TechnipFMC

The transaction is planned to be structured as a spin-off of TechnipFMC’s onshore/offshore segment to create SpinCo and RemainCo. The separation is expected to be completed in the first half of 2020.

One of the company’s pipelay and construction vessels will install rigid and flexible pipelines for Equinor’s Peregrino Phase 2 project, adding an estimated 273 million bbl of recoverable oil to the field.

New analysis from Rystad Energy shows service companies are beginning to raise prices after seeing a significant drop following the oil price downturn. Pricing power is projected to keep rising in 2020 as the service industry sees more demand across the supply chain.

Unmanned minimum facility platforms are a reliable alternative to traditional wellhead platforms or subsea installations, and the technologies enabling simpler designs have evolved.

Petrobras has awarded TechnipFMC with an engineering, procurement, construction, and installation (EPCI) contract for the Mero 1 pre-salt field, located in the Santos Basin at 2100 m offshore Brazil. The contract covers the engineering, procurement, and construction of all rigid lines, as well as the installation and precommissioning of all the infield risers and the …

KBR will head a joint venture with TechnipFMC and JGC to provide a basic design package and EPC bid for the Bonny Island expansion.

TechnipFMC confirms the December shipment of LNG from its new facility in northern Russia, one of the largest integrated LNG projects in the world.

Hurricane Energy is still on pace for first oil in 2019 for the Lancaster field, which may lead to more significant development in the UK North Sea.

The cost cuts made during the downturn and the recent increase in oil prices have led to some global offshore projects becoming economically viable. Norway is leading the comeback.

Completion of the umbilicals system marks another step toward startup for the Total-operated ultradeepwater development offshore Angola.