TechnipFMC

What TechnipFMC does

TechnipFMC plc is a UK-incorporated, NYSE-listed (ticker: FTI) global technology provider to the traditional and new energy industries, formed in January 2017 through the cross-border merger of France-based Technip (founded 1958) and US-based FMC Technologies (originating 1880). The company delivers complete project lifecycle services for the energy industry, spanning concept and FEED studies, subsea and surface equipment manufacturing, installation via owned vessels and ROVs, and life-of-field services. Its portfolio includes the Subsea 2.0® next-generation subsea tree platform (with a 100-tree commercial delivery milestone), the iEPCI® integrated Engineering, Procurement, Construction, and Installation delivery model, digital platforms Subsea Studio™ and eSolutions™, ROV and manipulator robotics, and surface product lines DrillNow™, iComplete®, and iProduction™. A New Energy Ventures initiative extends the subsea competence stack into offshore floating renewables, dynamic inter array cable systems, green hydrogen (via an EDP-led concept study), and greenhouse gas removal.

TechnipFMC operates a B2B enterprise model, winning large project contracts (typically $250 million to over $1 billion) through competitive tenders and direct engagement with international oil companies and national oil companies including Eni, Petrobras, Shell, Vår Energi, and Azule Energy. Revenue is generated across four streams: Subsea Projects and Systems (the largest, with 2026 guidance of $9.2–9.6 billion), Surface Technologies, Life of Field Services, and Fleet Operations. Pricing is custom and project-specific; no public pricing is disclosed. Capital return to shareholders is meaningful, with a quarterly $0.05 per share dividend and an enlarged $2.3 billion share repurchase program representing nearly 16% of outstanding shares, alongside $1 billion in total shareholder distributions in 2025.

In FY2025 the company reported $9.9 billion in revenue (up 9.4% YoY) and $1.8 billion in adjusted EBITDA (up 35% YoY), with inbound orders of $11.2 billion and a project pipeline of approximately $29 billion. Adjusted EBITDA margin guidance of 21–22% for 2026 indicates continued operational momentum. Strategic technology partnerships with Halliburton (joint subsea fiber optic sensing) and Petrobras (hybrid flexible pipe co-development) deepen ecosystem integration, while geographic reach spans the North Sea, Gulf of Mexico, Brazil, West Africa, Asia Pacific, Middle East, and Australia.

Name

TechnipFMC

Legal name

TechnipFMC plc

Website

https://technipfmc.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

TechnipFMC plc is a UK-based, NYSE-listed global technology provider serving the traditional and new energy industries, delivering integrated subsea and surface solutions — from concept, FEED, and manufacturing through installation and life-of-field services — to international and national oil companies worldwide.

Ownership category

akta.pro rank

Product category

Subsea Engineering and Offshore Energy Services

NAICS

Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Subsea Services & Equipment (Subsea Trees, Umbilicals, Installation, IMR) (EUALABAI)

akta.pro secondary industry

Unmanned Underwater Vehicles (UUV) & Autonomous Subsea Platforms (IMABAIAF)

Keywords

• Subsea engineering services
• Offshore energy projects
• Subsea production systems
• Integrated EPC delivery
• Surface drilling technologies

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Subsea Projects and Systems: Revenue from large-scale subsea engineering, procurement, manufacturing, construction, and installation contracts. This is the largest revenue stream, with Subsea revenue guidance of $9.2–9.6 billion for 2026. Projects include subsea trees, manifolds, controls, infrastructure, and full iEPCI deliveries. Revenue is project-based, long-cycle, and contract-driven.
2. Surface Technologies: Revenue from surface wellhead, tree, pressure control, production systems, and drilling technologies for onshore and shallow water markets. Includes DrillNow™ unconventional, iComplete®, and iProduction™ product lines.
3. Life of Field Services: Ongoing services including asset management, IMR (Inspection, Maintenance, and Repair), ROV services, iLOF Services, and Pivotal Riserless Intervention. Provides recurring revenue from installed base of subsea assets.
4. Fleet Operations: Revenue from leading-edge vessels, crews, and equipment used to execute subsea installation and intervention operations globally.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

TechnipFMC provides integrated subsea and surface solutions for the traditional and new energy industries, spanning the full field lifecycle from concept and FEED studies through manufacturing of subsea equipment (trees, manifolds, controls, flexible pipes) to installation, life-of-field services, and energy transition initiatives. The company delivers large-scale iEPCI™ (integrated Engineering, Procurement, Construction, and Installation) contracts using proprietary technologies such as Subsea 2.0®, an extensive fleet of installation vessels, ROV robotics, and digital platforms including Subsea Studio™ and eSolutions™.

Product overview

TechnipFMC is a global leader in energy projects, technologies, systems, and services providing deep expertise across subsea and surface projects. The company operates through integrated divisions: Subsea (including Subsea 2.0, Subsea Studio digital platform, iEPCI services, eSolutions, Robotics with ROV systems, and Life of Field services via iLOF), Surface (with DrillNow, iComplete, and iProduction systems), New Energy (greenhouse gas removal, offshore floating renewables, dynamic inter array cable systems), Fleet (vessels and equipment for subsea operations), and Technology and Innovation (digital transformation capabilities). The portfolio spans the full energy lifecycle from concept to project delivery and beyond, serving both traditional and new energy industries.

