TechnipFMC announces plan to cut spending by a third due to coronavirus
Energy services firm TechnipFMC has announced a reduction in spending of more than 30% in response to the coronavirus outbreak.
TechnipFMC
TechnipFMC delays split until market improves
Energy services firm TechnipFMC said this evening that its split into two separate companies would be delayed due to recent market turmoil.
TechnipFMC inks multi-million deal with BP in Angola
French oilfield services firm TechnipFMC has announced a multi-million pound deal with BP in Angola.
TechnipFMC wins FEED work on Etinde
TechnipFMC has won lead front-end engineering design (FEED) work on the development of the IM gas condensate field, offshore Cameroon, Bowleven has reported.
Worley wins Mozambique LNG work
Worley has won two master service agreements (MSAs) from Total for work on the Mozambique LNG project.
Exclusive: Halliburton-TechnipFMC merger could spell ‘inevitable’ North Sea job losses
North-east job losses are thought to be “inevitable” if a potential merger involving two offshore giants takes place, a union boss warned last night.
Halliburton-TechnipFMC deal: ‘Creating another giant’ comes with uncertainty, experts claim
North Sea job losses could be a potential outcome of “creating another giant” in the oilfield services sector, a top energy consultant said yesterday,
TechnipFMC braces Wall Street for $2.4bn write down in Q4
Global oilfield service giant TechnipFMC has warned Wall Street to brace for a $2.4 billion hit to the value of the company's assets when it releases its fourth-quarter and 2019 reports Feb. 26.
Coronavirus threatens Karish development
Energean Oil and Gas has issued a warning of the potential impact of the novel Coronavirus on the construction, and therefore timetable, of the hull for its floating production, storage and offloading (FPSO) vessel for its Karish field.
Workforce grows as Boskalis dives deeper into subsea market
Boskalis Subsea is once again aiming to boost its north-east workforce, just a year after unveiling new offices in Westhill.
Tata Steel wins three contracts with TechnipFMC
Tata Steel, one of Europe's leading steel producers, has secured three separate contracts with TechnipFMC for work in the UK North Sea, further building on the relationship between the two companies.
Exclusive interview: Renewable future may be very good for subsea
On the face of it, the UK-based subsea sector appears to be faring reasonably well. This is despite lingering impacts from the 2014-17 oil and gas slump, mounting pressures from the climate change crisis and major geopolitical forces at work.
Transformation on the cards for struggling offshore supply chain, Woodmac says
With margins staying “razor thin” and cost pressures continuing to bear down, the offshore supply chain may take on a “whole new look” this year, according to a Wood Mackenzie analyst.
Consultancy Genesis says margins remain under pressure amid stiff competition
A global oil and gas consultancy with a base in north-east Scotland has blamed stiff competition for a near doubling of its pre-tax losses.
Plexus narrows losses as ‘reset and rebuild’ plan shows promise, but shares sink 12%
Losses narrowed at Plexus Holdings in 2018-19 as the oil-well-technology firm’s “rebuild and reset” plan showed promising signs.
TechnipFMC unveils ‘Technip Energies’ ahead of business separation
TechnipFMC has unveiled the new name for its engineering and construction business as the firm prepares to split into two separate entities.
Oilfield service companies are going beyond oil – Rystad
Heavyweight oilfield service providers like Saipem and Baker Hughes are diversifying beyond oil and gas development projects and are moving increasingly into renewable energy projects, Rystad Energy finds.
Profits halved at TechnipFMC
TechnipFMC saw its profits halved in the third quarter of the year amid a series of pre-tax charges and “diverging trends” for its various business segments.
TechnipFMC confirms 50 jobs at risk in Aberdeen
Global energy service giant TechnipFMC has confirmed that 50 jobs are under threat at one of its subsidiaries in Aberdeen.
TechnipFMC inks multi-million deal with Woodside Down Under
Subsea firm TechnipFMC has announced a multi-million deal with Woodside at its Pyxis and Xena fields, located offshore North West Australia.
TechnipFMC awarded multi-million pipeline deal with PetroVietnam
Subsea firm TechnipFMC has announced a multi-million pound deal with PetroVietnam Gas for pipeline work in Southeast Asia.
Rovuma LNG FID pushed back
The Rovuma LNG project has taken another step ahead but a final investment decision (FID) is now expected in early 2020.
TechnipFMC confirms North Sea business will keep name following split
TechnipFMC has confirmed that much of its North Sea business will continue under the same name after the energy service group splits into two separate trading businesses.
Transborders signs up MOL to FLNG plan
Australia’s Transborders Energy has signed up to a joint study agreement with Mitsui OSK Lines (MOL) on floating LNG (FLNG).
TechnipFMC, DNV GL in digital twin partnership
TechnipFMC and DNV GL have entered into a partnership to develop the oil and gas industry’s first methodology for qualifying the integrity of digital twin technology.