FTI News & Events

TechnipFMC (FTI) has been awarded multiple contracts by Equinor (EQNR) for a portfolio of subsea tie-back developments offshore Norway. TechnipFMC will design and manufacture subsea production systems and associated controls for the Omega Sor, Brime, and Tyrihans Nord brownfield projects. TechnipFMC will also install rigid pipe on the TWIN development. Jonathan Landes, President, Subsea at TechnipFMC, commented: "We are pleased to support Equinor's strategy to unlock additional resources and extend the life of existing infrastructure on the Norwegian Continental Shelf. By leveraging our standardized subsea solutions, we can help deliver these projects reliably while creating long-term value for Equinor." For TechnipFMC, the total value of these contracts is between $250M and $500M. These awards were included in inbound orders in the second quarter of 2026.

TechnipFMC has been awarded a large integrated engineering, procurement, construction, and installation contract by Var Energi for the Ofelia and Gjoa Nord projects in the Gjoa area of the North Sea. This direct award follows a five-year collaboration agreement signed in 2025 to deliver subsea projects utilizing TechnipFMC's integrated model and accelerate development through coordinated portfolio execution. Jonathan Landes, President, Subsea at TechnipFMC, commented: "Var Energi is applying a portfolio approach in the Gjoa area to reduce project cycle time and improve project returns. This approach requires deep collaboration and is enabled by TechnipFMC's unique integrated execution model. We are pleased to support Var Energi's ambition to deliver first oil within two years." For TechnipFMC, a "large" contract is between $500M and $1B. The majority of inbound associated with this award will be included in the second quarter of 2026, with a portion included in prior quarters.

The company states: "TechnipFMC has been awarded a significant contract to supply flexible flowlines and risers by Azule Energy for the Greater PAJ development offshore Angola. TechnipFMC will design and manufacture flexible flowlines and risers to connect wells in water depths approaching 2,000 meters to a new floating production unit. For TechnipFMC, a "significant" contract is between $75 million and $250 million. This award will be included in inbound orders in the second quarter of 2026."