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Class action lawsuit filed against TechnipFMC

(GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against TechnipFMC plc (“TechnipFMC” or the “Company”) (NYSE:FTI) and certain of its officers.   The class action, filed in United States District Court, Southern District of...

TechnipFMC awarded extension on EPCI contract with Statoil

TechnipFMC has been awarded an extension to its ongoing Engineering, Procurement and Construction (EPC) contract from Statoil in the Norwegian North Sea. The ongoing EPC project covers the provision of subsea equipment including template structure, manifold and two subsea trees...

TechnipFMC wins 3 yr contract for well intervention in Australia

TechnipFMC has entered into a three-year agreement with Woodside Energy in Australia for Riserless Light Well Intervention (RLWI) and subsea services, including intervention, installation, and plug and abandonment services. According to a World Oil report, under the agreement, TechnipFMC will...

CMHI and TechnipFMC in joint venture talks

Chinese jack-up fabrication specialist China Merchant Heavy Industry (CMHI) and French offshore engineering giant TechnipFMC have started talks on forming a joint venture to focus on engineering, procurement and construction work for offshore modules. The two companies recently met in...

TechnipFMC opens new facility in Texas

TechnipFMC has opened a new facility in Odessa, Texas which will bring together its surface product and service lines in one consolidated complex so that the company can better support the Surface Americas’ integrated pad offering to clients. The facility...

TechnipFMC awarded Subsea Contract for Liza deep water project

TechnipFMC has been awarded a contract by an affiliate of ExxonMobil Corporation for the engineering, manufacture and delivery of the subsea equipment for the Liza deep water project in Guyana, South America. The award scope includes seventeen total enhanced vertical...

Boskalis averts disaster by offloading crude from ‘ticking time bomb’ vessel off Yemen Coast

Boskalis, an international maritime service provider, averted a colossal catastrophe through its subsidiary SMIT Salvage by successfully offloading over 1.1 million barrels of crude oil from the deteriorating floating storage and offloading (FSO) vessel Safer off the Yemen coast. The...

Snapshot: Exxon’s first Stabroek Block tie back development tapping three oil fields 

ExxonMobil’s Uaru development is the first Stabroek Block project to utilize a subsea tieback connecting three fields - Uaru, Mako, and Snoek oil fields - to a single production facility. Tiebacks, by industry definition, transport hydrocarbons from seabed wells to...

Exxon hires New Wave to conduct marine warranty survey for Whiptail project 

New Wave Offshore Energy has been selected as the marine warranty surveyor for ExxonMobil Guyana’s Whiptail development, a US$12.7 billion offshore oil project in the Stabroek Block, the company said on the weekend. Under the contract, New Wave Offshore will...

Staatsolie’s Block 52 bet could be backed by Block 58 cash – WoodMac

Suriname’s state oil company Staatsolie could use revenues from its participation in the US$12.2 billion Block 58 offshore oil development to help finance its expected stake in the upcoming Block 52 gas project, according to consultancy Wood Mackenzie. Staatsolie has...

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Look beyond the barrels for the success of Guyana’s oil industry – Ali 

President Irfaan Ali has urged Guyanese to measure the success of the oil industry by more than just the...