Technip beats estimates, plans growth in North Sea investments
Technip raised its full-year objectives for the year for its subsea division as the firm reported both revenue and profit for the third quarter.
Technip raised its full-year objectives for the year for its subsea division as the firm reported both revenue and profit for the third quarter.
Profits at FMC Technologies, which is set to merge with Technip, dropped 65% in the third quarter due to “lower activity across all reporting segments”.
Technip was awarded by Public Joint Stock Company (PJSC) Kazanorgsintez(1) a contract to provide engineering and procurement of three proprietary SMK™ grassroots furnaces at Kazan, Republic of Tatarstan, Russia. The furnaces will be part of the ethylene plant at the site.
Technip said it has been awarded a subsea contract by Petronas for the Samrang Redevelopment Project in Malaysia.
Technip has been awarded an EPC contract for the subsea development of the Dvalin project from DEA Norway.
Aberdeenshire firm Ace Winches has completed a job for Technip ahead of a project commencing on Quad 204 west of Shetland.
Technip has revealed up to 130 jobs are at risk from its North Sea operations as it continues to adapt to the challenging subsea market.
French oil services giant Technip has held a meeting with its Aberdeen staff over a third round of job losses from the company.
French oil services giant Technip’s UK business has warned 2017 will be “the most difficult year” despite expecting North Sea projects to come back on the market.
Offshore Heavy Transport (OHT) has netted a contract for the provision of transportation services on Statoil's Hywind project.
Technip has landed a deal with BTG Bioliquids for its modular pyrolysis plants.
Technip and DOF said today their 50/50 joint venture in Brazil has chartered out a pipe-lay support vessel to Petrobras.
Technip said its plans to cut spending due to the fall in oil price were ahead of schedule as it reported better-than-expected second quarter earnings.
Technip said it has won a contract with Repsol Sinopec Resources UK for wrk on its North Sea subsea infrastructure.
Technip has landed a natural gas deal in Louisiana, USA.
GC Rieber Shipping ASA has secured a charter time deal with Technip Angola for its SURF vessel, Polar Onyx.
French oil services company Technip said there was no reason for Britain's exit from the European Union to impact its merger with FMC Technologies - including plans for London to be the legal headquarters of the new group.
Technip and FMC Technologies have executed a Business Combination Agreement (BCA) regarding their proposed merger announced on May 19, 2016 with the firms hailing it as a major milestone in their merger process.
GE Oil & Gas and Technip have signed a Memorandum of Understanding for a joint project to explore areas to co-develop digital solutions for the LNG industry.
Solstad Offshore has signed a frame agreement with Technip Norge and Technip UK for the supply of vessels for trenching, construction and subsea services.
Technip has been awarded a major natural gas field development in the Mediterranean that could be worth as much as €1 billion.
Technip has landed an engineering deal in Saudi Arabia with CTCI.
Technip has won an umbilical contract for Statoil's Oseberg Vestflanken 2 field offshore Norway.
Analysts are confident Technip and FMC Technologies will do what larger oil service and equipment providers Halliburton and Baker Hughes ouldn’t - close a merger during the market downturn.
Technip and FMC Technologies today revealed the two firms would merge to create TechnipFMC - a new company with an equity value of $13billion.