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Technip Energies selected by L&T for a significant engineering services contract for ADNOC Offshore in the UAE

(Very Positive)
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Technip Energies (THNPY) has been selected by Larsen & Toubro Energy Hydrocarbon to deliver detailed engineering services for a major ADNOC Offshore project in the UAE. The wider project covers EPCIC of new offshore facilities plus upgrades to existing infrastructure.

The award, classified as a “significant” contract worth €50–250 million, will draw on Technip Energies’ local engineering capabilities and experience in complex Middle East offshore projects. According to the company, the contract reinforces its long-standing collaboration with Larsen & Toubro and was recorded in Q3 2026 within the Technology, Products & Services segment. Technip Energies reported €7.2 billion of revenue in 2025.

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Positive

  • Significant contract valued between €50–250 million
  • Award recorded in Q3 2026 in Technology, Products & Services segment
  • Leverages Middle East offshore engineering experience and local capabilities
  • Builds on long-standing collaboration with Larsen & Toubro across energy projects

Negative

  • None.

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Technip Energies (PARIS:TE) has been awarded a significant1 contract by Larsen & Toubro Energy Hydrocarbon (LTEH) to provide detailed engineering services for a major ADNOC Offshore project in the United Arab Emirates.

The project, recently awarded by ADNOC Offshore to a consortium led by LTEH, covers the engineering, procurement, construction, installation and commissioning (EPCIC) of new offshore facilities, together with modifications and upgrades to existing infrastructure.

Under the contract, which strengthens Technip Energies’ position in high-end engineering services, the company will draw on its strong local engineering capabilities and extensive experience with complex, large-scale offshore projects in the Middle East.

The award also builds on the long-standing collaboration between Technip Energies and Larsen & Toubro (L&T) across a broad range of upstream, downstream and energy infrastructure projects worldwide.

Loïc Chapuis, President Project Delivery and Services at Technip Energies, commented: “We are pleased to have been selected by L&T to support this major offshore development for ADNOC Offshore. This award reflects the trust placed in our engineering excellence and our proven track record in delivering complex offshore projects. Together with L&T, we look forward to contributing to ADNOC’s strategic objectives and the UAE’s energy ambitions.”

1 A “significant” award for Technip Energies is a contract award representing between €50 million and €250 million of revenue. This award was recorded in Q3 2026 in the Technology, Products & Services segment.

About Technip Energies

Technip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality.

Through collaboration and excellence in execution, our 18,000+ employees across 35 countries are fully committed to bridging prosperity with sustainability for a world designed to last.

Technip Energies generated revenues of €7.2 billion in 2025 and is listed on Euronext Paris. The Company also has American Depositary Receipts trading over the counter.

For further information: www.ten.com

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Tel: +44 207 585 5051                                Tel: +33 1 47 78 22 89
Email: Phillip Lindsay                                Email: Jason Hyonne

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FAQ

What new contract did Technip Energies (THNPY) win with L&T for ADNOC Offshore in August 2026?

Technip Energies was chosen by Larsen & Toubro Energy Hydrocarbon to provide detailed engineering services for a major ADNOC Offshore project in the UAE. According to the company, the broader scope includes EPCIC of new offshore facilities plus modifications to existing infrastructure.

What is the value of a "significant" Technip Energies (THNPY) contract like the new ADNOC Offshore award?

Technip Energies defines a "significant" contract as generating between €50 million and €250 million of revenue. According to the company, the ADNOC Offshore engineering services award falls in this range and is therefore categorized as a significant contract.

How will Technip Energies (THNPY) account for revenue from the ADNOC Offshore engineering contract?

Technip Energies recorded the ADNOC Offshore engineering services award in Q3 2026 within its Technology, Products & Services segment. According to the company, this classification reflects the contract’s focus on high-end engineering services rather than full EPC project delivery.

How does the ADNOC Offshore contract support Technip Energies (THNPY) strategy in the Middle East?

The contract uses Technip Energies’ strong local engineering capabilities and experience in complex, large-scale offshore projects in the Middle East. According to the company, the award also strengthens its high-end engineering services positioning and deepens collaboration with Larsen & Toubro in the region.

What were Technip Energies (THNPY) revenues in 2025 before the ADNOC Offshore award?

Technip Energies generated €7.2 billion of revenue in 2025. According to the company, this revenue was supported by its Technology, Products & Services and Project Delivery segments, focused on LNG, hydrogen, ethylene, sustainable chemistry and CO2 management markets.

Which business segment of Technip Energies (THNPY) includes the new ADNOC Offshore engineering contract?

The ADNOC Offshore engineering services award is recorded in Technip Energies’ Technology, Products & Services (TPS) segment. According to the company, TPS focuses on technology-driven offerings and high-end engineering rather than full EPC project execution.