Paris

Oil Services Firm TechnipFMC to Split Into Two Publicly Traded Companies

August 26, 2019

From Reuters Franco-American oil services firm TechnipFMC Plc (FTI.N) said on Monday it would spin off its engineering and construction operations into a separate company, leaving it as a technology-focused equipment supplier to oil and gas companies. TechnipFMC, which had a market capitalization of $10.31 billion, said the new Paris-based company will deal with onshore and offshore oil and gas

Total Plans $5 Billion of Asset Sales to Future-Proof Business

July 25, 2019

From Reuters French energy giant Total (TOTF.PA) will sell about $5 billion of assets, mostly from its exploration and production business as it sharpens its focus on low-breakeven projects that can weather weak oil prices, it said on Thursday. The announcement followed a 19% drop in second-quarter adjusted net profit to $2.9 billion, which it attributed to unfavorable market factors

New CEO, Chairman at Schlumberger

July 19, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Schlumberger appoints Olivier Le Peuch as CEO, Mark G. Papa as non-executive chairman of the board Schlumberger Limited (stock ticker: SLB), the largest public oilfield services company in the world by both market capitalization and enterprise value, has elected Olivier Le Peuch as its chief executive officer, effective August 1, 2019.

Oil Services Firm TechnipFMC to Split Into Two Publicly Traded Companies

Total Plans $5 Billion of Asset Sales to Future-Proof Business

New CEO, Chairman at Schlumberger

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