LNG and energy engineer TechnipFMC remains on track for split into two companies in 2020
TechnipFMC, the LNG and energy engineering company, reaffirmed that its planned transaction to separate into two companies, TechnipFMC and Technip Energies, is well on track for completion in the first half of 2020.
TechnipFMC revenues rise to over $3.3Bln as company split into two entities remains on track
TechnipFMC, Franco-US energy and LNG engineering company, said its split into two separate listed companies was on track for the first half of 2020 as it posted a 6 percent increase in third-quarter revenues to $3.33 billion as new large-scale LNG contracts were awarded.
TechnipFMC to split and spin off LNG and energy activities with Arctic and Mozambique projects
TechnipFMC, the Franco-US energy and LNG engineering company, said it had decided to spin off its European-based engineering and construction operations into a separate business, leaving the Houston-based half of the firm as a technology-focused equipment supplier to the oil and gas sector.
