FMC Technologies, Inc. announced today that Robert L. Potter has been appointed President of the company. Potter assumes this responsibility from John T. Gremp who remains Chairman and Chief Executive Officer (CEO). “Bob is an experienced and well-respected leader with a deep understanding of our markets and technologies,” said Gremp. “He has been integral to [...]
FMC Technologies, Inc. reported second quarter 2012 revenue of $1.5 billion, up 22 percent from the prior-year quarter. Diluted earnings per share were $0.46 compared to $0.39 in the prior-year quarter. Total inbound orders were $1.4 billion and included $878.2 million in Subsea Technologies orders. Backlog for the Company was $5.2 billion, including Subsea Technologies [...]
FMC Technologies, Inc. announced today that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Gullfaks South field development. The contract has an estimated value of $200 million in revenue to FMC Technologies. Gullfaks South will be developed as a fast-track project in blocks 34/10 [...]
July 5, 2012 | Posted in
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FMC Technologies, Inc. announced that it has signed two five-year contracts with Island Offshore Management AS to supply Light Well Intervention (LWI) services for use by Statoil in the North Sea, contingent on approval from Statoil’s partners. Each contract contains options for two, two-year extensions. FMC’s LWI services enable cost effective intervention and maintenance operations [...]
May 24, 2012 | Posted in
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FMC Technologies, Inc. announced that it has completed the acquisition of Control Systems International, Inc. (CSI). CSI is a leading supplier of innovative control and automation system solutions for the oil and gas industry and other markets. The company has operations in Lenexa, Kansas; Irvine, California; and London, England. FMC Technologies, Inc. is a leading [...]
ANSYS and FMC Technologies have executed a long-term strategic agreement for simulation software that can standardize design analysis and provide scalability for growth. The energy industry is under incredible pressure to increase efficiency, maximize recovery and decrease environmental impact. Furthermore, production equipment such as subsea trees, manifolds and wellheads must operate reliably under extreme conditions [...]
May 1, 2012 | Posted in
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FMC Technologies, Inc. announced that it has completed the transaction to acquire the remaining 55% of the outstanding shares of Schilling Robotics LLC (“Schilling”). FMC had previously announced on January 3, 2012, its intention to purchase the remaining outstanding shares of Schilling and increase its ownership to 100 percent. Schilling is a leading producer of [...]
April 26, 2012 | Posted in
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FMC Technologies, Inc. reported first quarter 2012 revenue of $1.4 billion, up 29 percent from the prior-year quarter. Diluted earnings per share were $0.41 compared to $0.35 in the prior-year quarter. Total inbound orders of $2.0 billion were up 50 percent from the prior-year quarter and included $1.4 billion in Subsea Technologies orders. Backlog for [...]
April 25, 2012 | Posted in
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FMC Technologies, Inc. announced that it has signed a four-year agreement with Petrobras, Brazil’s national oil company, for the supply of pre-salt subsea equipment. The total award would result in approximately $1.5 billion in revenue to FMC Technologies if all of the subsea equipment included in the agreement is ordered. The initial call-off has an [...]
March 29, 2012 | Posted in
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FMC Technologies, Inc. announced that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Fram H-Nord development. The contract has a value of approximately $70 million in revenue to FMC. FMC’s scope of supply includes one subsea production tree, one manifold and one multiphase meter. [...]
March 21, 2012 | Posted in
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