TechnipFMC subsidiary optimistic about oil market prospects
The Fife-based subsidiary of global oil services firm Technip FMC said it was hopeful of improved trading despite a loss of more than Ā£20 million last year.
The Fife-based subsidiary of global oil services firm Technip FMC said it was hopeful of improved trading despite a loss of more than Ā£20 million last year.
Technip and FMC Technologies said yesterday that they had received anti-trust clearance from the Brazilian authorities ahead of their proposed merger.
Technip and FMC Technologies said yesterday that they had received EU anti-trust clearance ahead of their proposed merger.
Profits at FMC Technologies, which is set to merge with Technip, dropped 65% in the third quarter due to ālower activity across all reporting segmentsā.
FMC Technologies will make up to 200 job losses on the Norwegian Continental Shelf.
French oil services giant Technipās UK business has warned 2017 will be āthe most difficult yearā despite expecting North Sea projects to come back on the market.
FMC Technologies has won a new contract for work with Eni offshore Angola.
Subsea technology giant FMC Technologies has appointed Douglas Pferdehirt, as its new president and chief executive.
New guidelines for leak detection systems for offshore fields has been launched by DNV GL.
FMC Technologie is taking legal action against its four former Norwegian employees claiming they have used FMC intellectual property in their new company.
FMC Kongsberg Subsea is set to make 700 job reductions in Norway.
A product line owned by Forum Energy Technologies has won a string of new multi-million dollar contracts in just one month. AMC Engineering has been given multiple orders for the manufacture and supply of its fully rotational torque bucking unit, scheduled for delivery next year. The units have been bought by a number of multinational oil companies in the Middle East, South America and Caspian regions.
Technip has denied speculation it is in merger talks with FMC Technologies.
Technip and FMC Technologies are said to be in merger talks, according to reports. The oilfield services provider has held talks about a potential combination although terms have not yet been agreed on. Sources familiar with the matter said there is no certainty the two companies will do so.
Subsea equipment specialist FMC Technologies has been awarded a NOK1.3billion ($161million) contract by Statoil for the Johan Sverdrup project in the North Sea.
FMC Technologies has opened a 36-acre Supercenter in San Antonio, Texas, servicing the Eagle Ford Shale.
FMC Technologies has received an order from Star Deep Water Petroleum Limited to provide subsea equipment for operations in Nigerian waters. The Agbami field is located 70 miles off the coast of the central Niger Delta region, at a water depth of approximately 4,800 feet.