TechnipFMC said on Tuesday it has started operating as a unified, combined company following completion of the merger of French LNG-engineer Technip and Houston-based FMC Technologies.
The merger creates a “global leader in oil and gas projects, technologies, systems, and services that will enhance the performance of the world’s energy industry,” TechnipFMC said.
TechnipFMC noted in the statement it is “well-placed” to meet the challenges in the oil and gas industry.
“By bringing together complementary skills and innovative technologies, the company can boost efficiency, lower costs, and accelerate schedules.”
“Whether clients need an individual operation or an end-to-end solution, TechnipFMC is positioned to transform project economics across subsea, onshore/offshore and surface, and lay the foundation for sustainable success,” the company said.
“This is a transformational day for TechnipFMC and our employees,” said Thierry Pilenko, Executive Chairman of TechnipFMC. “As one company, we can make oil and gas projects more viable, driving value for our clients and shareholders. With an unmatched commitment to innovation and efficiency, TechnipFMC will advance the creation of cost-efficient solutions for years to come.”