TechnipFMC plc Ordinary Share - FTI STOCK NEWS

TechnipFMC (NYSE:FTI) has signed a Memorandum of Understanding (MoU) with McPhy, a leader in carbon-free hydrogen solutions. This collaboration aims to develop technology for hydrogen production and distribution, aligning with TechnipFMC's commitment to support the energy transition. TechnipFMC's Technip Energies segment, a market leader in hydrogen technology, will focus on manufacturing hydrogen electrolysis and distribution systems. The agreement also includes an equity investment in McPhy, enhancing TechnipFMC's growth prospects in the green hydrogen sector.

TechnipFMC plc (NYSE: FTI) announced a notification of major interests in shares from BlackRock, Inc. The investment firm has decreased its holdings, crossing below the 5% threshold in voting rights on October 9, 2020. Previously, BlackRock's stake stood at 5.02%, comprising 4.31% via shares and 0.71% through financial instruments. The company has been transparent about its positions, indicating ongoing regulatory compliance. This reduced stake may signal a shift in investment strategy or market outlook for TechnipFMC.

TechnipFMC plc (FTI) received a notification of major interests in shares from Norges Bank, indicating an acquisition of voting rights. On October 9, 2020, Norges Bank crossed a threshold, acquiring 3.13% of voting rights, totaling 14,087,530 shares out of 449,408,233 voting rights. This significant stake reflects an important movement in the company's shareholder structure. The notification was completed on October 12, 2020, highlighting Norges Bank's position as a key stakeholder in the company.

TechnipFMC (NYSE: FTI) has announced the appointment of Arnaud Pieton as President and CEO-elect of Technip Energies and Jonathan Landes as President, Subsea, effective immediately. Pieton, with the company since 2004, previously served as President, Subsea, while Landes brings 25 years of energy sector experience. These changes follow the resignation of Catherine MacGregor, who is joining Engie. Chairman Doug Pferdehirt expressed confidence in Pieton’s ability to drive project performance and highlighted Landes’ commitment to client success.

TechnipFMC (NYSE: FTI) announces the appointment of Margareth Øvrum, former Executive Vice President of Equinor ASA, to its Board of Directors effective October 1, 2020. Doug Pferdehirt, Chairman and CEO, emphasized Øvrum's extensive experience in technology, projects, and sustainability, which is expected to enhance the board's expertise. Øvrum brings 38 years of experience from Equinor, contributing leadership across various roles, including President of Equinor Brazil. This strategic addition aims to strengthen TechnipFMC’s capabilities in the energy sector.

TechnipFMC (NYSE:FTI) has secured a large contract from Esso Exploration and Production Guyana Limited, a subsidiary of Exxon Mobil Corporation, for the subsea system for the Payara project. This includes the production of 41 enhanced vertical deep water trees, six flexible risers, and ten manifolds along with associated equipment. The contract is valued between $500 million and $1 billion and signifies a continued partnership with ExxonMobil, enhancing TechnipFMC's presence in Guyana while supporting local engineering talent development.

TechnipFMC plc (NYSE: FTI) reported that as of September 29, 2020, it has 449,408,233 ordinary shares of USD 1.00 each in circulation, with no shares held in treasury. This total number comprises the voting rights available to shareholders, which can be used for interest notifications as stipulated by the Disclosure Guidance and Transparency Rules. TechnipFMC is a key player in the energy sector, offering innovative technologies and services across its business segments: Subsea, Surface Technologies, and Technip Energies.

TechnipFMC (NYSE:FTI) will announce its third quarter 2020 earnings after the NYSE close on October 21, 2020. A teleconference to discuss the earnings will be held on October 22, 2020, at 1 p.m. London time (8 a.m. New York time). Participants can join the call using designated numbers from France, the UK, and the US. The webcast will be available on the company’s website. An audio replay will be accessible by 8 p.m. London time on the same day. TechnipFMC excels in the energy industry with projects, products, and technologies to enhance economic efficiency.

TechnipFMC (NYSE:FTI) has secured a significant contract from Shell for the Engineering, Procurement, and Fabrication of proprietary equipment for eight ethylene furnaces at the Moerdijk petrochemical complex in the Netherlands. This upgrade is set to replace 16 older units without reducing capacity, enhancing energy efficiency while cutting greenhouse gas emissions by 10% annually. The project will allow continued operation during the upgrade phase, demonstrating TechnipFMC's leadership in ethylene technology.