Newsclip®: [Business] Technip, FMC to merge into $13bn oil services firm

"PARIS: Oil and gas services companies Technip of France and the American FMC Technologies said Thursday they have agreed to merge, creating one of the world's top companies in a sector which has been battered by low oil prices.`The companies will combine to create a global leader that will drive change by redefining the production and transformation of oil and gas,` they said.The new company, called TechnipFMC, will be worth $13 billion (11.6 billion euros) and generate sales of around $20 b",

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