FMC Technologies Acquires Assets of Galaxy Oilfield Service Ltd.
FMC Technologies has acquired certain assets of Galaxy Oilfield Service Ltd., based in Edmonton, Alberta, Canada. Galaxy is the market leader in the supply of unique, high temperature equipment used in the thermal well production of Canada's oil sands.
This acquisition enables FMC Technologies' Surface Wellhead business to expand its heavy oil extraction capabilities and address the projected growth of oil sands production in Canada and into other heavy oil markets around the world.
"Galaxy is a leader in the specialty wellhead market and we are proud to
have them as part of FMC Technologies," said Peter D. Kinnear, President and
Chief Operating Officer, FMC Technologies. "We believe this technology will
enhance our ability to meet the needs of the growing Canadian oil sands
- Technip, FMC Technologies Complete Merger (Jan 17)
- FMC, Technip Receive Clearance to Combine from European Commission (Nov 24)
- Restructuring at FMC Technologies to Continue Following Layoffs (Oct 20)