TechnipFMC, a global leader in subsea, onshore/offshore, and surface projects with a major presence in the Middle East region, is all set to rename its newly-created engineering and construction (E&C) unit, SpinCo, as Technip Energies.
Announcing the decision, the company said it was a new important step in the process of launching the leading E&C player, poised to capitalise on the global energy transition, as announced on August 26.
Besides SpinCo, TechnipFMC had also announced the creation of another diversified, pure-play market leader aimed at reshaping the industry: RemainCo – which will retain the TechnipFMC name – and will be a fully-integrated technology and services provider that will continue to drive energy development.
In an internal letter sent to all employees, Catherine MacGregor, the CEO-elect of Technip Energies, said: "Over the last few weeks, we have had the opportunity to meet many of you, as well as our clients and partners. We have been impressed by the high level of enthusiasm and support associated to this project."
"There is a strong attachment and recognition of the Technip name and, at the same time, the clear desire to move the company forward. Our new name, Technip Energies reflects that," she explained.
MacGregor pointed out that Technip paid tribute to the outstanding track record of successful onshore and offshore projects besides "our pioneering spirit, the passion of our teams, operational excellence and the quality of our technology portfolio."
"Energies highlights our ambition to play a key role in driving the global energy transition. It also reflects the individual contributions of all our employees which will allow us to write, together, this new page of our history," she stated.
Supported by a record backlog, a solid financial situation, a strong market positioning and by a skilled and talented workforce of 15,000 people, Technip Energies is perfectly well positioned to become a global leader in the energy industry, she added.-TradeArabia News Service