TechnipFMC plc ( ) is a French-American, UK-domiciled global

oil and gas A fossil fuel is a hydrocarbon-containing material formed naturally in the Earth's crust from the remains of dead plants and animals that is extracted and burned as a fuel. The main fossil fuels are coal, oil, and natural gas. Fossil fuels ...

company that provides complete project life cycle services for the energy industry. It was ranked 23rd among world's Top 225 International Design Firms in the year 2017 by

Engineering News-Record ''Engineering News-Record'' (widely known as ''ENR'') is an American weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide. It is widely regarded as one of the construction industry's most authori ...

. The company was formed by the merger of

FMC Technologies FMC Technologies, Inc. was a North American company that produced equipment for exploration and production of hydrocarbons. FMC Technologies was incorporated in 2000 when FMC Corporation divested its machinery businesses. It exists today as a par ...

of the United States and

Technip Technip S.A. was a company that carried out project management, engineering and construction for the energy industry; in 2017 it completed a merger with FMC Technologies to form TechnipFMC. Its headquarters were in the 16th arrondissement of Pa ...

of France that was announced in 2016 and completed in 2017. TechnipFMC acts in three distinct segments:

subsea Subsea technology involves fully submerged ocean equipment, operations, or applications, especially when some distance offshore, in deep ocean waters, or on the seabed. The term ''subsea'' is frequently used in connection with oceanography, marin ...

, offshore/onshore, and surface projects. These projects include offshore

oil and gas exploration Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth using petroleum geology. Exploration methods Vis ...

and extraction platforms, rigs, crude oil

refinery A refinery is a production facility composed of a group of chemical engineering unit processes and unit operations refining certain materials or converting raw material into products of value. Types of refineries Different types of refineries ...

petrochemical Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sou ...

plants such as

Ethylene Ethylene (IUPAC name: ethene) is a hydrocarbon which has the formula or . It is a colourless, flammable gas with a faint "sweet and musky" odour when pure. It is the simplest alkene (a hydrocarbon with carbon-carbon double bonds). Ethylene i ...

Hydrogen Hydrogen is the chemical element with the symbol H and atomic number 1. Hydrogen is the lightest element. At standard conditions hydrogen is a gas of diatomic molecules having the formula . It is colorless, odorless, tasteless, non-toxic, an ...

, SynGas plants,

Naptha Naphtha ( or ) is a flammable liquid hydrocarbon mixture. Mixtures labelled ''naphtha'' have been produced from natural gas condensates, petroleum distillates, and the distillation of coal tar and peat. In different industries and regions '' ...

Benzene Benzene is an organic chemical compound with the molecular formula C6H6. The benzene molecule is composed of six carbon atoms joined in a planar ring with one hydrogen atom attached to each. Because it contains only carbon and hydrogen atoms, ...

etc.

plastics Plastics are a wide range of synthetic polymers, synthetic or semi-synthetic materials that use polymers as a main ingredient. Their Plasticity (physics), plasticity makes it possible for plastics to be Injection moulding, moulded, Extrusion, e ...

rubber Rubber, also called India rubber, latex, Amazonian rubber, ''caucho'', or ''caoutchouc'', as initially produced, consists of polymers of the organic compound isoprene, with minor impurities of other organic compounds. Thailand, Malaysia, and ...

industry,

fertiliser A fertilizer (American English) or fertiliser (British English; see spelling differences) is any material of natural or synthetic origin that is applied to soil or to plant tissues to supply plant nutrients. Fertilizers may be distinct from ...

plant, onshore as well as floating

LNG Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volu ...

plants. The company is legally domiciled in the UK, and has major operations in Houston and Paris where its predecessor companies were headquartered. It has about 23,000 employees from 126 nationalities and operates in 48 countries. TechnipFMC stock is listed on the

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest s ...

and

Euronext Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, de ...

