Latest news with #TechnipFMC
Zawya
2 days ago
- Business
- Zawya
OGV Group to Position Aberdeen as Gateway for African Energy Deals at West African Energy Summit (WAES) 2025
Aberdeen will host the West African Energy Summit (WAES) from November 18-19, 2025, positioning the city as a global hub for service companies looking to forge long-term partnerships with Africa's energy markets. Organized by OGV Group, the summit will bring together upstream operators, financial institutions, technology providers and policy leaders to drive investment and collaboration across the continent's dynamic energy sector. WAES 2025 builds on decades of cooperation between Aberdeen and African markets. As one of the world's foremost centers of oil and gas innovation, Aberdeen has played an instrumental role in shaping Africa's upstream and offshore industries. Global service companies based in the city – including SLB, TechnipFMC, Subsea7 and Aker Solutions – continue to deliver cutting-edge technology, project management excellence and workforce development to support Africa's growing energy sector. SLB continues to deliver transformative value in Africa through its Integrated Performance Excellence Center in Luanda, Angola, driving project optimization across the full asset lifecycle. In Libya, the company's operations have delivered a combined 100,000 barrels per day of new production, underpinned by advanced drilling and reservoir technologies developed in Aberdeen. Likewise, TechnipFMC has become a cornerstone of Africa's deepwater growth. With a major engineering center in Aberdeen, the company supports high-profile projects such as Nigeria's $5 billion Bonga North field, Angola's Ndungu development and Mozambique's Coral South LNG. Meanwhile, Subsea7 and Aker Solutions have deepened their African engagement with the objective of maximizing local content and knowledge transfer. Subsea7 recently secured up to $150 million in new contracts for subsea pipeline installation across West Africa while Aker Solutions has renewed a long-term services contract with Azule Energy in Angola. These efforts are supported by longstanding human capital development programs, with Aberdeen and nearby Dundee having trained hundreds of African engineers, technicians and project managers, creating a robust skills pipeline that benefits both continents. This legacy of collaboration is foundational to the African Energy Chamber's (AEC) vision for sustainable, Africa-led energy growth. As such, WAES 2025 is set to build on these relationships by providing a platform for new deals, strategic dialogue and cross-continental investment. By bringing together upstream operators, financial institutions, technology providers and policy leaders, the summit will showcase Africa's $43 billion in projected oil and gas capital expenditure for 2025. Emerging opportunities in LNG, hydrogen and renewables will also take center stage. To further strengthen these ties, NJ Ayuk, Executive Chairman of the AEC will visit Aberdeen on July 11, 2025, ahead of WAES and the upcoming African Energy Week: Invest in African Energies conference – taking place in Cape Town from September 29 to October 3. Ayuk will speak at the OGV Taproom, located at the heart of Aberdeen's innovation corridor, underscoring the city's role as a vital bridge between Europe's technical excellence and Africa's vast resource potential. 'Africa is not just seeking suppliers – it's looking for strategic partners who can help build a long-term, resilient energy future. WAES will serve as the meeting point for such partnerships, enabling Scottish and international service providers to participate in Africa's energy renaissance,' states Ayuk. Distributed by APO Group on behalf of African Energy Chamber.
Business Wire
3 days ago
- Business
- Business Wire
TechnipFMC Announces Second-Quarter 2025 Earnings Release and Conference Call
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) will host its second-quarter 2025 earnings conference call on Thursday, July 24, 2025, 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 and comprehensive solutions, we are transforming our clients' project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions. Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation. Each of our approximately 21,000 employees is driven by a commitment to our clients' success, and a culture of strong execution, purposeful innovation, and challenging industry conventions. TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to and follow us on X @TechnipFMC.
Yahoo
3 days ago
- Business
- Yahoo
TechnipFMC Announces Second-Quarter 2025 Earnings Release and Conference Call
NEWCASTLE & HOUSTON, June 09, 2025--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) will host its second-quarter 2025 earnings conference call on Thursday, July 24, 2025, 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 and comprehensive solutions, we are transforming our clients' project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions. Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation. Each of our approximately 21,000 employees is driven by a commitment to our clients' success, and a culture of strong execution, purposeful innovation, and challenging industry conventions. TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to and follow us on X @TechnipFMC. View source version on Contacts Investor relations Matt SeinsheimerSenior Vice President, Investor Relations and Corporate DevelopmentTel: +1 281 260 3665Email: Matt Seinsheimer James DavisDirector, Investor RelationsTel: +1 281 260 3665Email: James Davis Media relations David WillisSenior Manager, Public RelationsTel: +44 7841 492988Email: David Willis Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
Is TechnipFMC (NYSE:FTI) a Small-Cap Energy Stock Hedge Funds Are Buying?
