TechnipFMC has recorded pre-tax losses of £2.4bn for the first half of 2020 thanks to heavy write-downs of its oil and gas assets.
TechnipFMC has won work to build a new hydrocracking complex for the Assiut refinery, in Egypt.
TechnipFMC plans to cut around 60 jobs in Fife after the price of oil and gas plummeted.
Equinor has awarded £150 million worth of work to TechnipFMC for three projects offshore Norway.
An offshore worker has been hospitalised after sustaining a “crushing injury” at a North Sea oilfield.
Japan’s JGC remains positive about receiving the go ahead for work in Qatar, Iraq, Oman and Mozambique.
TechnipFMC UK job cuts are to largely impact its subsea workforce in the north-east as the lion’s share of proposed redundancies have been served to Westhill staff.
Oilfield services firm TechnipFMC is understood to be following up hundreds of job losses across its sites in Norway with scores of UK redundancies.
Hefty impairments plunged TechnipFMC into the red in the first quarter of 2020 as the energy services firm felt the impact of the oil price slump and Covid-19 outbreak.
TechnipFMC has said employee safety is of “paramount importance” after confirming a virus outbreak on board one of its North Sea vessels.
ExxonMobil’s decision to slash capital expenditure this year by 30% has pushed back a final investment decision (FID) on the Rovuma LNG project, in Mozambique.
Energy services firm TechnipFMC has announced a reduction in spending of more than 30% in response to the coronavirus outbreak.
Energy services firm TechnipFMC said this evening that its split into two separate companies would be delayed due to recent market turmoil.
French oilfield services firm TechnipFMC has announced a multi-million pound deal with BP in Angola.
TechnipFMC has won lead front-end engineering design (FEED) work on the development of the IM gas condensate field, offshore Cameroon, Bowleven has reported.
Worley has won two master service agreements (MSAs) from Total for work on the Mozambique LNG project.
North-east job losses are thought to be “inevitable” if a potential merger involving two offshore giants takes place, a union boss warned last night.
North Sea job losses could be a potential outcome of “creating another giant” in the oilfield services sector, a top energy consultant said yesterday,
Global oilfield service giant TechnipFMC has warned Wall Street to brace for a $2.4 billion hit to the value of the company's assets when it releases its fourth-quarter and 2019 reports Feb. 26.
Energean Oil and Gas has issued a warning of the potential impact of the novel Coronavirus on the construction, and therefore timetable, of the hull for its floating production, storage and offloading (FPSO) vessel for its Karish field.
Boskalis Subsea is once again aiming to boost its north-east workforce, just a year after unveiling new offices in Westhill.
Tata Steel, one of Europe's leading steel producers, has secured three separate contracts with TechnipFMC for work in the UK North Sea, further building on the relationship between the two companies.
On the face of it, the UK-based subsea sector appears to be faring reasonably well. This is despite lingering impacts from the 2014-17 oil and gas slump, mounting pressures from the climate change crisis and major geopolitical forces at work.
With margins staying “razor thin” and cost pressures continuing to bear down, the offshore supply chain may take on a “whole new look” this year, according to a Wood Mackenzie analyst.
A global oil and gas consultancy with a base in north-east Scotland has blamed stiff competition for a near doubling of its pre-tax losses.