PHOTO: FMC Technologies delivers its ‘last’ subsea tree

FMC Technologies, a US-based provider of subsea systems for offshore oil and gas industry has delivered its last subsea tree, a piece of equipment used for the monitoring and control of production from offshore wells.

Namely, the company, which has delivered more than 2000 units over the years, on Saturday shared a photo of a truck loaded with a subsea tree, with the following caption:

“Yesterday the last FMC Technologies tree left one of our Houston facilities. The next one to leave will be the first TechnipFMC tree.”

The company was referring to the imminent completion of its merger with the French oilfield services provider Technip, which will create the company named TechnipFMC.

Technip and FMC Technologies are set to finalize the merger on Monday, January 16, 2017, after close of business, and TechnipFMC ordinary shares will be listed under ticker “FTI” on January 17, 2017, starting from the opening of the respective trading sessions on Euronext Paris (9:00 a.m. CET) and on the NYSE (9:30 a.m. EST).

To remind, the two firms first announced the intention to merge back in May, when they said the move would create “a global leader that will drive change by redefining the production and transformation of oil and gas.”

The combined company will be called TechnipFMC and will have an equity value of $13 billion (according to info from May 2016).

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply