TechnipFMC And Technip Energies Will Be The Official Names Of The Oilfield Services Provider In 2020, The Company Affirms In A Note
The Board Of Directors Of TechnipFMC Unanimously Approved The Company’s Plan To Split Into Two Independent Publicly Traded Companies In August 2019.
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Technip Energies (SpinCo)
With Approximately 15,000 Employees, Technip Energies Would Be One Of The Largest E&C (Engineering And Construction) Companies And Is Ready To Capitalize On The Global Energy Transition, The Company Said.
Technip Energies Will Be Well Positioned To Capture LNG Opportunities As A Result Of Its Project Delivery Model, Diversified Capabilities, And Track Record.
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Foresea announces winners of the 3rd supplier award highlighting performance, technology, and sustainability in the oil and gas sector in Macaé.
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The 12% export tax on Brazilian oil reignites the debate on regulatory risk, competitiveness, and impact on the trade balance.
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Rio could lose up to R$ 21 billion per year due to the STF’s decision on oil royalties, and the impact could affect the economy, tourism, and services.
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The rise in oil prices puts Brazil in a strategic advantage and projects a trade surplus of US$ 90 billion, boosting exports and creating a highly favorable and unexpected economic scenario.
Additionally, The New Company Will Benefit From Its Leadership Position, In Terms Of Backlog, In The Downstream Market, As Well As Future Growth Opportunities In Biofuels, Green Chemistry, And Other Energy Alternatives.
Technip Energies Will Be Incorporated In The Netherlands, Headquartered In Paris, And Listed On The Euronext Paris Stock Exchange.
TechnipFMC (RemainCo)
With Approximately 22,000 Employees, TechnipFMC Will Be A Fully Integrated Technology And Services Provider, Continuing To Drive Energy Development.
The Company’s Role Will Be To Support Clients In Delivering Unique And Integrated Production Solutions.
As An Independent Company, TechnipFMC Will Be The Largest Diversified Player In The Sector, According To TechnipFMC.
TechnipFMC Will Remain Incorporated In The United Kingdom With Its Headquarters In Houston And Listed On The NYSE And Euronext Paris Exchanges.

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