Ithaca Energy Grants Major Flexible Pipe Contract to TechnipFMC
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2025
0mins
Source: Yahoo Finance
Contract Award: TechnipFMC has secured a significant contract from Ithaca Energy for the design, manufacture, and installation of flexible risers and flowlines for the Captain development in the U.K. North Sea, valued between $75 million and $250 million.
Technological Enhancements: The Captain field has seen technology improvements since its first production in 1997, including a recent enhanced oil recovery project supported by TechnipFMC in 2024.
Long-term Collaboration: Jonathan Landes, President of Subsea at TechnipFMC, emphasized the long-standing partnership with Ithaca Energy, highlighting their collaborative efforts to optimize production through innovative riser solutions.
Company Overview: TechnipFMC is a leading technology provider in the energy sector, focusing on integrated projects and services while promoting energy transition and reducing carbon intensity through its proprietary technologies.
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Analyst Views on FTI
Wall Street analysts forecast FTI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTI is 48.50 USD with a low forecast of 40.00 USD and a high forecast of 53.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 55.250
Low
40.00
Averages
48.50
High
53.00
Current: 55.250
Low
40.00
Averages
48.50
High
53.00
About FTI
TechnipFMC plc is a United Kingdom-based technology company, which operates in the energy industry. The Company is focused on delivering fully integrated projects, products, and services. The Company operates through two segments: Subsea and Surface Technologies. The Subsea segment manufactures and designs products and systems, performs engineering, procurement and project management and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas. The Surface Technologies segment designs, manufactures and supplies technologically advanced wellhead systems and high-pressure valves and pumps used in stimulation activities for oilfield service companies and provides installation, flowback and other services for exploration and production companies. The Company operates across various countries, including the United States; Brazil; Norway; the United Kingdom; Guyana, Australia, Angola, Brazil and all other countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TechnipFMC Schedules Q4 2025 Earnings Call for February 19, 2026
- Earnings Call Schedule: TechnipFMC will host its Q4 2025 earnings conference call on February 19, 2026, at 1:30 p.m. London time, with a press release issued at approximately 11:45 a.m. London time, ensuring timely access to critical information for investors.
- Live Webcast Availability: The event will be webcast live via the Investor Relations website, allowing investors to register for participation, and a replay will be available post-event, enhancing information transparency and investor engagement.
- Company Background: TechnipFMC is a leading technology provider to traditional and new energy sectors, committed to helping clients reduce carbon intensity and support energy transition through proprietary technologies and comprehensive solutions, showcasing its technological leadership in the industry.
- Employee Commitment and Culture: With approximately 21,000 employees dedicated to client success, the company fosters a culture of strong execution, purposeful innovation, and challenging industry conventions, indicating its proactive role in industry transformation.
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TechnipFMC CEO Doug Pferdehirt to Speak at Goldman Sachs Energy Conference 2026
- Conference Announcement: TechnipFMC's CEO Doug Pferdehirt will speak at the Goldman Sachs Energy, CleanTech & Utilities Conference on January 6, 2026, at 1:40 p.m. ET in Aventura, FL, highlighting the company's leadership in energy transition.
- Live Webcast: The event will feature a live webcast accessible via the company's Investor Relations website, ensuring transparency and enhancing engagement with investors.
- Audio Replay: An audio replay of the webcast will be available on the company’s website for 180 days post-event, allowing investors who cannot attend live to access the information, thereby improving information dissemination.
- Company Overview: TechnipFMC is a leading technology provider to traditional and new energy sectors, committed to reducing carbon intensity and supporting energy transition through proprietary technologies and comprehensive solutions, showcasing its innovative capabilities and market impact in the industry.
Continue Reading