TechnipFMC Wins $1 Billion Subsea Contract
scope with its consortium partner Van Oord, through their wholly owned UAE incorporated subsidiary, Van Oord Gulf FZE, and in cooperation with strategic major subcontractor Allseas.In addition, TechnipFMC has been awarded separate contracts under its wholly owned US incorporated subsidiary FMCTI (FMC Technologies Inc.), to provide subsea hardware in support of well construction and the EPCI scope.Arnaud Pieton, President Subsea at TechnipFMC, said, “We are extremely pleased to have been selected for the majority of the Mozambique LNG subsea scope. TechnipFMC will execute its scope utilizing our integrated
FMC Technologies to Pay $2.5 Mln for Overstating Profits
Energy technology company FMC Technologies Inc will pay a $2.5 million penalty to settle charges that it overstated profits in one of its business segments, the U.S. Securities and Exchange Commission said on Thursday. Two now former executives made the improper adjustments after being pressured to improve the financial performance of the Houston-based company's energy infrastructure department, the SEC said. FMC Technologies and the two executives consented to the SEC's order without admitting or denying the findings, the agency said. A spokesman for FMC and lawyers for the
FMC Technologies Wins Boosting Work off Angola
FMC Technologies, Inc. has been contracted to provide subsea multiphase boosting pumps, manifolds and installation support services for Eni Angola's Block 15/06 West Hub Development Project located off the coast of Angola. The company's subsea multiphase boosting pumps improve production economics by reducing backpressure on the reservoir, increasing flow rates and total recoverable reserves. Multiphase pumps have a wide operating envelope and are suitable for a broad range of conditions. “This is our second award for our new subsea multiphase boosting system and we are confident
FMC Technologies Bags OTC Award for InLine ElectroCoalescer
FMC Technologies, Inc. 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. The award recognizes and honors innovative technologies in the oil and gas industry that significantly impact offshore exploration and production. According to FMC Technologies Chairman and CEO, John Gremp, this year’s award is the company’s 13th Spotlight on New Technology award from OTC. “We are thinking differently about how we design, develop and apply technology,” Gremp said
Technip Explores Sale; Talks with FMC Technologies
French oilfield services company Technip is exploring a sale and has held talks with U.S. peer FMC Technologies Inc about a potential combination, according to people familiar with the matter on Wednesday. A deal would illustrate how lower energy prices are driving consolidation in the oil services sector, as companies seek savings and synergies to boost profits amid a supply glut that is weighing on exploration and production. Technip and FMC Technologies, which have market capitalizations of 5.3 billion euros ($5.8 billion) and $6.8 billion respectively, have not yet agreed on
FMC Technologies, Technip to launch Forsys Subsea
FMC Technologies Inc. and Technip today signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of two subsea industry leaders. This alliance will redefine the way subsea fields are designed, delivered and maintained. Bringing the industry’s most talented subsea professionals together early in the project concept phase, Forsys Subsea will have the technical capabilities, products and systems to significantly reduce the cost of subsea field development and provide the technology to maximize well performance
FMC Technologies to Supply Subsea Systems for Total
FMC Technologies awarded subsea systems contract for Total's Edradour and Glenlivet fields FMC Technologies, Inc. announced today that it has received an order from Total to supply subsea systems for its Edradour and Glenlivet fields offshore in the West of Shetland area. FMC Technologies' scope of supply consists of subsea equipment including manifolds and associated connections and controls equipment, wellhead systems, subsea tie back connection equipment and a subsea production tree. "FMC Technologies is pleased to be supplying the subsea systems for the developments," said Tore
MTR100: The Norway Way
subsea oil and gas market. As Cameron Chairman, President and CEO, Jack B. Moore explained, OneSubsea essentially provides a marriage of Schlumberger’s oilfield services technology and Cameron’s subsea equipment heritage. OneSubsea leverages Cameron’s flow control expertise, process technologies and world-class manufacturing and aftermarket capabilities, along with Schlumberger’s petro-technical leadership, reservoir and production technology and R&D capabilities, while also bringing into play its subsidiary, Framo Engineering, which provides subsea measurement, boosting and
FMC Signs Joint Subsea Tech Agreement with Oil Majors
FMC Technologies, Inc. says that it has signed an agreement which establishes a joint industry program that includes Anadarko Petroleum Corporation, BP, ConocoPhillips and Shell for the purpose of jointly developing a new generation of standardized subsea production equipment and systems designed to meet the challenges of producing oil and gas from deepwater reservoirs with pressures of up to 20,000 psi and temperatures of 350°F at the mudline. FMC Technologies explains that it brings four operators together to jointly develop subsea equipment and systems that will meet the technical challenges
February 2024
