Franco-American oil services firm TechnipFMC Plc said on Monday it would spin off its engineering and construction operations into a separate company, leaving it as a technology-focused equipment supplier to oil and gas companies.TechnipFMC, which had a market capitalization of $10.31 billion, said the new Paris-based company will deal with onshore and offshore oil and gas projects. The split is expected to be final in the first half of 2020…
Centrica has awarded a string of contracts to FMC Technologies, Subsea 7 and Aker BP / Maersk Drilling, for its Oda field development in the Norwegian sector of the North Sea. The Oda oil field (previously called Butch) was discovered in 2011…
Shareholders of both US-based underwater tech firm FMC Technologies and French engineering house Technip have voted to approve the proposed business combination of the two companies, the firms announced today (5 December). The merger was announced back in May…
FMC Technologies and Technip announced that the pending, combination between the companies has received a clearance decision issued by the General Superintendent of Administrative Council for Economic Defense, (CADE), the Brazilian antitrust authority…
For the first time, wireless technology has been used downhole on a subsea well. John Sheehan speaks with FMC Technologies to learn more. Communicating beneath the waves. Images from FMC Technologies…
FMC Technologies and Technip been cleared by the European Commission to go ahead with a merger. The firms are set to combine, with shareholders due to vote on the move, announced back in May, on 5 December. Clearance decisions have…
Statoil has awarded contracts to the FMC Technologies and Technip joint venture Forsys Subsea, and to Aker Solutions for its Trestakk field development that is scheduled for start-up in 2019, offshore Norway. Illustration of the Trestakk field…
Technip and FMC Technologies have been picked by Hurricane Energy to be an exclusive provider of subsea equipment to the firm's fractured basement Lancaster development, west of Shetland. Under a provisional agreement, the firms, under their alliance…
FMC Technologies has installed and tested its annulus monitoring system (AMS) in an offshore well in Malaysia owned by Petronas. A winner of the 2015 Offshore Technology Conference Spotlight on New Technology award, FMC Technologies’…
Shell has awarded the duo of Sulzer and FMC Technologies a subsea multiphase boosting pump contract to upgrade one of the pumping modules in the supermajor’s Parque das Conchas, a deepwater oil field off the coast of Brazil. Image from Sulzer…
FMC Technologies and DOF Subsea have entered into an agreement for two new remotely operated vehicles (ROVs) from FMC’s Schilling Robotics business line. The HD and UHD-III ROVs will be delivered in December 2016. These ROVs will be utilized by DOF Subsea for its inspection…
Technip and FMC Technologies announced that the pending US$13 billion merger transaction between the companies has received an early decision from the United States antitrust regulators under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act)…
FMC Technologies and Technip executed a business combination agreement (BCA) on 14 June 2016 regarding their proposed merger announced on 19 May. The execution of the BCA follows conclusion of the required work council consultation process in Europe…
French engineering house Technip and US-based underwater technologies firm FMC Technologies are to combine, creating a new US$13 billion business, the firms announced this morning. The companies, which firmed a joint venture, Forsys Subsea…
Douglas J. Pferdehirt has been appointed president and CEO of FMC Technologies, effective 1 September 2016. Pferdehirt will succeed John T. Gremp, who will continue to serve as chairman of the board of directors while the company completes its transition to the new CEO…
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