Xman1959
4 years ago
TechnipFMC Announces Executive Leadership Changes
BY Business Wire
— 2:00 AM ET 10/05/2020
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--
TechnipFMC ( FTI
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) announced today that Arnaud Pieton has been named President and CEO-elect, Technip Energies, effective immediately. The Company has also announced the appointment of Jonathan Landes to the role of President, Subsea.
Mr. Pieton has been with the Company since 2004 and held multiple leadership positions across the Company, including Vice President, Projects. He most recently served as the Company’s President, Subsea since 2018. Prior to this, he was Executive Vice President, People & Culture, as well as President, Asia Pacific Region, where he was responsible for the Onshore/Offshore business (now Technip Energies).
Mr. Landes, who has 25 years of experience in the energy sector, most recently served as the Company’s Senior Vice President, Subsea, where he had global responsibility for all commercial strategy, and front-end engineering activities. He played a critical role in the successful introduction of the Company’s integrated business model – iEPCITM – and new technologies, including Subsea 2.0TM. Throughout his career, he has held roles in project management, operations, sales and marketing, technology and services.
These appointments follow the resignation of Catherine MacGregor, who will leave the Company to work for a Company client, Engie.
Doug Pferdehirt, Chairman and CEO of TechnipFMC ( FTI
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), stated “I am pleased to announce Arnaud Pieton’s appointment to President and CEO-elect of Technip Energies. Arnaud has extensive operational experience in EPC and subsea, and he has made significant contributions as a member of TechnipFMC’s executive team. I am confident in his ability to continue to drive the excellent project performance and strategy of Technip Energies.”
Mr. Pferdehirt continued, “Jonathan Landes has held both operational and commercial roles in Subsea and is a natural successor to Arnaud. Jon’s commitment to client success, through close and long-standing relationships, will continue to drive change in the industry and ensure our continued leadership.”
“Finally, I would like to thank Catherine MacGregor for her many contributions, including her leadership of Technip Energies. I wish her all the best and look forward to working with her as a client.”
Important Information for Investors and Securityholders
Forward-looking statements
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
###
About TechnipFMC ( FTI
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TechnipFMC ( FTI
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) is a global leader in the energy industry, delivering projects, products, technologies and services. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our customers’ project economics.
Organized in three business segments — Subsea, Surface Technologies and Technip Energies — we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our customers in developing their energy resources and in their positioning to meet the energy transition challenge.
Each of our approximately 37,000 employees is driven by a steady commitment to clients and a culture of project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.
TechnipFMC ( FTI
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) utilizes its website www.TechnipFMC.com as a channel of distribution of material company information. To learn more about us and how we are enhancing the performance of the world’s energy industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC ( FTI
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).
Investor relations
Matt Seinsheimer
Vice President Investor Relations
Tel: +1 281 260 3665
Email: Matt Seinsheimer
Phillip Lindsay
Director Investor Relations (Europe)
Tel: +44 (0) 20 3429 3929
Email: Phillip Lindsay
Media relations
Christophe Bélorgeot
Senior Vice President Corporate Engagement
Tel: +33 1 47 78 39 92
Email: Christophe Belorgeot
Brooke Robertson
Public Relations Director
Tel: +1 281 591 4108
Email: Brooke Robertson
Category: UK regulatory
View source version on businesswire.com: https://www.businesswire.com/news/home/20201004005023/en/
Source: TechnipFMC ( FTI
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stocktrademan
10 years ago
$FTI recent news/filings
bullish
double bottom
## source: finance.yahoo.com
Thu, 30 Apr 2015 20:57:14 GMT ~ FMC Technologies To Be Recognized at OTC with Spotlight on New Technology Award
[at noodls] - HOUSTON, April 30, 2015 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it will be recognized at the Offshore Technology Conference (OTC) next week with the presentation of a Spotlight ...
