“First, we are making a commitment to Saudization and localization,” TechnipFMC Surface Technologies President Richard Alabaster said at the recent groundbreaking ceremonies. “Second, we are increasing our capacity to meet the challenge of the upcoming rise in activity planned within Saudi Aramco,”...
TechnipFMC is a global leader in energy projects, technologies, systems, and services; providing clients with deep expertise across subsea and surface projects. Find out more.
Sure, David. And yes, thanks for clarifying. I want to be -- yes, we were talking -- the significant increase in Q4 orders was in reference to Surface Technologies, specifically in the Middle East, and more specifically from -- in Abu Dhabi from ADNOC, and in Saudi Arabia from Saudi ...
Surface Technologies reported first quarter revenue of $329.5 million, a decrease of 16.1 percent from the prior-year quarter. The revenue decline was primarily driven by the slowdown in operator activity in North America and the reallocation of the Loading Systems business to Technip Energies. ...