$FTI

TechnipFMC (FTI) secured multiple significant contracts, including a $75M-$250M deal for the West Hub Tails project in Angola. Q2 revenue rose 10.8% YoY to $2.76B, with net income up 34.6% to $362.7M. However, total backlog decreased 1.2% YoY to $16.44B, with Subsea backlog flat. Surface Technologies segment saw revenue and backlog declines. FTI trades at 26.67x forward earnings, with hedge fund ownership declining.

TechnipFMC (FTI) reported that CTO Justin Rounce had 118,843 shares withheld on August 25, 2026, to pay taxes on vested performance stock units. The shares were valued at $75.20 each, totaling $8.94M. Rounce now holds 302,840 shares directly.

TechnipFMC delivered its first 7-in Subsea 2.0 horizontal christmas tree to Chevron Australia for the Gorgon stage three offshore project. The tree, assembled in Malaysia, is part of a 20-year service order. TechnipFMC's Subsea 2.0 platform is designed for efficiency and standardisation. The project involved global teams and early prototyping. Chevron's GS3 project will connect new gas fields to existing facilities.

TechnipFMC (FTI) secured a significant contract from Azule Energy for the West Hub Tails project in Angola. The company's stock has seen a 30-day return of 4.02% and a year-to-date return of 64.07%. Analysts expect earnings to reach $1.4 billion by June 2029, with a fair value estimate of $76.00, suggesting a slight overvaluation. A DCF model, however, values the stock at $110.62, indicating a discount.

TechnipFMC won a contract from Azule Energy to supply flexible flowlines and risers for the West Hub Tails project offshore Angola. The project is part of the Agogo field development and will be included in TechnipFMC's third-quarter 2026 orders. The contract involves designing and manufacturing equipment to gather production for the Agogo FPSO vessel.

TechnipFMC delivered the first 7-in. Subsea 2.0 tree for Chevron Australia’s Gorgon Stage 3 project, marking the first article build of the platform. The system was manufactured in Malaysia and is part of a 20-year Master Service Order. The milestone advances standardized subsea solutions for offshore projects, with the tree designed to control oil and gas flow from wells.

Mullins Eric D. purchased 6,365 shares of TechnipFMC plc (FTI) at $78.55 ($0.50M total) on 2026-08-14.

TechnipFMC said Azule Energy awarded it a “significant” flexible pipe contract for the West Hub Tails project offshore Angola. The contract value is $75 million to $250 million. TechnipFMC will design and manufacture flexible flowlines and risers for gathering production to the Agogo FPSO, with orders expected in Q3 2026.

The Philippines Privatization Management Office said only Empire East (Andrew Tan), Ayala Land, and Robinsons Land (Gokongwei-led) submitted bids for the state-owned Food Terminal Inc. (FTI) by Aug. 14 deadline. PMO will validate bids. Government targets at least P10.2 billion for the 74-hectare Taguig complex. Filinvest Land said it skipped bidding, citing mismatch with its land banking strategy.

TechnipFMC plc said it launched the second edition of its Subsea Engineering Program with Namibia University of Science and Technology (NUST), building on last year’s inaugural program. The expanded curriculum adds an offshore safety module and covers areas including SURF, SPS, and project management, ending with a simulated project challenge. TechnipFMC cited its long-term local-content and workforce development efforts in Namibia.