read full: http://www.noodls.com/view/98D06E1DB504B783A6EFAB8F228F9F9066A90743
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Thu, 30 Apr 2015 20:30:00 GMT ~ FMC Technologies To Be Recognized at OTC with Spotlight on New Technology Award
[PR Newswire] - HOUSTON, April 30, 2015 /PRNewswire/ -- FMC Technologies, Inc. (FTI) announced today that it will be recognized at the Offshore Technology Conference (OTC) next week with the presentation of a Spotlight on New Technology Award. The award, which honors innovative technologies that significantly impact offshore exploration and production, is in recognition of FMC Technologies' Annulus Monitoring System. "We are honored to be recognized by OTC with this prestigious award," said John Gremp, FMC Technologies' Chairman, President and Chief Executive Officer.
read full: http://finance.yahoo.com/news/fmc-technologies-recognized-otc-spotlight-203000678.html
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Thu, 30 Apr 2015 17:04:11 GMT ~ FMC TECHNOLOGIES INC Financials
read full: http://finance.yahoo.com/q/is?s=fti
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Wed, 29 Apr 2015 22:15:18 GMT ~ NYSE stocks posting largest percentage increases
[AP] - A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.: Herbalife Ltd. rose 9.7 percent to $36.46. Travel Centers of America LLC rose 8.3 percent to $14.51. Pandora Media Inc. ...
read full: http://sg.finance.yahoo.com/news/nyse-stocks-posting-largest-percentage-175507059--finance.html
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Wed, 29 Apr 2015 12:22:12 GMT ~ The Zacks Analyst Blog Highlights: Weatherford International, Southwestern Energy, Cameron International and FMC Technologies - Press Releases
read full: http://finance.yahoo.com/news/zacks-analyst-blog-highlights-weatherford-122212079.html
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$FTI charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$FTI company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/FTI/company-info
Ticker: $FTI
OTC Market Place: Not Available
CIK code: 0001135152
Company name: FMC Technologies, Inc.
Company website: http://www.fmctechnologies.com
Incorporated In: DE, USA
$FTI share structure
## source: otcmarkets.com
Market Value: $10,183,205,529 a/o Apr 30, 2015
Shares Outstanding: 230,911,690 a/o Apr 21, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$FTI extra dd links
Company name: FMC Technologies, Inc.
Company website: http://www.fmctechnologies.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/FTI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/FTI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=FTI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=FTI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=FTI+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/FTI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/FTI/news - http://finance.yahoo.com/q/h?s=FTI+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/FTI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/FTI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/FTI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/FTI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/FTI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/FTI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/FTI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/FTI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=FTI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/FTI
DTCC (dtcc.com): http://search2.dtcc.com/?q=FMC+Technologies%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=FMC+Technologies%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=FMC+Technologies%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.fmctechnologies.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.fmctechnologies.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.fmctechnologies.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/FTI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/FTI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/FTI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/FTI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/FTI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001135152&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/FTI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/FTI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/FTI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/FTI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=FTI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=FTI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/FTI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=FTI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=FTI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=FTI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=FTI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=FTI+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/FTI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=FTI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/FTI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=FTI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/FTI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/FTI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/FTI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/FTI/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/FTI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/FTI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/FTI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=FTI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=FTI
$FTI DD Notes ~ http://www.ddnotesmaker.com/FTI
MinnieM
13 years ago
FMC Technologies Awarded Contract From BP for Block 18 Deepwater Projects
http://ih.advfn.com/p.php?pid=nmona&article=50394619
PR Newswire
HOUSTON, Dec. 12, 2011 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a contract with BP (NYSE: BP) for the manufacture and supply of additional subsea equipment for its ongoing deepwater projects offshore Angola.
FMC's scope of supply includes four subsea trees, control systems, wellheads, tubing hangers, well jumpers and subsea distribution systems. The equipment will be manufactured at FMC's Kongsberg, Norway and Dunfermline, Scotland facilities and will be delivered in 2013. Final assembly and testing activities will be performed at FMC's operation in Angola.
