NEW YORK, NY / ACCESSWIRE / April 23, 2020 / TechnipFMC Plc (NYSE:FTI) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 23, 2020 at 8:00 AM Eastern ...

A rally in crude-oil futures sent the European energy sector higher on Tuesday, helping markets recover some lost ground from the rough start to the second quarter.

Shares of oil-field services stocks Oceaneering International (NYSE: OII), Apergy (NYSE: APY), and TechnipFMC (NYSE: FTI) all jumped more than 30% in April, according to data provided by S&P Global Market Intelligence. Technip, which provides general services for oil producers, saw its share price rise 32.2% in April. Onshore drilling specialist Apergy's shares soared 60.2%, while the stock of subsea services provider Oceaneering International skyrocketed 74.8% for the month.

TechnipFMC (FTI) has a revolving credit facility worth $2.5 billion to strengthen its liquidity.

Oil services company TechnipFMC said on Wednesday it would slash the salaries of executives and retainers paid to company directors by 30%, after cutting its dividend by 75% in search of savings to cushion the impact of the novel coronavirus outbreak. The Franco-American firm, whose clients include major companies in the oil and gas sector, said it had increased its cost savings target to more than $350 million this year from the $130 million it announced on April 1. It lowered executive compensation for the year, cutting the salary of its chairman and chief executive officer by 30%.

FMC Technologies (FTI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of TechnipFMC plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.

Russian investment group A-Property has hired energy services company TechnipFMC to design a $10 billion liquefied natural gas operation in the north of the country that it hopes to complete by 2025 and sell LNG to Asia. A-Property spokeswoman Anastasia Kharitonova told Reuters that the plant and surrounding infrastructure in the remote northern republic of Yakutia would require a $10 billion investment. The LNG plant will aim to produce 13 million tonnes of LNG per year at maximum capacity and will be located relatively close to the Chinese border.

TechnipFMC has lowered its 2020 capital expenditures by 30 percent to $300 million in response to current market conditions.

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has been awarded a significant (1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by Woodside Energy Limited for the development of the Lambert Deep and Phase 3 of the Greater Western Flank fields, located offshore Northwestern Australia.

Moody's Investors Service (Moody's) confirmed TechnipFMC plc's (TechnipFMC) Baa2 issuer rating. Moody's also confirmed the Baa2 rating on TechnipFMC's EUR 450 million unsecured convertible bonds due 2021 and $500 million senior unsecured notes due 2022.

FMC Technologies (FTI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The largest customers for Technip’s submersibles are in the oil and gas industry for exploration and maintenance operations.

TechnipFMC PLC (NYSE: FTI) has cut about a third of its spending plans for 2020, and it’s looking to reduce costs even beyond that. TechnipFMC, which has headquarters in Paris, London and Houston, has reduced its 2020 capital expenditure plan by $150 million, landing at $300 million, the company said in a press release.

Ramped-down North American activity due to the coronavirus outbreak that crumbled crude price is expected to reflect on TechnipFMC's (FTI) Surface segment's top line in Q1 results.

TechnipFMC's (FTI) order backlog increases to $21.9 billion in the first quarter, improving 23.5% from the year-ago level.

U.S. stocks gained strength on Wednesday, thanks to investors' optimism over rebound in oil prices.

Genesis has won a pre-FEED contract for preliminary design of an FPU. PHOTO SOURCE: Genesis

FMC Technologies (FTI) delivered earnings and revenue surprises of -150.00% and -8.79%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

BP plc (BP) missed earnings estimates, Kinder Morgan (KMI) reported in line, while Baker Hughes (BKR) came out with better-than-expected bottom-line number.