FMC buys stake in Roxar Nov 21, 2008
Roxar already supplies FMC Technologies (NYSE: FTI) with subsea components, the company said. Reader Comments. (Houston Business Journal, TX)
BEYOND THE SCREEN: Susie Essman can play demographics from 'G' to 'R' Nov 21, 2008
FMC Technologies INC. Immediate Openings. (Chicago Tribune)
FMC Technologies names Kinnear chairman Oct 7, 2008
He succeeds Joseph Netherland who will continue with FMC Technologies (NYSE: FTI) as a nonindependent member of the board. Netherland served as chairman since March 2007. (Houston Business Journal, TX)
Top of the Mid-Caps Sep 24, 2008
The investment in the Baltimore-based asset manager reflects a significant rebalancing out of the fund's profitable energy exposure which had peaked at 15% early this year, and included FMC Technologies (), Noble (), and Smith International () into financials. Since the spring, Sloan also has added People's United Financial () (see "The People's Choice," Barron's, Aug. 25), Moody's Investor Service () and Progressive () as part of boosting his weighting in financials from 5% to 15. (SmartMoney)
Firms Line Up to Get in on Brazil Oil 'Gold Rush' Sep 19, 2008
Houston-based FMC Technologies is having to boost the water-pressure resistance and anti-corrosion properties of its deep-sea equipment that provides the link between the seabed and the platforms. It sees the demand resulting from subsalt to double its production of "Christmas trees" -- well-heads that sit on the ocean floor -- to up to 150 a year from 70-80 now. (Planet Ark, United States)
American International Industries, Inc. Announces Definitive Asset Purchase Agreement With Shumate Industries, Inc. to Acquire Shumate Machine Works, An Energy Related Company Sep 3, 2008
The purchase will be accounted for as an asset purchase, and the assets of SMW will be owned by a wholly-owned AMIN subsidiary named Shumate Energy Technologies, Inc. SMW manufactures highly specialized equipment for energy industry customers including Baker Hughes, Halliburton Energy Services, Smith International, National Oil Well Varco, BJ Services Company, Canrig Drilling Technology, a Nabors Industries company, Enventure Global Technologies, FMC Technologies, Oceaneering Intervention... (Primezone Releases)
JBT Corporation Announces Second Quarter 2008 Results Aug 12, 2008
22 one year ago - Spin-off from FMC Technologies, Inc. completed on July 31 - Company anticipates Full-Year 2008 Adjusted Diluted Earnings Per Share from Continuing Operations of $1 ... 40 CHICAGO, Aug. 11 /PRNewswire-FirstCall/ -- JBT Corporation (NYSE: ), a leading global technology solutions provider to the food processing and air transportation industries, today reported second quarter 2008 results following the July 31, 2008 spin-off from FMC Technologies, Inc. (NYSE: FTI) ... 5 million... (PR Newswire)
Standard & Poor's Announces Changes to U.S. Indices Jul 25, 2008
John Bean Technologies is being spun off by Sap 400 constituent FMC Technologies Inc. (NYSE: ) in a transaction expected to close on that date. As of today's close of trading Planar Systems had a market capitalization of approximately $50 million, whereas the minimum market cap a company must maintain in order to be eligible for addition to the index is $300 million. (PR Newswire)
Energy Buys From Wall Street's Best Jul 16, 2008
FMC Technologies (nyse: - - ) has gained more than 60%, National Oilwell Varco (nyse: - - ) is up almost 40%, Cameron International (otcbb: - - ) has jumped more than 30% and Precision Drilling Trust (nyse: - - ) has gained more than 20 ... FMC Technologies: Based in Houston, FMC designs, manufactures and services a variety of systems used by oil and gas companies, including sub-sea production and processing systems, surface wellhead systems, high pressure fluid control systems and marine... (Forbes -- Markets)
Dominion Electronics Rabbit technology for FMC Technologies ... Jul 7, 2008
Dominion Electronics Rabbit technology for FMC Technologies' meter simulator ... Dominion Electronics Rabbit technology for FMC Technologies' meter simulator ... FMC Technologies (USA) has developed a portable-meter-simulator which allows customers to easily test and Rabbit demonstrate the functionality of load controllers and flow computers. (Ferret)
Forbes Beltway Index: Insider Activity Jul 2, 2008
In that category this week are Entergy (nyse: - - ) and FMC Technologies (nyse: - - ). The latter stock now carries a price-to-earnings ratio of 2. (Forbes -- Business)
American International Industries, Inc. Announces Letter of Intent to Purchase Shumate Machine Works, An Energy Related Company Jun 26, 2008
