: Subsea, Surface Technologies, and Technip Energies, focusing on enhancing project economics and supporting the energy transition. For more details, access their presentation on their website.

TechnipFMC plc (NYSE: FTI) announced the appointment of Ms. Margareth Øvrum to its Board of Directors, effective October 1, 2020. This followed the Company's report filed with the SEC on October 20, 2020, which also revealed that she was appointed to the Board's Environmental, Social, and Governance (ESG) Committee. Ms. Øvrum's inclusion in the board reflects the Company’s commitment to enhancing its ESG strategies and governance.

TechnipFMC (NYSE:FTI) has secured a major contract from Equinor for the Breidablikk Pipelay project near the Grane Field in the North Sea. This Engineering, Procurement, Construction, and Installation (EPCI) contract, valued between $75 million and $250 million, includes the provision of flexible jumpers and rigid pipelines. The project is a tie-back to the existing Grane platform, further emphasizing TechnipFMC's collaboration with Equinor to optimize installation solutions. Approval from Norwegian authorities is still pending.

TechnipFMC (NYSE:FTI) has signed a Memorandum of Understanding (MoU) with McPhy, a leader in carbon-free hydrogen solutions. This collaboration aims to develop technology for hydrogen production and distribution, aligning with TechnipFMC's commitment to support the energy transition. TechnipFMC's Technip Energies segment, a market leader in hydrogen technology, will focus on manufacturing hydrogen electrolysis and distribution systems. The agreement also includes an equity investment in McPhy, enhancing TechnipFMC's growth prospects in the green hydrogen sector.

TechnipFMC plc (NYSE: FTI) announced a notification of major interests in shares from BlackRock, Inc. The investment firm has decreased its holdings, crossing below the 5% threshold in voting rights on October 9, 2020. Previously, BlackRock's stake stood at 5.02%, comprising 4.31% via shares and 0.71% through financial instruments. The company has been transparent about its positions, indicating ongoing regulatory compliance. This reduced stake may signal a shift in investment strategy or market outlook for TechnipFMC.

TechnipFMC plc (FTI) received a notification of major interests in shares from Norges Bank, indicating an acquisition of voting rights. On October 9, 2020, Norges Bank crossed a threshold, acquiring 3.13% of voting rights, totaling 14,087,530 shares out of 449,408,233 voting rights. This significant stake reflects an important movement in the company's shareholder structure. The notification was completed on October 12, 2020, highlighting Norges Bank's position as a key stakeholder in the company.

TechnipFMC (NYSE: FTI) has announced the appointment of Arnaud Pieton as President and CEO-elect of Technip Energies and Jonathan Landes as President, Subsea, effective immediately. Pieton, with the company since 2004, previously served as President, Subsea, while Landes brings 25 years of energy sector experience. These changes follow the resignation of Catherine MacGregor, who is joining Engie. Chairman Doug Pferdehirt expressed confidence in Pieton’s ability to drive project performance and highlighted Landes’ commitment to client success.