Technip’s fourth quarter profit jumps

Technip's fourth quarter profit jumps

Paris-based LNG engineer Technip posted a fourth quarter 2015 net income of €102 million, 27.3 percent up on the €80.1 million in the same quarter 2014. 

The company’s revenue rose 10.7 percent to €3.1 billion from €2.8 billion in 2014, a financial report issued on Thursday reveals.

Order intake was €2.8 billion in the fourth quarter with a backlog of €17 billion.

Technip noted that during the quarter, construction of process modules for the Yamal LNG project continued in China, while it also progressed the integration following the installation of the turret mooring system and the 135-meter flare onto the Prelude FLNG hull in South Korea.

1 Euro = 1.1058 USD

LNG World News Staff

Share this article

Follow LNG World News

Posted on February 26, 2016 with tags .

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >