TechnipFMC

UK-based TechnipFMC has signed a 20-year framework agreement with Chevron Australia to supply Subsea 2.0 subsea gas production systems. According to TechnipFMC, the deal includes wellheads, X-mas trees, manifolds, controls, flexible cables and hydraulic hoses. Subsea 2.0 is planned to be used to develop gas fields off the northwest coast …

Saipem and TechnipFMC today announced the two companies have entered into a global commercial agreement that will allow them to identify projects worldwide that could be jointly executed for the benefit of clients. The commercial agreement will pursue specific Subsea Umbilicals, Risers and Flowlines (SURF) projects where the combination of …

TechnipFMC has announced the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies technical reference price was set at €9.00 ahead of its direct listing on the Euronext Paris Exchange where it will …

DNV GL has published the oil and gas industry’s first recommended practice (RP) on how to build and quality-assure digital twins. Developed in collaboration with TechnipFMC, DNVGL-RP-A204: Qualification and assurance of digital twins sets a benchmark for the sector’s varying approaches to building and operating the technology. It guides industry …

DNV GL has issued an international call to oil and gas operators and the supply chain to pilot a methodology that will prove whether the data generated by digital twins can be trusted, and if the technology is delivering value. Companies manufacturing hardware across the oil and gas value chain …

Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, announces its interim results for the six months to 31 December 2019. Financial Results  Following the sale of the wellhead Jack-up exploration application business (the “Jack-up Business”) to …

TechnipFMC and DNV GL have entered into a partnership to develop the oil and gas industry’s first methodology for qualifying the integrity of digital twin technology. The methodology aims to bring a level playing field to the sector’s varying technical definitions of, and expectations toward, digital twins. It will set a …

Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, announces its preliminary results for the year ending 30 June 2019. Financial and Corporate Overview Following the completion on 1 February 2018 of the sale of Plexus’ wellhead …

TechnipFMC and DNV GL have entered into a partnership to develop the oil and gas industry’s first methodology for qualifying the integrity of digital twin technology. The methodology aims to bring a level playing field to the sector’s varying technical definitions of, and expectations towards digital twins. It will set …

TechnipFMC today announced its Board of Directors has unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies: RemainCo, a fully-integrated technology and services provider, continuing to drive energy development; and SpinCo, a leading engineering and construction (E&C) player, poised to capitalize on the global energy transition. …