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 S/ADR (THNPY) news reflects the activities of Technip Energies, an Engineering & Technology company focused on the energy transition. Company releases highlight its roles in Liquefied Natural Gas (LNG), hydrogen, ethylene, sustainable chemistry and CO2 management, as well as its global project delivery and technology businesses.
News for Technip Energies often covers contract awards, front-end engineering and design (FEED) studies, and technology partnerships. Examples include FEED contracts for carbon capture units at natural gas-fired power plants, work on low-carbon and blue hydrogen projects, and engineering for sustainable aviation fuels and eFuels facilities that use renewable electricity and captured CO2. The company also reports on LNG projects, including mid-scale liquefaction plants using all-electric motor-driven compressors with the aim of reducing emissions.
Investors following THNPY can use this news stream to monitor developments in Technip Energies’ Project Delivery and Technology, Products & Services segments, such as project management consultancy awards, process technology licensing deals, and contracts in sustainable chemistry and renewable fuels. Corporate updates, including annual report publications, annual general meeting notices and employee share offerings, also appear in company news.
By reviewing Technip Energies news, readers can see how the company positions itself in LNG, hydrogen, ethylene and decarbonization markets, and track the evolution of its energy transition project portfolio. This page aggregates such updates for users researching the THNPY ADRs and the underlying Technip Energies shares listed on Euronext Paris.
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.
Technip Energies reported a strong first quarter 2022, with an adjusted revenue growth of 4% at €1,618.2 million, up from €1,557.5 million in Q1 2021. The adjusted net profit rose to €72 million, improved margins resulted in a 6.6% EBIT margin. The company continues to enhance its portfolio with investments in hydrogen, biochemicals, and offshore wind. Despite challenges related to operations in Russia, they maintain a positive outlook for revenue between €5.0 and €5.5 billion for 2022, with a recurring EBIT margin of at least 6.5%.
Technip Energies has announced the purchase of its own shares as part of a buyback program between April 4 and April 8, 2022. A total of 51,892 shares were acquired, with the average purchase price being €10.950514. The buyback program is executed through a discretionary mandate by an investment services provider. The move aims to enhance shareholder value. Detailed transaction information is available through the company's investor relations portal.
Technip Energies will report its first quarter 2022 financial results on April 25, 2022, at 07:30 CET. A conference call will follow the results, starting at 13:00 CET, accessible via dial-in numbers for France, the UK, and the US. The event will also be available for live streaming. Technip Energies is a key player in engineering and technology for the energy transition, focusing on areas such as Liquefied Natural Gas, hydrogen, and CO2 management, operating in 34 countries with a commitment to innovative project delivery.
Technip Energies announced share buybacks totaling 553,871 shares between March 28 and April 1, 2022. Each purchase was executed under a discretionary mandate, allowing an investment services provider to independently acquire shares. The daily volumes ranged from 103,871 to 150,000 shares, with weighted average purchase prices between €11.078 and €11.372. This buyback program underscores the company's strategic intent to enhance shareholder value.
Technip Energies has been awarded a Front-End Engineering Design (FEED) contract by Equinor South Korea for the Firefly offshore floating wind project, located 70 kilometers off South Korea's East Coast. The project, aiming for 800 megawatts capacity, will utilize Technip’s INO15™ floater technology, designed for efficient mass production. The wind farm is set to operate by 2027 and will contribute to Equinor's renewable capacity goals. Technip reinforces its commitment to supporting energy transition through innovative engineering solutions.