TechnipFMC

Rank#866

Market Cap27.82B

CountryUnited Kingdom

Summary

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation. It provides subsea production and processing systems; subsea umbilicals, risers, and flowlines; vessels; and Subsea Studio for optimizing the development, execution, and operation of current and future subsea fields. This segment also offers well and asset services; research, engineering, manufacturing, and supply chain; and product management services. The Surface Technologies segment designs, manufactures, and services products and systems used in land and shallow water exploration and production of crude oil and natural gas. This segment offers drilling and completion systems; surface wellheads and production trees systems; iComplete, a digitally enabled pressure control system; fracturing tree and manifold systems; pressure pumping; well service pumps; well control, safety and integrity systems, multiphase meter modules, in-line separation and processing systems, and standard pumps; flowback and well testing services; skid systems; automation and digital systems; and flow measurement and automation solutions. It also offers planning, testing and installation, commissioning, operations, replacement and upgrade, maintenance, storage, preservation, intervention, integrity, decommissioning, and abandonment; and supplies flexible lines and flowline products and services. TechnipFMC plc has a strategic alliance with Talos Energy Inc. to develop and deliver technical and commercial solutions to Carbon Capture and Storage projects. The company was founded in 1884 and is based in Newcastle Upon Tyne, the United Kingdom.

History

TechnipFMC was formed through the merger of FMC Technologies Inc. and French oil-services Technip SA. On January 17, 2017, TechnipFMC announced that it is operating as a unified company after completion of the merger, which created a significant new player in an energy industry wracked by a nearly two-year slump in crude prices. The company has three headquarters in Houston, Paris, and London. The CEO is Doug Pferdehirt and the executive chairman is Thierry Pilenko.

TechnipFMC also provides consulting and technology business through its two subsidiaries, PT and Genesis.

Through 2016-2017 the TechnipFMC fleet expanded with the addition of four pipe-laying vessels constructed under the DOF-Technip partnership, two foreign and two Brazilian . Another ship who entered operations was the Deep Explorer, one of the most advanced diving support vessels in the world.In August 2019, Doug Pferdehirt announced that TechnipFMC will be split into two independent engineering companies. The separation is expected to be completed by the end of the first semester 2020. The former Technip entity, without the subsea business, was renamed Technip Energies.

On March 15, 2020, the group announced the suspension of the spin-off due to market conditions in the context of the COVID-19 pandemic.

Mission

Our mission is to deliver safe and successful energy projects across the world for the benefit of our stakeholders. We maintain that focus whether faced with the biggest of challenges or the smallest of details.

Vision

If energy were easy, there would be no need for a company like Technip. Today and tomorrow, we work with our clients, wherever they are, to bring energy to the world. We will continue to contribute to their success through our constant customer focus and our integrated and sustainable project approach. As the industry reference, we will demonstrate the know-how, the commitment and the inspiration to help all of our partners push further to achieve their goals. This is our vision of our business and above all our passion.

References

https://en.wikipedia.org/wiki/TechnipFMC

https://in.investing.com/equities/fmc-technologies-inc

https://finance.yahoo.com/quote/FTI/profile?p=FTI

https://www.comparably.com/companies/technip/mission

https://www.crunchbase.com/organization/technip-paris

https://sec.report/CIK/0001681459

https://companiesmarketcap.com/

https://www.technipfmc.com

Leadership team

Mr. Douglas J. Pferdehirt (CEO & Exec. Chairman)

Mr. Justin J. Rounce (Exec. VP & Chief Technology Officer)