Technip News

Sam Allen (Photo: Kraken)

Kraken Adds Offshore Exec Sam Allen as Advisor

Canada-based Kraken Robotics announced that it has hired longtime offshore industry executive Sam Allen as a strategic advisor to help the marine technology company refine its strategy for the international offshore energy market.Allen was President of Technip Canada from 1997 to 2012 and headed up Technip Oceania from 2012 until he retired from Technip in 2018.At Kraken, he will focus on landing additional pilot projects and converting pilot projects to longer-term recurring revenue contracts, the company said, adding this may include collaboration with additional industry partners as well as M&A

(Photo: TechnipFMC)

TechnipFMC Shelves Spin-off Due to Market Turmoil

Franco-American oil services firm TechnipFMC Plc is putting on hold plans to split itself into two due to turbulence in financial markets linked to the coronavirus outbreak, it said on Sunday.The group, created three years ago via the merger of Technip and FMC, had been planning to separate its engineering and construction activities from its upstream oil services business in the first half of this year."Market conditions have changed materially due to the COVID-19 pandemic, the sharp decline in commodity prices, and the heightened volatility in global equity markets," TechnipFMC said in a

© James Steidl / Adobe Stock

Diver Health the Focus of Research Project

no medical research to support its effectiveness or explore better methods. The JIP is therefore seeking to provide this evidence and to see if resuscitation techniques can be improved.To date the JIP is being funded by Boskalis, DFS Diving, KD Marine, Kreuz Subsea, Rever, Shelf Subsea, Statoil, Technip and Total. A further $19,400 is still to be secured from the industry to complete the research

Kevin Murphy, Deputy CEO. Photo: Ocean Installer

Ocean Installer Appoints New CEO

of Odd Strømsnes as the company’s new CEO as company enters new growth phase and addresses offshore wind market.The Norwegian subsea contractor said in a press note that the interim CEO Kevin Murphy will continue as Deputy CEO.Strømsnes was most recently managing director at TIOS, a TechnipFMC and Island Offshore joint venture, and has more than 25 years of experience from the global subsea industry holding various senior executive and board roles. He was managing director for Technip Norge from 2010 to 2016."Odd will also be responsible for Ocean Installer’s new focus on

(File photo: TechnipFMC)

TechnipFMC to Split into Two Companies

Franco-American oil services firm TechnipFMC Plc said on Monday it would spin off its engineering and construction operations into a separate company, leaving it as a technology-focused equipment supplier to oil and gas companies.TechnipFMC, which had a market capitalization of $10.31 billion, said the new Paris-based company will deal with onshore and offshore oil and gas projects. The split is expected to be final in the first half of 2020.The spin-off comes nearly three years after Technip merged with rival FMC Technologies, creating a leading London-based offshore services company with combined

From left: Chris Overton and Djamel Hamel (Photo: Xodus Group)

Xodus Group Adds Subsea Staff

to Xodus’ team which regularly provides integrity management support to UKCS operators.Hamel has been appointed to the role of principal consultant, having previously worked within a senior pipeline position for six years at Spirit Energy, as well as engineering roles at Wood, Subsea 7 and Technip.A chartered engineer, Hamel holds a PhD in Hydrodynamics from the University of Glasgow and has worked across the oil and gas industry in subsea disciplines, including rigid pipeline design and installation, risers, subsea pipeline asset integrity and project management.Overton also joins as a principal

(Photo: TechnipFMC)

TechnipFMC: Record Orders, Backlog in Q2

Franco-American oil services company TechnipFMC received a record volume of orders in the second quarter, pushing its backlog of projects to a peak thanks to new liquefied natural gas projects, it said on Wednesday.The records could signal a rebound for the company 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

Arnaud Pieton, President Subsea at TechnipFMC (Photo: TechnipFMC)

TechnipFMC Wins $1 Billion Subsea Contract

TechnipFMC said it has been awarded a number of subsea contracts by US-based Anadarko Petrleum for its Golfinho/Atum development offshore Mozambique.The UK-based firm said it was awarded a contract worth more than $1 billion for the engineering, procurement, construction and installation (EPCI) of the subsea hardware system through its wholly owned UAE incorporated subsidiary, Technip Middle East FZCO.TechnipFMC will execute the offshore installation scope with its consortium partner Van Oord, through their wholly owned UAE incorporated subsidiary, Van Oord Gulf FZE, and in cooperation with strategic

Image: Geoquip Marine

Geoquip Marine Names Laloe as Director

to its Board of Directors.Jean-Luc, who has almost 40 years of experience in the offshore oil and gas industry, has joined as an independent non-Executive Director.Jean-Luc originally entered the Offshore Engineering and Construction industry in 1980 and in the course of his career he has worked with Technip, Stolt Offshore, and Acergy /Subsea 7. He has held a wide variety of positions with a broad portfolio of responsibilities, including CFO and CEO.Jean-Luc becomes the second major board appointment to Geoquip in a matter of weeks and he will work with Arvid Trolle, who joined in the Autumn, Chief

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