Shumate Machine Works manufactures highly specialized equipment for energy industry customers including Baker Hughes, Halliburton Energy Services, Smith International, National Oil Well Varco, BJ Services Company, Canrig Drilling Technology, a Nabors Industries company, Enventure Global Technologies, FMC Technologies, Oceaneering Intervention Engineering, Shell Development, Weatherford International and other energy related companies. SMW produces complex assemblies, including expandable tubing... (Primezone Releases)
Forbes Beltway Index: Who's Cheap? Jun 11, 2008
In that group this week: Charles River Laboratories (nyse: - - ) and FMC Technologies (nyse: - - ). The latter company has a big customer in the U.S. Air Force, to which it sells cargo loading systems and trailer-mounted, diesel-powered air conditioners. (Forbes -- Business)
FMC Technologies -- Heading for A Dive? May 26, 2008
FMC Technologies -- Heading for A Dive ... FMC Technologies -- Heading for A Dive. (Barron's)
Quaker Chemical to spend $20M on plant expansion May 21, 2008
FMC Technologies Inc. is the lead contractor for the project, which is expected to be completed late next year. Quaker Chemical, based in Conshohocken, Pa. (Philadelphia Business Journal, PA)
In good taste May 17, 2008
Others helping pick up the lab's tab include the Avocado Inspection Committee, California Table Grape Commission, FMC Technologies, Sunkist Growers and growers of California peaches, plums and nectarines. Reuben Hofshi, an avocado packer in San Diego County and a board member of the Avocado Inspection Committee, said he was pleased with work at the previous lab that helped determine the earliest level of maturity that a new avocado variety, Lamb Hass, could be picked and still please shoppers. (Fresno Bee)
Making an Oil Discovery May 16, 2008
The stock trades at about 19 times 2008 estimated earnings, versus a 25 multiple enjoyed by arch-rival FMC Technologies (). FMC's shares are up 30% so far this year. (SmartMoney)
HFD Cadet Accused Of Making Noose Mar 22, 2008
Four people were accused of hanging nooses in two separate incidents at FMC Technologies on Gears Road in late 2007. Another noose was found tied to a piping system at Chevron Phillips Chemical's Pasadena Plastics Complex in December. (Click2Houston, TX)
FMC wins Malaysian subsea project Feb 1, 2008
FMC Technologies (NYSE: FTI) expects to begin the project later this year with the delivery of 15 subsea trees and other equipment. The company also said this contract will be the first to be serviced through its facilities in Kuala Lumpur and Nusajaya, Malaysia. (Houston Business Journal, TX)
Chicago Startup Touts Alternative Billing Structure, Lower Fees Jan 12, 2008
Clients coming to the firm with the lawyers including JMB Realty Corp., a Chicago real estate developer; the engineering products manufacturer Idex Corp. and energy equipment manufacturer FMC Technologies, Totten said. Valorem expects to bring on board another attorney from a major firm in the next couple months, Totten said. (Law.com)
Starting '08 With an Offshore Splash Jan 4, 2008
8 billion engineering, procurement, and construction contract, while FMC Technologies (NYSE: FTI) has landed a nearly $1 billion supply contract. Pazflor, in which StatoilHydro (NYSE: STO), ExxonMobil (NYSE: XOM), and BP (NYSE: BP) hold minority interests, will be the third development project in this particularly prolific offshore block. (MSNBC -- Business)
Rise in oil prices a boon to drilling-equipment companies Dec 18, 2007
"National oil companies are becoming more powerful and more protective of their natural resources, so we've seen the international oil companies in a big way spend money in the deep water," said Peter Kinnear, chief executive at FMC Technologies, an equipment maker based in Houston. National Oilwell Varco, also of Houston, had locked in $8 billion of orders as of Sept. 30, quadruple its annual sales only four years ago. (International Herald Tribune -- Business Asia)
Hanging noose discovered at chemical plant Dec 13, 2007
Four contract employees were fired from FMC Technologies after two nooses were found on their north Harris County property and two Pearland High School students were disciplined after a noose was found in the school's parking lot. A noose was also found at an ExxonMobil refinery in Baytown. (Pasadena Citizen, TX)
Congressman Introduces Anti-Noose Bill Dec 5, 2007
Four contract workers were banned from FMC Technologies after they allegedly hung nooses at the north Harris County business. Nooses were also found at the Exxon-Mobil facility in Baytown. (Click2Houston, TX)
Nooses hung at Baytown refinery Nov 14, 2007
