TechnipFMC Delivers 2019 Forecast

The UK-based energy services giant TechnipFMC said it estimates 2019-revenues between $12.8 – $13.5 billion.

The company’s Subsea division is expected to generate $5.4 – $5.7 billion in 2019, with EBITDA margin of at least 11%.

Revenue forecast for Onshore/Offshore is in a range of $5.7 – 6.0 billion, while Surface Technologies are expected to contribute in a range of $1.7 – 1.8 billion. EBITDA margin is estimated at 12% and 17% respectively.

For the upcoming year, capital expenditures have been set at approximately $400 million.

To remind, in the previous quarter (Q3 2018), the company reported net profit of $136.9 million, or $0.30 per diluted share, compared to $121.0 million in the same period of 2017.

However, revenues for that quarter fell approximately $1 billion from $4.1 billion in Q3 2017 and also some $900 million in the second quarter of 2018.

Subsea World News Staff

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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