We recently published a list of the 15 Small-Cap Energy Stocks Hedge Funds Are Buying. In this article, we are going to take a look at where TechnipFMC (NYSE:FTI) stands against other small-cap energy stocks. On April 12, Bill Perkins, Skylar Capital Management CEO, appeared on 'Closing Bell Overtime' on CNBC to talk about how the energy sector is struggling due to fears of decreased fuel demand. Perkins discussed that the trade policy majorly drives the sentiment across the energy landscape and hence affects natural gas, energy stocks, bonds, and other related assets. Noting the difficulty in predicting the long-term outcome of these policies, he questioned whether the tariffs are temporary. The conversation then shifted to the impact of recent tariff announcements. Perkins acknowledged that natural gas prices initially performed better than other commodities following the announcements, which gives rise to speculations that LNG could become a key bargaining chip in future trade negotiations. He explained that, at the time, natural gas fundamentals were strong, and the US had the potential to use LNG exports as a diplomatic tool to help reduce trade deficits with other countries. However, Perkins acknowledged that the overarching macroeconomic fear of a global slowdown soon overshadowed these fundamentals, which affected both the crude oil and natural gas markets. As a result, prices dropped to levels that might stimulate some demand and offer a buffer against further declines, particularly if the tariff conflict drags on and risks pushing the economy into a recession or even a depression. Perkins also addressed the effect of price pressure on production, specifically referencing West Texas Intermediate (WTI) crude oil. He pointed out that WTI prices had reached a threshold (~$60 per barrel) where growth in the Permian Basin would likely halt or even decline. At these price levels, producers become reluctant to invest in new drilling, especially given the backwardated crude curve, which showed future prices at $58 to $59 per barrel. This scenario would not only limit oil production growth in the Permian but also reduce the output of associated natural gas from the region. Perkins described this production restraint as a bullish factor that could help offset some of the prevailing uncertainty. Perkins predicted that oil and gas executives would adopt a cautious tone in their commentary. He explained that, due to the unpredictability of the global macro environment, executives would likely let market signals guide their decisions about ramping up or scaling back drilling programs. We first sifted through the Finviz stock screener and Insider Monkey's Q4 2024 hedge funds database. For this article, we define small-cap stocks as those that trade between $10 billion and $30 billion. We then selected the top 15 stocks according to hedge funds and ranked them in ascending order of the number of hedge funds that have stakes in them. In cases where an equal number of hedge funds held two or more stocks, we used the market cap as a tiebreaker. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A close up of a worker tightening a valve on an oil rig. Market Capitalization as of April 25: $11.88 billion Number of Hedge Fund Holders: 56 TechnipFMC (NYSE:FTI) engages in energy projects, technologies, systems, and services businesses. It has two segments: Subsea and Surface Technologies. It offers the design, engineering, procurement, manufacturing, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipeline systems, which are used in oil & natural gas production and transportation. The company's Subsea segment made $1.9 billion in Q1 2025 revenue, which was a significant portion of the total company revenue of $2.2 billion. While this reflects a 5% sequential decrease due to typical offshore seasonality and lower activity in certain regions, the segment secured strong inbound orders of $2.8 billion. This drove the Subsea backlog to $14.9 billion, within a total company backlog of $15.8 billion. The adjusted EBITDA for the Subsea segment was $335 million, with a strong margin of 17.3%. TechnipFMC (NYSE:FTI) now anticipates low double-digit sequential revenue growth for the Subsea segment in Q2 2025, with an expected increase in adjusted EBITDA margin of ~4%. The company expects to deliver ~$10 billion of Subsea inbound orders in 2025, driven by the adoption of its integrated iEPCI model and Subsea 2.0 tech. These are gaining traction with clients for deepwater developments. Overall, FTI ranks 4th on our list of the small-cap energy stocks hedge funds are buying. While we acknowledge the growth potential of FTI, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FTI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
TechnipFMC's order backlog increases to record $15.8bn
TechnipFMC saw its order backlog increase by 17.2% to $15.82bn in the first quarter of 2025 (Q1 2025), compared with $13.49bn in the same period last year. The company is setting its sights on two new subsea contracts potentially valued at more than $2bn combined. These opportunities are part of TechnipFMC's target list for the coming two years, which is estimated to exceed $26bn in total. TechnipFMC reported a slight decrease in quarterly results, with a dip in net profit despite an increase in net revenues. The growth in the subsea division was not sufficient to offset the decline in surface technologies, which experienced lower international activity than anticipated. TechnipFMC chief executive Doug Pferdehirt highlighted the significance of the new subsea opportunities, stating: 'Our Subsea Opportunities List now highlights more than $26bn of inbound opportunities over the next 24 months, when using the midpoint of project values. 'Putting this into perspective, the value of this list has grown nearly 20% over the last 12 months and represents the third consecutive quarterly increase. The opportunity set is also supported by multiple new frontiers including Guyana, Suriname, Namibia, Mozambique and Cyprus, all of which present long-term opportunities with development life cycles that extend well beyond the end of the decade.' The Grosbeak development operated by Equinor in the Norwegian North Sea and Petrobras' Buzios-12 project in the Santos basin offshore Brazil are among the new prospects. The Grosbeak contract is estimated to be worth between $500m and $1bn, while the Buzios-12 project could exceed $1bn in value. Despite the decline in quarterly profit, which fell 9.6% to $142m in Q1 2025 from $157.1m in the same period the previous year, the company saw a rise in net revenue by 9.4%, from $2.04bn to $2.23bn. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) also saw a significant increase of 36.1% to $343.8m. Pferdehirt added: 'While commodity prices are a primary variable in our clients' decisions to move forward on a development, the impact they have on the economic feasibility of a project can differ significantly by region and resource. We continue to believe that offshore will remain a preferred investment of operators, with deepwater attracting a growing share of global capital flows, driven by much-improved economic returns and broad access to these resources. "This gives us continued confidence in delivering more than $10bn of Subsea inbound in 2025.' "TechnipFMC's order backlog increases to record $15.8bn" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
