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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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Transportation and logistics group Transoil [Moody's Ba3, forecast – "stable"] is a leading Russian private group of companies under one name handling transportation and four service companies maintaining the technical operation of locomotives and rolling stock. The group's strategy is aimed at growing its fleet and diversifying its crgo and range as well as developing supporting infrastructure.

Emerson has released a short video that describes how the Rosemount 2160 Wireless Level Switch is perfectly suited to control duties - for example as an emergency shutdown switch in critical overfill applications.

Learn more about ION Geophysical's unique approach to solving clients' most complex problems.

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