Core Insights - TechnipFMC plc is projected to experience significant earnings growth, with a 20% increase in 2025 and a further 19% in 2026, driven primarily by its Subsea business [1][8] - The Subsea segment achieved orders of $2.6 billion in Q2 2025, contributing to a total backlog of $15.8 billion, which has increased in six of the last seven quarters, providing strong revenue visibility [2][8] - The durability of Subsea services, which can generate income for 20-35 years post-installation, offers a stable revenue stream that mitigates the impact of energy market fluctuations [3] TechnipFMC Financial Performance - Earnings per share (EPS) are expected to rise from $2.18 in 2025 to $2.59 in 2026, reflecting a robust growth trajectory [1][8] - Subsea revenues are forecasted to be between $8.4 billion and $8.8 billion in 2025, with margins projected at 19-20%, indicating strong operational execution and increased activity levels [2] - EBITDA margins expanded to 21.8% in Q2, highlighting a shift towards more profitable projects and services [2] Market Position and Comparison - TechnipFMC's shares have increased approximately 36% this year, outperforming the Oil/Energy sector's growth of 5.6% [7] - The company is trading at a premium in terms of forward price-to-earnings ratio compared to the industry average, indicating strong market confidence [10] Other Companies with Strong EPS Growth - Leidos Holdings, Inc. is expected to see a 10% EPS improvement in 2025 and a further 5% in 2026, driven by its focus on digital modernization and energy infrastructure [5] - Zebra Technologies is projected to achieve a 16% EPS increase in 2025 and 12% in 2026, supported by recovery in end-market demand and expansion into machine vision and robotics [6]

Core Insights - Oceaneering International (OII) has secured a significant multi-year contract valued between $80 million and $90 million from Esso Exploration Angola, starting July 1, 2025, reinforcing its strong presence in Angola's offshore energy sector [1][2][8] Contract Details - The contract was awarded after a competitive tendering process and will span three years, enhancing Oceaneering's position as a leading provider of subsea robotics and integrated offshore solutions in West Africa [2][8] - The scope includes advanced remotely operated vehicles (ROVs), intervention workover control systems (IWOCS), satellite communication systems, hydrate remediation services, subsea inspection, and expert engineering support [2][8] Technical Capabilities - Oceaneering will deploy multiple work-class ROVs designed for deepwater operations, supported by modular tooling packages tailored to meet Esso's operational objectives [4][5] - The IWOCS provided by Oceaneering will facilitate efficient well commissioning, maintenance, and intervention activities, recognized for their modular design and rapid mobilization capabilities [6][7] Subsea Engineering and Inspection - Oceaneering's strengths in subsea inspection and engineering design are highlighted, utilizing proprietary technologies and data analytics for real-time integrity insights critical for asset lifecycle management [9][8] - The company offers proactive hydrate remediation solutions to prevent flow assurance challenges, ensuring optimal system performance in deepwater environments [9] Communication and Operational Efficiency - The integration of satellite communication systems into offshore workflows will enhance operational connectivity, allowing for remote monitoring and rapid decision-making [10][11] Local Engagement and Workforce Development - Oceaneering's operations in Angola are supported by local subsidiaries, focusing on workforce development and aligning with Angola's national content goals [12][13] - The contract supports Oceaneering's strategy to strengthen its presence in Africa while delivering value beyond the oilfield [13] Strategic Importance - Angola Block 15 is a prolific offshore block, and by securing this contract, Oceaneering aligns with Esso's operational requirements, ensuring high standards of safety and innovation [14][15] Industry Leadership - The contract win reinforces Oceaneering's position as a trusted partner in Angola's offshore energy sector, reflecting its capabilities in subsea robotics and intervention services [16] - As the energy industry evolves, Oceaneering is well-positioned to capture future opportunities in Angola and beyond, focusing on technological advancements and sustainable operations [17][18] Conclusion - The awarded contract underscores Oceaneering's commitment to technical excellence, operational reliability, and local engagement, setting new benchmarks for offshore services in Angola and globally [19]