TechnipFMC and Prysmian Form Floating Wind Partnership
an integrated solution that accelerates time to first power and reduces cost, while improving overall system reliability. This innovative subsea offering will create significant value for our customers and further differentiate TechnipFMC as the leading architect for offshore energy,” added Doug Pferdehirt, Chair and CEO at TechnipFMC
TechnipFMC Splits the Company in Two
to the company's detailed description, Technip Energies an Engineering & Technology company for the energy transition, "with leadership positions in LNG, hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management."Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated: “I am delighted to announce the successful completion of the separation transaction. As the market leader and industry’s only fully integrated pure-play, we are uniquely positioned to transform our clients’ project economics, helping
TechnipFMC to Split into Two Companies
cutbacks in spending on new offshore oil and gas development projects.Shares of TechnipFMC rose more than 6% before paring gains to 4.3% shortly before the close.Company names after the spin-off were not disclosed.Although the 2017 Technip-FMC Technologies merger was successful, Chief Executive Doug Pferdehirt said the spin-off would improve flexibility and allow the new companies to unlock new opportunities."The strategic rationale is compelling," Pferdehirt told investors during a conference call on Monday."When you over-integrate, the customer sometimes sees you as being greedy.
TechnipFMC: Record Orders, Backlog in Q2
created by a 2016 merger of France's Technip and U.S. rival FMC Technologies to weather the oil price crash that had forced their oil major clients to slash budgets and shelve projects."We achieved record inbound orders in the quarter, with total company orders reaching $11.2 billion," Doug Pferdehirt, chairman and CEO of TechnipFMC, said in a statement.Onshore/offshore inbound orders of $8.1 billion was also a new record for the business segment and the total backlog for projects for the company increased more than 75 percent since year-end to $25.8 billion.Pferdehirt said TechnipFMC was
TechnipFMC Resolves US and Brazil Probes
to resolve investigations into conduct dating back over a decade ago."Today we announce the resolution of these investigations. This conduct dating back over a decade ago, taken by former employees, does not reflect the core values of our company today," said TechnipFMC chairman and CEO Doug Pferdehirt.As previously disclosed, TechnipFMC has also been cooperating with an investigation by the French Parquet National Financier (PNF) related to historical projects in Equatorial Guinea and Ghana."To date, this investigation has not reached resolution. TechnipFMC remains committed to finding
TechnipFMC Names New Chairman
Oil services group TechnipFMC said on Thursday Doug Pferdehirt would replace Thierry Pilenko as its executive chairman, following Pilenko's imminent retirement.Pilenko was one of the key directors behind the 2016 merger between French company Technip and U.S. rival FMC, as a drop in oil prices spurred consolidation within the oil services sector.(Reporting by Sudip Kar-Gupta; Editing by Mark Potter)
TechnipFMC Begins Operations Post-merger
key focus for TechnipFMC will be project economics across subsea, onshore/offshore and surface, the company said in a press release. "With our merger complete, TechnipFMC is uniquely positioned to unlock possibilities for our clients to transform their project economics,” said Doug Pferdehirt, Chief Executive Officer of TechnipFMC. “We will do this by inspiring a culture of challenging conventions and finding new and better ways of doing things.” Thierry Pilenko, Executive Chairman of TechnipFMC, said, “As one company, we can make oil and gas projects more
Technip, FMC Target Oil Services 'Big League' with Merger Deal
, and each FMC Technologies share will be exchanged for one share of TechnipFMC, with each company's shareholders owning close to 50 percent of the combined company. Pilenko will serve as executive chairman of TechnipFMC, while FMC Technologies' President and Chief Operating Officer Doug Pferdehirt will be CEO, the companies said. The transaction is expected to close early in 2017. Last year, the two companies formed a joint venture, Forsys Subsea, aimed at reducing the cost of subsea oilfield exploration. Technip has a market value of about $6.2 billion, compared with
February 2025
