Technip FMC CCUS Pivot, $1 B Total Energies Deal, Petrobras HISEP Pilot, and 2 New Energy Projects (2021-2026)

CCUS and New Energy Adoption, Technip FMC Secures £4 B Project and Airbus SAF Deal

Technip FMC is executing a strategic shift from exclusively supporting traditional energy to actively enabling decarbonization and new energy systems, validated by major contracts in both Carbon Capture, Utilization, and Storage (CCUS) and Sustainable Aviation Fuel (SAF). This dual-pronged strategy leverages the company’s core engineering and project management capabilities to reduce the carbon intensity of existing oil and gas operations while simultaneously building a commercial foothold in emerging green industries. The progression from foundational decarbonization projects between 2021 and 2024 to diversification into new value chains like biofuels in 2026 demonstrates a clear and deliberate expansion.

Technip FMC Foundational CCUS Projects

The period from 2021 to 2024 was marked by Technip FMC applying its subsea expertise to decarbonize traditional energy production through significant CCUS projects. This phase focused on adapting existing technologies for carbon management, proving the commercial and technical viability of its approach. These early projects served as critical building blocks for the company’s broader sustainability ambitions.

• In March 2024, the company was selected as a key contractor for the Net Zero Teesside power project, where it is responsible for delivering the UK’s first all-electric subsea system as part of a c.£4 billion CCUS initiative. This project is a major step in industrial-scale decarbonization.
• The company partnered with Petrobras to advance the innovative HISEP (High-Pressure Separation) technology, a subsea system designed to capture and inject CO 2-rich gases directly on the seabed, reducing emissions from topside facilities. This pilot project at the Mero field represents a significant technical step in subsea processing for carbon capture.
• These initiatives demonstrated the company’s ability to secure contracts for complex, first-of-a-kind decarbonization infrastructure by leveraging its established leadership in subsea engineering.

Technip FMC Expansion into Biofuels

Beginning in 2025, Technip FMC expanded its strategy beyond decarbonizing its core market to entering adjacent new energy sectors. This shift is most evident in its move into the sustainable fuels market, applying its extensive experience in building complex processing plants to the growing bio-economy and addressing hard-to-abate sectors like aviation.

• On June 10, 2026, Technip FMC announced a landmark collaboration with Airbus, Safran, and Tereos to develop a large-scale Sustainable Aviation Fuel (SAF) production facility in France. This alliance places the company at the center of the aviation industry’s decarbonization efforts.
• This project leverages Technip FMC’s traditional engineering, procurement, and construction (EPC) expertise and applies it directly to the biofuels value chain, signaling a strategic intent to become a key technology and execution partner in the bio-economy.
• The company also began embedding sustainability deeper into its own operations by creating roles like “Sustainability sourcing & procurement lead” to decarbonize its global supply chain, reflecting a holistic approach.

Technip FMC $14.4 B Backlog, Anchored by $1 B Total Energies Award (2024-2026)

Strong financial performance in the core subsea business, highlighted by a record backlog and major integrated contracts, provides the capital engine for Technip FMC’s strategic investments into sustainability-focused technologies and new energy markets. The company’s pragmatic strategy of optimizing its established oil and gas business generates the free cash flow necessary to self-fund its expansion into lower-carbon opportunities without taking on excessive external risk.

Technip FMC Securing High-Value Subsea Contracts

Market demand for efficient, lower-footprint offshore production systems has driven significant commercial success for Technip FMC’s flagship technologies. The company’s integrated project model and standardized hardware are delivering both financial returns and environmental benefits, which has been validated by a series of high-value contract awards from major energy producers.

• Subsea orders reached $10.4 billion for the full year 2024, driving the total company backlog to $14.4 billion, a 9% increase from the prior year.
• In November 2024, Total Energies awarded Technip FMC an integrated Engineering, Procurement, Construction, and Installation (i EPCI) contract valued at over $1 billion for its Subsea 2.0™ systems.
• The Subsea 2.0™ platform and the i EPCI™ model are key drivers of financial performance, contributing to a surge in Subsea margins to 17.7% in Q 2 2026.

