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.
Technip Energies announced share buybacks from March 23 to March 25, 2022, totaling 446,129 shares purchased at an average price of €10.800540. This buyback program is executed under a discretionary mandate by an investment services provider, allowing independent decisions on share acquisitions. The buyback aims to enhance shareholder value and bolster market confidence in Technip Energies, a key player in energy transition, with a strong focus on LNG and hydrogen sectors.
Technip Energies has filed its 2021 Form 20-F with the United States SEC, highlighting its status as a leading company in Engineering & Technology for the Energy Transition. The filing is available for review online. The company is set to hold its Annual General Meeting on May 5, 2022, in the Netherlands, with related documents accessible on its investor relations webpage. Technip Energies specializes in Liquefied Natural Gas, hydrogen, and sustainable chemistry, and operates in 34 countries with a workforce of 15,000.
Technip Energies has announced the convening notice for its Annual General Meeting (AGM) scheduled for May 5, 2022, at 10:00 CET in Schiphol, the Netherlands. The meeting's agenda, explanatory notes, and other relevant documents are accessible online. Technip Energies is a key player in energy transition with significant market positions in Liquefied Natural Gas, hydrogen, and CO2 management, operating in 34 countries with approximately 15,000 employees. The company is listed on Euronext Paris and also has a Level 1 sponsored ADR program.
Technip Energies (Euronext Paris: TE) has announced a share buy-back program valued at 29,850,000 euros, set to continue until December 31, 2022. This initiative aims to repurchase up to 2,700,000 shares, accounting for 1.5% of its issued share capital, to fulfill obligations under equity incentive plans. The company currently holds about 3 million treasury shares, equating to 1.7% of its total share capital. The buy-back will be executed by a designated broker, adhering to market regulations and operational conditions.
Technip Energies has published its 2021 Annual Report, which is now filed with the Dutch Authority for the Financial Markets (AFM). The report can be accessed online. The company plans to hold its Annual General Meeting on May 5, 2022, in Schiphol, the Netherlands, with detailed documents available on their investor relations page. Technip Energies, a key player in engineering and technology for the energy transition, operates in 34 countries and focuses on sectors including Liquefied Natural Gas, hydrogen, and sustainable chemistry.
Technip Energies has signed a Memorandum of Understanding (MoU) with Greenko ZeroC to explore Green Hydrogen project development in India. The partnership focuses on sectors including refining, petrochemicals, and power plants, aiming to enhance energy transition efforts. Greenko will operate and own the assets while Technip Energies will provide engineering and project management support. Both companies leverage complementary strengths in hydrogen, renewable energy, and technology to deliver scalable carbon-neutral solutions.
Technip Energies reported strong financial results for FY 2021, showcasing an adjusted revenue growth of 11% year-over-year, reaching €6.67 billion. The Recurring EBIT margin improved to 6.5%, with net profit at €251.4 million and diluted EPS of €1.39. The company announced its first dividend of €0.45/share and secured nearly €10 billion in orders, 94% from outside Russia, boosting backlog to €16.39 billion. Despite challenges due to the Ukraine war, Technip remains confident in its diversified business model and ongoing projects.
Technip Energies is closely monitoring the situation in Russia and Ukraine, prioritizing the safety of its employees. Operations remain unaffected. The company emphasizes its expertise in managing contracts in challenging environments, which helps mitigate risks and support its investments in strategic initiatives and dividends. As a leader in the energy transition, Technip Energies focuses on delivering solutions in Liquefied Natural Gas, hydrogen, and sustainable chemistry. The annual earnings release is scheduled for March 3, 2022.
Hy2gen AG has successfully completed a €200 million investment round, marking the largest private capital raise focused on green hydrogen to date. The funds will facilitate the construction of facilities across Europe, producing green hydrogen-based fuels, or e-fuels, for various sectors including transportation and industry. Key investors include Hy24, Mirova, CDPQ, and Technip Energies. Hy2gen aims to lead in green hydrogen production, already planning 880MW and developing an additional 12GW of projects.
Technip Energies has secured a significant Engineering, Procurement, Construction and Commissioning (EPCC) contract from PETRONAS Chemicals Fertiliser Kedah Sdn. Bhd. for a new melamine plant in Gurun, Malaysia. The project, utilizing CASALE Low Energy Melamine technology, will produce 60,000 tons per annum while recycling CO2 to minimize its carbon footprint. Technip Energies will oversee project management and engineering, with Dialog E&C handling construction. This contract is valued between €50 million and €250 million, marking a key milestone in Technip Energies' operations in Malaysia.