TechnipFMC (NYSE: FTI) stayed in the red in Q3, with pre-tax losses of $26.7m, as market momentum in the North Sea and Asia slowed.
A company led by the former subsea president of TechnipFMC has acquired the entire stake of the Fyne field in the UK North Sea, with plans to push ahead with development.
Global offshore and subsea capital expenditure (capex) recently hit its highest quarterly level for two years, according to an industry database.
TechnipFMC is placing around 9% of Technip Energies outstanding shares through a private placement, while also bringing more focus to bear on its integrated service model.
Magnora Offshore Wind has confirmed it has submitted applications to secure two plots of seabed off the coast of Scotland.
Scotland's first offshore wind leasing round in more than a decade has closed to applicants.
TechnipFMC has been awarded a “significant” contract for the Tullow Oil Jubilee South East development offshore Ghana.
TechnipFMC will carry out the engineering, procurement, construction, installation and commissioning contract for the subsea production system, umbilical, riser and flowline (SURF) at Petronas’ Limbayong deep-water development offshore Malaysia.
Energy service firm TechnipFMC has clinched a contract with Ithaca Energy for the Captain enhanced oil recovery (EOR) project in the UK North Sea.
TechnipFMC has rejected some claims around its Mozambique LNG work.
TechnipFMC has marked what it described as an “exceptional start” to 2021 as subsea orders doubled from the end of last year.
TechnipFMC has announced it is selling 14% of spin-off Technip Energies in a share placing deal for over £240million.
Aberdeen-headquartered engineering firm EnerMech has won a string of contracts for its UK operations worth “tens of millions” of pounds.
Bosses at TechnipFMC are confident the energy services giant is “well-positioned” to benefit from the “improved market outlook” in the coming months.
UK-based engineering giant TechnipFMC has won a deal worth between $250 million and $500 million for a key contact at the Petronas-operated Limbayong deep-water development offshore Malaysia.
TechnipFMC has won subsea tie-back work on the NEA/NI project offshore Egypt.
TechnipFMC has completed its promised spin-off transaction to create two independent, publicly traded companies.
A new alliance has been formed giving North Sea oil firms a quicker and cheaper means of developing their fields using platforms owned by Repsol Sinopec Resources UK (RSRUK).
TechnipFMC will complete its long-awaited separation into two distinct businesses later this month.
Plexus CEO Ben van Bilderbeek is weighing fundraising options to “extend the runway” for the business, which has been faced with years of losses but may now be on the verge of success.
Energean has taken the final investment decision (FID) on its North El Amriya and North Idkunea (NEA/NI) subsea tieback, offshore Egypt.
TechnipFMC said today it had appointed Alf Melin as executive vice president and chief financial officer, effective January 25, 2021.
TechnipFMC has restarted its bid to split the business in two after the Covid-19 pandemic halted the process.
TechnipFMC will lead a consortium made up of some of the biggest names in renewables to construct and test its new offshore green hydrogen production system.
London-listed Premier Oil this morning announced the proposed appointment of three additional directors to its board.