Amid faltering TEN expansion, Tullow accelerates Jubilee SE
Tullow Oil expects to begin drilling wells on Jubilee South East this quarter, with the aim of boosting production beyond 100,000 barrels per day in 2025.
TechnipFMC
TechnipFMC profits rise on ‘record’ subsea orders
TechnipFMC (PAR:FTI) continues its profitable run, reporting steady revenue and a record subsea orderbook. It will now look to offshore and Middle East oil and gas projects to drive performance in the coming years.
TechnipFMC announces ‘significant’ contract for Shell Jackdaw
TechnipFMC (NYSE: FTI) has announced a “significant” contract to support the Shell (LON:SHEL) Jackdaw development in the UK North Sea.
Industry in ‘full growth mode’ as TechnipFMC launches $400m buyback programme
TechnipFMC (NYSE: FTI) said a 10% upswing in revenue showed the energy industry was poised for growth, as the group looks to cut debt and buy back “undervalued” shares.
Neptune Energy picks TechnipFMC to carry out technical services
North Sea operator Neptune Energy has handed a contract to TechnipFMC to carry out work in Norway.
Video: Tailwind sees Evelyn and Gannet E expansion projects in North Sea take shape
A video has been released showing work taking shape on the Tailwind Energy-operated Evelyn development and the Gannet E expansion project in the North Sea.
TechnipFMC takes $1.9bn worth of subsea orders in Q1
Energy services giant TechnipFMC bagged $1.9 billion of subsea orders in the first quarter of the year.
Energean sees landmark 2022 with Karish, dividends starting
Energean almost doubled its adjusted EBITDAX in 2021, from 2020, and expects first gas from its Karish project in the third quarter of this year.
Ithaca Energy and Hibiscus go with Piper Bravo for new North Sea project
The Piper Bravo platform is being moved ahead as the preferred option to develop a joint Hibiscus and Ithaca Energy project in the North Sea.
Opportunities abound as Asia Pacific set for $4 billion subsea spend in 2022
Subsea opportunities will be plentiful in Asia Pacific over the coming years as international oil companies (IOCs) and national oil companies (NOCs) advance a backlog of projects, while offshore wind developers accelerate activity across the region.
TechnipFMC lands large contract for Petrobras Buzios 6 field off Brazil
TechnipFMC has won a “large” engineering, procurement, construction and installation (EPCI) deal with Petrobras for the Buzios development off Brazil.
ScotWind – Who’s in the running with the results due imminently?
The results of Scotland's first offshore wind leasing round in more than a decade are expected to be released in a matter of days.
TechnipFMC de-lists from Euronext, sells £100m stake in TechnipEnergies
TechnipFMC has decided to de-list from the Euronext Paris after selling off a chunk of its holding in spin-off firm TechnipEnergies.
Technip Energies, TechnipFMC take Adnoc work
Technip Energies has won work to update the front-end engineering design (FEED) on the Ghasha mega project. Meanwhile, TechnipFMC has won a contract worth more than $1 billion from Adnoc.
‘Game changer’: Energy services giant TechnipFMC invests in Orkney tidal power firm
An Orkney tidal power firm has gained the backing of energy services giant TechnipFMC to scale up its technology.
TechnipFMC wins large contract with ExxonMobil for work off Guyana
TechnipFMC (NYSE: FTI) (PARIS: FTI) has bagged a major contract with ExxonMobil (NYSE: XOM) for work in the Stabroek block, offshore Guyana.
Energean faces termination claim at Karish
Israeli power producer Dalia Power Energies has opted to terminate its gas purchase from Energean’s Karish and Tanin developments.
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.
‘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.
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.