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Energy & Power

TechnipFMC Plc

Company Profile Analysis

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TechnipFMC Plc - Energy & Power showcase

Year Founded & Workforce

Not available

Industry

Energy & Power

Services

T

TechnipFMC Plc Overview

TechnipFMC PLC is an equipment and services company operating in the energy industry with headquarters in London, United Kingdom. It was founded in the year 2017 upon the merger of FMC Technologies of the United States and Technip of France. TechnipFMC PLC operates currently in over 48 countries such as USA, Ghana, Nigeria, India and Malaysia with about 44,000 employees. Its diversified business are primarily focused on the Subsea, Onshore/Offshore and Surface Technologies.

The company has been involved in all UK subsea field decommissioning projects since the first field abandonment of Hamilton Crawford in 1991. It was awarded a lump sum project for the decommissioning of the brownfield development and installation of new subsea equipment, supporting a floating production system located in Mississippi Canyon, Gulf of Mexico, in a water depth of approximately 2,000 meters, by Chevron North America Exploration and Production Company, a division of Chevron U.S.A. TechnipFMC Plc competes with companies such as BP Plc, DeepOcean, Claxton Engineering, Statoil ASA and AF Gruppen.

Strategy

TechnipFMC is working on expansion with a focus on increasing its share in the onshore market. It strategizes to increase inbound orders for pipeline solutions. It aims to achieve an integrated business model for the efficient delivery of wellhead, pipeline, and other integrated systems across onshore and offshore business applications. Moreover, the company aims to minimize operating expenditures to increase spending on research & development of innovative products and services. It invests in the development of leak detection technology in the flexible pipelines for the onshore application to minimize the risk of flow breakdown. Furthermore, the company also invests in collaborations and partnerships with the suppliers to optimize its supply chain infrastructure. This is expected to help the company gain a competitive advantage and improve its market position in the onshore pipeline services market globally.

Company Snapshot

$9,199M

Revenue

SWOT Analysis

Strengths

  • Strong production capabilities for onshore pipelines
  • Wide global presence
  • Vast technical experience following the merger with FMC Technologies
  • Strong production capabilities for flexible pipelines
  • Wide global presence to cater to the demand in the offshore sector
  • Strong technical experience following the merger of FMC Technologies
  • Strong global presence
  • Strong R&D division
  • Diverse operating portfolio
  • Broad product portfolio

Weaknesses

  • Unstable financial position
  • Limited contracts for onshore pipeline
  • Instabilities in the financial statement
  • Limited high-ticket contracts for offshore pipeline supply
  • Fluctuation in currency values
  • Oil industry uncertainty
  • Under-performance of the onshore division

Opportunities

  • Scope for long-term partnerships with suppliers to enhance supply chain market dynamics
  • Investment in long-term maintenance service contracts with end users in the onshore sector
  • Invest in the long-term partnerships with the suppliers to enhance supply chain market dynamics
  • Investment in the long-term maintenance service contracts with end users in the offshore sectors
  • Becoming a true global player
  • Business expansion in untapped markets
  • Rising demand for oil and gas

Threats

  • Fluctuating foreign currency exchange rates
  • Change in tax laws and regulations across the US, the UK, France, and other key markets
  • Foreign currency exchange rate risk
  • Change in the tax laws and regulations across the US, the UK, France, and other main operating countries
  • increased environmental regulations and license agreements for operations
  • Economic instability in key markets
  • Fluctuating oil and gas prices

Key Developments

DateApproachDevelopment
–AgreementTechnipFMC PLC and Shell signed a contract for the delivery and installation of the compact pipeline and manifold (“PLEM”) along with the horizontal connection system technologies with flexible jumpers.
–CollaborationTechnipFMC PLC collaborated with Magma Global Ltd for developing and manufacturing a new generation of hybrid flexible pipes for offshore applications.

Product Offering

  • TechnipFMC Plc
    • Hydrocarbon transportation and storage solutions

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles TechnipFMC Plc as part of our ongoing coverage of the Energy & Power sector, drawing on public company data, filings, and market intelligence.

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Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

TechnipFMC Plc

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