Technip Energies starts trading as spin-off completes

France-based Technip Energies has started trading as a single entity following the completion of TechnipFMC’s separation into two independent, publicly traded companies.

Technip Energies said Tuesday marked its first trading day on compartment A of Euronext’s regulated market in Paris (ticker: TE).

Moreover, the group describes itself as an engineering and tech “leader” in LNG, hydrogen and ethylene, having a “strong” position in key growth areas including sustainable chemistry and CO2 management.

“Technip Energies is a driving force to address the energy transition challenge which our industry and our world need to tackle,” CEO Arnaud Pieton, said.

“We believe the future of energy is shaping tomorrow, and we have a significant role to play, in line with our mission of designing and delivering added value energy solutions,” he said.

Pieton added he was “proud and excited” to open this new chapter together with the company’s 15,000 professionals, all over the world.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Canada approves Ksi Lisims LNG project

According to a statement on Monday, Julie Dabrusin, Minister of Environment and Climate Change, issued her decision under the...

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

More News Like This

Baker Hughes bags Commonwealth LNG contract

Kimmeridge's Commonwealth LNG has authorized an order for six Baker Hughes refrigerant turbo compressors required for the liquefaction process of its planned 9.5 million tonnes per annum (mtpa) LNG export project near Cameron, Louisiana.

Inpex awards FEED contracts for Abadi onshore LNG plant

Japan's Inpex has awarded contracts to two contractor consortia for the front-end engineering design (FEED) work for the onshore LNG plant as part of the Abadi LNG project in Indonesia. The contractors include JGC and Technip Energies, and KBR, Samsung E&A, and Adhi Karya (Persero).

Commonwealth LNG awards EPC deal to Technip Energies

France-based LNG engineer Technip Energies has been awarded a major engineering, procurement, and construction (EPC) contract by Kimmeridge's Commonwealth LNG for its planned 9.5 mtpa LNG facility located in Cameron Parish, Louisiana.

Inpex launches Abadi LNG FEED work

Japan's Inpex has launched the front-end engineering design (FEED) work for the Abadi LNG project in Indonesia. The contractors include Technip Energies, JGC, Saipem, Tripatra, McDermott, and Worley.