TechnipFMC Shelves Spin-off Due to Market Turmoil
and efforts by top exporter Saudi Arabia to raise production and cut prices.TechnipFMC shares slid to an all-time low on Friday as the plunge in crude oil hit stocks of industry players, though they had rebounded by the close in line with a late surge in oil prices.(Reporting by Gus Trompiz and Bate Felix; Editing by Jan Harvey
France Plans 1 GW Offshore Wind Farm
companies such as state-controlled utility EDF , energy major Total and Engie as the firms vie to expand the footprint in the renewables sector.EDF edged out rivals Total and Engie for a contract to build a 600-megawatt (MW) offshore wind project near Dunkirk in western France in June.(Reporting by Bate Felix; Editing by Alexander Smith and Lisa Shumaker
TechnipFMC: Record Orders, Backlog in Q2
diluted share in the quarter.TechnipFMC raised its guidance for revenue from the subsea division to $5.6 billion - $5.8 billion, from the previous range of $5.4 billion - $5.7 billion. It increased onshore/offshore EBITDA margin to at least 16.5% from the previous guidance of at least 14%.(Reporting by Bate Felix; Editing by Cynthia Osterman
Total Invites Activists to Drilling Site Off French Guyana
said of the Brazil project.Ricardo Salles, who has been named by President-elect Jair Bolsonaro as the future environment minister, said Brazil would ensure any action would be based on facts not ideology, when asked if the new government would review the permit decision.(Image: Total)(Reporting by Bate Felix Editing by Edmund Blair
Engie Gets Green Light for Offshore Wind Projects in France
produce 1,900 megawatt hour of electricity per year, which represents electricity consumed by around 790,000 people.Engie said the Yeu and Noirmoutier projects, together with the Dieppe project which was confirmed in June, will give it a combined capacity of around 1 GW.($1 = 0.8802 euros)(Reporting by Bate Felix; Editing by Sudip Kar-Gupta
Total Makes Major Offshore UK Gas Discovery
and large development projects were expected to boost production from it through to the mid-2020s.Total has a 60 percent stake in Glendronach, while Ineos E&P UK Ltd and SSE E&P UK Limited each hold 20 percent stakes.Total shares were up 0.9 percent by 1418 GMT.(Reporting by Sudip Kar-Gupta and Bate Felix; Editing by Emelia Sithole-Matarise/Keith Weir
Total Determined to Drill Amazon Basin as Greenpeace Storms AGM
its presence in the potentially lucrative Guyana basin.Total faces more protests this month, after France's largest farmers' union called for a blockade of French oil refineries in protest at the company's decision to use imported palm oil at a new biofuel production site.(Reporting by Bate Felix; Writing by Richard Lough; Editing by David Evans and Susan Fenton
Technip, FMC Target Oil Services 'Big League' with Merger Deal
oilfield exploration. Technip has a market value of about $6.2 billion, compared with $6.5 billion for FMC Technologies. Technip has annual revenue of $13.5 billion, more than double that of FMC Technologies. (By James Regan and Michel Rose; Additional reporting by Benjamin Mallet and Bate Felix; Editing by Mark Potter and Alexandra Hudson)
Technip Confirms Losing Dong Energy Contract
contractual obligations," Technip said in an statement to Reuters. It added that the contract was part of the difficult projects for which it had announced one-off charges in July 2015 and the project represents less than 1 percent of its current backlog. (Reuters Reporting by Bate Felix) Following is a statement from DONG Energy In its annual report for 2015 released on 4 February 2016, DONG Energy announced that the Hejre project continues to be in a challenging situation and that first oil in 2017 is no longer the likely scenario. Since then, DONG Energy
February 2025
