Welcome to our dedicated page for TECHNIP ENERGIES news (Ticker: THNPY), a resource for investors and traders seeking the latest updates and insights on TECHNIP ENERGIES stock.
Technip Energies, represented in the U.S. by THNPY American depositary receipts, reports developments across engineering and technology work for the energy transition. Recurring updates include LNG project awards, Process Design Package and FEED work, hydrogen and ethylene technologies, blue and green hydrogen initiatives, sustainable chemistry, and CO2 management projects.
Company news also covers technology partnerships such as autothermal reforming and partial oxidation licensing for blue hydrogen, carbon capture collaborations using Shell CANSOLV technology, and Reju, its textile-to-textile regeneration business focused on polyester waste circularity. Governance and issuer updates include annual report publication, annual general meeting materials, financial-results scheduling, Euronext Paris listing references, and the Level 1 sponsored ADR program traded over the counter in the United States.
Technip Energies has announced its ongoing share buyback program, reporting the purchase of 170,000 shares from June 27 to July 1, 2022. The shares were acquired at a weighted average price of €12.175720 through an investment services provider with a discretionary mandate. The buyback aims to enhance shareholder value and reflects the company's commitment to returning capital to its investors. The total transactions indicate a strategic move to bolster the stock price and investor confidence.
Technip Energies has secured a significant Engineering, Procurement, and Construction (EPC) contract from Hafslund Oslo Celsio for a groundbreaking carbon capture and storage (CCS) project at a waste-to-energy plant in Oslo, Norway. This project, the first of its kind globally, aims to capture 400,000 tons of CO2 annually, equivalent to emissions from 200,000 cars, thereby reducing Oslo's emissions by 17%. The contract is valued between €250 million and €500 million.
Technip Energies has conducted a share buyback from June 20 to June 24, 2022, purchasing a total of 175,000 shares at an average price of €12.18. The buyback program aims to enhance shareholder value through strategic repurchases executed by an independent investment service provider. The initiative demonstrates the company’s commitment to returning value to shareholders while maintaining a strong financial position.
Technip Energies will release its first half 2022 financial results on July 28, 2022, at 07:30 CET. A conference call is scheduled for the same day at 13:00 CET, with participation details provided. Technip Energies is a leader in energy transition technologies including LNG and hydrogen, and operates in 34 countries with a workforce of 15,000. The company supports its clients' innovative projects to accelerate the energy transition.
Technip Energies announced a share buyback program from June 13 to June 17, 2022. During this period, the company repurchased a total of 140,000 shares at an average price of €12.19 per share. The buyback was executed under a discretionary mandate by an investment services provider, allowing independent purchase decisions. This move is part of Technip Energies' strategy to enhance shareholder value and reflects its ongoing commitment to the energy transition, engaging in sectors like Liquefied Natural Gas, hydrogen, and CO2 management.
The strategic collaboration between Equinor and Technip Energies, announced at the Seanergy conference in France, aims to develop floating wind steel SEMI substructures. This partnership seeks to enhance technology development, reduce costs, and unlock local value opportunities in floating offshore wind energy. With both companies committed to driving industrialization in this field, they plan to maximize fabrication capacities and integrate expertise for future projects, addressing the growing need for renewable energy solutions.
Technip Energies has secured a Bankable Feasibility Study contract with Viridian Lithium to construct Europe's first lithium refining and conversion plant in Lauterbourg, France. The facility aims to produce up to 100,000 tons of Battery Grade lithium chemicals annually, sufficient to power 2 million electric vehicles, enhancing the battery supply chain for electric mobility. This partnership aligns with Technip Energies' strategy for a sustainable future and underscores the importance of lithium in the European automotive industry.
Technip Energies and Samsung Engineering have secured a Pre-FID Engineering contract for the Texas LNG project in Brownsville, Texas. This joint venture aims to deliver a 4.0 Mtpa LNG export facility at the Port of Brownsville, utilizing Technip’s innovative SnapLNG™ solution. This modular design offers enhanced cost efficiency, reduced emissions, and accelerated project timelines, aligning with current energy market demands. The project is fully authorized for export to global markets and signifies Technip's commitment to low-carbon technologies.
Technip Energies, in collaboration with Saulsbury Industries, has secured a contract for Engineering, Procurement, and Construction (EPC) to expand carbon capture and storage (CCS) at ExxonMobil's LaBarge facility in Wyoming. This expansion aims to enhance the plant's CO2 capture capacity by over 1 million metric tons annually, increasing total capacity to over 7 million metric tons per year. Technip Energies will handle engineering and procurement, while Saulsbury will oversee construction and pipeline installation.
Technip Energies announced the adoption of all resolutions at the 2022 Annual General Meeting, including the approval of the 2021 financial statements and a dividend of €0.45 per share. The dividend will be payable starting May 20, 2022. key dates for dividend eligibility include an ex-dividend date of May 18, 2022 and a record date of May 19, 2022. The company is well-positioned for energy transition with strong market positions in LNG, hydrogen, and sustainable chemistry.