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

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

Shell ships first LNG Canada cargo

LNG giant Shell and its partners have shipped the first cargo produced at the LNG Canada facility in Kitimat, on the west coast of Canada.

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

Technip Energies bags Cyprus LNG gig

LNG engineering giant Technip Energies has secured a project management consultancy contract from ETYFA, a unit of state-owned DEFA, to assist in completing the LNG import terminal in Vasilikos, Cyprus.

Technip Energies secures North Field gig

LNG engineering giant Technip Energies has secured a contract from a unit of India’s Larsen & Toubro for QatarEnergy LNG's North Field production sustainability offshore compression project.

CB&I bags contract to build Ruwais LNG tanks

CB&I said on Thursday it had been awarded a "substantial" lump sum contract by the TJN Ruwais JV, which...

Technip Energies working on ‘quite a few’ LNG prospects, CEO says

Technip Energies reported a 13 percent year-on-year growth in its revenue to 4.97 billion euros ($5.38 billion) for the...