TechnipFMC posts £2.4billion losses for first half of 2020
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
TechnipFMC wins Egyptian hydrocracking work
TechnipFMC has won work to build a new hydrocracking complex for the Assiut refinery, in Egypt.
TechnipFMC to cut around 60 Fife jobs in ‘hammer blow’ for workers
TechnipFMC plans to cut around 60 jobs in Fife after the price of oil and gas plummeted.
TechnipFMC secures £150m worth of work with Equinor
Equinor has awarded £150 million worth of work to TechnipFMC for three projects offshore Norway.
Offshore worker hospitalised with ‘crushing injury’ at North Sea field
An offshore worker has been hospitalised after sustaining a “crushing injury” at a North Sea oilfield.
JGC positive on Middle Eastern contracts
Japan’s JGC remains positive about receiving the go ahead for work in Qatar, Iraq, Oman and Mozambique.
Majority of TechnipFMC UK job cuts to impact Aberdeenshire workforce
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.
TechnipFMC blames ‘volatile’ market as UK jobs expected to follow Norway cull
Oilfield services firm TechnipFMC is understood to be following up hundreds of job losses across its sites in Norway with scores of UK redundancies.
TechnipFMC records loss of £2.59bn in first quarter
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.
Employee safety ‘paramount’ after TechnipFMC confirms virus cases on North Sea vessel
TechnipFMC has said employee safety is of “paramount importance” after confirming a virus outbreak on board one of its North Sea vessels.
Exxon pushes back Rovuma LNG decision, again
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.
TechnipFMC announces plan to cut spending by a third due to coronavirus
Energy services firm TechnipFMC has announced a reduction in spending of more than 30% in response to the coronavirus outbreak.
TechnipFMC delays split until market improves
Energy services firm TechnipFMC said this evening that its split into two separate companies would be delayed due to recent market turmoil.
TechnipFMC inks multi-million deal with BP in Angola
French oilfield services firm TechnipFMC has announced a multi-million pound deal with BP in Angola.
TechnipFMC wins FEED work on Etinde
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 wins Mozambique LNG work
Worley has won two master service agreements (MSAs) from Total for work on the Mozambique LNG project.
Exclusive: Halliburton-TechnipFMC merger could spell ‘inevitable’ North Sea job losses
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.
Halliburton-TechnipFMC deal: ‘Creating another giant’ comes with uncertainty, experts claim
North Sea job losses could be a potential outcome of “creating another giant” in the oilfield services sector, a top energy consultant said yesterday,
TechnipFMC braces Wall Street for $2.4bn write down in Q4
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.
Coronavirus threatens Karish development
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.
Workforce grows as Boskalis dives deeper into subsea market
Boskalis Subsea is once again aiming to boost its north-east workforce, just a year after unveiling new offices in Westhill.
Tata Steel wins three contracts with TechnipFMC
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.
Exclusive interview: Renewable future may be very good for subsea
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.
Transformation on the cards for struggling offshore supply chain, Woodmac says
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.
Consultancy Genesis says margins remain under pressure amid stiff competition
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.