Looking for a specific product?

Make a search for products & suppliers, articles & news.

Technip and FMC Technologies Shareholders Approve Business Combination

FMC Technologies Inc. and Technip S.A. have announced that the companies' respective shareholders have voted to approve the proposed business combination of Technip and FMC Technologies.

Shareholders of both companies voted in favor of resolutions required for the consummation of the proposed combination when they met separately today. FMC Technologies held a special meeting of its shareholders. Technip held an extraordinary general meeting of Technip shareholders, as well as a special meeting of Technip shareholders that hold double voting rights.

The proposed combination remains subject to certain regulatory approvals and consents, as well as other customary closing conditions. In accordance with English law, the completion date will be set by an order of the Chancery Division of the High Court of Justice expected to be issued on December 21, 2016. The transaction is expected to close in early 2017.

 

Global market leader in subsea systems

 

FMC Technologies, Inc. is the global market leader in subsea systems and a leading provider of technologies and services to the oil and gas industry. They help customers overcome their most difficult challenges, such as improving shale and subsea infrastructures and operations to reduce cost, maintain uptime, and maximize oil and gas recovery. The company has approximately 14,500 employees and operates 29 major production facilities and services bases in 18 countries. 

 

Project Management, Engineering and Construction

 

Technip is a world leader in project management, engineering and construction for the energy industry. From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, their close to 31,000 people are constantly offering the best solutions and most innovative technologies to meet the world's energy challenges. Present in 45 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction. 

Related news

Latest news

Industry's preferred pipeline standard gets update by DNV GL

A number of requirements related to linepipe fabrication,

Servogear Hybrid CPP for the World’s First Hybrid Catamarans in Commercial Traffic

Norled AS is one of Norway’s largest ferry and express boat operators. 

CMR is helping companies in Hordaland with research-based innovation

CMR has won a contract with Hordaland county council as competence broker. The contract is part of the Research-based Regional Innovation (FORREGION) scheme.

ISO to release final draft of ISO 45001 – Occupational Health & Safety

The ISO 45001 Final Draft International Standard (FDIS) is scheduled to be released for review on November 30. In case of a positive vote the standard is expected to be published in February 2018.

DNV GL helps reduce cost of compliance with innovative approach to independent verification of oil and gas assets

Verification surveys applying remote witnessing involve equipping a technician onsite with hardware (a camera or smartphone) and dedicated software which enable remote...

Renewables exports are increasing, but more rapid growth is required

Reorientation among oil and gas suppliers boosted international sales of renewable energy equipment and services by Norwegian companies, writes Ivar Slengesol, Director of Industry and Clean Technologies at Export Credit N...

The world’s most modern wellboat

The wellboat Ronia Diamond was characterised as the “most modern wellboat the world has seen” during her christening in Bergen on 23 September.

Joint industry collaboration to boost offshore and marine sector with Additive Manufacturing (3D printing), Drone and Digital Twin technologies

DNV GL, A*STAR’s Singapore Institute of Manufacturing Technology (SIMTech) and National Additive Manufacturing Innovation Cluster (NAMIC) ...

DNV GL line optimization brings ten per cent fuel savings for Hapag-Lloyd Cruises’ new expedition cruise vessels

“The design concept for the two new ships was ‘inspired by nature’,” says Dr. Henning Brauer,