Technip, in anticipation of further challenges in the oil and gas industry, launched a restructuring plan and accelerated its cost reduction plans to reinforce the company through and beyond the downturn, the French company reports. The company targets a savings of €830 (US$918) million…
Technip awarded UTEC Survey a three-year master service agreement (MSA). The award confirms a three-year extension to its current North America MSA with Technip, an agreement which encompasses a full range of survey services including…
Total E&P UK has awarded Technip an additional scope for the parallel development of the Glenlivet field close to the Edradour subsea development, about 75km northwest of Shetlands in the UK North Sea. The Glenlivet scope includes: fabrication and installation of 12in…
Technip won two contracts for flexible pipe supply and installation at the Amethyst field, in Mississippi Canyon 26, in the US Gulf of Mexico. The Deep Blue. From Technip. Both contracts are for operator Stone Energy…
Technip has completed the previously announced sale of its diving assets in the US Gulf of Mexico to Ranger Offshore Inc. As part of this transaction, Technip USA and Ranger Offshore have entered into a multiyear Diving Services Agreement covering Technip’s North America Region…
French engineering firm Technip has dropped its big to make an offer for fellow French seismic acquisition and services firm CGG. Technip's shares rose 6% on the announcement, while CGG's dropped 30%. Technip, which first approached CGG over a possible offer on 10 November…
Jumbo signed a contract with Technip Oceania for the installation of 13 subsea structures for the Chevron Wheatstone Project. The subsea structures comprise of pipeline termination structures, subsea isolation valve structures, tee protection structures and drill center manifolds…
French seismic and data processing firm CGG has rebuffed a takeover by fellow-French engineering and project management firm Technip. Technip said it made the approach on Monday 10 November. The move, says Technip, would create a…
Technip is to name its latest newbuild dive support vessel (DSV), currently being built by Vard, the Deep Explorer. The high-specification, DP3 vessel will feature a 24-man saturated dive system, large deck area, moonpool, work-class ROVs…
United Arab Emirates' Abu Dhabi Marine Operating Company (ADMA-OPCO) has awarded Technip a contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) works of the Nasr Phase II full field development project – Packages 1…
Technip is investing more than US$84.7 million and more than four years to modernize its flexible pipe manufacturing plant, Flexi France, in Le Trait, France. This plan focuses on the installation of new-generation machines and site optimization to fit 12m diameter reels…
Anadarko Petroleum Corp. awarded Technip a contract for the K2 Riser Base Gas Lift project, located in Green Canyon 608 in the Gulf of Mexico, at a water depth of approximately 1300m. Upon the terms of agreement, Technip will provide…
Technip has secured a five-year framework agreement with PETRONAS Carigali Sdn Bhd (PCSB) for engineering, procurement, construction and installation (EPCI) or supply-only of flexible pipes for PCSB’s projects in Malaysia. The Deep Orient…
EnQuest awarded Technip an engineering, procurement, installation and construction (EPCI) contract for the Kraken development. Technip's Deep Energy. From Technip. Kraken is located in the North Sea…
EnQuest awarded Technip a large engineering, procurement, installation and construction (EPCI) contract for the Kraken development located in the North Sea, 400km northeast of Aberdeen and 130km east of Shetland, at a water depth of approximately 120m…
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