"We have worked closely with BP and supported their Block 18 deepwater projects for several years," said John Gremp, Chairman, President and CEO of FMC Technologies. "We are pleased they continue to see the benefits of our innovative technologies and our extensive experience in subsea activities offshore West Africa."
FMC Technologies, Inc. (NYSE: FTI) is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2010, the Company has approximately 13,500 employees and operates 27 production facilities in 16 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. For more information, visit www.fmctechnologies.com.
This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could" and similar expressions, including the negative thereof, are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on the Company's current expectations and beliefs concerning future developments and their potential effect on the Company. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that any projected results or events will be achieved.
All of the Company's forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company's control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. Such risks and uncertainties include, but are not limited to, the Company's ability to successfully manufacture and deliver, and BP's acceptance of, the subsea systems ordered. For additional information regarding known material factors that could cause actual results to differ from projected results, please see the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly update or revise any of its forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
(Logo: http://photos.prnewswire.com/prnh/20081222/LAM028LOGO)
SOURCE FMC Technologies, Inc.
peewee
16 years ago
FMC Technologies Awarded Contract for Oil and Gas Industry's First 20,000 PSI Subsea Wellhead System
Date : 03/12/2009 @ 4:00PM
Source : PR Newswire
Stock : Fmc Technologies, Inc. (FTI)
Quote : 27.01 0.0 (0.00%) @ 8:35AM
FMC Technologies Awarded Contract for Oil and Gas Industry's First 20,000 PSI Subsea Wellhead System
HOUSTON, March 12 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. (NYSE: FTI) has signed a contract for the manufacture and supply of FMC's proprietary HC-20 high capacity subsea wellhead system, the oil and gas industry's first subsea wellhead system to be rated and qualified at 20,000 pounds per square inch (psi).
(Logo: http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO)
In addition to operating at pressures as high as 20,000 psi, the equipment is engineered to perform at temperatures as high as 350 degrees Fahrenheit. The HC-20 enables the development of high-pressure wells and its enhanced load bearing capacity, in excess of nine million pounds, allows operators to drill deeper wells with heavier casing strings. FMC's HC-20 subsea wellhead system also incorporates a unique independent load distribution mechanism to support up to four million pounds of combined casing string capacity plus full 20,000 psi blowout preventer test pressure.
The HC-20 system is scheduled to be delivered to Anadarko Petroleum Corporation in the fourth quarter of 2009 and will be manufactured at FMC's facility in Houston.
"As customer projects encounter greater water depths, higher pressures and higher temperatures, FMC will continue to engineer the innovative and industry leading technologies they require," said John Gremp, Executive Vice President of FMC Technologies.
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies has approximately 9,800 employees and operates 19 manufacturing facilities in 14 countries. For more information visit http://www.fmctechnologies.com/.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 and may be modified in subsequent quarterly reports filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO
http://photoarchive.ap.org/
DATASOURCE: FMC Technologies, Inc.
CONTACT: Investors, Rob Cherry, +1-281-591-4560, or Media, Ellen Bates,
+1-281-445-6559, or Michael King, +1-281-931-2540, all of FMC Technologies,
Inc.
Web Site: http://www.fmctechnologies.com/
peewee
16 years ago
FMC Technologies Announces First Quarter Earnings Release and Teleconference Schedule
Date : 03/09/2009 @ 5:13PM
Source : PR Newswire
Stock : Fmc Technologies, Inc. (FTI)
Quote : 24.53 0.2 (0.82%) @ 5:09PM
FMC Technologies Announces First Quarter Earnings Release and Teleconference Schedule
HOUSTON, March 9 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it will issue its first quarter 2009 earnings release after the market closes on Wednesday, April 29, 2009. The company also announced it will host its first quarter 2009 earnings release teleconference on Thursday, April 30, at 9:00 a.m. EDT.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO)
The call can be accessed by dialing 866-394-0571 (U.S. / Canada) or 706-645-9131 (International) and referring to Conference ID 88943528. The call will be webcast simultaneously via a link on the Company's website, http://www.fmctechnologies.com/, or at http://ir.fmctechnologies.com/. Those interested in listening to the webcast should go to the website at least ten minutes before the call to register.
