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

OilNOW -
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...
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Saipem, TechnipFMC hired for subsea work on Block 58 development

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

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

OilNOW -
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...
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TechnipFMC seeks small bore welding services for Guyana projects

OilNOW -
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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TechnipFMC secures subsea contracts from Petrobras for Brazil’s pre-salt fields

OilNOW -
TechnipFMC has been awarded two significant subsea contracts by Petrobras to support Brazil’s pre-salt offshore fields. The first contract, valued between US$250 million and US$500 million, involves the design, engineering, and manufacturing of riser flexible pipe. It also includes associated...
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Guyana to take 35% of TechnipFMC’s subsea tree supply through 2029 – Rystad Energy

OilNOW -
TechnipFMC is expected to supply 400 subsea trees in the period 2024-2029, with 35% for ExxonMobil’s developments in Guyana. Highlighting this in an August 12 release, Rystad Energy indicated that Guyana and Brazil will account for 57% of the supply...
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TechnipFMC Q2 earnings surge on Whiptail contract boost

OilNOW -
TechnipFMC reported a significant earnings boost in the second quarter, driven by strong operational performance and key project awards, including the Whiptail project in Guyana. The company’s total revenue reached US$2,325.6 million, with net income at US$186.5 million, or...
News

TechnipFMC secures major subsea contract for Exxon’s Whiptail project

OilNOW -
TechnipFMC has been awarded a large contract in Guyana’s Stabroek Block by ExxonMobil Guyana to supply subsea production systems for the Whiptail project. The contract value is between US$500 million and US$1 billion. This follows the greenlighting of the project...
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TechnipFMC gets ‘significant’ Gulf of Mexico contract from bp

OilNOW -
TechnipFMC said it has been awarded a significant contract by bp for its Argos Southwest Extension project in the Mad Dog field. Significant contracts, according to TechnipFMC, are valued between US$75 million and US$250 million. Guyana among major oil producers driving...
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Suriname President announces 2026 launch of National Local Content Program in first annual address

PARAMARIBO, SURINAME - In her first annual address to Parliament, President Jennifer Geerlings-Simons announced that Suriname will launch a...

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