Search results for: FMC Technologies

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  • 20 October 2016
    Business & Finance

    FMC Technologies, Inc., a provider of oilfield systems and technology, on Thursday posted its third quarter 2016 revenue of $1.1 billion, citing lower activity across all segments. The company, set to merge with France’s Technip, said its revenue was down 29 percent from the prior-year quarter. Net income fell to $32 million, down from $82.5 million […]

  • 21 July 2016

    FMC Technologies, a U.S. based provider of subsea oil & gas production systems, reported a net income of $2.1 million for the second quarter of 2016. This is a drop when compared to the second quarter of 2015, when the company reported a net income of $108 million. FMC Technologies’ revenue for the quarter fell to […]

  • 21 October 2016
    Business & Finance

    FMC Technologies, a Houston-based company providing subsea and surface technology to the international oil and gas market, will pay a penalty for overstating profits. According to a statement by the Securities and Exchange Commission FMC Technologies has agreed to pay a $2.5 million penalty to settle charges that it overstated profits in one of its […]

  • 22 July 2015

    FMC Technologies, Inc., an American global provider of equipment and services for the energy industry, has informed that its net income for the second quarter of 2015 has been cut by more than half to $107.9 million from $226.3 million in the same period last year.  The company posted a second quarter 2015 revenue of $1.7 […]

  • 10 May 2016
    Business & Finance, Equipment

    FMC Technologies, a Houston based subsea systems provider for the oil and gas industry, has appointed Douglas J. Pferdehirt as their new Chief Executive Officer, succeeding John T. Gremp. FMC Technologies announced on Monday that the Board of Directors has appointed Pferdehirt as President and Chief Executive Officer of FMC Technologies, effective September 1, 2016. He will succeed Gremp […]

  • 7 May 2015
    Business & Finance, Equipment

    FMC Technologies and Total have signed a Frame Agreement for technology development. The purpose of this Frame Agreement is to define the R&D relationship and to create a framework for collaborative and innovative projects. The goals of the agreement are to enable an environment where the parties can work together to tackle industry technical challenges […]

  • 27 June 2016

    Paris-based LNG engineer Technip and Houston-based FMC Technologies said that the pending merger transaction between the companies has been cleared by the United States antitrust regulators. The transaction has received an early decision from the United States antitrust regulators under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), concluding antitrust review of the transaction […]

  • 24 November 2016
    Business & Finance

    French oilfield services giant Technip and U.S. subsea equipment specialist FMC Technologies have announced their respective designees to the Board of Directors of the combined company, TechnipFMC, and gained EU Antitrust Clearance. The duo said in a joint statement on Wednesday that these nominations become effective at the close of the proposed combination of the two companies, announced […]

  • 19 May 2016
    Equipment

    French oilfield services giant Technip and U.S. subsea equipment specialist FMC Technologies, have announced a merger agreement. The companies said that the merger will create “a global leader that will drive change by redefining the production and transformation of oil and gas.” The combined company will be called TechnipFMC and will have an equity value […]

  • 17 June 2016

    Paris-based LNG engineer Technip and Houston-based FMC Technologies executed the business combination agreement following the conclusion of work council consultation process in Europe.

  • 27 June 2016

    Technip and FMC Technologies have announced that their pending merger transaction has received an early decision from the United States antitrust regulators. The pair said on Monday that, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), antitrust review of the transaction in the U.S. under the HSR Act was concluded. Technip and FMC […]

  • 6 December 2016

    Shareholders of both French LNG-engineer Technip and Houston-based FMC Technologies voted on Monday to approve the proposed merger between the two companies. According to a  joint statement by Technip and FMC, shareholders for the two companies met in separate meetings and approved resolutions to combine the companies. FMC Technologies held a special meeting of its shareholders. […]

  • 16 January 2017

    Technip and FMC Technologies are set to finalize the merger on Monday, January 16, 2017, after close of business. The two oilfield services companies issued a joint statement on Monday, saying that TechnipFMC, a company to be established by the merger, secured a visa from the French stock market regulator for its prospectus relating to […]

  • 16 January 2017
    Equipment

    FMC Technologies, a US-based provider of subsea systems for offshore oil and gas industry has delivered its last subsea tree, a piece of equipment used for the monitoring and control of production from offshore wells. Namely, the company, which has delivered more than 2000 units over the years, on Saturday shared a photo of a […]

  • 10 December 2015

    French oil and gas service company, Technip denied recent reports of talks with the Houston-based FMC Technologies regarding a potential combination.

  • 2 December 2016

    French LNG-engineer Technip and Houston-based FMC Technologies said they have received approval from Brazilian antitrust regulators to continue with their proposed merger. The pending combination revealed earlier this year has received clearance by the General Superintendent of the Administrative Council for Economic Defense (CADE). The decision is subject to a 15-day waiting period. Brazil is the […]

  • 19 May 2016
    Business & Finance, Operations & Maintenance, Research & Development

    Two industry giants, Technip and FMC Technologies, have informed that the companies will combine to create a global leader in oil and gas called TechnipFMC. The combined company would have an equity value of $13 billion based on pre-announcement share prices. Technip and FMC Technologies have entered into a Memorandum of Understanding (MoU) and expect to execute a definitive business […]

  • 20 March 2013
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    FMC Technologies, Inc. announced today that it has signed a five-year agreement with Tullow Ghana Ltd. to provide subsea services for its developments in the Jubilee field. Under the terms of the agreement, FMC Technologies will support Tullow Ghana’s completions and production operations for the Jubilee field from its Subsea Service Base in Takoradi, Ghana. […]

  • 3 May 2016
    Equipment

    FMC Technologies won a Spotlight on New Technology award for its InLine ElectroCoalescer, and was recognized at the 2016 Offshore Technology Conference (OTC) in Houston on Monday, May 2. According to the company’s press release on Tuesday, this award recognizes and honors innovative technologies in the oil and gas industry that impact offshore exploration and […]

  • 9 August 2013
    Business & Finance, Equipment

    FMC Technologies, Inc. announced the appointment of two new members to its Board of Directors. The new board members are Clarence P. Cazalot, Jr., Executive Chairman of Marathon Oil Corp., and Peter Mellbye, former Executive Vice President of Development & Production of Statoil ASA. Mellbye will join the Board on October 1, 2013, and Mr. […]

  • 18 October 2013
    Business & Finance

    FMC Technologies, Inc. announced that its President, Robert L. Potter, will retire from the company on November 30, 2013. John T. Gremp, Chairman and CEO of FMC Technologies, will assume the role of President in addition to his current responsibilities. Potter, 62, has been a key contributor to the company’s success. He was instrumental in […]

  • 20 March 2013
    Business & Finance

    FMC Technologies, Inc., a U.S.-based provider of subsea systems and services to the global offshore oil and gas industry, announced today that it has signed a five-year agreement with Tullow Ghana Ltd. to provide subsea services for its developments in the Jubilee field. Under the terms of the agreement, FMC Technologies will support Tullow Ghana’s […]