French oil services provider, Technip, has denied alleged merger talks with Houston-based FMC Technologies.

Namely, earlier this week, reports came out that Technip could be looking into a potential sale and that there might be possible takeover talks between these two subsea majors.

However, the Paris-based company has rejected this week’s speculations: “Following recent press articles with respect to possible strategic transactions involving Technip, we state that there are no ongoing discussions with respect to such transactions,” Technip said in a statement.

The news comes some nine months after the companies formed a joint venture Forsys Subsea, which should unite the skills and capabilities of one of the strongest subsea equipment and oil services providers.

Subsea World News Staff