Technip Energies will be the future name of SpinCo – TechnipFMC


TechnipFMC said on Thursday a new and important step has been taken in the process of launching the leading engineering and construction (E&C) player – Technip Energies – which is poised to capitalize on the global energy transition, as announced on August 26.

“We are pleased to reveal that the future name of the company will be Technip Energies, TechnipFMC said.

In an internal letter sent to all employees, Catherine MacGregor, CEO-elect of Technip Energies, stated: “Over the last few weeks, we have had the opportunity to meet many of you, as well as our clients and partners.  We have been impressed by the high level of enthusiasm and support associated to this project. There is a strong attachment and recognition of the Technip name and, at the same time, the clear desire to move the company forward. Our new name, Technip Energies reflects that.”

MacGregor said Technip pays tribute to the outstanding track record of successful onshore and offshore projects, its pioneering spirit, the passion of its teams, operational excellence and the quality of its technology portfolio.

“Energies highlights our ambition to play a key role in driving the global energy transition. It also reflects the individual contributions of all our employees which will allow us to write, together, this new page of our history,” she stated.

Supported by a record backlog, a solid financial situation, a strong market positioning and by a skilled and talented workforce of 15,000 people, TechnipFMC said Technip Energies is perfectly well positioned to become a global leader in the energy industry.

On August 26, TechnipFMC announced a transaction that will create two diversified, pure-play market leaders and will reshape the industry. These are RemainCo – which will retain the TechnipFMC name – will be a fully-integrated technology and services provider that will continue to drive energy development. SpinCo – which will be named Technip Energies – a leading E&C player, is poised to capitalize on the global energy transition.

TechnipFMC has been awarded contracts by ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. for the engineering of the subsea systems for the Liza Phase 1 and 2 Development projects.