TechnipFMC Awarded 'Significant' iEPCI Contract By Woodside Energy For Xena Phase 3 Development; "For TechnipFMC, A 'Significant' Contract Is Between $75M-$250M"

5/13/24 4:36:03 PM ET

Metal Fabrications

Industrials

Get the next $FTI alert in real time by email

TechnipFMC (NYSE:FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Woodside Energy (LON: WDS) in Australia.

TechnipFMC will design, manufacture, and install the subsea production system, flexible pipe, and umbilicals for the Xena Infill well (XNA03) to support ongoing production from the Pluto LNG Project. The award follows an integrated front end engineering design (iFEED™) study.

Get the next $FTI alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$FTI

Date	Price Target	Rating	Analyst
11/18/2024	$37.00	Outperform	RBC Capital Mkts
10/29/2024	$32.00	Hold → Buy	HSBC Securities
10/25/2024	$35.00 → $37.00	Buy	TD Cowen
2/23/2024		Buy → Hold	HSBC Securities
2/23/2024	$26.00 → $28.00	Outperform	TD Cowen
11/6/2023	$23.50	Outperform → Neutral	Exane BNP Paribas
10/13/2023	$18.00 → $22.00	Buy → Hold	Jefferies
8/1/2023	$19.50	Buy → Hold	Kepler

More analyst ratings

$FTI
Press Releases

Fastest customizable press release news feed in the world

TechnipFMC Awarded Major iEPCI™ Contract for TotalEnergies' GranMorgu Development Offshore Suriname
TechnipFMC (NYSE:FTI) ("the Company") has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname. This iEPCI™ award supports the development of an emerging frontier and is enabled by the Company's vessel ecosystem. The project will combine TechnipFMC's leading subsea architecture with Saipem's (MILAN:SPM) EPCI solutions and best-in-class pipelay capabilities—notably J-Lay, the optimal solution given the location offshore Suriname—to accelerate time to first oil and increase schedule certainty. TechnipFMC's contracted scope for
11/14/24 1:10:00 AM ET
$FTI
Metal Fabrications
Industrials
TechnipFMC to Speak at BofA Securities Global Energy Conference 2024
TechnipFMC (NYSE:FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will speak at the BofA Securities Global Energy Conference on Wednesday, November 13, 2024, at 8:50 a.m. CT in Houston, TX. The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. There will be no presentation materials associated with the event. An audio replay of the webcast will be available on this website for one year. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies and comprehe
11/7/24 4:15:00 PM ET
$FTI
Metal Fabrications
Industrials
TechnipFMC and Prysmian Announce Floating Offshore Wind Collaboration Agreement
TechnipFMC (NYSE:FTI) and Prysmian (MILAN: PRY) today announced the two companies have signed a collaboration agreement to further accelerate the global development of floating offshore wind to help meet growing demand for renewable electricity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241104663469/en/ The collaboration agreement brings together the technologies and competencies of these two offshore industry leaders, providing the unique capabilities to pioneer a complete water column solution, from seabed to ocean surface. The collaboration will leverage the unparalleled expertise of TechnipFMC's system design and integra
11/4/24 3:00:00 AM ET
$FTI
Metal Fabrications
Industrials

$FTI
Financials

Live finance-specific insights

TechnipFMC Announces Third Quarter 2024 Results
Total Company backlog reached record of $14.7 billion; Subsea new record of $13.7 billion Share repurchase authorization increased by $1 billion Subsea financial guidance increased for 2025 TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported third quarter 2024 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. Three Months Ended Change (In millions, except per share amounts) Sep. 30, 2024 Jun. 30, 2024 Sep. 30, 2023 Sequential Year-over- Year Revenue $2,348.4 $2,325.6 $2,056.9 1.0% 14.2% Ne
10/24/24 6:45:00 AM ET
$FTI
Metal Fabrications
Industrials
TechnipFMC Announces Quarterly Dividend and Additional $1 Billion Share Repurchase Authorization
TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on December 4, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on November 19, 2024, which is also the ex-dividend date. The Board has also authorized additional share repurchases of up to $1 billion. Together with the existing program, the Company is now authorized to repurchase shares of up to $1.2 billion, representing more than 10 percent of the Company's outstanding shares at today's closing price. Since the initial share repurchase authorization in July 2022, the Company has returned more tha
10/23/24 4:15:00 PM ET
$FTI
Metal Fabrications
Industrials
TechnipFMC Announces Third-Quarter 2024 Earnings Release and Conference Call
TechnipFMC (NYSE:FTI) will host its third-quarter 2024 earnings conference call on Thursday, October 24, 2024, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed via the Investor Relations website or by registering here. A replay of the webcast will be available on the website following the event. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies a
9/12/24 4:15:00 PM ET
$FTI
Metal Fabrications
Industrials

