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TechnipFMC was formed through the merger of FMC Technologies Inc. and French oil-services Technip SA. On January 17, 2017, TechnipFMC announced that it is operating as a unified company after completion of the merger, which created a significant new player in an energy industry wracked by a nearly two-year slump in crude prices.
The all-share deal would result in a new company named TechnipFMC with a market value of about $13 billion. [4] [5] TechnipFMC has three headquarters in Houston, Paris, and London under new Houston-based CEO Doug Pferdehirt, who worked as FMC’s chief operating officer. Former Technip chairman and CEO Thierry Pilenko is the new executive ...
Technip Energies, unlike TechnipFMC, will not focus on upstream—oil exploration and production—development projects, but instead largely on design and construction of large-scale projects to liquify and ship natural gas, as well as refinery bio-conversion projects, carbon capture, and hydrogen.
TechnipFMC (NYSE: FTI, PARIS: FTI) has entered into a strategic collaboration with McPhy (EPA: MCPHY) to accelerate green hydrogen.
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The EPCI contract by the Libra Consortium strengthens the close ties of TechnipFMC (FTI) with Petrobras and enriches its capability in the pre-salt region, thereby expanding its base in Brazil.
On May 19, 2016, it was announced that FMC Technologies would team up with French Technip to create a new company called TechnipFMC. After the approval of regulatory authorities, TechnipFMC began operating as a unified company in Jan 17, 2017. The all-share deal resulted in a company with a market value of about $13 billion. [9]
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