Paris exchange, and is a component of the

CAC Next 20 The CAC Next 20 is an index of security prices used with the Euronext Paris or Euronext Amsterdam. It gathers the 20 companies whose market capitalizations are ranked after those of the 40 companies who compose the CAC 40. These 20 are possible ca ...

and the

Dow Jones Sustainability Index The Dow Jones Sustainability Indices (DJSI) launched in 1999, are a family of indices evaluating the sustainability performance of thousands of companies trading publicly, operated under a strategic partnership between S&P Dow Jones Indices and Ro ...

. The French government owns a 4 percent stake in the company.

History

TechnipFMC was formed through the merger of FMC Technologies Inc. and French oil-services Technip SA. On January 17, 2017, TechnipFMC announced that it is operating as a unified company after completion of the merger, which created a significant new player in an energy industry wracked by a nearly two-year slump in crude prices. The company has three

headquarters Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the to ...

Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...

, and

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

. The CEO is Doug Pferdehirt and the executive chairman is Thierry Pilenko. TechnipFMC also provides consulting and technology business through its two subsidiaries, PT and Genesis. Through 2016-2017 the TechnipFMC fleet expanded with the addition of four pipe-laying vessels (PLSVs) constructed under the DOF-Technip partnership, two foreign (Skandi Açu and Skandi Buzios) and two Brazilian (Skandi Olinda and Skandi Recife). Another ship who entered operations was the Deep Explorer, one of the most advanced

diving support vessel A diving support vessel is a ship that is used as a floating base for professional diving projects. Basic requirements are the ability to keep station accurately and reliably throughout a diving operation, often in close proximity to drilling or ...

s (DSV) in the world. In August 2019, Doug Pferdehirt announced that TechnipFMC will be split into two independent engineering companies. The separation is expected to be completed by the end of the first semester 2020. The former

entity, without the subsea business, was renamed

Technip Energies Technip Energies N.V. is a French engineering and technology company for the energy industry and chemicals sector. It is a spin-off of TechnipFMC. History Technip Energies was established in 2021 as a spinoff of multinational energy compan ...

. On March 15, 2020, the group announced the suspension of the spin-off due to market conditions in the context of the

COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identif ...

Organization

Technip was certified as one of the first five companies in the world as a Global Top Employer 2015 which recognizes first-class employee offerings globally and equally, so TechnipFMC holds those credentials.

Recent Projects

Yamal LNG Yamal LNG (russian: ОАО "Ямал СПГ") is a joint venture based around a liquefied natural gas plant located in Sabetta at the north-east of the Yamal Peninsula, northwest Siberia, Russia. In addition to the LNG plant, the project includes p ...

, Russia *

Prelude FLNG ''Prelude'' FLNG is a floating liquefied natural gas platform owned by Shell plc and built by the Technip–Samsung Consortium (TSC) in South Korea for a joint venture between Royal Dutch Shell, KOGAS, and Inpex. The hull was launched in D ...

, Australia *Statoil Trestakk Oil Field Development, Norway *Coral South

FLNG A floating liquefied natural gas (FLNG) facility, is a floating production storage and offloading unit that conducts liquefied natural gas (LNG) operations for developing offshore natural gas resources. Floating above an offshore natural gas fi ...

Project, Offshore

Mozambique Mozambique (), officially the Republic of Mozambique ( pt, Moçambique or , ; ny, Mozambiki; sw, Msumbiji; ts, Muzambhiki), is a country located in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi ...

*Sulphate Reduction Plant,

Abu Dhabi Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the capital and second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area. ...

UAE The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

*Liza Deep Water Project,

Guyana Guyana ( or ), officially the Cooperative Republic of Guyana, is a country on the northern mainland of South America. Guyana is an indigenous word which means "Land of Many Waters". The capital city is Georgetown. Guyana is bordered by the ...

*Kaikias Deep Water Project,

Gulf of Mexico The Gulf of Mexico ( es, Golfo de México) is an oceanic basin, ocean basin and a marginal sea of the Atlantic Ocean, largely surrounded by the North American continent. It is bounded on the northeast, north and northwest by the Gulf Coast of ...