Differentiator

Problem solved

Functional benefit

Brands

• Subsea Studio™: Digital planning and optimization platform for subsea field development
• iEPCI®
• Subsea 2.0®
• DrillNow™
• iComplete®
• iProduction™
• eSolutions™
• iLOF Services

Products and services

• Subsea 2.0® Next-generation subsea production systems designed for enhanced reliability, modularity, cost efficiency, and performance in offshore energy extraction. Sold to international and national oil companies for subsea field development.
• iEPCI® Subsea Integrated Engineering, Procurement, Construction, and Installation service combining all subsea project phases under a single point of accountability. Sold to IOC and NOC clients through competitive tendering.
• Subsea Studio™ Digital modeling and simulation platform for subsea field design, planning, and optimization from concept to project delivery. Sold to energy companies developing offshore fields.
• eSolutions™ Digital services suite for subsea operations, enabling monitoring, optimization, and data-driven decision-making across installed subsea assets. Sold to operators of subsea infrastructure.
• ROV Systems and Manipulator Systems Remotely Operated Vehicle (ROV) systems and manipulator arms for subsea robotics, intervention, and maintenance operations. Sold to operators requiring subsea robotics capability.
• iLOF Services Integrated Life of Field services including asset management, IMR (Inspection, Maintenance, and Repair), ROV services, subsea drilling services, field performance services, and Pivotal Riserless Intervention. Sold to operators of installed subsea assets on recurring service contracts.
• DrillNow™ Unconventional Surface drilling technology for unconventional onshore and shallow water markets, designed to reduce cost and carbon intensity through actionable data and automation. Sold to onshore and shallow water oil and gas operators.
• iComplete® Completions integrated system for surface well completion operations. Sold to onshore and shallow water operators.
• iProduction™
• Fleet Operations Leading-edge vessels, crews, and equipment contracted to execute subsea installation and intervention operations globally as part of project awards or standalone service agreements. Sold to enterprise oil and gas clients.

Quantifiable outcome

• Full-year 2025 revenue grew 9.4% year-over-year to $9.9 billion
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Six partnerships are on record, tiered core, strategic and minor.

• PetrobrascoreStrategic or Co-development Partner · 6 May 2025TechnipFMC and Petrobras collaborated to advance hybrid flexible pipe technology innovation for subsea applications, building on long-standing subsea equipment supply relationships including multiple multi-billion dollar subsea tree agreements.
• HalliburtoncoreStrategic or Co-development Partner · 1 January 2025TechnipFMC and Halliburton launched a joint subsea fiber optic service, combining TechnipFMC's subsea installation and hardware expertise with Halliburton's fiber optic sensing technology to deliver integrated distributed acoustic sensing and temperature sensing solutions for subsea wells and infrastructure.
• EDP (Energias de Portugal)strategicStrategic or Co-development Partner · 1 January 2025TechnipFMC and EDP joined forces with additional partners to develop a concept study for green hydrogen production from offshore wind power, leveraging TechnipFMC's subsea and offshore expertise in the energy transition.
• ArcelorMittalminorStrategic or Co-development Partner · 1 January 2025ArcelorMittal was selected by TechnipFMC to supply highly-resistant steel wires for the development of oil and gas offshore fields, supporting subsea infrastructure construction.
• ChiyodastrategicStrategic or Co-development Partner · 1 January 2025Chiyoda and TechnipFMC partnered on the Qatargas 2 project, which involved the inauguration of the world's largest LNG trains, representing a landmark offshore LNG development.
• ShellcoreStrategic or Co-development Partner · 1 January 2025TechnipFMC maintains a strategic relationship with Shell through multiple frame agreements and project awards, including Genesis (a Technip company) being awarded an Enterprise Framework Agreement by Shell Global Solutions International B.V. for subsea engineering services.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Subsea7: Global subsea engineering, construction, and services company competing head-to-head with TechnipFMC on SURF, IMR, and integrated subsea installation projects using a vessel-led delivery model.
• Saipem: Italian offshore engineering and drilling contractor offering integrated subsea EPCI, SURF, and flexible pipe solutions, directly competing with TechnipFMC on iEPCI deals for IOC/NOC clients.
• McDermott International: Provider of integrated subsea EPCI solutions for offshore oil and gas, overlapping with TechnipFMC on SURF, subsea hardware, and integrated project delivery.
• Aker Solutions: Norwegian provider of subsea production systems, umbilicals, and SURF services; competes directly with TechnipFMC on subsea trees and integrated subsea field development packages.

Emerging players

• Oceaneering International: Global provider of ROVs, subsea hardware, intervention tooling, and marine services; competes with TechnipFMC Robotics and Life-of-Field services, particularly in IMR and ROV interventions.
• Helix Energy Solutions: Specialty offshore services company focused on well intervention, IMR, and ROV operations; competes with TechnipFMC's iLOF, Pivotal Riserless Intervention, and Life-of-Field service lines.
• Saipem-FloTEC: Saipem's flexible pipe business unit serving Brazilian pre-salt and other deepwater fields; competes with TechnipFMC's hybrid flexible pipe collaboration with Petrobras.

Broad incumbents

• Halliburton: Diversified oilfield services giant whose subsea fiber-optic sensing partnership with TechnipFMC blends complementary capabilities, while also offering adjacent subsea intervention services.
• Schlumberger (SLB): Largest oilfield services company with subsea hardware (OneSubsea JV with Aker), digital, and reservoir capabilities; competes indirectly with TechnipFMC across subsea production systems, intervention services, and digital solutions.
• Baker Hughes: Diversified oilfield services and equipment major whose Subsea Solutions (formerly GE Oil & Gas) competes with TechnipFMC on subsea trees, manifolds, controls, and integrated production systems, but as part of a much broader upstream portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TechnipFMC
• YouTubeyoutube.com/channel/UCbRQbMxnU_54nlhF1XneL1A
• Facebookfacebook.com/TechnipFMC
• LinkedInlinkedin.com/company/technipfmc
• Instagraminstagram.com/technipfmc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TechnipFMC