$FTI
Leadership Updates

Live Leadership Updates

TechnipFMC Appoints Robert G. Gwin to its Board of Directors
TechnipFMC (NYSE:FTI) (the "Company") today announced that Robert G. Gwin, former President of Anadarko Petroleum Corporation, has been appointed to its Board of Directors, effective February 1, 2023. The Company also announced that Peter Mellbye will retire from the Board and will not stand for re-election at the Company's next annual general meeting. Doug Pferdehirt, Chair and CEO of TechnipFMC, stated: "Since joining the Board in 2013, Peter has been a tremendous leader, partner and contributor. We have greatly benefitted from his leadership during the evolution of our company and wish him well in his retirement." Mr. Pferdehirt continued, "I am delighted to welcome Bob to the Board. He
1/31/23 5:59:00 PM ET
$FTI
Metal Fabrications
Industrials
TechnipFMC Appoints Sophie Zurquiyah to its Board of Directors
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced that Sophie Zurquiyah, Chief Executive Officer of CGG S.A., has been appointed to its Board of Directors and Audit Committee, effective April 1, 2021. Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated: “I am delighted to welcome Sophie to the Board. She brings a depth of knowledge to our Board, established over 30 years in our industry. With a background in geophysics, technology, sustainability, and digital transformation, Sophie is a proven global business leader who has experience as an executive and board member with international public compa
3/1/21 4:15:00 PM ET
$FTI
Metal Fabrications
Industrials
TechnipFMC Completes Separation of Two Industry-Leading, Independent, Publicly Traded Companies
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN:GB00BDSFG982) TechnipFMC today announced the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies technical reference price was set at €9.00 ahead of its direct listing on the Euronext Paris Exchange where it will trade under the symbol “TE”.1 Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated: “I am delighted to announce the successful completion of the separation transaction. As the market leader and industry’s only fully integr
2/15/21 4:15:00 PM ET
$FTI
Metal Fabrications
Industrials

TechnipFMC Awarded 'Significant' iEPCI Contract By Woodside Energy For Xena Phase 3 Development; "For TechnipFMC, A 'Significant' Contract Is Between $75M-$250M"

Chat with this insight

Recent Analyst Ratings for $FTI

$FTI SEC Filings

SEC Form 10-Q filed by TechnipFMC plc

TechnipFMC plc filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by TechnipFMC plc

$FTI Market Insights

Live Market Insights

TechnipFMC FY24 Guidance: Subsea Revenue Raised To $7.6B-$7.8B (Prior $7.2B-$7.6B) And Surface Technologies Of $1.2B-$1.35B; And Free Cash Flow Raised To $425M-$575M

TechnipFMC Q2 2024 Adj EPS $0.43 Beats $0.31 Estimate, Sales $2.325B Beat $2.236B Estimate

TechnipFMC Awarded $250M-$500M Contract By Petrobras For Flexible Pipe Supply For Pre-Salt Fields Offshore Brazil; Contract Includes Design, Engineering, And Manufacture For Water Injection And Gas Lift; Recognized In Q2 2024 Inbound Orders

$FTI Press Releases

Fastest customizable press release news feed in the world

TechnipFMC Awarded Major iEPCI™ Contract for TotalEnergies' GranMorgu Development Offshore Suriname

TechnipFMC to Speak at BofA Securities Global Energy Conference 2024

TechnipFMC and Prysmian Announce Floating Offshore Wind Collaboration Agreement

$FTI Financials

Live finance-specific insights

TechnipFMC Announces Third Quarter 2024 Results

TechnipFMC Announces Quarterly Dividend and Additional $1 Billion Share Repurchase Authorization

TechnipFMC Announces Third-Quarter 2024 Earnings Release and Conference Call

$FTI Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

RBC Capital Mkts initiated coverage on TechnipFMC with a new price target

TechnipFMC upgraded by HSBC Securities with a new price target

TD Cowen reiterated coverage on TechnipFMC with a new price target

$FTI Leadership Updates

Live Leadership Updates

TechnipFMC Appoints Robert G. Gwin to its Board of Directors

TechnipFMC Appoints Sophie Zurquiyah to its Board of Directors

TechnipFMC Completes Separation of Two Industry-Leading, Independent, Publicly Traded Companies

$FTI Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by TechnipFMC plc

Amendment: SEC Form SC 13G/A filed by TechnipFMC plc

Amendment: SEC Form SC 13G/A filed by TechnipFMC plc

$FTI Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

EVP, New Energy Duffe Luana covered exercise/tax liability with 5,682 units of Ordinary Shares, decreasing direct ownership by 6% to 84,976 units (SEC Form 4)

EVP, People & Culture Dos Santos Iannone Valeria Augusta was granted 4,843 units of Ordinary Shares, increasing direct ownership by 38% to 17,497 units (SEC Form 4)

New insider Dos Santos Iannone Valeria Augusta claimed ownership of 12,654 units of Ordinary Shares (SEC Form 3)

Recent Analyst Ratings for
$FTI

$FTI
SEC Filings

$FTI
Market Insights

$FTI
Press Releases

$FTI
Financials

$FTI
Analyst Ratings

$FTI
Leadership Updates

$FTI
Large Ownership Changes

$FTI
Insider Trading