TechnipFMC plc ("TechnipFMC") was a global provider of oil and gas technology and services. TechnipFMC was the product of a 2017 merger between Technip S.A. ("Technip") and FMC Technologies, Inc. ("FMC").
Prior to the merger, Technip was a global oil and gas technology and services company that was headquartered in France. Between at least August 2001 and November 2007, Technip's shares were registered with the SEC and traded on the New York Stock Exchange. FMC was an oil field services and equipment company based in Texas. FMC's stock was registered with the SEC and traded on the New York Stock Exchange.
As disclosed in its October 27, 2016 10-Q filing, on March 28, 2016, FMC received an inquiry from the DOJ related to the DOJ’s investigation of whether certain services Unaoil S.A.M. provided to its clients, including FMC, violated the FCPA.
FMC merged with Technip S.A. on January 16, 2017, becoming TechnipFMC plc. There appears to have been no regular SEC filings between the 10-Q filed on October 27, 2016 by FMC and the 10-Q filed by the new, merged company on May 4, 2017. In that May 4 10-Q, TechnipFMC dislosed that the SEC was also conducting an inquiry into FMC's connection with Unaoil.
TechnipFMC has said it cooperated with the DOJ and SEC’s inquiries and that it conducted its own internal investigation.
In an 8-K filed on February 20, 2019, TechnipFMC disclosed that it had accrued $280 million in anticipation of a global resolution of the investigations into the company's historical projects in Brazil, Equatorial Guinea, Ghana, and those associated with Unaoil.
In an 8-K filed on June 25, 2019, TechnipFMC announced that it had reached a settlement with the DOJ and Brazilian authorities to resolve the corruption investigations begun at pre-merger FMC and Technip. According to the filing, the company agreed to pay $301.3 million to the various authorities as part of the settlement. Additionally, TechnipFMC stated that it had reached an agreement in principle with the SEC, subject to final agency approval.
On September 23, 2019, the SEC filed an enforcement action against TechnipFMC.
