Search results for: John Gremp

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  • 22 April 2014
    Business & Finance

    FMC Technologies, Inc. has reported first quarter 2014 revenue of $1.8 billion, up 11 percent from the prior-year quarter. Diluted earnings per share were $0.57 compared to $0.43 in the prior-year quarter. Total inbound orders were $2.6 billion and included $1.9 billion in Subsea Technologies orders. Subsea Technologies backlog was $6.8 billion. “As a result […]

  • 5 May 2014
    Business & Finance

    FMC Technologies, Inc. announced that it has broken ground on a new campus at Generation Park, located on the northeast corner of the Sam Houston Tollway (Beltway 8) in Houston, Texas. Within the next 10 years, the company’s goal is to consolidate all of its 10 Houston facilities, including its corporate headquarters to a single, state-of-the-art […]

  • 10 May 2016
    Business & Finance, Equipment

    FMC Technologies has appointed Douglas J. Pferdehirt as president and chief executive officer of FMC Technologies, effective September 1, 2016. Pferdehirt will succeed John T. Gremp who will continue to serve as chairman of the board of directors while the company completes its transition to the new CEO. Gremp, 64, has served as CEO of […]

  • 11 June 2015
    Business & Finance, Equipment, Operations & Maintenance

    Houston-based subsea specialist, FMC Technologies, has reportedly started a next stage of workforce reduction in Norway as it marks a drop in offshore activity and feels the cost control sting from the oil companies. According to Norwegian media reports, FMC Technologies’ board has decided that the company must downsize by additional 400 employees in Norway. […]

  • 23 April 2014

    FMC Technologies reported first quarter 2014 revenue of $1.8 billion, up 11 percent from the prior-year quarter. Total inbound orders were $2.6 billion and included $1.9 billion in Subsea Technologies orders. Subsea Technologies backlog was $6.8 billion. “As a result of strong orders in the quarter, Subsea Technologies achieved record backlog,” said John Gremp, Chairman, […]

  • 3 May 2016
    Business & Finance, Equipment, Research & Development

    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. This award recognizes and honors innovative technologies in the oil and gas industry that impact offshore exploration and production. “We are proud to receive our thirteenth […]

  • 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 […]

  • 24 April 2013

    FMC Technologies, Inc.,a U.S.-based provider of subsea systems and services to the global offshore oil and gas industry, yesterday reported first quarter 2013 revenue of $1.6 billion , up 18 percent from the prior-year quarter. Diluted earnings per share were $0.43 compared to $0.41 in the prior-year quarter. Total inbound orders were $1.8 billion and […]

  • 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 […]

  • 2 December 2011

    FMC Technologies, Inc. announced that it has signed a global alliance agreement with Anadarko Petroleum Corporation to provide subsea systems and life-of-field services for their worldwide subsea development projects. In 1999, FMC supplied equipment for Anadarko’s first subsea project, North Garnet, in the Gulf of Mexico. Since then, the companies have collaborated on other projects […]

  • 2 March 2012
    Business & Finance

    FMC Technologies, Inc. has been named the 2012 World’s Most Admired Company in the Oil and Gas Equipment, Services industry by FORTUNE® Magazine. The rankings are based on a survey of approximately 15,000 senior executives, outside directors and industry analysts. Companies were evaluated based on the following criteria: innovation, people management, use of corporate assets, […]

  • 13 February 2013
    Business & Finance

    FMC Technologies, Inc. reported fourth quarter 2012 revenue of $1.8 billion, up 23 percent from the prior-year quarter. Total company revenue for 2012 was $6.2 billion, and operating profit was $784.7 million. “We are pleased to report record full year subsea revenue and operating profit,” said John Gremp, Chairman and CEO of FMC Technologies. “For […]

  • 21 July 2016
    Business & Finance, Equipment

    FMC Technologies, has recorded a sharp profit drop in the second quarter 2016 as the weak market drove its revenue down, especially in the surface technologies division. The Houston-based subsea specialist generated net income of $2.2 million, or $0.01 per diluted share, on revenue of $1.2 billion, versus net income of $108 million, or $0.46 per diluted […]

  • 22 April 2015

    FMC Technologies, manufacturer and designer of LNG loading systems, reported first quarter 2015 revenue of $1.7 billion, down 7 percent from the prior-year quarter. The company said its revenue dropped because stronger Subsea Technologies performance was offset by the continued strength of the U.S. dollar and the decline in the North American land market. Total inbound […]

  • 23 July 2014
    Business & Finance, Project & Tenders

    FMC Technologies, Inc. has reported second quarter 2014 revenue of $2.0 billion, up 16 percent from the prior-year quarter. Diluted earnings per share were $0.95 compared to $0.44 in the prior-year quarter. The quarterly earnings included a pre-tax $86 million gain, or $0.23 per diluted share, related to the sale of our Material Handling Products […]

  • 30 July 2014
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    FMC Technologies President, Chairman, and CEO John Gremp talks about how the company is setting new standards and solving the unique challenges of High Pressure High Temperature (HPHT) subsea fields. On July 21, 2014 the company announced its joint industry program with BP, Shell, Anadarko Petroleum, and ConocoPhillips to develop standard subsea equipment and systems. […]

  • 7 February 2014

    FMC Technologies reported fourth quarter 2013 revenue of $2.0 billion, up 11 percent from the prior-year quarter.   Total inbound orders were $1.8 billion and included $1.0 billion in Subsea Technologies orders.  Backlog for the company was $7.0 billion, including Subsea Technologies backlog of $6.0 billion. Full Year 2013 Results Total company revenue for 2013 […]

  • 25 April 2012
    Business & Finance

        First quarter Subsea Technologies orders of $1.4 billion   Record Subsea Technologies backlog of $4.7 billion FMC Technologies, Inc., global provider of technology solutions for the energy industry, yesterday reported first quarter 2012 revenue of $1.4 billion, up 29 percent from the prior-year quarter. Diluted earnings per share were $0.41 compared to $0.35 in […]

  • 26 April 2011
    Business & Finance, Equipment

      FMC Technologies, Inc. announced today that it has signed an agreement with Hibernia Management and Development Company Ltd. (HMDC) to manufacture and supply subsea systems for the Hibernia Southern Extension Project. The Hibernia Southern Extension Project is an expansion of the Hibernia field, located on the Grand Banks, approximately 200 miles (315 kilometers) southeast […]

  • 24 July 2013
    Business & Finance

    FMC Technologies, Inc. reported second quarter 2013 revenue of $1.7 billion, up 14 percent from the prior-year quarter. Diluted earnings per share were $0.44 compared to $0.46 in the prior-year quarter. The quarterly earnings included a charge related to the 2013 Multi Phase Meters earn-out adjustment of $9.1 million or $0.04 per share. Total inbound […]

  • 22 April 2015

    FMC Technologies, manufacturer and designer of LNG loading systems, reported first quarter 2015 revenue of $1.7 billion, down 7 percent from the prior-year quarter. The company said its revenue dropped because stronger Subsea Technologies performance was offset by the continued strength of the U.S. dollar and the decline in the North American land market. Total inbound […]

  • 2 March 2011
    Business & Finance, Equipment

      FMC Technologies, Inc.  announced  that it has signed a five-year global frame agreement with BP to provide subsea production systems and life-of-field services for their worldwide subsea development projects. “We have a strong relationship with BP and have supported a number of their projects in the world’s most active deepwater basins,” said John Gremp, […]