Latest news with #TechnipFMC
Yahoo
02-08-2025
- Business
- Yahoo
TechnipFMC (FTI) Soars Following Impressive Q2 Results
The share price of TechnipFMC plc (NYSE:FTI) surged by 9.44% between July 23 and July 30, 2025, putting it among the Energy Stocks that Gained the Most This Week. A close up of a worker tightening a valve on an oil rig. TechnipFMC plc (NYSE:FTI) is a leading technology provider to the traditional and new energy industry, delivering fully integrated projects, products, and services. TechnipFMC plc (NYSE:FTI) rallied to a decade high after the company reported its Q2 2025 results last week, beating expectations and posting significant growth in both profits and revenue. The company also generated free cash flow of $261 million during the quarter and distributed $271 million through dividends and share buybacks, reflecting its commitment to shareholders. Notably, the company's backlog grew to $16.6 billion, with the subsea segment accounting for $15.8 billion. TechnipFMC plc (NYSE:FTI) expects to generate a total of roughly $10 billion or more in subsea orders this year, with executives also forecasting a similar trajectory for 2026. Moreover, the contractor increased its guidance for FY 2025 adjusted EBITDA to around $1.8 billion, with expected free cash flow near the top end of the $1 – $1.15 billion guidance range. While we acknowledge the potential of FTI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Crude Oil Stocks to Buy According to Hedge Funds and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
31-07-2025
- Business
- Zawya
Petrofund Launches Flagship Scholarship to Empower Namibian Youth in Oil and Gas
Namibia's Petroleum Training and Education Fund (Petrofund) officially launched its flagship scholarship program during the 2 nd Youth in Oil and Gas Summit, reinforcing its commitment to building a highly skilled national workforce for the country's burgeoning oil and gas sector. The new scholarship complements the Namibian government's free tertiary education policy by fully funding undergraduate and postgraduate students in engineering, geosciences, paramedics and technical vocational training disciplines relevant to upstream oil and gas operations. Courses will be offered at accredited institutions across the Southern African Development Community region and internationally. As the voice of the African energy sector, the African Energy Chamber (AEC) commends Petrofund's leadership and forward-thinking strategy to anchor Namibian youth at the core of the country's growing energy economy. With major discoveries in the Orange Basin and increasing momentum towards first oil, initiatives like this are essential to ensure local capacity meets international operational standards. In addition to its flagship scholarship program, Petrofund has introduced several strategic initiatives to accelerate youth integration into Namibia's oil and gas industry. Through its expanded on-the-job training program, more than 82 young professionals have been deployed across various technical roles in collaboration with premier service and operating companies including TechnipFMC, SBM, Subsea 7, Baker Hughes, Halliburton, SLB, BW Energy, Shell, ReconAfrica, TotalEnergies and QatarEnergy. Petrofund has also signed ten memoranda of understanding to deepen these partnerships and enhance practical industry exposure. Additionally, the government-led fund is developing a national oil and gas CV repository – set to launch in Q4 2025 – to bridge the gap between skilled graduates and industry demand. Petrofund is also strengthening its collaboration with Namibian institutions of higher learning. Partners include the Namibia University of Science and Technology and University of Namibia, along with regulatory authorities such as the Namibia Qualifications Authority; National Council for Higher Education; Namibia Training Authority; and Ministry of Education, Innovation, Youth, Sports, Art and Culture. This initiative aims to introduce and accredit more oil and gas-related programs locally, enhancing access to technical education aligned with global industry standards. To date, Petrofund has invested over N$115 million to support 438 Namibians in petroleum-related studies, achieving a 90% internship and employment placement rate for its Master's level beneficiaries. As Namibia progresses towards final investment decisions for high-impact offshore projects led by operators such as TotalEnergies and Shell, this program ensure that Namibians are equipped with the technical expertise to actively participate and lead in-country value creation. Imminent first production means Petrofund's holistic approach to human capital development can align with the country's Local Content Policy and sets the foundation for long-term, inclusive growth. The AEC supports these efforts as a model for Africa's youth empowerment in energy. 'Petrofund is setting the standard for what youth empowerment in Africa's energy sector should look like. By aligning skills development with industry demand and embracing inclusivity, Namibia is not just preparing its young people for jobs – it's preparing them for leadership. The Chamber fully supports these efforts, which will ensure that Namibians are not just bystanders, but key drivers of their energy future,' states NJ Ayuk, Executive Chairman, AEC. Distributed by APO Group on behalf of African Energy Chamber.
