The offshore drilling market is estimated to more than double in size by 2032, from $36.5 billion in 2023 to nearly $75 billion. Proponents of the technology, which involves subsea drilling for oil and gas, argue that it's cleaner than traditional extraction methods, due to lower emissions - while critics point to the potential for disaster, like the notorious Deepwater Horizon spill.
Amidst the ongoing energy debate, TechnipFMC (FTI) stands out as one name in the group that's well-positioned for growth. The company's stock is up 33.6% year-to-date (YTD), and Barclays recently named FTI its top offshore pick, highlighting its strong position in the industry.
