TechnipFMC


TechnipFMC plc is a global oil and gas company that provides complete project life cycle services for the energy industry. It was ranked 23rd among world's Top 225 International Design Firms in the year 2017 by Engineering News-Record. The company was formed by the merger of FMC Technologies of the United States and Technip of France that was announced in 2016 and completed in 2017. TechnipFMC acts in three distinct segments: subsea, offshore/onshore, and surface projects. These projects include offshore oil and gas exploration and extraction platforms, rigs, crude oil refinery, petrochemical plants such as Ethylene, Hydrogen, SynGas plants, Naptha, Benzene etc. plastics & rubber industry, fertiliser plant, onshore as well as floating LNG plants. The company is headquartered in London, and has major operations in Houston and Paris where its predecessor companies were headquartered. It has about 37,000 employees from 126 nationalities and operates in 48 countries. TechnipFMC stock is listed on the NYSE and Euronext Paris exchange, and is a component of the S&P 500, the CAC 40, and the Dow Jones Sustainability Index. The French government owns a 4 percent stake in the company.

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 two its subsidiaries, PT and .
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 announces 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, will be 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.

Organization

Technip was certified as one of the first five companies in the world as a Global Top Employer 2015 which recognizes first-class employee offerings globally and equally, so TechnipFMC holds those credentials.

Recent Projects

TechnipFMC has capability to execute following types of projects:
TechnipFMC owns and operates 21 vessels and 4 are under construction. These large vessels are used for installation of subsea oil extraction systems on the seabed. They are of four categories:
1. Flexible-lay & Construction Vessels
2. Diving & multi support Vessels
3. Rigid S-Lay & heavy lift Vessels
4. Rigid Reel-lay & J-Lay Vessels
TechnipFMC designs and manufactures Umbilical cable and flexible pipes. It has flexible pipe manufacturing plants in France, Brazil and Malaysia. It operates umbilical production facilities in UK, United States, Angola SINGAPORE BRAZIL and Malaysia. TechnipFMC has started Modular Manufacturing Yard at Dahej in Gujarat state of India in 2017.

Operating Centres

TechnipFMC has centres in various cities of the world.
Africa
Asia, Australia and Middle East
Europe
North America
South America
In 2010, the company’s Paris-based predecessor was fined $240 million for paying bribes to win contracts to build a liquefied-natural-gas plant in Nigeria.
In June 2019, TechnipFMC agreed to pay around US$300 Million to resolve allegations it bribed government officials in Iraq and Brazil, including at the country’s state-controlled oil-and-gas company Petróleo Brasileiro S.A., also known as Petrobras.