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...Loke, based in Norway’s oil capital Stavanger, is backed by companies including Norwegian defence contractor Kongsberg Gruppen, UK offshore engineer TechnipFMC and Norwegian shipping group Wilhelmsen....
...The 48-year-old Ms MacGregor currently runs Technip Energies, an arm of oil services group TechnipFMC, after spending 23 years at Schlumberger, the world’s biggest oilfield services company....
...Ms MacGregor had been due to become chief executive of half of Franco-American oil services group TechnipFMC, which was due to separate into two companies....
...TechnipFMC, a major oil and gas services company, announced plans in August to spin off a business that will focus on liquefied natural gas and energy alternatives such as biofuels, allowing the demerged...
...TechnipFMC said its settlements resolved investigations relating to Monaco’s Unaoil, which has previously denied wrongdoing....
...in danger of collapse (FT) Eight big US banks suspend share buybacks (FT) World’s three biggest fund houses shed $2.8tn of assets (FT) Saba Capital gains up to 175% with bets against junk bonds (FT) TechnipFMC...
...The forthcoming Arctic LNG 2 plant by Novatek and its French, Chinese and Japanese partners, for instance, has agreed to import solutions from TechnipFMC, a Franco-American services company....
...Service company executives from TechnipFMC and Schlumberger spoke of reducing their “carbon footprints”. One senses this is all part of a larger cost-slashing exercise....
...We upgrade Aker Solutions, TechnipFMC and Wood to OW while downgrading Tenaris to EW and Hunting to UW....
...with consensus expecting a 31 per cent uplift in profitability might not be achieved.”Peel Hunt Many of Weir’s peer group have sought to separate their oil and gas units, including Atlas-Copco, Metso, TechnipFMC...
...Among the firms invited to tender, Paris-based TechnipFMC declined to take part....
...revamped Davis Cup (FT) Viking curbs investor redemptions to aid VC push (FT) Energy data firm Genscape sold to Verisk for $364m (FT) Drought of IPOs in Hong Kong coming to an end (BBG) Oil services firm TechnipFMC...
...As part of the same research, Exane upgraded TechnipFMC to “neutral” from “underweight”....
...overweight” at JPMorgan; Société Générale cut to “hold” at Jefferies; Subsea 7 rated new “hold” at Berenberg; Surface Transforms raised to “buy” at Cantor; Takeaway downgraded to “sell” at Deutsche Bank; TechnipFMC...
...● Citigroup downgraded TechnipFMC to “neutral” from “buy” in a review of the mid-cap oil sector....
...Morgan Stanley’s top picks to play the trend were oil services companies: it upgraded Subsea 7 to “overweight” and repeated positive ratings on TechnipFMC, Tenaris, Saipem, and Petroleum Geo-Services....
...During Prince Mohammed’s US visit, a separate deal worth nearly $10bn was signed by Saudi Aramco with conglomerate Honeywell and engineering company TechnipFMC to study petrochemical production technology...
...TechnipFMC last week clinched a contract to provide subsea equipment and engineering for ExxonMobil’s new Liza offshore oil project in Guyana, on top of another deal won in March to supply Royal Dutch Shell...
...Doug Pferdehirt, the president of FMC and intended chief executive of TechnipFMC, denied that the deal was being done to minimise either company’s tax bill....
...Technip of France and US-based FMC Technologies announced on Thursday they had agreed to merge, with the shareholders of each company taking half of the ownership of the new company, which will be called TechnipFMC...
...Doug Pferdehirt, the president of FMC and intended chief executive of TechnipFMC, denied the decision to domicile in London was related to reducing tax....
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