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) has met the conditions to start work on an Engineering, Procurement, and Construction (EPC) contract for a new Hydrocracking Complex at the Assiut refinery in Egypt. The contract, valued at over $1.0 billion, includes new process units and supports the Egyptian Government’s Energy Transition strategy. This project aims to transform lower-value petroleum products into approximately 2.8 million tons per year of cleaner products, including Euro V diesel. The award will be recorded in the company's Q4 2020 orders.
TechnipFMC (NYSE:FTI) announced that Arnaud Pieton, President of Technip Energies, will speak at the Berenberg European Conference on November 30, 2020, at 3:00 p.m. GMT. The event will be virtual, and a live webcast will be accessible through the Investor Relations website, although no presentation materials will be provided. TechnipFMC is a global energy industry leader with around 37,000 employees, delivering projects and technologies across three business segments: Subsea, Surface Technologies, and Technip Energies.
TechnipFMC plc (NYSE: FTI) announced a major shareholding notification from Société Générale SA. As of November 25, 2020, Société Générale holds 4.73% of voting rights, a decrease from the previous 5.33%. The breakdown includes 2.25% from direct shares (5,501,586 ordinary shares and 4,594,306 borrowed shares) and 2.48% from financial instruments. The notification reflects changes in major voting rights, marking a key update for investors in the company.
TechnipFMC plc (NYSE: FTI) announced a notification regarding major holdings from Société Générale SA, which has crossed a voting rights threshold. As of November 24, 2020, Société Générale holds 5.33% of voting rights, consisting of 2.67% from direct shares and 2.65% from financial instruments. This is an increase from their previous holding of 4.17%. The notification emphasizes the changes in voting rights that could influence shareholder decisions and market dynamics.
TechnipFMC has received a Notice to Proceed for a significant Engineering, Procurement, and Construction (EPC) contract from Sempra LNG and IEnova at the Energía Costa Azul LNG facility in Baja California, Mexico. This project will enhance the facility with a natural gas liquefaction capability, boosting capacity to 3.25 Mtpa. TechnipFMC has been involved in this project since 2017 and sees this development as aligned with their strategic approach. The company emphasizes the project's role in the energy transition.
TechnipFMC plc (NYSE: FTI) has reported a major holding update from Société Générale SA, which has achieved a total holding of 4.17% in voting rights. The report indicates a decrease from a previous holding of 5.52%, with the latest figures reflecting a direct ownership of 1.54% in ordinary shares. The notification, submitted on November 16, 2020, marks the date when the interest threshold was crossed on November 13, 2020. This shift in voting rights may impact shareholder dynamics within the company.
TechnipFMC plc (NYSE: FTI) has reported a notification of major holdings, revealing that Société Générale SA has acquired a significant interest. As of November 12, 2020, Société Générale holds 5.52% of the total voting rights, reflecting an increase from the previous 4.32%. The breakdown includes 2.90% from direct shares and 2.63% from financial instruments. This acquisition indicates rising confidence in TechnipFMC's future by a major investor, potentially affecting stock trading dynamics.
TechnipFMC plc (NYSE: FTI) announced a notification regarding major shareholdings, signaling a change in voting rights. Société Générale SA crossed the 2% voting rights threshold, currently holding 4.32% of voting rights (2.03% direct and 2.30% through financial instruments) as of November 3, 2020. This marks a decrease from their previous holding of 5.01%. The notification was completed on November 4, 2020, as part of regulatory requirements.
TechnipFMC filed its Quarterly Report on Form 10-Q for the three and nine months ended 30 September 2020 with the SEC on 2 November 2020. The report includes unaudited interim condensed consolidated financial statements prepared under U.S. GAAP. Shareholders can access the report on the SEC website and TechnipFMC's investor relations page. A copy has also been submitted to the U.K. National Storage Mechanism for public inspection.
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.