FMC Technologies, Inc. announced that it has been named the recipient of two Spotlight on New Technology awards by the Offshore Technology Conference (OTC). The awards, which honor innovative technologies that significantly impact offshore exploration and production, recognize FMC’s subsea processing systems designed for Total’s Pazflor field and Petrobras’ Marlim field. “We are honored to [...]
March 7, 2012 | Posted in
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FMC Technologies, Inc. announced that it has been named the 2012 World’s Most Admired Company in the Oil and Gas Equipment, Services industry by FORTUNE® Magazine. The rankings are based on a survey of approximately 15,000 senior executives, outside directors and industry analysts. Companies were evaluated based on the following criteria: innovation, people management, use [...]
March 2, 2012 | Posted in
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FMC Technologies, Inc. announced it has signed a definitive agreement to acquire Control Systems International, Inc. (CSI). Terms of the transaction, which is subject to further due diligence and various closing conditions, were not disclosed. Founded in 1968, CSI is a leading supplier of innovative control and automation system solutions. These include FUEL-FACS+®, the [...]
February 17, 2012 | Posted in
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FMC Technologies, Inc. reported fourth quarter 2011 revenue of $1.5 billion, up 36 percent from the prior-year quarter. Diluted earnings per share were $0.41, equal to the prior-year quarter. Total inbound orders of $1.8 billion were up 14 percent from the prior-year quarter and included $1.3 billion in Subsea Technologies orders. Backlog for the Company [...]
February 15, 2012 | Posted in
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FMC Technologies, Inc. announced that it has signed an agreement with Anadarko Petroleum Corporation to provide subsea systems and life-of-field services for its Lucius project. The Lucius field is located approximately 275 miles southeast of Galveston in Keathley Canyon Block 875, in water depths of approximately 7,100 feet (2,160 meters). FMC’s scope of supply includes [...]
January 11, 2012 | Posted in
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FMC Technologies, Inc. announced that its Australian subsidiary has signed an agreement with Woodside Energy Ltd. for the design, manufacture and supply of subsea production systems to support the Greater Western Flank (GWF) Phase 1 Project. The contract has a value of approximately $150 million in revenue to FMC Technologies. The GWF Phase 1 Project [...]
January 10, 2012 | Posted in
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FMC Technologies, Inc. announced that it has given notice to exercise its purchase option for the remaining 55% of outstanding shares of Schilling Robotics LLC. The transaction is expected to close on or about March 30, 2012. FMC purchased its existing 45% interest in Schilling and obtained the purchase option in 2008. Schilling is a [...]
January 3, 2012 | Posted in
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FMC Technologies, Inc. announced that its Board of Directors has approved the repurchase of 15 million shares of its issued and outstanding common stock. This program is in addition to the Company’s existing share repurchase program, which had 3.3 million shares available for purchase as of September 30, 2011. The timing and amount of any [...]
December 15, 2011 | Posted in
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FMC Technologies, Inc. announced that it has signed a contract with BP for the manufacture and supply of additional subsea equipment for its ongoing deepwater projects offshore Angola. FMC’s scope of supply includes four subsea trees, control systems, wellheads, tubing hangers, well jumpers and subsea distribution systems. The equipment will be manufactured at FMC’s Kongsberg, [...]
December 13, 2011 | Posted in
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FMC Technologies, Inc. announced that it has signed an agreement with LLOG Exploration Company, LLC, for the design, manufacture and supply of subsea production systems to support its Who Dat project in the U.S. Gulf of Mexico. The award is valued at approximately $40 million in revenue to FMC. FMC’s scope of supply includes seven [...]
December 8, 2011 | Posted in
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