An online audio replay of the call will be available at approximately 2:00 p.m. EDT on April 30. An audio replay will also be accessible through May 29 by dialing 800-642-1687 (U.S. / Canada) or 706-645-9291 (International).
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies has approximately 9,800 employees and operates 19 manufacturing facilities in 14 countries. For more information visit http://www.fmctechnologies.com/.
http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO
http://photoarchive.ap.org/
DATASOURCE: FMC Technologies, Inc.
CONTACT: Investors, Rob Cherry, +1-281-591-4560, or Media, Ellen Bates,
+1-281-445-6559, or Michael King, +1-281-931-2540, all of FMC Technologies,
Inc.
Web Site: http://www.fmctechnologies.com/
peewee
16 years ago
FMC Technologies to Present at the Raymond James 30th Annual Institutional Investors Conference
Date : 03/04/2009 @ 4:00PM
Source : PR Newswire
Stock : Fmc Technologies, Inc. (FTI)
Quote : 25.12 1.33 (5.59%) @ 4:42PM
FMC Technologies to Present at the Raymond James 30th Annual Institutional Investors Conference
HOUSTON, March 4 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that John T. Gremp, Executive Vice President, will address attendees at the following event:
Event: Raymond James 30th Annual Institutional Investors Conference JW Marriott Grande Lakes Orlando, FL
Tuesday, March 10, at 8:05 a.m. EDT
Presentation: Live webcast and accompanying presentation slides will be available at the time of the event and can be accessed at http://ir.fmctechnologies.com/events.cfm.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO)
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies has approximately 9,800 employees and operates 19 manufacturing facilities in 14 countries. For more information visit http://www.fmctechnologies.com/.
http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO
http://photoarchive.ap.org/
DATASOURCE: FMC Technologies, Inc.
CONTACT: Investors, Rob Cherry, +1-281-591-4560, or Media, Ellen Bates,
+1-281-445-6559, or Michael King, +1-281-931-2540, all of FMC Technologies,
Inc.
Web Site: http://www.fmctechnologies.com/
peewee
16 years ago
FMC Technologies Elects Claire S. Farley and Dr. Thorleif Enger to Its Board of Directors
Date : 03/02/2009 @ 8:00AM
Source : PR Newswire
Stock : Fmc Technologies, Inc. (FTI)
Quote : 26.49 0.0 (0.00%) @ 8:48AM
FMC Technologies Elects Claire S. Farley and Dr. Thorleif Enger to Its Board of Directors
HOUSTON, March 2 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. (NYSE: FTI) announced today the election of Claire S. Farley and Dr. Thorleif Enger to the Company's Board of Directors, effective February 27, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO)
Ms. Farley is Advisory Director at Jeffries, Randall & Dewey, a global oil and gas industry advisor. She served as the Co-President of Jeffries, Randall & Dewey from February 2005 to July 2008, when Randall and Dewey became the Oil and Gas Investment Banking Group of Jeffries & Company. Prior to that, Ms. Farley served as Chief Executive Officer. She has extensive oil and gas exploration expertise, holding several positions within Texaco from 1982 to 1999, including President of Worldwide Exploration and New Ventures, President of North American Production, and Chief Executive Officer of HydroTexaco. Ms. Farley also served as Chief Executive Officer of Intelligent Diagnostics and of Trade Ranger. She currently serves on the Board of Directors for EnCana.