Just last month, four contract workers were fired from their jobs at FMC Technologies in Houston after two different incidents of nooses being hung on the job. The Equal Employment Opportunity Commission recently settled cases with companies in Alabama and Pennsylvania to the tune of a million dollars for nooses found at plants there. (KHOU.com, TX)
FBI To Investigate Nooses Found At Houston Company Nov 1, 2007
The unidentified workers -- three men and one woman -- have been accused of hanging nooses in two separate incidents at FMC Technologies' facility on Gears Road near T.C. Jester Boulevard ... "At FMC Technologies we have zero tolerance for harassment or discrimination of any sort. We are all diminished when someone engages in immoral acts such as these." ... FMC Technologies employs about 12,000 workers and operates 33 facilities in 19 countries. (Click2Houston, TX)
Energy, software companies release earnings Oct 30, 2007
FMC Technologies Inc. (NYSE: FTI) reported net income of $78. 7 million, or 60 cents per share, on revenue of $1. (Houston Business Journal, TX)
Matt Krantz on stocks Oct 16, 2007
And the third-biggest winner was FMC Technologies , which, also makes equipment for oil exploration. See a theme here. (USA Today -- Money)
FMC Technologies lands offshore project Oct 11, 2007
For the project, FMC Technologies (NYSE: FTI) will deliver four horizontal subsea trees, three manifolds, control systems and two subsea horizontal electric submersible pumping systems in the fourth quarter of 2008. Related Industry News. (Houston Business Journal, TX)
DFW International Airport Celebrates Exemplary Performances at 3rd Annual Excellence in Diversity Awards Sep 6, 2007
"With this recognition, we are proud to express our deep gratitude and admiration for the hard work and unwavering commitment of these organizations." FMC Technologies was the recipient of the "CEO Award" for its work at DFW as a prime contractor that exemplifies an outstanding commitment to the M/WBE program ... "We are proud that DFW has recognized FMC Technologies for this prestigious award," said Barbara Hermann, General Manager of Airport Services for FMC Technologies ... Below is the full... (PR Newswire)
FMC Technologies wins offshore contract Aug 22, 2007
FMC Technologies (NYSE: FTI) said the contract contains options for two, one-year extensions. The company will build the system at its facilities in Kongsberg, Norway. (Houston Business Journal, TX)
FMC Technologies awarded work in Australia Aug 17, 2007
Houston energy technology company FMC Technologies (NYSE: FTI) said its system would be used by Woodside, an Australian company, for its Pluto Project ... FMC Technologies will supply five subsea trees, related control and tie-in systems and two production manifolds. (Houston Business Journal, TX)
FMC Technologies to Present At Pareto Securities' 14th Annual Oil and Offshore Conference Aug 17, 2007
Source: FMC Technologies Inc. ... HOUSTON, Aug. 17, 2007 (PRIME NEWSWIRE) -- FMC Technologies, Inc. (NYSE: - ) announced today that Tore Halvorsen, Senior Vice President, Global Subsea Production Systems, will address attendees at the following event ... FMC Technologies, Inc. (NYSE: - ) is a leading global provider of technology solutions for the energy industry and other industrial markets. (Primezone Releases)
Mutual Funds &Personal Finance Aug 3, 2007
IBD: FMC Technologies, () which makes high-pressure valves and fittings, is basically an oil and gas play. D'Alonzo: You hit it right on the head. (Investors Business Daily)
FMC Technologies to Supply Subsea Systems for Murphy's Azurite Project, Offshore, Republic of the Congo Aug 1, 2007
HOUSTON, August 1 /CNW/ - FMC Technologies, Inc. (NYSE:FTI) announced today that it has been chosen to supply subsea systems for Murphy Oil Corporation's (NYSE:MUR) Azurite project, located offshore, Republic of the Congo. The contract has a value of approximately $80 million in revenue to FMC Technologies ... FMC Technologies' scope of supply for the project includes 10 vertical subsea trees, related slimbore wellheads, controls systems and one ten-slot manifold. (Canada Newswire)
FMC Technologies Announces Two-for-One Stock Split Jul 18, 2007
HOUSTON, July 18 /CNW/ - FMC Technologies, Inc. (NYSE:FTI) announced today that its Board of Directors has approved a two-for-one stock split of the Company's common stock in the form of a stock dividend, payable on August 31, 2007 to shareholders of record as of August 17, 2007. The split will increase FMC Technologies' total shares outstanding as of June 30, 2007 from approximately 65 million shares to 130 million shares ... FMC Technologies common stock will begin trading on a split adjusted... (Canada Newswire)
FMC Technologies Announces Schedule for 2nd Quarter Earnings Release and Teleconference Jul 16, 2007