Technip FMC Funding the New Energy Pivot

The profitability of Technip FMC’s core business is the financial foundation for its energy transition strategy. The company explicitly links its strong performance in traditional energy to its ability to invest in and scale its “New Energy” division, which includes activities in green hydrogen, CCUS, and sustainable fuels.

• The company’s stated strategy is to convert its robust project backlog into stronger margins and improved free-cash-flow generation to fund its expansion. This allows for self-funded investment without diluting focus on its core competencies.
• The financial discipline demonstrated in the Subsea segment provides the credibility and capital required to undertake large-scale, long-cycle projects in emerging sectors like the SAF facility with Airbus.
• This model positions the company to capture growth in markets like offshore wind, projected to reach $360.0 billion by 2035, and CCUS, projected to hit $15.4 billion by 2036.

Table: Key Technip FMC Commercial Awards and Investments (2024-2026)

From Guyana to the UK, Technip FMC Global Sustainability Projects

Technip FMC’s sustainability-related activities are geographically concentrated in key energy hubs with strong national decarbonization mandates, including Brazil, the UK, Guyana, and France. This targeted approach allows the company to align its projects with supportive regulatory frameworks and partner with major local players who are central to achieving regional energy transition goals.

Technip FMC Focus in the Americas

In the Americas, Technip FMC’s efforts are focused on enabling both the decarbonization of major offshore production and the development of gas as a transitional fuel source. Projects in Brazil and Guyana are central to this regional strategy, showcasing the company’s ability to execute complex subsea infrastructure.

• Brazil: The company maintains a deep engagement with Petrobras on pre-salt field developments. This partnership is highlighted by the joint effort to pilot the groundbreaking HISEP CO 2 separation technology, designed to handle the specific geological and emissions challenges of Brazil’s offshore basins.
• Guyana: Technip FMC played a critical role in the $1.9 billion Gas-to-Energy project, a key piece of national infrastructure designed to lower energy costs and reduce emissions by utilizing domestic natural gas.

Technip FMC European Decarbonization Hubs

Technip FMC’s European activities are centered on industrial decarbonization and the development of next-generation fuels, supported by ambitious government policies. The UK and France have become key markets for the company’s CCUS and sustainable fuels initiatives, respectively.

• United Kingdom: The company is a central contractor for the Net Zero Teesside project, a cornerstone of the UK’s industrial decarbonization strategy. Its work on the project’s all-electric subsea system positions it as a key enabler of large-scale Technip FMC Carbon Capture Initiatives.
• France: The country is the location for the new SAF production facility being developed with Airbus and other partners, reflecting Technip FMC’s strategic focus on aligning with Europe’s green industrial policy and expanding into the circular economy.

Subsea Technology Maturity, Technip FMC Deploys Subsea 2.0 and HISEP

Technip FMC is maturing its technology portfolio from efficiency-focused platforms like Subsea 2.0 to pilot-stage decarbonization systems like HISEP, demonstrating a clear pathway from incremental improvements to disruptive innovation. This progression shows a strategic approach where commercially proven technologies generate the returns needed to fund and de-risk the development of next-generation solutions for the energy transition.

Technip FMC Commercially Deployed Efficiency Platforms

The company’s most mature sustainability-enabling technologies are those that deliver immediate efficiency gains and footprint reductions for traditional energy projects. These systems are fully commercialized and are now being deployed at scale, delivering measurable financial and environmental results.

• Subsea 2.0™ and i EPCI™: These integrated systems are commercially proven and have become a significant revenue driver, as seen in the >$1 billion contract from Total Energies. By standardizing hardware and integrating project execution, they reduce material use, vessel time, and overall project carbon footprint.
• All-Electric Systems: This technology is moving from concept to reality with its deployment in the Net Zero Teesside project. By replacing hydraulic systems, these all-electric controls reduce the risk of fluid leaks and improve energy efficiency, directly lowering the operational carbon footprint of subsea facilities.
• Subsea Water Separation and Treatment (SWST): Studies have validated the significant environmental benefits of this technology, with the potential for up to 38% lifetime energy savings and an over 80% reduction in produced water handled topside. Wider commercial deployment is the next step to confirm its market maturity.

