TechnipFMC targets composite pipe tech with Magma Global buy

TechnipFMC has completed the acquisition of outstanding shares of Magma Global with an aim to accelerate the development of composite pipe technologies for conventional energy and CO2 applications. TechnipFMC originally acquired an interest in Magma in 2018, combining its experience in flexible pipe technology with Magma’s composite capabilities to develop a disruptive composite pipe solution... Continue Reading →

TechnipFMC pipelay support vessel secures long-term charter offshore Brazil

Petrobras has awarded TechnipFMC a three-year contract for the pipelay support vessel Coral do Atlântico. Operations offshore Brazil are expected to begin in 2Q 2022. The Brazilian-registered vessel will mainly be deployed in ultra-deepwater of up to 3,000 m (9,842 ft). Jonathan Landes, president, Subsea at TechnipFMC, said: “Coral do Atlântico is the third of our pipelay support vessels to be contracted... Continue Reading →

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