|Bid||25.10 x 800|
|Ask||25.13 x 3100|
|Day's Range||24.79 - 25.20|
|52 Week Range||18.20 - 33.60|
|Beta (3Y Monthly)||1.54|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.52 (2.10%)|
|1y Target Est||N/A|
TechnipFMC (FTI) (FTI) has been awarded significant(1) subsea contracts by Reliance Industries Limited for the MJ1 field located in deep water offshore India in the Krishna Godavari basin. These contracts cover the fabrication and installation of flexible risers, rigid and flexible flowlines and umbilicals. Arnaud Pieton, President Subsea at TechnipFMC, commented: “We are very honored to be associated with this prestigious natural gas project leading to further value creation.
TechnipFMC (FTI) (FTI) has agreed to resolutions with the U.S. Department of Justice (DOJ), the U.S. Securities and Exchange Commission (SEC) Staff and the Brazilian authorities (the Federal Prosecution Service (MPF), the Comptroller General of Brazil (CGU), and the Attorney General of Brazil (AGU)) to resolve anti-corruption investigations in Brazil and relating to the intermediary, Unaoil. The Company has agreed to pay a total of $301.3 million to these authorities to resolve investigations into conduct dating back over a decade ago.
TechnipFMC (FTI) (FTI) has been awarded a number of subsea contracts by Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, for its Mozambique Golfinho/Atum development. TechnipFMC was awarded a major(1) Contract for the Engineering, Procurement, Construction and Installation (EPCI) of the subsea hardware system through its wholly owned UAE incorporated subsidiary, Technip Middle East FZCO. TechnipFMC will execute the offshore installation scope with its consortium partner Van Oord, through their wholly owned UAE incorporated subsidiary, Van Oord Gulf FZE, and in cooperation with strategic major subcontractor, Allseas.
TechnipFMC (FTI) (FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by BP for the Thunder Horse South Expansion 2 Project located in the Gulf of Mexico. TechnipFMC will manufacture, deliver and install subsea equipment, including subsea tree systems, manifolds, flowline, umbilicals and subsea tree jumpers, pipeline end terminations, subsea distribution and topside control equipment. This is the second iEPCI™ awarded to TechnipFMC by BP following Atlantis Phase 3 in the first quarter of 2019.
LONDON & PARIS & HOUSTON-- -- Total Company inbound orders of $6.2 billion; book-to-bill of 2.1 Net income of $20.9 million and adjusted EBITDA of $295.8 million Updated 2019 financial guidance reflects strong orders and execution in Onshore/Offshore and lower North American activity in Surface Technologies Regulatory News: TechnipFMC plc today reported first quarter 2019 results. Total Company revenue ...
W. R. Grace & Co. (GRA) announced today that it has signed an agreement with TechnipFMC PLC (FTI) to jointly develop improved catalyst and process technology related to TechnipFMC Deep Catalytic Cracking (TDCC). TDCC is a high-severity fluid catalytic cracking process licensed by TechnipFMC and designed to produce very high yields of propylene and other petrochemical feedstocks. The collaboration will leverage Grace’s knowledge as the leading supplier of FCC catalysts and light-olefins additives as well as TechnipFMC’s significant experience in Deep Catalytic Cracking including process and mechanical know-how.
TechnipFMC (FTI.PA) (FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea at a water depth of 80 meters. This contract covers the delivery and installation of a subsea production system including installation of umbilical, rigid flowlines and associated subsea equipment. Arnaud Pieton, President Subsea at TechnipFMC, commented: “This is the first iEPCI™ award by ConocoPhillips.
HENDERSON, NV / ACCESSWIRE / April 9, 2019 / It was a week where the U.S. crude benchmark reached its highest point in five months, owing largely to production cuts from the OPEC-led group of exporters ...
TechnipFMC (FTI) (FTI) has been awarded a significant(1) contract for Lapa field by Total E&P do Brasil Ltda. The Lapa field is located in the pre-salt Santos Basin, under the BM-S-9A concession, at 2,150 meters of water depth offshore Brazil. The field will be connected to the FPSO(2) Cidade de Caraguatatuba, already in operation.
TechnipFMC (FTI.PA) (FTI) has been awarded a substantial(1) integrated Engineering, Procurement, Construction and Installation (iEPCITM) contract from Neptune Energy for the Duva and Gjøa P1 projects, located in the Norwegian sector of the North Sea at a water depth of 375 meters. The contract covers the delivery and installation of subsea equipment including umbilicals, rigid flowlines and subsea production system. Arnaud Piéton, President Subsea at TechnipFMC, commented: “These new iEPCITM awards by Neptune Energy are the first call offs from our recently signed Subsea Alliance Agreement which is based on early engagement and more collaboration and transparency between Operator and Contractor.
TechnipFMC has been awarded a large integrated Engineering, Procurement, Construction, Transportation and Installation contract by Eni for the Merakes project, located offshore Balikpapan Indonesia, at a water depth of approximately 1,500 meters.
TechnipFMC (FTI) (FTI) (ISIN:GB00BDSFG982) announced today a donation of $100,000 to assist disaster relief and recovery efforts following Cyclone Idai, which made landfall in Mozambique on March 14. The funds will be contributed to the Red Cross for ongoing rescue efforts and for shelter and basic commodities for the victims. TechnipFMC employees in Mozambique have all been reported safe.
TechnipFMC (FTI.PA) (FTI) (ISIN:GB00BDSFG982) has been awarded a significant(1) Subsea contract by Equinor for the Johan Sverdrup Phase 2 development, located in the Norwegian sector of the North Sea at a water depth of 120 meters. The contract covers the delivery and installation of the subsea production system including integrated template structures, manifolds, tie-in and controls equipment. Arnaud Piéton, President Subsea at TechnipFMC, commented: “We have collaborated closely with Equinor establishing a Strategic Collaboration Agreement in 2018.
TechnipFMC (FTI) (FTI) has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (MIDOR) for the modernization and expansion of their existing complex near Alexandria, Egypt. As previously stated, this major(1) EPC contract covers the debottlenecking of existing units, the delivery of new units including a Crude and Vacuum Distillation Unit, a hydrogen production facility based on our steam reforming technology, as well as various process units, interconnecting, offsites and utilities. (1) For TechnipFMC, a “major” contract is over $1 billion.
TechnipFMC (FTI) (FTI) (ISIN:GB00BDSFG982) has been awarded by BP a large(1) contract for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit to be deployed offshore on the maritime border of Mauritania and Senegal. This award is a continuation to the FEED (front end engineering design) contract awarded in April 2018. TechnipFMC will bring its expertise to deliver major projects, leveraging extensive experience with fabrication yards and from successful references for delivery of offshore gas monetization facilities such as Floating Liquid Natural Gas (FLNG), FPSO and conventional platforms.
NEW YORK, Feb. 26, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
LONDON & PARIS & HOUSTON-- -- Full-year Company orders of $14.3 billion, up 40 percent year-over-year Strong project execution drives early delivery of Yamal LNG Train 3 Non-cash after-tax asset impairment charges of $1.7 billion Full-year distributions of $681 million from dividends and share repurchase Regulatory News: TechnipFMC plc today reported fourth quarter 2018 results. Total Company revenue ...