TechnipFMC takes $1.9bn worth of subsea orders in Q1

TechnipFMC takes $1.9bn worth of subsea orders in Q1

Energy services giant TechnipFMC bagged $1.9 billion of subsea orders in the first quarter of the year.

Pre-tax losses for the first three months of 2022 totalled $5.8m, compared to profits of $456m for the same period last year, while total company revenue was $1.5bn.

In its first quarter results, TehnipFMC also confirmed it has completed the sale of remaining stakes in TechnipEnergies this month after the companie completed a planned split last ear.