Technip, FMC Merging to Become the Second Largest Oilfield Service Company

Rystad Energy's latest analysis shows that the recently announced combination of Technip and FMC will create the second largest company in the oilfield service industry, after the merger between Halliburton and Baker Hughes failed. Technip and FMC published today that the two companies will merge after a successful alliance through Forsys. This is the second time an alliance has led to M&A after Schlumberger acquired Cameron. The merged company, TechnipFMC, will have an expected revenue of approximately USD 17 billion in 2016.

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