In May 2016, U.S.-based oilfield services company FMC Technologies announced they would merge with their much larger quasi-competitor, France-based Technip, in an all-stock deal to create a new company called TechnipFMC (see FMC Technologies & Technip to Merge, Create $13B Oilfield Giant). FMC had some operations in the Marcellus/Utica, hence the merger had implications for our region. That merger finally happened in May 2017 (see Fat Lady Sings – Technip & FMC Now TechnipFMC). And now, a little over two years after the merger–the combined company has just announced they’ll split again!
In May 2016, U.S.-based oilfield services company FMC Technologies announced they would merge with their much larger quasi-competitor, France-based Technip, in an all-stock deal to create a new company called TechnipFMC (see 