Dr. Enger is the former President and Chief Executive Officer of Yara International. He previously served as Executive Vice President of Hydro Agri from 1999 to 2004. Dr. Enger served as Executive Vice President of Oil and Energy for Norsk Hydro from 1996 to 1999, and President of Hydro's Exploration and Production Division from 1987 to 1996. Dr. Enger is the Chairman of the Board of Spring Energy, an Oslo-based independent Norwegian upstream oil and gas company, and serves on the supervisory board of E.ON Ruhrgas AG, a German upstream gas company. He is also currently a Board member of QAFCO and Marine Harvest ASA.
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies has approximately 9,800 employees and operates 19 manufacturing facilities in 14 countries. For more information visit http://www.fmctechnologies.com/.
http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO
http://photoarchive.ap.org/
DATASOURCE: FMC Technologies, Inc.
CONTACT: investors, Rob Cherry, +1-281-591-4560, or media, Ellen Bates,
+1-281-445-6559, or Michael King, +1-281-931-2540, all for FMC Technologies,
Inc.
Web Site: http://www.fmctechnologies.com/
nature boy
16 years ago
FMC Technologies, Noble Energy Bolster Deepwater GOM Ties
by FMC Technologies, Inc.
January 07, 2009
FMC Technologies, Inc. recently signed a five-year frame agreement with Noble Energy, Inc. making FMC Technologies the preferred subsea equipment supplier for Noble Energy's deepwater Gulf of Mexico developments.
FMC Technologies' scope of supply includes the manufacture of subsea production systems including enhanced horizontal subsea trees and related installation services. FMC will also provide required controls, manifolds and tie-in systems as part of the agreement.
"Earlier this year we manufactured two 15,000 psi subsea tree systems for Noble Energy," said John Gremp, Executive Vice President of FMC Technologies. "This frame agreement strengthens our existing relationship and also provides a budgeting and forecasting plan to assist Noble Energy with their deepwater Gulf of Mexico developments."
nature boy
16 years ago
FMC Sees Strength of Subsea Backlog Buoying Business in 2009
by Other Regions Company News News
February 17, 2009
FMC Technologies has reported record fourth quarter 2008 revenue from continuing operations of $1.2 billion, up 13 percent over the fourth quarter of 2007. Diluted earnings per share from continuing operations were $0.74, up 16 percent from $0.64 per diluted share in the prior-year quarter.
Fourth quarter operating profit increased 39 percent in Energy Production Systems and was up 4 percent in Energy Processing Systems compared to the fourth quarter of 2007. The acquisition of a 45 percent interest in Schilling Robotics, LLC was completed on December 26, 2008. Schilling Robotics is a leading manufacturer of remotely operated vehicles (ROVs), ROV manipulator systems, and control systems for use in subsea oil and gas exploration and production.
Full Year 2008 Results
Full year 2008 revenue of $4.6 billion increased 25 percent from $3.6 billion in 2007. This growth was led by subsea systems revenue which increased 32 percent to $3.0 billion. Full year 2008 diluted earnings per share from continuing operations of $2.72 were up 39 percent from 2007 diluted earnings per share of $1.95. Energy Production Systems' operating profit increased 46 percent and Energy Processing Systems' operating profit increased 16 percent over the prior year.
"We are very pleased with our results in 2008," said Peter D. Kinnear, Chairman, President and Chief Executive Officer. "We enter 2009 in the midst of an uncertain macroeconomic environment but with a solid base for future business. We expect the strength of our subsea
backlog will help offset declines in our other businesses in 2009. Overall, we estimate 2009 diluted earnings per share from continuing operations to be in a range of $2.40 to $2.65."
Review of Operations -- Fourth Quarter 2008
Energy Production Systems
Energy Production Systems' fourth quarter revenue of $972.8 million increased 12 percent over the prior-year quarter due to increased subsea systems sales. Revenue for subsea systems was a record $788 million for the quarter, up 15 percent from the prior-year quarter. Surface wellhead revenue decreased slightly from the fourth quarter of 2007.
Energy Production Systems' record operating profit of $119.1 million increased 39 percent over the prior-year quarter. The increase was due to higher volume and operating margin in subsea systems. Operating margin in the segment was a record 12.2 percent for the quarter and 11.5 percent for the full year.
