TechnipFMC merger complete

TechnipFMC has started operating as a unified, combined company following completion of the merger of FMC Technologies and Technip.

The company on Tuesday said the merger creates “a global leader in oil and gas projects, technologies, systems, and services that will enhance the performance of the world’s energy industry.”

In its first official statement TechnipFMC said it was “well-placed” to meet the challenge and lead this change.

The company said that by bringing together complementary skills and innovative technologies it can boost efficiency, lower costs, and accelerate schedules.

“Whether clients need an individual operation or an end-to-end solution, TechnipFMC is positioned to transform project economics across subsea, onshore/offshore and surface, and lay the foundation for sustainable success,” the company said.

“This is a transformational day for TechnipFMC and our employees,” said Thierry Pilenko, Executive Chairman of TechnipFMC.

“As one company, we can make oil and gas projects more viable, driving value for our clients and shareholders. With an unmatched commitment to innovation and efficiency, TechnipFMC will advance the creation of cost-efficient solutions for years to come.”

Doug Pferdehirt, Chief Executive Officer of TechnipFMC, said, “With our merger complete, TechnipFMC is uniquely positioned to unlock possibilities for our clients to transform their project economics. We will do this by inspiring a culture of challenging conventions and finding new and better ways of doing things. I am honored to lead our combined team of talented employees and look forward to our future as TechnipFMC.”

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