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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 secured a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract from Energean for the Katlan development in the Mediterranean Sea. This project marks Energean's first use of TechnipFMC's configure-to-order Subsea 2.0® production systems. The contract, valued between $500 million and $1 billion, covers the design, manufacture, and installation of production systems, pipe, umbilicals, and subsea structures.
The subsea infrastructure will connect to the Energean Power floating production, storage, and offloading vessel (FPSO), which currently serves the Karish and Karish North developments. TechnipFMC's integrated approach, combining iFEED® for optimized field layout with Subsea 2.0® platform and iEPCI™ execution model, is expected to accelerate time to first production at Katlan.
TechnipFMC (NYSE: FTI) will release its second quarter 2024 earnings on Thursday, July 25, 2024.
The earnings conference call is scheduled for 1:30 p.m. London time (8:30 a.m. New York time). The press release announcing the results will be issued earlier at approximately 11:45 a.m. London time (6:45 a.m. New York time).
The event will be webcast live and accessible via the company's Investor Relations website or a specified link. An archived version of the webcast will be available afterwards.
TechnipFMC (NYSE: FTI) announced that Chair and CEO Doug Pferdehirt will address attendees at the J.P. Morgan 2024 Energy, Power and Renewables Conference.
The event will take place on June 17-18, 2024, at the InterContinental New York Barclay. Pferdehirt's address is scheduled for June 18 at 1:45 p.m. EDT.
A live webcast of the event will be available on the company's Investor Relations website, and an audio replay will be accessible after the event. No presentation materials will be provided.
TechnipFMC (NYSE: FTI) has secured a significant iEPCI™ contract from Woodside Energy (LON: WDS) for the Xena Phase 3 development in Australia. The contract entails design, manufacturing, and installation of the subsea production system, flexible pipe, and umbilicals for the Xena Infill well (XNA03), supporting the Pluto LNG Project. This follows an iFEED™ study and will use TechnipFMC's Subsea 2.0® system. The project will integrate with existing infrastructure previously supplied by TechnipFMC. The contract value ranges between $75 million and $250 million and will be recorded in Q2 2024 orders.
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