TechnipFMC's asset
TechnipFMC

@fmctechnologies.com

TechnipFMC is a global leader in energy projects, technologies, systems, and services; providing clients with deep expertise across subsea and surface projects.

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About

Description

TechnipFMC is a leading global provider of oil and gas services and solutions. The company was formed in 2017 through the merger of Technip, a French engineering company, and FMC Technologies, an American energy services provider. The headquarters of TechnipFMC is located in Houston, Texas, United States.


TechnipFMC offers a wide range of products and services, including subsea production systems, surface wellhead systems, offshore drilling and completion, offshore pipelines, and onshore/offshore facilities. The company operates across the entire energy value chain, providing integrated solutions and expertise for the development and operation of oil and gas projects. On a global scale, TechnipFMC has a significant presence and operates in over 48 countries.


The company has a strong network of subsidiaries, joint ventures, and partnerships around the world. Some noteworthy subsidiaries include Technip USA, Technip Italy, FMC Technologies Ltd., and FMC Kongsberg Subsea. In terms of market position, TechnipFMC is regarded as one of the industry leaders and has a strong competitive edge.


The company has a solid track record of successful projects and has established long-term relationships with major players in the oil and gas sector. Over the years, TechnipFMC has achieved several major milestones and made notable strategic changes. In 2019, the company completed the spin-off of its engineering and construction business into a separate entity called Technip Energies.


This move allowed TechnipFMC to focus on its core subsea and surface technologies business. Currently, TechnipFMC is operating in a challenging market environment due to the downturn in the oil and gas industry. The company has been implementing cost-saving measures and realigning its operations to adapt to the changing market conditions.


In 2020, TechnipFMC announced its intent to separate into two independent publicly traded companies, TechnipFMC and Technip Energies, to unlock further value and enhance competitiveness. Overall, TechnipFMC remains a prominent player in the oil and gas industry, known for its innovative solutions, global presence, and strong market position

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