FMC Company News
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Technip Says London Still Natural HQ of TechnipFMC Despite Brexit Vote
Friday, June 24, 2016 French oil services company Technip says there was no reason for Britain's exit from the European Union to impact its merger with FMC Technologies, including plans for London to be the legal headquarters of the new group.
FMC Kongsberg Secures Johan Sverdrup EPC Contract
Friday, September 18, 2015 FMC Kongsberg Subsea AS secures an EPC contract, worth an estimated $160 million, for subsea equipment for the Johan Sverdrup project.
Statoil Taps FMC Technologies for Services at Snorre
Monday, January 25, 2010 FMC Technologies signed an agreement with Statoil for the design and supply of subsea equipment to support its Snorre field, located in the North Sea.
FMC Strengthens Subsea Service Ties with Petrobras
Wednesday, January 20, 2010 FMC Technologies signed a subsea service contract with Petrobras effective through 2012 and expected to result in an additional $80 million in revenue to FMC Technologies.
FMC Technologies to Supply Subsea Equipment for Angola Deepwater Projects
Monday, January 26, 2009 FMC Technologies has signed a contract with BP for the manufacture and supply of additional subsea equipment for ongoing deepwater projects offshore Angola.
FMC Buys 45% Stake in Schilling Robotics for $116MM
Friday, December 26, 2008 The acquisition partners two companies whose innovative technologies enable subsea energy production worldwide.
ClampOn Snags Compact Particle Monitor Contract for Angola Project
Wednesday, August 13, 2008 FMC Kongsberg awarded ClampOn an important contract to deliver Compact Particle Monitors for the Pazflor project in Angola. Delivery will be during 2008 through 2009.
FMC Signs 5-Year Subsea Deal wtih Devon
Wednesday, April 23, 2008 FMC Technologies' scope of supply includes a preliminary forecast of a minimum of 20 subsea trees as well as associated wellheads, controls, manifolds and tie-in systems.
FMC, LLOG Exploration Sign Multi-Year GOM Alliance Agreement
Wednesday, April 16, 2008 FMC Technologies, Inc. has signed a multi-year alliance agreement with LLOG Exploration Company, L.L.C., for pending oilfield development projects in the Gulf of Mexico.
Grenland, FMC Sign LOI For Pazflor Project Contract
Monday, April 14, 2008 Grenland Group has signed a letter of intent with FMC Technologies' subsidiary in Kongsberg for the fabrication, assembly and testing of subsea structures that will be part of FMC Technologies' delivery for Total's Pazflor Project.
FMC Technologies Given Top Honors by Fortune Magazine
Friday, March 07, 2008 FMC Technologies, Inc. has been selected by FORTUNE Magazine as the most admired company in the Oil and Gas Equipment, Services industry for 2008.
FMC to Supply 11 Subsea Trees to Petrobras
Wednesday, February 20, 2008 FMC Technologies, Inc. has received an award to supply Petrobras with deepwater subsea trees and tie-in systems for 11 add-on wells at the Roncador Module 3 Field, located offshore Brazil. The award has a value of approximately $67 million.
FMC Technologies Increases Revenue to $4.6 Billion for 2007, Up 23%
Thursday, February 14, 2008 FMC Technologies reported a full year 2007 revenue of $4.6 billion increased 23 percent from $3.8 billion in 2006, reflecting the continued growth of Energy Systems' businesses led by a 28 percent increase in subsea systems revenue.
Fourth Quarter Performance Yields 28% Increase for FMC
Thursday, February 14, 2008 FMC Technologies, Inc. reported fourth quarter 2007 revenue of $1.4 billion, up 28 percent over the fourth quarter of 2006 led by the strength of its subsea systems business.
Bennex RLWI Project on Schedule for FMC Technologies
Monday, December 17, 2007 Bennex is delivering two Riser Light Well Intervention (RLWI) MKII UTH (Umbilical Termination Head) systems for FMC Kongsberg Subsea (FKS).
FMC Sets Subsea Deepwater Completion Record at Independence Hub
Thursday, July 26, 2007 FMC Technologies has set a new subsea deepwater completion record of 8,995 feet for the Independence Hub project located in the Gulf of Mexico.
FMC to Supply Riserless Light Well Intervention Service to Statoil
Thursday, June 28, 2007 FMC Technologies has been awarded a contract from Island Offshore to provide a second Riserless Light Well Intervention system for use by Statoil in the Norwegian North Sea.
FMC to Supply Subea Systems to Ormen Lange Southern Field Development
Tuesday, June 26, 2007 FMC Technologies, Inc. has been chosen to supply the subsea systems for Norsk Hydro's Ormen Lange Southern Field Development in the Norwegian North Sea. The contract has a value of approximately $166 million in revenue to FMC Technologies.
Odim Wins FMC Subsea Contract
Thursday, November 02, 2006 ODIM has been awarded a contract by FMC Kongsberg Subsea for delivery of the Odim Work Over Control System.