Korea Herald
28-07-2025
- Business
- Korea Herald
TotalEnergies ENEOS completes rooftop solar project with TechnipFMC in Malaysia
JOHOR BAHRU, Malaysia, July 28, 2025 /PRNewswire/ -- TotalEnergies ENEOS successfully commissioned a 680 kilowatt-peak (kWp) rooftop solar photovoltaic (PV) system in collaboration with TechnipFMC, a leading technology provider to the traditional and new energy industries. With over 1,100 solar modules installed, the PV system generates around 915 megawatt-hours (MWh) of renewable electricity annually, powering 20% of the facility's energy needs. This helps TechnipFMC to avoid approximately 500 tons of CO 2 emissions each year. Under the 18-year Power Purchase Agreement (PPA), there is no upfront investment required by TechnipFMC. TotalEnergies ENEOS fully funded, installed, and will operate and maintain the solar system, with TechnipFMC purchasing the electricity produced for the duration of the PPA. Alexandru Buzatu, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia Pacific said: "This project marks a significant advancement in TechnipFMC's sustainability journey. As TechnipFMC's preferred energy partner, we take proactive steps in helping to reduce their carbon emissions in the Asia Pacific region. Our knowledge of the regional market and engineering excellence see us work with key industry players towards a shared vision for a sustainable future." Alberto Oliveira, Manufacturing Director - Nusajaya, TechnipFMC, said: "We are proud to be part of this renewable power initiative with TotalEnergies ENEOS. It reflects our deep commitment to responsible operations and a sustainable future. By harnessing clean energy, we are reducing our carbon footprint and advancing our ambition to drive meaningful, lasting change for our communities". To learn more about TotalEnergies ENEOS tailored solar solutions, check out the free brochure, or contact directly for more information. About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Ltd. The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years. TotalEnergies and electricity TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. As of the end of June 2025, TotalEnergies has 30 GW of installed gross renewable electricity generation capacity and aims to reach 35 GW by the end of 2025, and more than 100 TWh of net electricity production by 2030. ENEOS Corporation and renewables electricity ENEOS Group operates solar power plants in Japan and is also participating in renewable energy projects in the United States, Australia, Vietnam and Taiwan. Furthermore, ENEOS is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is ENEOS' first overseas renewable energy project using distributed power sources. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. About ENEOS Corporation ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group's envisioned goals for 2040 are: becoming one of the most prominent and internationally competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group's envisioned goals through a broad range of energy businesses. TotalEnergies on social media Cautionary Note TotalEnergies The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). Cautionary Note ENEOS Corporation The terms "ENEOS", "ENEOS Group" in this document are used to designate ENEOS Corporation and the consolidated entities that are directly or indirectly controlled by ENEOS Corporation. This document contains certain forward-looking statements. Actual results may differ materially from those reflected in any forward-looking statement due to various factors, which include, but are not limited to, the following: (1) macroeconomic conditions and changes in the competitive environment in the energy, resources, and materials industries; (2) the impact of COVID-19 on economic activity; (3) changes in laws and regulations; and (4) risks related to litigation and other legal proceedings.
