Technipfmc splitting into two companies.
Eldar Lundanes Global System Manager Technipfmc.
Technipfmc to separate into two companies.
Technipfmc Aker Solutions.
Pferdehirt said Technipfmc was benefiting from the new wave of liquefied natural gas(LNG)
projects.
Technipfmc's Paris-listed shares rose 3.2% in early session trading, as
analysts welcomed the new contract.
Apache Corporation(APA) rose 2.85%, Occidental Petroleum Corporation(OXY)
jumped 3.39%, and Technipfmc plc(FTI) soared 4.10% higher.
To learn more about Technipfmc and how they are enhancing the performance of the world's energy industry,
go to Technipfmc.
To learn more about us and how we are enhancing the performance of the world's energy industry,
go to Technipfmc.
Technipfmc Onshore/Offshore president Nello Uccelletti said:“We
are extremely honored to be entrusted with this new contract by Novatek and its partners.
In early February, Technipfmc was awarded a large engineering,
procurement, construction and installation contract by Petrobras for the Mero 1 pre-salt field.
The Trestakk template
and satellite were constructed by Aibel in Haugesund, while Technipfmc had overall responsibility for the subsea equipment, pipelines and installation.
This contract quickly led Technipfmc to award a contract to Vallourec for the supply of seamless
steel rigid line pipes for Mero 1.
The U.K. based firm has been working with Technipfmc for over 10 years and completed this latest project in under six months.
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 firm also has a partnership with Technipfmc, which including working on things like industrial production
of the drone how provide a global offering.
Technipfmc raised its guidance for revenue from the subsea division to $5.6 billion-
$5.8 billion, from the previous range of $5.4 billion- $5.7 billion.
Doug Pferdehirt, Chairman and CEO of Technipfmc, stated,“We achieved record inbound orders in the quarter,
with total Company orders reaching $11.2 billion- a book-to-bill of 3.3.
Oil services company Technipfmc won a $7.6 billion contract with Russia's Novatek
and its partners for the Arctic 2 LNG project in western Siberia, pushing Technipfmc's shares higher.
Technipfmc, created by a 2016 merger of France's Technip
and U.S. rival FMC Technologies, had previously carried out design engineering and construction work on Novatek's Yamal LNG project.
Joe Orrell, RED Engineering's managing director, said:“Having worked closely with Technipfmc for a number of years, we
have gained an in-depth understanding of their offshore operations and business drivers.
Beveridge noted that while there has been some change- such as has occurred among big contractors such as Technipfmc-“looking at the industry more broadly,
that change hasn't taken place.”.
Technipfmc announced on Monday it has been awarded an integrated engineering,
procurement, construction and installation(iEPCI) contract from Neptune Energy for the Seagull project, located in the UK North Sea.
Oil services company Technipfmc won a $7.6 billion contract with Russia's Novatek
and its partners for the Arctic 2 liquefied natural gas project in western Siberia, pushing Technipfmc's shares higher.
In March Equinor awarded a contract to Technipfmc for the construct and install the phase 2 subsea production system,
including five templates and a total of 18 X-mas trees with associated components.
Technipfmc said the consolidated value of the contract to it for Arctic
LNG-2 was $7.6 billion and consisted of three LNG trains, each with a capacity of 6.6 million tons per annum(Mtpa).
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.
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.
Franco-American oil services firm Technipfmc Plc(FTI. N) 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 said its subsea division was also
seeing strong growth and had won most contracts in the sector, worth around $3 billion, since the start of the year including Anadarko's Golfinho $1 billion development in Mozambique.