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OFS - Technip Energies’ split from TechnipFMC expected in Q2 - February 2020

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TechnipFMC reaffirmed its planned transaction to separate into two companies, with completion still on track for Q2. The spinoff of TechnipFMC’s onshore/offshore segment will be named Technip Energies. With 15,000 employees, Technip Energies will be one of the largest engineering and construction pure-plays and positioned to capture LNG opportunities. The new company will have a downstream backlog, as well as future growth opportunities in biofuels, green chemistry and other energy alternatives. Technip Energies will......
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