Energy Production Systems' inbound orders of $401.5 million in the fourth quarter were adversely impacted by backlog translation due mainly to the strengthening of the U.S. dollar versus the Norwegian Krone and Brazilian Real. Full-year subsea system orders were $2.1 billion. Backlog for Energy Production Systems was $3.3 billion and included $3.0 billion in subsea backlog at the end of the fourth quarter.
Energy Processing Systems
Energy Processing Systems' fourth quarter revenue of $229.6 million was 9 percent higher than the prior-year quarter. The revenue increase came primarily from the material handling systems business. Energy Processing Systems' fourth quarter operating profit of $40.7 million was 4 percent higher than the prior-year quarter. Energy Processing Systems' inbound orders were $167.4 million for the fourth quarter and backlog was $313.2 million.
Corporate Items
Corporate expense in the fourth quarter of 2008 was $9.1 million, a decrease of $0.8 million from the third quarter. Other expense, net, was $21.8 million, an increase of $34.7 million from the prior-year quarter. The net impact of foreign exchange gains and losses in the fourth quarter was a net loss of $8.3 million as compared to a net gain of $11.9 million in the prior-year quarter. The company also had a net increase from the fourth quarter of 2007 of $7.2 million in pension related expenses due to executive retirements and an increase of $4.6 million in LIFO inventory costs.
The company ended the quarter with net debt of $154.9 million. Net interest expense was $0.7 million in the fourth quarter. Depreciation and amortization for the fourth quarter was $19.2 million, up from $18.5 million in the prior-year quarter. Capital expenditures during the fourth quarter totaled $47.2 million, down from $73.2 million in the prior-year quarter due to lower spending on subsea capacity additions and light well intervention assets.
The company recorded an effective tax rate of 26.8 percent for the quarter.
Summary and Outlook
FMC Technologies reported diluted earnings per share from continuing operations of $0.74, up 16 percent from the prior-year quarter. Energy Production Systems' and Energy Processing Systems' operating profits were up 39 percent and 4 percent, respectively, over the fourth quarter of 2007.
FMC Technologies reported diluted earnings per share from continuing operations of $2.72 for the full year 2008, up 39 percent from the prior year. Subsea systems' revenue grew 32 percent in 2008 to $3.0 billion. The company provided an estimate for 2009 diluted earnings per share from continuing operations in a range of $2.40 to $2
nature boy
16 years ago
FMC to Supply Subsea Tech for Petrobras' Roncador Module III Project
by South America Contract Awards News
February 10, 2009
FMC Technologies has received an award from Petrobras to engineer and manufacture four subsea manifolds and controls for its Roncador Module III project. This project will also incorporate FMC's All-Electric technology in Brazilian waters. The contract is valued at approximately $75 million in revenue for FMC.
FMC's scope of supply consists of two, six-slot subsea manifolds to distribute gas lift injection to 12 wells. These manifolds will also contain 12 subsea control modules that will provide electro-hydraulic functions to operate the manifolds and subsea trees. The company will also supply two additional manifolds for water injection that will utilize FMC's proprietary All-Electric actuators for the operation of the chokes. The equipment will be engineered and manufactured at FMC Technologies' facility in Rio de Janeiro with deliveries expected to commence in 2010.
"We are pleased that a leading operator, Petrobras, recognizes the value of our All-Electric technology and our subsea systems," said John Gremp, Executive Vice President of FMC Technologies. "We have manufactured systems for Petrobras' Roncador field since 1999, and to date we have supplied all three existing subsea manifolds as well as related controls and equipment."
FMC Technologies' products have been present in the Brazilian oil industry since 1961, and the company's operations in Brazil have supplied subsea solutions to the region since 1978. With two facilities in Rio de Janeiro and one service base in Macae, FMC's capabilities in Brazil include local engineering, project management, manufacturing, integration testing, installation and customer support.
