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TechnipFMC plc (symbol: FTI) is a global leader in subsea, onshore/offshore, and surface projects. The company utilizes proprietary technologies and production systems along with integrated expertise to provide comprehensive solutions, enhancing project economics for their clients. TechnipFMC is uniquely positioned to deliver greater efficiency across project lifecycles, from concept to project delivery and beyond. By leveraging innovative technologies and improved efficiencies, TechnipFMC unlocks new possibilities for clients in developing oil and gas resources.
Founded through the 2017 merger of Technip and FMC Technologies, TechnipFMC has become the largest pure-play offshore oilfield service provider. The company offers integrated deep-water offshore development solutions, covering the full spectrum of subsea equipment and subsea engineering and construction services. Additionally, the company provides various surface equipment used in onshore oil and gas wells.
TechnipFMC's core business revolves around delivering integrated solutions that challenge industry conventions and rethink how the best results are achieved. Each employee is driven by a steadfast commitment to clients and a culture of purposeful innovation, enhancing the performance of the world's energy industry.
To stay updated on TechnipFMC’s latest achievements and current projects, please visit technipfmc.com.
TechnipFMC plc (NYSE: FTI) has announced a quarterly cash dividend of $0.05 per share. The dividend will be payable on September 4, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on August 20, 2024. The ex-dividend date is also set for August 20, 2024. This announcement demonstrates TechnipFMC's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite challenging market conditions in the energy sector.
TechnipFMC (NYSE: FTI) has secured a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract from Energean for the Katlan development in the Mediterranean Sea. This project marks Energean's first use of TechnipFMC's configure-to-order Subsea 2.0® production systems. The contract, valued between $500 million and $1 billion, covers the design, manufacture, and installation of production systems, pipe, umbilicals, and subsea structures.
The subsea infrastructure will connect to the Energean Power floating production, storage, and offloading vessel (FPSO), which currently serves the Karish and Karish North developments. TechnipFMC's integrated approach, combining iFEED® for optimized field layout with Subsea 2.0® platform and iEPCI™ execution model, is expected to accelerate time to first production at Katlan.
TechnipFMC (NYSE: FTI) will release its second quarter 2024 earnings on Thursday, July 25, 2024.
The earnings conference call is scheduled for 1:30 p.m. London time (8:30 a.m. New York time). The press release announcing the results will be issued earlier at approximately 11:45 a.m. London time (6:45 a.m. New York time).
The event will be webcast live and accessible via the company's Investor Relations website or a specified link. An archived version of the webcast will be available afterwards.
TechnipFMC (NYSE: FTI) announced that Chair and CEO Doug Pferdehirt will address attendees at the J.P. Morgan 2024 Energy, Power and Renewables Conference.
The event will take place on June 17-18, 2024, at the InterContinental New York Barclay. Pferdehirt's address is scheduled for June 18 at 1:45 p.m. EDT.
A live webcast of the event will be available on the company's Investor Relations website, and an audio replay will be accessible after the event. No presentation materials will be provided.
TechnipFMC (NYSE: FTI) has secured a significant iEPCI™ contract from Woodside Energy (LON: WDS) for the Xena Phase 3 development in Australia. The contract entails design, manufacturing, and installation of the subsea production system, flexible pipe, and umbilicals for the Xena Infill well (XNA03), supporting the Pluto LNG Project. This follows an iFEED™ study and will use TechnipFMC's Subsea 2.0® system. The project will integrate with existing infrastructure previously supplied by TechnipFMC. The contract value ranges between $75 million and $250 million and will be recorded in Q2 2024 orders.
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