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TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool. Celebrating the key moment on Wednesday, teammates proudly posed with the company’s first Subsea 2.0® tree mobilized for transport from...

TechnipFMC posts US$2.2B first quarter revenue

TechnipFMC reported total revenue of US$2,233.6 million in the first quarter of 2025, with net income (attributable to the company) of US$142 million, or US$0.33 per diluted share.  TechnipFMC said its after-tax charges and credits totaled US$0.9 million in expenses....

TechnipFMC secures US$1B contract for Shell’s Gato do Mato project

TechnipFMC has won a major integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract from Shell for the Gato do Mato greenfield development offshore Brazil. The project will incorporate TechnipFMC’s Subsea 2.0® configure-to-order subsea production systems, streamlining project management through a...

Exxon’s success in Guyana ‘set a standard’ for new oil markets – TechnipFMC Chief

Douglas Pferdehirt, Chief Executive Officer of TechnipFMC believes that emerging markets like Guyana, Namibia, Mozambique and Suriname, are bright spots for the offshore industry moving forward. Speaking at the Piper Sandler Energy Conference this week, the CEO said these...

TechnipFMC reports US$9.1 billion in revenue for 2024, secures record orders

TechnipFMC reported a strong financial performance for the full year 2024, with total revenue of US$9,083.3 million and net income attributable to the company of US$842.9 million, or US$1.91 per diluted share. After-tax charges and credits, including a gain...

TechnipFMC installs first subsea 2.0® equipment for Guyana’s Uaru project

TechnipFMC said it has achieved a milestone with the installation of its first Subsea 2.0® equipment in Guyanese waters.  “A tubing head for the Uaru development was successfully positioned using a Schilling UHD-II remotely operated vehicle (ROV). The first Subsea...

Saipem, TechnipFMC hired for subsea work on Block 58 development

Saipem and TechnipFMC said they were hired to undertake subsea work in support of the first oil development offshore Suriname. The Gran Morgu project is being pursued by TotalEnergies, in partnership with APA Corporation. The project will combine TechnipFMC’s subsea...

TechnipFMC posts solid Q3 2024 results, citing strong execution and growth prospects

TechnipFMC reported third-quarter 2024 revenues of US$2,348.4 million, with a net income of US$274.6 million, or US$0.63 per diluted share. Adjusted net income, which accounts for after-tax charges, was US$280.5 million, or US$0.64 per share. Key factors impacting adjusted...

TechnipFMC’s Brazil team completes “largest ever loadout” of manifolds for Exxon’s Yellowtail development 

Over 50 people from TechnipFMC’s Brazil team completed the load out of six manifolds for ExxonMobil’s fourth Stabroek Block development - Yellowtail.  According to TechnipFMC, it was the team’s largest ever, resulting from “teamwork, collaboration, and safety.”  The Yellowtail Development includes...

TechnipFMC seeks small bore welding services for Guyana projects

TechnipFMC, a global leader in oil and gas technology, has issued an Expression of Interest (EOI) for the provision of small bore welding services in Guyana.  This step demonstrates the company's ongoing commitment to the region as it backs ExxonMobil's...

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China to receive first direct crude oil shipment from Guyana in three years 

According to Quantum Commodity Intelligence, an independent price reporting agency, China is set to take delivery of its first...