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Halliburton, TechnipFMC launch ground-breaking sub-sea well technology

Halliburton Company and TechnipFMC today introduced Odasseaâ„¢, the first distributed acoustic sensing solution for subsea wells. The technology platform enables operators to execute intervention-less seismic imaging and reservoir diagnostics to reduce total cost of ownership while improving reservoir knowledge. The...

TechnipFMC in major deal with Assiut National Oil Processing Company

UK-based TechnipFMC has signed a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt. TechnipFMC said Tuesday this EPC contract covers new...

TechnipFMC bags subsea contract for Norway projects

Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS). The projects in scope are Breidablikk and the Gas Import System for the...

TechnipFMC in worldwide effort to produce visors for healthcare workers

TechnipFMC says its teams worldwide are helping to protect medical workers during the COVID-19 outbreak by using 32 printers to produce visors at its facilities. The Edvard Grieg Project team prototype medical visor was approved for use in Norway, and...

TechnipFMC slashes 2020 CAPEX by US$150 million

TechnipFMC plc (NYSE: FTI) (Paris: FTI) said Wednesday it remains focused on taking all necessary steps to ensure the health and well-being of its employees, contractors and partners, and it is taking decisive actions in response to the current...

TechnipFMC halts split over COVID-19, worsening market conditions

TechnipFMC reported Sunday that it has put its planned separation into two companies on hold. According to a report from Rigzone, TechnipFMC noted the COVID-19 pandemic, plummeting commodity prices and greater equity market volatility have created market conditions that...

TechnipFMC warns of impairment impact

(Market Watch) TechnipFMC PLC (FTI.FR) said late Monday in its preliminary results that revenue for the full year is expected to meet guidance and that it expects impairment charges to impact the fourth quarter. The London-based oil-and-gas company said revenues...

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...

TechnipFMC’s 600th subsea tree arrives in Brazil for installation at Guyana’s Liza field

UK based oil services company TechnipFMC recently celebrated the delivery of the company's 600th subsea tree in Brazil, which will be installed at ExxonMobil’s Liza field offshore Guyana. The event, which took place at the company’s assembly plant in Rio...

TechnipFMC to separate into two companies

TechnipFMC plc (NYSE: FTI) (Paris: FTI) on Monday said is its Board of Directors had unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies: RemainCo, a fully-integrated technology and services provider, continuing to drive energy development;...

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Staatsolie locks in 20% participation in GranMorgu with US$1.6B loan

Staatsolie Maatschappij Suriname N.V. has secured a US$1.6 billion bank loan to finance its 20% participation in the GranMorgu...