TechnipFMC responds to market challenges with plans to cut capex by 30 pct

Oilfield services company TechnipFMC is taking a set of actions in response to the current market environment, including a 30% reduction in capex. 

These actions include a 30% reduction in 2020 capital expenditures to $300 million – a reduction of $150 million when compared to the company’s previous full-year guidance.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.