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TechnipFMC has agreed to sell the company’s Measurement Solutions business to One Equity Partners for $205 million in cash, according to a Nov. 20 press release.
TechnipFMC, an oil field services provider with operational headquarters in Houston, made the move as part of an overall strategy to focus on its “core products and market-leading technologies,” said Doug Pferdehirt, chair and CEO of TechnipFMC.
The Measurement Solutions business consists of terminal management and metering products and systems, with company locations in North America and Europe. TechnipFMC announced that it expected the deal to close during the first half of 2024.
2024-01-10 - TotalEnergies is acquiring an additional 10.5% participating interest in Block 2913B and an additional 9.39% participating interest in Block 2912.
2023-12-08 - California major Chevron Corp. is setting aside $6.5 billion to develop its U.S. shale portfolio next year, with the bulk of the spend allocated in the Permian Basin.
2024-02-02 - NOV’s CEO Clay Williams is bullish on the company’s digital future, highlighting value-driven adoption of tech by customers.
2024-01-24 - Todd Holdco will acquire 37,333,333 common shares in Northcliff at CA$0.01875 (US$ 0.014) per common share.
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.