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Fmc Technologies

FMC Tech to Acquire 45% of Schilling Robotics

FMC Technologies, Inc. (NYSE: FTI) and Schilling Robotics announced that they have entered into a definitive agreement whereby FMC Technologies will acquire a 45% interest in Schilling Robotics LLC for $116m 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. FMC Technologies is a manufacturer and supplier of subsea production systems.  Schilling Robotics is a producer of ROVs (remotely operated vehicles), ROV manipulator systems, control systems, and other 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.”   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 Win BP Subsea Equipment Contract

FMC Technologies to manufacture and supply subsea equipment for BP's Thunder Horse Field in the Gulf of Mexico. The Thunder Horse oil field is located in the Mississippi Canyon area of the Gulf of Mexico, 150 miles (240 kilometers) southeast of New Orleans in approximately 6,300 feet (1,920 meters) of water. FMC Technologies' scope of supply includes two manifolds and associated controls equipment . In addition, the scope includes several pipeline end terminations

Tidewater Elects Netherland

Tidewater (NYSE: TDW) announced the election of Joseph H. Netherland to its Board of Directors for a term expiring in July 2009. Mr. Netherland served as Chairman of the Board of FMC Technologies from December 2001 until his retirement in October 2008. Mr. Netherland also served as Chief Executive Officer of FMC Technologies from 2001 to March 2007, when he retired as an executive officer of the company. Mr. Netherland was President of FMC Technologies from 2001 to February 2006.

FMC Technologies Awarded Statoil Contract

FMC Technologies announced it has signed an agreement with Statoil to provide subsea systems for the Vigdis Extension Phase 2 Project in the North Sea. The value of this contract is approximately $25 million. The contract includes subsea trees, a template structure with an integrated manifold, topside control systems, and related equipment. Deliveries are expected to begin in 2006. (Source: Houston Chronicle)

First 20k PSI Subsea Wellhead System

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). 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

FMC Wins $135m BG Norge Deal

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FMC Technologies, Inc. (NYSE: FTI) won a contract by BG Norge, a subsidiary of BG Group, for the manufacture and supply of subsea production equipment to support the Knarr oil and gas field. The contract has a value of approximately $135 million in revenue to FMC Technologies. The Knarr field, formerly known as Jordbaer, is located in Norwegian block 34/3 of the North Sea in water depths of approximately 1,320 feet (400 meters)

FMC Technologies Receives Order For CALM Buoys

FMC Technologies, Inc. announced that it has received an order from Ramseyer & Miller International Inc., an affiliate of Techint International Construction Corporation, for the supply of two SOFEC™ CALM (catenary anchor leg mooring) buoy marine export terminals, for installation offshore Ecuador, South America. FMC SOFEC Floating Systems is the designer of the buoys. One of the buoys is planned to be delivered new from inventory

FMC Technologies Announces Executive Changes

FMC Technologies, Inc. (NYSE:FTI) said that  Robert L. Potter has been appointed President of the company. Potter assumes this responsibility from John T. Gremp who remains Chairman and Chief Executive Officer (CEO). "Bob is an experienced and well-respected leader with a deep understanding of our markets and technologies," said Gremp. "He has been integral to our company's success and I look forward to working with him as President of our company to build on our

FMC Opts For Rina LNG TQ

RINA Logo_2012.jpg

FMC Technologies entrusted Rina Group’s company, RINA Services, with the Technology Qualification of its new technology loading arms designed for installation on the FSRU Toscana and also the Chiksan Articulated Tandem Offshore Loader (ATOL) marine loading arms.   Both feature innovative technologies to transfer LNG in a marine environment, and both are now qualified to enter service.   Dino Cervetto, Technical Services Sector Manager, Rina  Services, said

Upcoming Expo 'Offshore Marintec Russia'

Marintec logo

ExpoForum Convention and Exhibition Centre in St. Petersburg, October 7-10  will host the International Specialised Offshore Exhibition and Conference 'Offshore Marintec Russia' dedicated to the Arctic continental shelf infrastructure development informs official Russian news source Arctic-info. The trade show is organised under the authority of the Government of the Russian Federation. Offshore Marintec Russia serves as a new professional venue for demonstration of recent technical

Oakland Terminal Operators Propose Off-peak Hours

Photo: Port of Oakland

Marine container terminal operators at the Port of Oakland are developing a program to operate their terminal gates on Saturdays to reduce weekday congestion at the port. The new program, called OakPass, is expected to begin in the fourth quarter of this year, pending review by the U.S

UASC Exempted from Controlled Carrier Rules

Photo: UASC

The U.S. Federal Maritime Commission (FMC) voted unanimously to grant the Qatar-controlled United Arab Shipping Co. (UASC) exemption from its controlled carrier list which aims to stop price fixing among state-owned shipping companies.  

