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TechnipFMC: Record Orders, Backlog in Q2

Jul 25, 2019

Franco-American oil services company TechnipFMC received a record volume of orders in the second quarter, pushing its backlog of projects to a peak thanks to new liquefied natural gas projects, it said on Wednesday.The records could signal a rebound for the company created by a 2016 merger of France's Technip and U.S. rival FMC Technologies to weather the oil price crash that had forced their oil major clients to slash budgets and shelve projects…

TechnipFMC Wins EPC Contract from PetroVietnam

Oct 15, 2019

TechnipFMC announced on Tuesday it has been awarded a contract by PetroVietnam Gas for the engineering, procurement and construction (EPC) of the Nam Con Son 2 Phase 2 pipeline across Nam Con Son basin and Cuu Long basin in Vietnam.The scope…

Transborders Joins Forces with Osaka Gas

Sep 17, 2019

Perth-based Transborders Energy has signed a memorandum of understanding (MoU) for collaboration with Japan's Osaka Gas.The  MOU will facilitate information and knowledge sharing for both companies to evaluate projects that could commercialize…

Green Light for Arctic LNG 2

Sep 06, 2019

The $21.3 billion Arctic liquefied natural gas (LNG)-2 project on the Gydan Peninsula headed by the Russian largest independent natural gas producer Novatek won a green light on Thursday.The project will have a production capacity of 19.8 million…

TechnipFMC Wins $7.6 Bln Contract

Jul 24, 2019

Oil services company TechnipFMC won a $7.6 billion contract with Russia's Novatek and its partners for the Arctic 2 liquefied natural gas project in western Siberia, pushing TechnipFMC's shares higher.TechnipFMC's Paris-listed shares rose 3…

Oilfield Services Pricing Rises

Jun 24, 2019

Oilfield services companies are in bullish mode. They are now able to raise prices for their products and services, after several years of gloom.“Oil and gas investments are on the rise, and so too is the pricing power of service companies. After losing pricing power in 2015 and 2016…

Novatek in Arctic LNG 2 Deal with TechnipFMC

May 21, 2019

Russian largest independent gas producer and liquefied natural gas (LNG) player Novatek signed a deal with TechnipFMC for its Arctic LNG 2 project.The contract was signed on engineering, procurement, supply, construction and commissioning (EPC)…

Johan Sverdrup Phase 2 Plan Approved

May 15, 2019

Norwegian authorities have formally approved the plan for development and operation (PDO) of the second phase of the Johan Sverdrup field, Equinor announced on Wednesday. The Norwegian energy company said the NOK 41 billion ($4.7 billion) project…

TechnipFMC Orders Vallourec Pipes for Mero 1

Apr 22, 2019

The provider tubular solutions for the energy markets Vallourec Soluçoes Tubulares do Brasil has been awarded by TechnipFMC in Brazil to supply around 12,000 tons of seamless steel rigid line pipe with outside diameters 8” and 10”.The pipe will…

Sempra Gets Okay for LNG Export in Mexico

Apr 02, 2019

San Diego utility company Sempra Energy Sempra Energy said that its subsidiary Energía Costa Azul (ECA) LNG received two authorizations from the US Department of Energy (DOE) to export US produced natural gas to Mexico and to re-export LNG to…

Shell Opts for Subsea Compression on Ormen Lange Phase 3

Jan 21, 2019

Norske Shell, the Norwegian subsidiary of Royal Dutch Shell, announced it has decided to go with subsea compression as a concept for the Ormen Lange Phase 3 to increase the recovery rate from the reservoir.'This is an important choice, where we have evaluated a number of alternative concepts…

TechnipFMC Names New Chairman

Jan 10, 2019

Oil services group TechnipFMC said on Thursday Doug Pferdehirt would replace Thierry Pilenko as its executive chairman, following Pilenko's imminent retirement.Pilenko was one of the key directors behind the 2016 merger between French company Technip and U…

BP Green-lights Greater Tortue Ahmeyim Project

Dec 21, 2018

BP and its partners announced on Friday that the green light has been given for the first phase of the Greater Tortue Ahmeyim project off the coast of Mauritania and Senegal.The cross-border development, a first for the two West African nations and Africa's deepest offshore project at 2…

First Steel Cut for Karish and Tanin FPSO

Nov 27, 2018

Energean Oil and Gas announced that first steel was cut on the Karish and Tanin floating production storage and offloading (FPSO) vessel at the COSCO yard in Zhoushan, China, on Monday. The FPSO is scheduled to be delivered to the Karish field offshore Israel in late 2020…

TechnipFMC Inks Deal with Chevron

Nov 14, 2018

TechnipFMC announced on Wednesday it has signed a five-year Surface Technologies Frame Agreement with Chevron to cover the exclusive supply of surface wellhead equipment and service in the U.S. and Canada.Richard Alabaster, President of TechnipFMC’s Surface Technologies business…

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