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.

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