Technip Reaps Gains from North American Offshore, LNG Projects

Technip Reaps Gains from North American Offshore, LNG Projects

October 30, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Technip Energies N.V. (Paris, France) boasts a growing presence in the North American market for liquefied natural gas (LNG) and offshore drilling, with the latter business driving its third-quarter revenues to more than $2 billion, an 18.7% gain from third-quarter 2022. The engineering and technology provider expects its customer base to expand further into the offshore market due to high-quality reserves.

Industrial Info is tracking nearly $20 billion worth of active projects across the U.S. and Canada featuring Technip's services, including more than $14 billion worth in the Oil & Gas Production Industry. Two of the largest offshore projects under construction in North America, from Cenovus Energy Incorporated (NYSE:CVE) and Beacon Offshore Energy LLC, feature Technip's services.

Other companies featured: Commonwealth LNG LLC, Baker Hughes Company (NASDAQ:BKR), Kimmeridge Energy Management Company LLC, EQT Corporation (NYSE:EQT), MET Group and pretreatment unit at Glenfarne Group LLC.

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