Roncador
The Roncador Field was discovered in 1996 at water depths ranging from 1,500 to 2,000 m (4,900 to 6,600 ft) in the Campos Basin. It is 125 km (80 miles) from the coast. The Roncador Field was a major breakthrough for many reasons, including the world's first drill pipe riser, subsea tree and early production riser (EPR) rated for 2,000 m (6,600 ft). The first well, RJS-436, produced to the FPSO Seillean from 1999 to 2001 using the EPR at a world water-depth record of 1,853 m (6,077 ft) with the GLL TLD 2000 subsea tree.
The first phase of this full-scale project was put on stream in May 2000 when the semi and FSO P-47 began operation. An accident caused P-36 to sink in March 2001, when six (6) wells were in production. After the accident, Petrobras chartered a production unit called FPSO Brasil to temporarily substitute the P-36 platform. For a period of 5-1/2 years, eight (8) production and three (3) injection wells will be connected to the chartered FPSO.
In 2006, the second phase of Module IA involved operating twenty (20) production wells and ten (10) injection wells, including those that had been connected to FPSO Brasil. These wells were tied to P-52, a brand new semisubmersible with capacity to produce 180,000 bopd. This unit will be one of the largest in the world, with a total displacement of 80,000 metric tons. The feasibility studies for the other three (3) modules of Roncador are currently under way
peewee
16 years ago
FMC Technologies Will Acquire 45% of Schilling Robotics for $116 Million
HOUSTON & DAVIS, Calif.--(BUSINESS WIRE)--FMC Technologies, Inc. (NYSE:FTI) and Schilling Robotics announced today that they have entered into a definitive agreement whereby FMC Technologies will acquire a 45% interest in Schilling Robotics LLC for $116 million in a transaction expected to close no later than December 31, 2008. The acquisition is expected to be accretive to FMC Technologies’ earnings per share in 2009.
The acquisition partners two companies whose innovative technologies enable subsea energy production worldwide. FMC Technologies is the leading manufacturer and supplier of subsea production systems. Schilling Robotics is a leading producer of ROVs (remotely operated vehicles), ROV manipulator systems, control systems, and other high-technology equipment and services for oil and gas subsea exploration and production.
FMC Technologies Chairman, President and CEO Peter D. Kinnear said, “This is a unique and exciting opportunity to expand our subsea business in a new direction. Our global subsea franchise will assist Schilling Robotics in extending its reach worldwide and better position it to serve its customers. Additionally, the relationship will allow FMC to participate more fully in the increasing integration of remote activities performed on the seabed such as subsea processing, well intervention and production optimization.”
Schilling Robotics Chairman Tyler Schilling commented on the strategic implications for Schilling, “Our partnership with FMC is a logical outcome of the growth trajectory we have been on for many years. FMC understands and endorses our strategy to introduce innovative digital technologies in response to the growing communications and control challenges facing our customers in the subsea environment. In the last few years we have undertaken numerous initiatives that expand our participation in this major market.”
In addition to its expected purchase of 45% of Schilling by year end, FMC Technologies is acquiring the rights to exercise an option over the two-year period beginning in 2012 to acquire the remaining 55% of the company.
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies has approximately 10,000 employees and operates 23 manufacturing facilities in 19 countries. For more information visit www.fmctechnologies.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2007 and may be modified in subsequent quarterly reports filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
Schilling Robotics, a global, deep-ocean robotics company, was founded in 1985. Its customers include offshore oilfield equipment and service providers such as Acergy UK Ltd, Bourbon Subsea Services, Expro North Sea Ltd, and Oceaneering International. Schilling is headquartered in Davis, California and has regional offices in Houston, Texas and Aberdeen Scotland, with a total staff of more than 300. Further information about Schilling Robotics can be found at www.schilling.com. The Schilling Business Diary includes information about Schilling, the ROV industry, and emerging technology in offshore exploration.
www.globalprovince.com/schillingroboticsindex.htm
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