Technip S.A. was a company that carried out project management, engineering and construction for the energy industry; in 2017 it completed a merger with FMC Technologies to form TechnipFMC.

During this period, Coflexip – a firm specialized in the design, manufacture, and supply of flexible subsea flowlines – was created by the IFP (French Petroleum Institute) and opened a flexible flowline manufacturing plant in Le Trait, France, as well as offices in Houston, Aberdeen and Rio de Janeiro.

Many major contracts are signed, notably in the Middle East in the liquefied natural gas (LNG), ethylene, and refining sectors.

In 2017, FMC Technologies Inc. and Technip agreed to merge, forming a significant new player in an energy industry racked by a nearly two-year slump in crude prices.

[4][5] TechnipFMC has three headquarters in Houston, Paris, and London under new Houston-based CEO Doug Pferdehirt, who worked as FMC’s chief operating officer.

In June 2010 Technip S.A. agreed to pay a $338 million criminal penalty to resolve charges related to the Foreign Corrupt Practices Act (FCPA) for its participation in a decade-long scheme to bribe Nigerian government officials to obtain engineering, procurement, and construction (EPC) contracts.

[6] In 2011, the US Securities & Exchange Commission (SEC) filed a lawsuit in the federal Southern District of New York alleging insider trading.

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