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TechnipFMC halts split over COVID-19, worsening market conditions

OilNOW -
TechnipFMC reported Sunday that it has put its planned separation into two companies on hold. According to a report from Rigzone, TechnipFMC noted the COVID-19 pandemic, plummeting commodity prices and greater equity market volatility have created market conditions that...
News

TechnipFMC warns of impairment impact

OilNOW -
(Market Watch) TechnipFMC PLC (FTI.FR) said late Monday in its preliminary results that revenue for the full year is expected to meet guidance and that it expects impairment charges to impact the fourth quarter. The London-based oil-and-gas company said revenues...
News

Technip Energies will be the future name of SpinCo – TechnipFMC

OilNOW -
TechnipFMC said on Thursday a new and important step has been taken in the process of launching the leading engineering and construction (E&C) player – Technip Energies – which is poised to capitalize on the global energy transition, as...
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TechnipFMC’s 600th subsea tree arrives in Brazil for installation at Guyana’s Liza field

OilNOW -
UK based oil services company TechnipFMC recently celebrated the delivery of the company's 600th subsea tree in Brazil, which will be installed at ExxonMobil’s Liza field offshore Guyana. The event, which took place at the company’s assembly plant in Rio...
News

TechnipFMC to separate into two companies

OilNOW -
TechnipFMC plc (NYSE: FTI) (Paris: FTI) on Monday said is its Board of Directors had unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies: RemainCo, a fully-integrated technology and services provider, continuing to drive energy development;...
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TechnipFMC wins Shell subsea contract

OilNOW -
TechnipFMC (NYSE: FTI) (Paris: FTI) has been awarded a significant integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by Shell for the PowerNap project, located in the Gulf of Mexico. TechnipFMC will design, manufacture and install subsea hardware, including subsea...
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TechnipFMC bags India subsea contract

OilNOW -
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded subsea contracts by Reliance Industries Limited for the MJ1 field located in deep water offshore India in the Krishna Godavari basin. The company says these contracts cover the fabrication and installation of...
News

Anadarko taps TechnipFMC for major subsea contract

OilNOW -
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a number of subsea contracts by Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, for its Mozambique Golfinho/Atum development. TechnipFMC was awarded a major Contract for the...
News

TechnipFMC secures contract iEPCI contract for TOR development

OilNOW -
TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea at a water depth of 80 meters. This contract...
News

TechnipFMC secures subsea contract for Lapa Pre-Salt Field in Brazil

OilNOW -
UK-based TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a contract for the Lapa field by Total E&P do Brasil Ltda on behalf of the Lapa Field Consortium, comprised of Total (35%), Shell Brasil Petróleo Ltda. (30%), Repsol Sinopec Brasil...
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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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