LNG

TechnipFMC, one of the leading global energy and LNG project engineering companies, said it was taking a stake in UK company Magma Global Ltd to help further develop a new generation of hybrid flexible pipe for use in offshore contracts.

Jan 17 (LNGJ) - TechnipFMC, the merged combination of subsea energy and LNG players, France Technip and FMC Technologies of the US, is operating as a single company from January 17 with US and Euronext-listed shares. “This is a transformational day for TechnipFMC and our employees,” said Thierry Pilenko, Executive Chairman of TechnipFMC “As one company, we can make oil and gas projects more viable, driving value for our clients and shareholders. With an unmatched commitment to innovation and efficiency, TechnipFMC will advance the creation of cost-efficient solutions for years to come,” stated Pilenko. Chief Executive Doug Pferdehirt said: “With our merger complete, TechnipFMC is uniquely positioned to unlock possibilities for our clients to transform their project economics. We will do this by inspiring a culture of challenging conventions and finding new and better ways of doing things.”

TechnipFMC shares will begin trading on the Paris Euronext and New York Stock Exchange on January 17 as the $13-billion merger between the energy services companies, France’s Technip and FMC Technologies, becomes official and the combination aims for a lead role in the subsea and Floating LNG sectors.

French energy and LNG engineering company Technip and subsea operator FMC Technologies said that their respective shareholders had voted to approve their proposed $13 billion merger, now expected to formally take place in early 2017.

Nov 25 (LNGJ) - Technip, the French energy and LNG engineering company, and US peer FMC Technologies have named their respective designees to the Board of the combined company to be called TechnipFMC. The 14-member board will have seven persons from each company. They include from the Technip side Chief Executive Thierry Pilenko, future Executive Chairman of TechnipFMC and designated Chair of the Strategy Committee and Marie-Ange Debon, Chair of the Audit Committee. FMC’s seven board members include the new Chief Executive of TechnipFMC Douglas J. Pferdehirt and Peter Mellbye as Chair of the Nominating and Governance Committee.

Nov 15 (LNGJ) - French LNG and energy project company Technip has named its latest newbuild vessel for subsea operations “Deep Explorer”. An official naming ceremony for the diving support vessel was held at the Vard Langsten shipyard in Norway. The vessel hull was built by Vard Tulcea shipyard in Romania and then towed to Vard Langsten for equipment outfitting and commissioning. The vessel features a 24-man twin bell saturated dive system rated to 350 metres. Technip is scheduled to underpin its subsea business as it prepares to merge with Houston, Texas-based FMC Technologies Their respective shareholders hold meetings in the France and the US on December 5 to formally approve the $13 billion merger.

French energy and LNG engineering company Technip said it was advancing strongly towards its merger with US peer FMC Technology amid stable revenues and progress on its Russian liquefied natural gas project and its two floating LNG ventures in the Asia-Pacific region.

French energy and liquefied natural gas engineering and construction company Technip and US rival in the subsea sector FMC Technologies have scheduled respective meetings of their shareholders on December 5 to vote on their $13 billion merger.

FMC Technologies, the supplier to energy and LNG projects, reported third-quarter revenue of $1.1 billion, down 29 percent from the same three months last year due to lower activity across all sectors as it prepared to complete a merger with French rival Technip.

French energy and LNG engineering company Technip and US peer FMC Technologies said their pending merger has passed its anti-trust review in the US, satisfying one of the conditions of the transaction.