The company also reported a net loss of $26.7 million in the fourth quarter of 2022, less than the $127.2 million loss in the same period a year ago.  Net revenues increased 11.2% to $1.7 billion.

“Our subsea opportunities list, which highlights larger projects with the potential for award over the next 24 months, continues to represent a record level,” TechnipFMC chief executive Doug Pferdehirt said.