FMC

Technip and FMC Technologies, Inc. today announce that the companies will combine to create a global leader that will drive change by redefining the production and transformation of oil and gas. The combined company, which will be called TechnipFMC, would have an equity value of $13 billion based on pre-announcement …

Rosneft successfully completed the drilling of the northernmost well in the world – the Universitetskaya-1 well in the Arctic. According to the results of the drilling Rosneft has made an oil discovery at the East-Prinovozemelskiy-1 license area. The drilling was completed in record-breaking time – in one and a half …

ITF, the global technology facilitator, has signed three new members to its international group of oil and gas operators and service companies, who will work together to drive forward innovation and collaboration in the industry. CNR International (CNR), the International division of Canadian Natural Resources Limited (Canadian Natural), one of …

FMC Technologies, Inc. reported second quarter 2012 revenue of $1.5 billion, up 22 percent from the prior-year quarter. Diluted earnings per share were$0.46 compared to $0.39 in the prior-year quarter. Highlights: — Record Company operating profit of $203 million — Second quarter Subsea Technologies revenue of $946 million — Year-to-date Subsea Technologies orders of $2.3 …

FMC Technologies, Inc. announced today that it has signed an agreement with Technip France, on behalf of the Technip Samsung Consortium (TSC), to supply offshore loading arm systems as part of the Shell Prelude Floating Liquefied Natural Gas (FLNG) Project. FMC’s scope of supply includes seven offshore footless marine loading …

FMC Technologies, Inc.  announced it has signed a definitive agreement to acquire Control Systems International, Inc. (CSI). Terms of the transaction, which is subject to further due diligence and various closing conditions, were not disclosed. Founded in 1968, CSI is a leading supplier of innovative control and automation system solutions. …

ERIELL Group started drilling at Urengoi Oil and Gas Condensate Field. Wintershall Chief Executive Officer Dr. Rainer Seele supervised BHA fitting and drilling of first meters of well. ERIELL Group was selected as the General Contractor following the tender held by CJSC Achimgaz. The Contract stipulates construction of 20 vertical …

FMC Technologies, Inc. announced today changes to its Executive Leadership Team. Bill Schumann, Executive Vice President and Chief Financial Officer, has chosen to retire from FMC Technologies after 30 years of service with the Company, effective August 31, 2012. In addition, he will step down as Chief Financial Officer on …

FMC Technologies (NYSE: FTI) announced today that it has received a $125 million order from Petrobras (NYSE: PBR, PBRA), Brazil’s national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under a 107-tree frame …

FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a five-year global frame agreement with BP to provide subsea production systems and life-of-field services for their worldwide subsea development projects. “We have a strong relationship with BP and have supported a number of their projects in the world’s …