Grenland Reports Successful Delivery to the Tordis Field
Monday, July 17, 2006 Grenland Group said that the first Tordis Field subsea structures were successfully loaded out at the company’s yard in Langesund, Norway, on July 13 using the floating barge Taklift.
Weatherford Signs Fiber-Optics Deal with Statoil
Thursday, July 13, 2006 Weatherford International Ltd. has signed a 3-year technology development cooperation agreement with Statoil ASA to develop new fiber-optic based sensing and communication systems to extend the life of oil and gas fields.
Ormen Lange Equipment Undergoes Final Tests
Monday, April 10, 2006 The testing of subsea production equipment for the Ormen Lange field in the Norwegian Sea will be finished by the end of May, reports Norsk Hydro.
Statoil Awards Vigdis Contracts
Thursday, February 02, 2006 In connection with phase two of the Vigdis extension project, Statoil has awarded contracts to FMC Kongsberg, Saipem and Stolt Offshore.
Grenland Group Wins Tordis Field Fabrication Contract
Thursday, November 17, 2005 Grenland Group has signed a letter of intent with FMC Kongsberg Subsea for the fabrication and assembly of the main structure of a Subsea Separation and Injection Station on Statoil's Tordis field.
Statoil Signs Deal with FMC Kongsberg for New Technology
Friday, March 11, 2005 Statoil has signed an agreement with FMC Kongsberg Subsea to provide equipment and services for TTRD - Through Tubing Rotary Drilling/ Completion and Well Intervention.
FMC Wins Roncador Subsea Production Project from Petrobras
Tuesday, May 18, 2004 FMC Technologies has received an order from Petrobras to supply subsea production equipment for Petrobras' Roncador project, offshore Brazil, which will generate approximately $36 million in revenue.
FMC Sets Water Depth Record at Coulumb Project
Wednesday, May 05, 2004 FMC reports that its subsea systems have been installed on the Shell-operated Coulomb project, in the world-record water depth for a subsea completion of approximately 7,600 feet.
FMC Obtains $250 Million Revolving Credit Facility
Friday, April 30, 2004 FMC Technologies, Inc. has obtained a committed $250 million, five-year revolving credit facility, replacing the committed $150 million, 364-day credit facility that matured in April 2004.
FMC Tapped for Turret Mooring System on Mutineer-Exeter
Wednesday, April 14, 2004 FMC Technologies has been chosen by MODEC, Inc. to design and supply a disconnectable turret mooring system for a FPSO that will be employed offshore Australia on the Mutineer-Exeter Field.
FMC Technologies to Record Expense for Stock Options
Friday, March 26, 2004 FMC Technologies,Inc. (NYSE: FTI) will account for employee stock option compensation expense using the fair value method in accordance with SFAS No. 123.
FMC Technologies Announces Key Executive Appointments
Thursday, March 18, 2004 FMC Technologies announces four key executive appointments, effective immediately.
FMC Signs Revised Deal for Algerian Oil Loading Project
Thursday, February 19, 2004 FMC Technologies has signed a revised contract with Sonatrach-TRC for an offshore oil loading project in Algeria, reducing the scope of FMC Technologies' work from $240 million to $224 million.
FMC to Supply Subsea Systems for Woodside's Enfield Project
Thursday, December 18, 2003 FMC Technologies has signed an agreement with Woodside Energy Ltd. to supply subsea systems and related services for Woodside's Enfield project, offshore Western Australia.
FMC Wins Subsea Contract for Ormen Lange Development
Tuesday, November 25, 2003 FMC Kongsberg Subsea AS has signed an agreement with Norsk Hydro to supply subsea systems and related services for the first phase development of the Ormen Lange Field in the North Sea.
FMC Kongsberg Wins Oseberg Contract from Norsk Hydro
Tuesday, October 28, 2003 Norsk Hydro has signed a contract with FMC Kongsberg for a subsea station to Oseberg Vestflanken.
Suppliers Differ on Local Content Rules in Brazil
Monday, October 13, 2003 Brazilian government requirements that 60% of oil industry vessels and platforms use local content received mixed reviews from private sector suppliers at the Friday launch of the Norskan Leblon support vessel in Rio de Janeiro state.
FMC Acquires CDS Engineering
Tuesday, August 26, 2003 FMC Technologies, Inc. has acquired a 55 percent interest in CDS Engineering and associated assets for approximately $48 million.
Canadian Natural Resources Awards Major Contracts for Baobab
Monday, July 21, 2003 Canadian Natural Resources Limited has awarded three major contracts for the development of the Baobab Field, offshore Cote d'Ivoire, West Africa.
OPE Wins Pipeline Work in Algeria
Monday, April 07, 2003 OPE has been awarded subcontracts by FMC SOFEC Floating Systems for the development of five offshore loading stations for transportation of crude oil and condensate hydrocarbons from onshore facilities.