Plexus narrows losses as ‘reset and rebuild’ plan shows promise, but shares sink 12%
Losses narrowed at Plexus Holdings in 2018-19 as the oil-well-technology firm’s “rebuild and reset” plan showed promising signs.
TechnipFMC
TechnipFMC unveils ‘Technip Energies’ ahead of business separation
TechnipFMC has unveiled the new name for its engineering and construction business as the firm prepares to split into two separate entities.
Oilfield service companies are going beyond oil – Rystad
Heavyweight oilfield service providers like Saipem and Baker Hughes are diversifying beyond oil and gas development projects and are moving increasingly into renewable energy projects, Rystad Energy finds.
Profits halved at TechnipFMC
TechnipFMC saw its profits halved in the third quarter of the year amid a series of pre-tax charges and “diverging trends” for its various business segments.
TechnipFMC confirms 50 jobs at risk in Aberdeen
Global energy service giant TechnipFMC has confirmed that 50 jobs are under threat at one of its subsidiaries in Aberdeen.
TechnipFMC inks multi-million deal with Woodside Down Under
Subsea firm TechnipFMC has announced a multi-million deal with Woodside at its Pyxis and Xena fields, located offshore North West Australia.
TechnipFMC awarded multi-million pipeline deal with PetroVietnam
Subsea firm TechnipFMC has announced a multi-million pound deal with PetroVietnam Gas for pipeline work in Southeast Asia.
Rovuma LNG FID pushed back
The Rovuma LNG project has taken another step ahead but a final investment decision (FID) is now expected in early 2020.
TechnipFMC confirms North Sea business will keep name following split
TechnipFMC has confirmed that much of its North Sea business will continue under the same name after the energy service group splits into two separate trading businesses.
Transborders signs up MOL to FLNG plan
Australia’s Transborders Energy has signed up to a joint study agreement with Mitsui OSK Lines (MOL) on floating LNG (FLNG).
TechnipFMC, DNV GL in digital twin partnership
TechnipFMC and DNV GL have entered into a partnership to develop the oil and gas industry’s first methodology for qualifying the integrity of digital twin technology.
McDermott wins contract for Arctic LNG 2 project in Russia
Engineering services firm McDermott International has won a contract to help deliver a major liquefied natural gas (LNG) project in Russia.
Easy to be left punch drunk and bored by negativity
For almost 30 years I have been relentlessly battered with the oil & gas industry’s supposed track record in innovation.
Exploration wells and FIDs beckon for UKCS
The UK upstream oil and gas sector will be a hive of activity over the coming years, two global energy consultancies have said.
TechnipFMC workforce ‘left in dark’ over future as firm fails to outline split
Concerns were raised last night after a number of north-east workers at a global energy service firm were left in the dark over their future following the company’s announcement of a demerger.
TechnipFMC demerger a ‘bold move’, Woodmac says
The decision by global energy service firm TechnipFMC to split into two separate listed companies has been described as a "bold move" by research firm Wood Mackenzie (Woodmac).
TechnipFMC to split into two ‘separate’ companies
Global energy service firm TechnipFMC has announced it will split the company into two separate business entities.
TechnipFMC gets nod for Shell’s PowerNap project
Shell has selected TechnipFMC to provide subsea equipment for its PowerNap project in the US Gulf of Mexico.
TechnipFMC reports drop in profit for first half of 2019
London-headquartered oil and gas firm TechnipFMC has reported a significant drop in pre-tax profit for the first half of 2019.
‘We are winning’ says TechnipFMC boss as orders surge by 75%
TechnipFMC's chief executive has declared “we are winning” amid what he described as an “unprecedented” level of orders for the company.
TechnipFMC wins contract worth £6.1billion for Russian LNG project
TechnipFMC has won a major contract with Russia’s Novatek worth £6.1billion.
New pay deal agreed for North Sea diving crews
A new pay deal has been agreed which covers around 1,000 workers who are part of North Sea diving crews.
Vision 2035 offers ‘solution’ to UK’s energy challenge
Climate change and the energy transition have competed for media attention recently, pushing Brexit-focused news off the front page and giving us the ideal opportunity to highlight why our industry is going to be needed now more than ever.
TechnipFMC announces major contract awards for Indian deepwater project
TechnipFMC has announced the award of a number of “significant” contracts for a deepwater project off the coast of India.
Neptune Energy gets go-ahead for Duva and Gjoa
Oil and gas firm Neptune Energy has had its development plans for its Duva and Gjoa projects in the North Sea approved by Norwegian authorities.