Sankofa (pronounced ''SAHN''-koh-fah) is a word in the Twi language of Ghana meaning “to retrieve" (literally "go back and get"; - to return; - to go; - to fetch, to seek and take) and also refers to the Bono Adinkra symbol represented either w ...

Field Development,

Ghana Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and To ...

*Riserless light Well Intervention services, Ichthys Field, Australia *Integrated Development of Vashishta (VA) & S1 fields,

Andhra Pradesh Andhra Pradesh (, abbr. AP) is a state in the south-eastern coastal region of India. It is the seventh-largest state by area covering an area of and tenth-most populous state with 49,386,799 inhabitants. It is bordered by Telangana to the ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

*Slurry Oil Filtration System for Fluid Catalytic Cracking Unit

Types of Projects

TechnipFMC has capability to execute following types of projects: * Front end consulting for prospects * Basic Engineering Packages * Detailed Engineering * Engineering, Procurement * Engineering, Procurement & Construction * Engineering, Procurement & Construction Management * Project Management Consultancy

Fleet of Vessels

TechnipFMC owns and operates 21 vessels and 4 are under construction. These large vessels are used for installation of subsea oil extraction systems on the seabed. They are of four categories: 1. Flexible-lay & Construction Vessels *Deep Orient *Skandi Africa *North Sea Atlantic *Deep Star 2. Diving & multi support Vessels *Deep Arctic *Deep Explorer *Deep Discoverer 3. Rigid S-Lay & heavy lift Vessels *Global 1200 4. Rigid Reel-lay & J-Lay Vessels *Apache II *Deep Blue *Deep Energy

Manufacturing Plants

TechnipFMC designs and manufactures

Umbilical cable An umbilical cable or umbilical is a cable and/or hose that supplies required consumables to an apparatus, like a rocket, or to a person, such as a diver or astronaut. It is named by analogy with an umbilical cord. An umbilical can, for example, ...

and flexible pipes. It has flexible pipe manufacturing plants in France, Brazil and Malaysia. It operates umbilical production facilities in UK,

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

Angola , national_anthem = " Angola Avante"() , image_map = , map_caption = , capital = Luanda , religion = , religion_year = 2020 , religion_ref = , coordina ...

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

and

Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...

. TechnipFMC has started Modular Manufacturing Yard at

Dahej Dahej is a cargo port situated on the South-west coast of Gujarat, India in Bharuch district. There is 17.5 million tonnes per year capacity LNG terminal operated by Petronet in Dahej. Port Information General The Port of Dahej is located in t ...

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

state of

in 2017.

Operating Centres

TechnipFMC has centres in various cities of the world. Africa *Algeria *Angola *Cameroon *Congo *Egypt *Gabon *Ghana *Mozambique *Nigeria *Tunisia Asia, Australia and Middle East *Azerbaijan *Australia *China *India *Indonesia *Iraq *Kazakhstan *Kuwait *Malaysia *Oman *Pakistan *Qatar *Russia *Saudi Arabia *Singapore *Thailand *United Arab Emirates *Vietnam Europe *Bulgaria *Finland *France *Germany *Greece *Italy *Netherlands *Norway *Poland *Portugal *Spain *United Kingdom North America *Canada *Mexico *United States South America *Argentina *Brazil *Colombia *Venezuela

Controversies

In 2010, the company's Paris-based predecessor (Technip) was fined $240 million for paying bribes to win contracts to build a liquefied-natural-gas plant in Nigeria. In June 2019, TechnipFMC agreed to pay around US$300 Million to resolve allegations it bribed government officials in Iraq (FMC) and Brazil, including at the country's state-controlled oil-and-gas company Petróleo Brasileiro S.A., also known as Petrobras.

References

External links

Official website
{{authority control, state=expanded Companies based in the City of London Oilfield services companies Companies listed on Euronext Paris Energy companies established in 2017 Government-owned companies of France Engineering companies of the United Kingdom Construction and civil engineering companies of the United Kingdom Construction and civil engineering companies established in 2017 Companies listed on the New York Stock Exchange