TechnipFMC declares quarterly dividend of $0.05 per share

TechnipFMC announced that its Board of Directors has authorised and declared a quarterly cash dividend of US $0.05 per share, payable on September 4, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on August 20, 2024.

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With its proprietary technologies and comprehensive solutions, TechnipFMC is transforming its clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organised in two business segments — Subsea and Surface Technologies — the company will continue to advance the industry with its pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

TechnipFMC was also awarded a substantial contract by Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil, following completion of a tender. The contract covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift.

Last week, the company was also awarded an integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Energean for its Katlan development in the Mediterranean Sea offshore Israel. The contract is valued between $500 million and $1 billion.

This is Energean’s first project to use TechnipFMC’s configure-to-order Subsea 2.0^® production systems.

The award follows an integrated Front End Engineering and Design (iFEED^®) study by TechnipFMC, which optimised the commercial and technological solution for the field. The contract covers the design, manufacture, and installation of the production systems, pipe, umbilicals, and subsea structures.

The subsea infrastructure will tie back to the Energean Power floating production, storage, and offloading vessel (FPSO), which currently serves the Karish and Karish North developments. TechnipFMC also delivered fully integrated subsea solutions utilizing our iEPCI™ execution model for both of these developments.