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Last $41.49 USD
Change Today +0.69 / 1.69%
Volume 4.7M
FTI On Other Exchanges
New York
As of 7:34 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

fmc technologies inc (FTI) Key Developments

FMC Technologies Wins $297 Million Contract for Subsea Production Systems for Shah Deniz Stage 2 Project

FMC Technologies announced that it has received an order from BP Exploration (Shah Deniz) Ltd. to supply subsea production systems for Well Clusters 3-5 of the Shah Deniz Stage 2 project in the Caspian Sea. The Shah Deniz field is located offshore in the Azerbaijan sector of the Caspian Sea, about 100km south of Baku. The order has an estimated value of $297 million in revenue and is in addition to the initial order for Well Clusters 1-2 received in 2014 from BP, the operator of the Shah Deniz Stage 2 project.

FMC Technologies, Inc. and Technip Complete Forsys Subsea

FMC Technologies, Inc. and Technip announced that Forsys Subsea, a 50/50 joint venture, has received all regulatory approvals. The parties closed the transaction making Forsys Subsea operational on June 1, 2015. Forsys Subsea is a joint venture formed as part of a broader alliance between FMC Technologies and Technip that unites the skills and capabilities of two subsea leaders to redefine the way subsea fields are designed, delivered and maintained. By combining the technologies of the parent companies, Forsys Subsea will reduce the interfaces of the subsea umbilical, riser and flowline systems (SURF) and subsea production and processing systems (SPS). It will also simplify the seabed layout, thereby reducing complexity, accelerating time to first oil, and enabling higher sustainable field production. This unique combination will drive a new, step-change approach to how equipment designs and installation methods converge in a new generation of subsea architecture. The company is headquartered in London, with regional hubs in Houston, Oslo, Paris, Rio de Janeiro and Singapore. The Forsys Subsea leadership team includes Rasmus Sunde (FMC Technologies) as CEO, Alain Marion (Technip) as Chief Technology Officer, Arild Selvig (FMC Technologies) as Senior Vice President and Head of Front-End Engineering, and Gerald Bouhourd (Technip) as Senior Vice President and Head of Life of Field.

FMC Technologies, Inc. Presents at RBC Capital Markets 2015 Global Energy and Power Executive Conference, Jun-02-2015 03:05 PM

FMC Technologies, Inc. Presents at RBC Capital Markets 2015 Global Energy and Power Executive Conference, Jun-02-2015 03:05 PM. Venue: The Ritz Carlton Battery Park Hotel, New York, New York, United States. Speakers: Maryann T. Seaman, Chief Financial Officer and Executive Vice President.

FMC Technologies, Inc. Appoints Douglas J. Pferdehirt as its President

FMC Technologies, Inc. announced that its Board of Directors has appointed Douglas J. Pferdehirt as President of the company. Pferdehirt assumes this responsibility from John T. Gremp who remains Chairman and Chief Executive Officer. Pferdehirt previously served as Executive Vice President and Chief Operating Officer. He will assume the role of President immediately, while retaining his position as Chief Operating Officer, responsible for leading the company's three business segments.

FMC Technologies Announces Resignation of Johan Pfeiffer, Vice President of Surface Technologies, Effective July 1, 2015

On April 29, 2015, Johan Pfeiffer, Vice President of Surface Technologies for FMC Technologies, Inc. (the Company"), provided notice of his intent to resign from the Company to pursue a new career opportunity outside of the oil and gas industry. His last day of employment will be July 1, 2015. Mr. Pfeiffer contributed to the success of the Company and its predecessor, FMC Corporation, during his more than 20 years of service.


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