HOUSTON, July 16 /CNW/ - FMC Technologies, Inc. (NYSE:FTI) today announced the following schedule and contact information for its second quarter 2007 earnings release and teleconference: -- Second Quarter 2007 Earnings Release: Monday, July 30, 2007, following close of business, by Business Wire distribution and FMC Technologies' web site at ... Listen-only mode via telephone and Internet broadcast on the FMC Technologies web site at ... Information for accessing the web replay is in the... (Canada Newswire)
Are Big Firms Warming Up to Alternative Fee Deals? Jul 11, 2007
Jeffrey Carr, general counsel at FMC Technologies, said a friend told him alternative fees are like teenage sex. "There are more people talking about it than doing it," Carr explained, "and those that are doing it don't know what they're doing.". (Law.com)
Chinese delegation explores economic opportunities in Polk County Jun 20, 2007
The group of 22 representatives from Chongming County near Shanghai were in Lakeland on Tuesday touring the Butterkrust Bakery, FMC Technologies, Inc., a worldwide seller of juice processing equipment, and other citrus-related companies. "We're looking at food and agriculture, but some other opportunities may arise," Li Zhihong, the vice governor for Chongming County, said through an interpreter. (Orlando Sentinel)
FMC Technologies to Provide Baggage Handling System Operation and Maintenance for Miami International Airport Jun 13, 2007
HOUSTON, June 13 /CNW/ - FMC Technologies (NYSE:FTI) announced today that its Airport Systems Division has received a notice to proceed from the Miami-Dade Board of County Commissioners to provide maintenance and repairs on automated baggage handling systems at Miami International Airport (MIA) ... This is the first maintenance contract for FMC Technologies at MIA. MIA is a major gateway to Latin America and the Caribbean, the largest US airport in terms of international loaded and unloaded... (Canada Newswire)
NewStep Networks to Present at VON Europe Spring 2007 Conference and Expo Jun 11, 2007
The future of VCC, IMS and FMC technologies. The telecommunications industry is moving very quickly and it s important that any advanced solution deployed today remains viable as technology continues to evolve in a pre-IMS and IMS environment, said Richards. (BusinessWire)
Resin Systems Announces First Quarter 2007 Results May 4, 2007
RStandard(TM) utility poles entered the market penetration stage of RS's business plan with an exclusive distribution agreement with HD Supply Utilities, Ltd. Progress on the VRoll(TM) composite roller tubes also continued with RS and FMC Technologies, Inc. working towards jointly introducing to market in the second quarter FMC Technologies's line of Link-Belt(R) Composite Conveyor Idler Rollers made with VRoll composite roller tubes. Over the next quarter, RS expects to manufacture product... (PR Newswire)
Online Buying Moves Quickly Up The Line Apr 25, 2007
The company has a number of partnerships with companies such as FMC Technologies, () Kinder Morgan, () Japan-based Modec and Malaysia-based Scomi Group. In Southeast Asia, many of the large offshore gas fields contain a high amount of carbon dioxide. (Investors Business Daily)
FMC Technologies could sell FoodTech, airport business Mar 29, 2007
FMC Technologies, the listed US conglomerate, could dispose of its FoodTech and airport business, said one industry executive and several market observers. An FMC Technologies spokesperson said the company would not speculate on its intentions for either unit, but he said they are a solid part of the business ... FMC Technologies airport systems unit makes ground support products such as passenger boarding bridges, and its FoodTech unit is the market leader in the food control and liquid... (FT.com -- Markets)
SHIPPING OUT TO NEW CAREERS: Military vets' can-do attitude a must-have for more hiring managers Feb 16, 2007
More employers recruit the military work ethic - USATODAY.com. Real solutions for your real estate needs. (USA Today -- Money)
FMC Technologies to Supply Subsea Systems for Woodside Energy's Vincent Project Jan 16, 2007
HOUSTON, January 16 /CNW/ - FMC Technologies (NYSE:FTI) announced today that it has signed a contract with Woodside Energy Ltd. to supply subsea systems for the Vincent project, offshore Western Australia ... The initial scope for FMC Technologies includes the supply of 11 enhanced vertical subsea trees (EVXT), related control and tie-in systems, and two production manifolds ... "We appreciate the opportunity to continue to provide advanced subsea solutions to Woodside Energy through our... (Canada Newswire)
GE in $1.9 bln deal for oilfield equipment maker Jan 9, 2007
9 bln deal for oilfield equipment maker. 9 bln deal for oilfield equipment maker. (ABC News -- Wire)