Technip FMC Piloting Next-Generation Decarbonization Tech

Technip FMC is also investing in novel technologies that have the potential to fundamentally change how offshore energy is produced and how carbon is managed. These systems are currently in the pilot or early engineering phase, representing the company’s long-term vision for a decarbonized energy system.

• HISEP Technology: This subsea CO 2 separation and injection system is in a critical pilot phase with Petrobras in Brazil. A successful pilot would validate a new, more efficient model for subsea carbon capture, moving the technology from a developmental stage to a commercially scalable solution.
• Sustainable Aviation Fuel (SAF) Plant Engineering: While Technip FMC has deep expertise in process plant engineering, its application to SAF production with Airbus is a new venture. The success of this project will prove its ability to transfer its core competencies to the growing Technip FMC Green Hydrogen Initiatives and biofuels economy.

Technip FMC SWOT Analysis, Leveraging Subsea Strength for New Markets (2021-2026)

Technip FMC’s primary strength is its established subsea technology and project execution leadership, which it is using to exploit new energy opportunities; however, it faces threats from the long development cycles and policy dependence of emerging markets like CCUS and SAF. The company’s strategic pivot requires balancing the demands of its profitable core business with the uncertainties of building new growth engines.

Table: SWOT Analysis for Technip FMC Sustainability Initiatives

Mixed ESG Performance: Strong Ethics, Lagging Carbon & Leadership Training
TechnipFMC shows mixed ESG performance in Year 1 against 2021-2023 targets. While ethics training and female graduate recruitment meet or exceed goals, critical environmental efforts like reducing client and operational carbon footprint (actual 22% vs target 33%, and 279kt CO2eq vs target 338kt CO2eq respectively) and social initiatives like inclusive leadership training (54% vs 100% target) are significantly underperforming. Key HSE prevention projects (61% of target) are also lagging, posing operational risks.

Underperformance in Carbon & Diversity Threatens Resilience and Talent
Underperformance in carbon footprint reduction exposes TechnipFMC to increased climate transition risks, potential regulatory penalties, and reputational damage. The shortfall in inclusive leadership training and senior management diversity (21% vs 26% gender target) can hinder innovation, impact talent attraction, and signal a cultural gap, affecting long-term business resilience and social license to operate.

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2027 Outlook, Technip FMC SAF and HISEP Commercialization

The primary indicator to watch in the next 12-18 months is the successful transition of Technip FMC’s pilot-stage “New Energy” projects, particularly the HISEP system and the SAF facility, from engineering studies to final investment decisions and construction. The company’s ability to convert these strategic initiatives into contracted backlog will be the ultimate test of its diversification strategy and its ability to lead in new energy infrastructure.

Technip FMC Key Signals for New Energy Success

The next phase of growth for Technip FMC’s sustainability business hinges on specific commercial and technical milestones. These events will signal whether the company’s early-stage investments can be replicated and scaled into significant, profitable business lines, solidifying its role in the broader energy transition beyond its traditional Technip FMC LNG Initiatives.

• If Petrobras greenlights a full-field rollout of HISEP technology following the successful completion of the Mero 3 pilot, watch for a rapid increase in Technip FMC’s order intake for subsea processing systems specifically designed for carbon capture. This would validate HISEP as a commercially viable decarbonization solution.
• If the Airbus SAF consortium reaches a Final Investment Decision (FID) on the French facility, watch for Technip FMC to announce similar engineering partnerships for other large-scale biofuel projects in Europe or North America, leveraging its first-mover advantage.
• These could be happening: The company’s financial discipline, using strong cash flow from its high-margin subsea business to fund these new ventures, will be critical. Success in these initial anchor projects is necessary to prove the business model of leveraging traditional energy expertise for the transition and to attract partners for the next wave of Technip FMC Hydrogen Initiatives.

The questions your competitors are already asking

This report covers one angle of TechnipFMC’s energy transition strategy. The questions that matter most depend on your work.

• Saipem new energy and carbon capture projects
• Petrobras HISEP pilot results and timeline
• Oil and gas engineering firms building sustainable aviation fuel plants
• How oilfield service companies fund energy transition investments

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