Search results for: SpinCo

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  • 27 August 2019

    LNG engineer TechnipFMC has decided to separate into two publicly traded companies via a spinoff.

  • 27 August 2019
    Business & Finance, Equipment, Operations & Maintenance

    TechnipFMC has said it plans to separate into two independent, publicly traded companies – RemainCo and SpinCo. The transaction is expected to be structured as a spin-off of TechnipFMC’s Onshore/Offshore segment to be headquartered in Paris, France. The separation is expected to be completed in the first half of 2020, subject to customary conditions, consultations […]

  • 27 August 2019
    Business & Finance

    The board of directors of oilfield services provider TechnipFMC has unanimously approved the company’s plan to separate into two independent, publicly-traded companies.

  • 20 January 2020
    Business & Finance

    TechnipFMC has reaffirmed that its planned transaction to separate into two companies, TechnipFMC and Technip Energies, is well on track for completion in the first half of 2020. To remind, the industry giant said last year it plans to separate into two independent, publicly traded companies – RemainCo and SpinCo. The transaction is expected to […]

  • 24 October 2019
    Business & Finance

    Oilfield services company TechnipFMC saw its third quarter 2019 profit drop despite increase in revenues due to charges and credits compared to the same period last year.  According to TechnipFMC’s quarterly report published on Wednesday, the company’s revenue in the third quarter 2019 was $3.3 billion and net income was $21.8 million. These results included […]

  • 17 January 2020
    Business & Finance

    TechnipFMC has reaffirmed that its planned transaction to separate into two companies, TechnipFMC and Technip Energies, is well on track for completion in the first half of 2020.

  • 12 November 2015
    Business & Finance, Operations & Maintenance, Technology

    The Danish-Swiss wind turbine optimizer ROMO Wind is extending its business activities to France, offering local contact and support for the company’s spinner anemometer technology iSpin which is now available to French wind farm operators. Guillaume Steinmetz has been appointed to the position of a business manager for France and will lead ROMO Wind’s activites from Paris. […]

  • 29 April 2013
    Business & Finance, Operations & Maintenance

    Fuglesangs AS announced that it has initiated to spin-off its subsea pump business into a newly formed entity to be called Fuglesangs Subsea AS. The spin-off is being effected to allow Fuglesangs Subsea to increase its focus on the rapidly growing subsea pumping and processing markets. Following the spin-off, Fuglesangs Subsea will partner with US […]

  • 19 March 2012
    Environment

      Environmental Protection Administration (EPA) said that the proposed wind farm offshore Changhua County coast will affect white dolphin and migratory birds, reports Taiwan News. Fuhai Wind Power Co. plans to install 52 wind turbines around 10 km off the coast of Fangyuan, in water depths of up to 45 meters. The wind farm is […]

  • 19 March 2012
    Environment

      Environmental Protection Administration (EPA) said that the proposed wind farm offshore Changhua County coast will affect white dolphin and migratory birds, reports Taiwan News. Fuhai Wind Power Co. plans to install 52 wind turbines around 10 km off the coast of Fangyuan, in water depths of up to 45 meters. The wind farm is […]

  • 4 March 2013
    Technology

    A big turbine started spinning off Choshi in Chiba prefecture, writes Kyodo News. The 2.4 MW turbine produced its first power on Monday, as it was previously announced that the operation will commence this month. It has been installed within a research project with Tokyo Electric Power Co. (TEPCO). This 126 meter high turbine has […]

  • 14 December 2016

    Talks between shipping group A.P. Moller-Maersk and DONG Energy to merge their oil and gas business have stalled after the two Danish firms could not agree on a price, industry and banking sources said on Wednesday.

  • 19 March 2012
    Business & Finance, Research & Development

    Environmental Protection Administration (EPA) said that the proposed wind farm offshore Changhua County coast will affect white dolphin and migratory birds, reports Taiwan News. Fuhai Wind Power Co. plans to install 52 wind turbines around 10 km off the coast of Fangyuan, in water depths of up to 45 meters. The wind farm is expected […]

  • 18 June 2020
    Business & Finance, IT & Software

    A new digital company named ZeroNorth, a spin-off from Maersk Tankers, has been established, aiming to accelerate digitalization of shipping to address CO2 emissions and boost earnings. The company is making available the software Optimise (previously known as SimBunker) to vessel owners and operators, to reduce bunker consumption by determining the optimal speed of each vessel using […]

  • 14 May 2015
    Business & Finance, Technology

    Nautricty, the University of Strathclyde spin-out company, has been awarded for its CoRMaT tidal energy device. The Spinout Company of the Year award was presented to Nautricity ‘s environmental policy analyst Stephanie Conesa at New Energy and Cleantech Awards held at the Park Plaza, in London. Nautricity’s CoRMaT tidal turbine uses two closely spaced dissimilar rotors, moving […]

  • 5 September 2014
    Equipment

    Damen Marine Components will supply a total eight 5,050 millimetre propeller nozzles for four ultra long distance towing and anchor handling vessel newbuildings. They are the largest nozzles that DMC will have manufactured with its spinning machine technique to date. The order was granted by Caterpillar Propulsion of Gothenburg. Caterpillar is to provide the complete […]

  • 8 March 2012

    Damen Marine Components (DMC) has developed a pioneering nozzle production method bases on a single weld seam on the inner side of the nozzle. This makes the process much more efficient and environmentally friendly. The new Nozzle Spinning Machine can deliver nozzles up to 4.5 m at short notice. Based in Hardinxveld in the Netherlands […]

  • 8 March 2012
    Business & Finance, Equipment, Technology

    Damen Marine Components (DMC) has developed a pioneering nozzle production method bases on a single weld seam on the inner side of the nozzle. This makes the process much more efficient and environmentally friendly. The new Nozzle Spinning Machine can deliver nozzles up to 4.5 m at short notice. Based in Hardinxveld in the Netherlands […]

  • 25 June 2014
    Authorities & Government

    RES Offshore announced that applications made on behalf of Argyll Tidal Ltd to Marine Scotland and Argyll & Bute Council have recently been approved. The marine license and planning consent allows for the installation of a single, up to 500kW, demonstration tidal device off the Mull of Kintyre, a project which would have the ability […]

  • 25 June 2014
    Business & Finance, Operations & Maintenance

    RES Offshore announces that applications made on behalf of Argyll Tidal Ltd to Marine Scotland and Argyll & Bute Council have recently been approved. The marine license and planning consent allows for the installation of a single, up to 500kW, demonstration tidal device off the Mull of Kintyre, a project which would have the ability […]

  • 7 June 2015

    Nordseewerke Files for Bankruptcy Nordseewerke from Emden, Germany, has filed for bankruptcy due to the upcoming imminent insolvency, CEO Thierry Putters told German media. USA: Icebreaker OW Project to Use Mono Bucket Foundations The Lake Erie Energy Development Corporation (LEEDCo) announced today that the Icebreaker offshore wind project, planned for the Ohio waters of Lake […]

  • 7 June 2015

    Nordseewerke Files for Bankruptcy Nordseewerke from Emden, Germany, has filed for bankruptcy due to the upcoming imminent insolvency, CEO Thierry Putters told German media. USA: Icebreaker OW Project to Use Mono Bucket Foundations The Lake Erie Energy Development Corporation (LEEDCo) announced today that the Icebreaker offshore wind project, planned for the Ohio waters of Lake […]