Another oilfield giant to emerge

WITH Halliburton's proposed merger with Baker Hughes dead in the water, underwater specialist FMC Technologies has risen up with engineering house Technip to form a new entity – TechnipFMC – to become the world's second-largest oil field services firm worth some $US13 billion ($A17.99 billion).

Another oilfield giant to emerge Another oilfield giant to emerge Another oilfield giant to emerge Another oilfield giant to emerge Another oilfield giant to emerge

Goldman Sachs, which is advising Technip on the deal that is expected to close early next year, believes the merger between Europe's biggest oil services company with FMC, the world's largest subsea

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