Yahoo
28-07-2025
- Business
- Yahoo
TotalEnergies ENEOS completes rooftop solar project with TechnipFMC in Malaysia
JOHOR BAHRU, Malaysia, July 28, 2025 /PRNewswire/ -- TotalEnergies ENEOS successfully commissioned a 680 kilowatt-peak (kWp) rooftop solar photovoltaic (PV) system in collaboration with TechnipFMC, a leading technology provider to the traditional and new energy industries. With over 1,100 solar modules installed, the PV system generates around 915 megawatt-hours (MWh) of renewable electricity annually, powering 20% of the facility's energy needs. This helps TechnipFMC to avoid approximately 500 tons of CO2 emissions each year. Under the 18-year Power Purchase Agreement (PPA), there is no upfront investment required by TechnipFMC. TotalEnergies ENEOS fully funded, installed, and will operate and maintain the solar system, with TechnipFMC purchasing the electricity produced for the duration of the PPA. Alexandru Buzatu, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia Pacific said: "This project marks a significant advancement in TechnipFMC's sustainability journey. As TechnipFMC's preferred energy partner, we take proactive steps in helping to reduce their carbon emissions in the Asia Pacific region. Our knowledge of the regional market and engineering excellence see us work with key industry players towards a shared vision for a sustainable future." Alberto Oliveira, Manufacturing Director - Nusajaya, TechnipFMC, said: "We are proud to be part of this renewable power initiative with TotalEnergies ENEOS. It reflects our deep commitment to responsible operations and a sustainable future. By harnessing clean energy, we are reducing our carbon footprint and advancing our ambition to drive meaningful, lasting change for our communities". To learn more about TotalEnergies ENEOS tailored solar solutions, check out the free brochure, or contact directly for more information. About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years. TotalEnergies and electricityTotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. As of the end of June 2025, TotalEnergies has 30 GW of installed gross renewable electricity generation capacity and aims to reach 35 GW by the end of 2025, and more than 100 TWh of net electricity production by 2030. ENEOS Corporation and renewables electricityENEOS Group operates solar power plants in Japan and is also participating in renewable energy projects in the United States, Australia, Vietnam and Taiwan. Furthermore, ENEOS is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is ENEOS' first overseas renewable energy project using distributed power sources. About TotalEnergiesTotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. About ENEOS CorporationENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group's envisioned goals for 2040 are: becoming one of the most prominent and internationally competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group's envisioned goals through a broad range of energy businesses. TotalEnergies on social media X: @TotalEnergies LinkedIn: TotalEnergies Facebook: TotalEnergies Instagram: TotalEnergies Cautionary Note TotalEnergiesThe terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). Cautionary Note ENEOS CorporationThe terms "ENEOS", "ENEOS Group" in this document are used to designate ENEOS Corporation and the consolidated entities that are directly or indirectly controlled by ENEOS Corporation. This document contains certain forward-looking statements. Actual results may differ materially from those reflected in any forward-looking statement due to various factors, which include, but are not limited to, the following: (1) macroeconomic conditions and changes in the competitive environment in the energy, resources, and materials industries; (2) the impact of COVID-19 on economic activity; (3) changes in laws and regulations; and (4) risks related to litigation and other legal proceedings. View original content to download multimedia: SOURCE TotalEnergies ENEOS Renewables Distributed Generation Asia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-07-2025
- Business
- Yahoo
TechnipFMC (FTI) Extends Winning Streak on Impressive Earnings, Growth Outlook
We recently published . TechnipFMC plc (NYSE:FTI) is one of the best-performing stocks on Thursday. TechnipFMC extended its winning streak to a third consecutive day on Thursday, jumping 11.76 percent to close at $37.54 apiece as investors cheered its impressive earnings performance and growth outlook for the rest of the year. In a statement, TechnipFMC plc (NYSE:FTI) said it was able to grow its net income by 44.5 percent to $269.5 million in the second quarter of the year from $186.5 million in the same period last year. Revenues also rose by 9 percent to $2.5 billion from $2.3 billion year-on-year. Commenting on the performance, TechnipFMC plc (NYSE:FTI) Chairman and CEO Doug Pferdehirt underscored the company's $2.6 billion of Subsea inbound in the quarter, representing a diverse set of awards. Source:unsplash 'The uniqueness and diversity of our order book give us continued confidence that we will reach our three-year goal of $30 billion of Subsea inbound by the end of this year,' he noted. While we acknowledge the potential of FTI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
