TechnipFMC takes Q3 losses amid reduced activity in North Sea and Asia
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.
TechnipFMC
‘Feeling Fyne’: Firm led by former TechnipFMC exec plans development of North Sea field
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.
Jefferies – Global subsea capex hits highest quarterly level for two years
Global offshore and subsea capital expenditure (capex) recently hit its highest quarterly level for two years, according to an industry database.
TechnipFMC cuts Technip Energies stake, buys out JV
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 bids for two ScotWind sites, RWE participating in process
Magnora Offshore Wind has confirmed it has submitted applications to secure two plots of seabed off the coast of Scotland.
ScotWind – Who are the runners and riders vying to shape Scotland’s offshore wind sector?
Scotland's first offshore wind leasing round in more than a decade has closed to applicants.
TechnipFMC wins ‘significant’ contract for Tullow Jubilee South East off Ghana
TechnipFMC has been awarded a “significant” contract for the Tullow Oil Jubilee South East development offshore Ghana.
Petronas awards deep-water Limbayong deal to TechnipFMC
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.
TechnipFMC wins contract with Ithaca for Captain EOR project
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, Energies deny Mozambique reports
TechnipFMC has rejected some claims around its Mozambique LNG work.
TechnipFMC reports ‘exceptional start’ to 2021 as subsea orders double
TechnipFMC has marked what it described as an “exceptional start” to 2021 as subsea orders doubled from the end of last year.
TechnipFMC selling 14% of Technip Energies for £240million
TechnipFMC has announced it is selling 14% of spin-off Technip Energies in a share placing deal for over £240million.
EnerMech lands string of UK contracts worth ‘tens of millions’ of pounds
Aberdeen-headquartered engineering firm EnerMech has won a string of contracts for its UK operations worth “tens of millions” of pounds.
TechnipFMC ‘well-positioned’ to benefit from market improvements despite slumping to huge losses
Bosses at TechnipFMC are confident the energy services giant is “well-positioned” to benefit from the “improved market outlook” in the coming months.
TechnipFMC wins Malaysia deep-water deal
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.
Energean awards TechnipFMC subsea work
TechnipFMC has won subsea tie-back work on the NEA/NI project offshore Egypt.
TechnipFMC completes planned split
TechnipFMC has completed its promised spin-off transaction to create two independent, publicly traded companies.
Repsol Sinopec, Petrofac and TechnipFMC team up to offer quicker and cheaper tiebacks
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 to complete separation this month
TechnipFMC will complete its long-awaited separation into two distinct businesses later this month.
Plexus: Bilderbeek weighs fundraising options to ‘extend the runway’ for business
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 hits go on NEA/NI project
Energean has taken the final investment decision (FID) on its North El Amriya and North Idkunea (NEA/NI) subsea tieback, offshore Egypt.
TechnipFMC appoints new chief financial officer
TechnipFMC said today it had appointed Alf Melin as executive vice president and chief financial officer, effective January 25, 2021.
TechnipFMC restarts move to split into two companies
TechnipFMC has restarted its bid to split the business in two after the Covid-19 pandemic halted the process.
TechnipFMC to construct and test offshore green hydrogen production system
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.
Premier Oil proposes trio of new board appointments
London-listed Premier Oil this morning announced the proposed appointment of three additional directors to its board.