TechnipFMC has completed its promised spin-off transaction to create two independent, publicly traded companies.
Qatar Petroleum (QP) has taken the final investment decision (FID) for the world’s largest LNG plant, which will increase the country’s production to 110 million tonnes per year.
TechnipFMC will complete its long-awaited separation into two distinct businesses later this month.
TechnipFMC has restarted its bid to split the business in two after the Covid-19 pandemic halted the process.
TechnipFMC UK job cuts are to largely impact its subsea workforce in the north-east as the lion’s share of proposed redundancies have been served to Westhill staff.
Oilfield services firm TechnipFMC is understood to be following up hundreds of job losses across its sites in Norway with scores of UK redundancies.
Energy services firm TechnipFMC has reported a £1.7 billion pre-tax loss in the fourth quarter of 2019.
North-east job losses are thought to be “inevitable” if a potential merger involving two offshore giants takes place, a union boss warned last night.
North Sea job losses could be a potential outcome of “creating another giant” in the oilfield services sector, a top energy consultant said yesterday,
TechnipFMC has unveiled the new name for its engineering and construction business as the firm prepares to split into two separate entities.