With margins staying “razor thin” and cost pressures continuing to bear down, the offshore supply chain may take on a “whole new look” this year, according to a Wood Mackenzie analyst.
A global oil and gas consultancy with a base in north-east Scotland has blamed stiff competition for a near doubling of its pre-tax losses.
Losses narrowed at Plexus Holdings in 2018-19 as the oil-well-technology firm’s “rebuild and reset” plan showed promising signs.
TechnipFMC has unveiled the new name for its engineering and construction business as the firm prepares to split into two separate entities.
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.
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.
Global energy service giant TechnipFMC has confirmed that 50 jobs are under threat at one of its subsidiaries in Aberdeen.
Subsea firm TechnipFMC has announced a multi-million deal with Woodside at its Pyxis and Xena fields, located offshore North West Australia.
Subsea firm TechnipFMC has announced a multi-million pound deal with PetroVietnam Gas for pipeline work in Southeast Asia.
The Rovuma LNG project has taken another step ahead but a final investment decision (FID) is now expected in early 2020.
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.
Australia’s Transborders Energy has signed up to a joint study agreement with Mitsui OSK Lines (MOL) on floating LNG (FLNG).
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.
Engineering services firm McDermott International has won a contract to help deliver a major liquefied natural gas (LNG) project in Russia.
For almost 30 years I have been relentlessly battered with the oil & gas industry’s supposed track record in innovation.
The UK upstream oil and gas sector will be a hive of activity over the coming years, two global energy consultancies have said.
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.
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).
Global energy service firm TechnipFMC has announced it will split the company into two separate business entities.
Shell has selected TechnipFMC to provide subsea equipment for its PowerNap project in the US Gulf of Mexico.
London-headquartered oil and gas firm TechnipFMC has reported a significant drop in pre-tax profit for the first half of 2019.
TechnipFMC's chief executive has declared “we are winning” amid what he described as an “unprecedented” level of orders for the company.
TechnipFMC has won a major contract with Russia’s Novatek worth £6.1billion.
A new pay deal has been agreed which covers around 1,000 workers who are part of North Sea diving crews.
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