FMC Honors Crowley for Green Initiatives

Rendering of Crowleys LNG-powered combination container and roll-on/roll-off (ConRo) ships, the first in the world, designed for service between the U.S. and Puerto Rico. (Image: Crowley)

Crowley Maritime Corp. has been honored with the 2015 Federal Maritime Commission (FMC) Chairman’s Earth Day Award in recognition of the organization’s companywide environmental stewardship initiatives.   The announcement was made during a Professional Environmental Management

FMC Beats 1Q Profit Forecasts

Image: FMC Technologies

 The Houston-based subsea specialist FMC Technologies Inc. (FTI) reported first-quarter earnings of $147.6 million, beating Wall Street expectations.   The average estimate of 34 analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share on a per-share basis

Pacific Ports Agreement Clears FMC Review

Photo: Port of Los Angeles

The Pacific Ports Operational Improvements Agreement (FMC Agreement No. 201227) is set to become effective on April 17, 2015 after the Federal Maritime Commission (FMC) voted unanimously for its approval.   The commission said its review included evaluation of information received from the

OTC Names Technology Award Winners


The Offshore Technology Conference (OTC), which takes place May 4-7 in Houston, has announced 17 technologies that will receive the Spotlight on New Technology SM Award. The 2015 awards will be presented May 4, in the NRG Center Rotunda Lobby.  

FMC: US Port Congestion a Top Priority

Photo: Port of Long Beach

Federal Maritime Commission (FMC) Chairman Mario Cordero announced to staff January 13 that his priority for the Commission in 2015 is addressing congestion issues that are plaguing U.S. ports.    Starting in September 2014, FMC Commissioners led public forums concerning port

Maersk and MSC Ship-Sharing Pact Gets U.S. Clearance

 To pool 185 ships, save Maersk Line $350 mln/year Alliance would have 35 pct of Asia-Europe route Also 31 pct trans-Atlantic, 22 pct trans-Pacific routes Top container shipping companies A.P. Moller-Maersk and MSC Mediterranean Shipping Co cleared the last regulatory

Maersk, MSC Win U.S. OK to Launch Shipping Pact

Richard Lidinsky Jr, Federal Maritime Commission commissioner (Source: FMC)

Maersk Line and Mediterranean Shipping Co (MSC), the world's two largest container shippers, won approval from U.S. maritime regulators for a planned vessel sharing pact, bringing it a step closer after a bid for a larger alliance failed.

Maersk Sees US Approval of Shipping Alliance as Formality

Nils Andersen

U.S. regulatory approval of a proposed shipping alliance involving AP Moeller Maersk should be a formality, the Danish company's chief executive said on Wednesday. The alliance between Maersk and Swiss-based Mediterranean Shipping Co (MSC), the two largest container shippers in the world

FMC Public Forum on US Port Congestion

Mario Cordero (Photo: FMC)

Federal Maritime Commission (FMC) Chairman Mario Cordero will hold a forum titled, "U.S. Port Congestion: Examining Causes, Impact on Stakeholders, and Exploring Possible Solutions" on Monday, September 15, 2014, from 9:30 a.m. to 4 p.m

Public Forum to Address US Port Congestion

U.S. Federal Maritime Commissioner William P. Doyle

Examining Causes, Impact on Stakeholders and Exploring Possible Solutions Federal Maritime Commissioner William P. Doyle will host a forum regarding U.S. Mid-Atlantic and Northeast port congestion on October 1, 2014 at the World Trade Center in Baltimore's Inner Harbor

Statoil, DNV GL Drive Subsea Factory Interface Standardization

Installation of subsea template at the Åsgard field in the Norwegian Sea. (Photo: Øyvind Hagen)

Statoil has entered into an agreement with DNV GL to establish an industrial cooperation to introduce an international industry standard for subsea process technology. DNV GL will lead a joint industry project (JIP) with important subsea operators to find industrial standards which will make it

FMC Forum to Address US Port Congestion


U.S. Port Congestion: Examining Causes, Impact on Stakeholders and Exploring Possible Solutions Federal Maritime Commission (FMC) Chairman Mario Cordero will hold a forum titled, "U.S. Port Congestion: Examining Causes, Impact on Stakeholders and Exploring Possible Solutions" Monday

FTO Services Announces Completion of First Vessel

Island Performer naming: Photo credit FMC Technologies

FTO Services announced today that construction of its new deepwater well intervention services vessel has been completed. The naming ceremony for the new vessel, Island Performer, was held in Ulsteinvik, Norway on June 27. During the event, about 200 guests including executives from FTO Services

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