Technip sales up despite caution among oil industry players

Technip sales up despite caution among oil industry players
by Staff Writers
Paris (AFP) Oct 30, 2014

French oil services group Technip on Thursday reported soaring sales even though weak petrol prices have forced energy giants to be cautious about future investments.

The engineering group, which provides engineering services to oil and gas giants such as Total, BP or Shell, said sales rose 17.8 percent to 2.82 billion euros.

Net profit slid to 12.3 percent to 131.6 million euros, but Technip said it would maintain its full-year targets, citing its 19.3 billion euro backlog.

The group is expecting 2014 sales of its underwater activity to reach between 4.6 and 4.9 billion euros, and its onshore and offshore business revenues to reach between 5.55 and 5.80 billion euros.

In recent months the group has announced several big contracts linked to underwater pipelines, and also to the shale energy boom in North America.

mhc/hmn/hd

TECHNIP

EURONEXT

BGC PARTNERS

TOTAL

ROYAL DUTCH SHELL PLC

JUNIPER NETWORKS

NOVATEK

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

Related Links
All About Oil and Gas News at OilGasDaily.com

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks

del.icio.us

Digg

Google

Peshmerga at Turkish border to reinforce besieged Kobane
Suruc, Turkey (AFP) Oct 30, 2014
Heavily armed Iraqi peshmerga forces reached the Turkish border Thursday and a first small party entered the town of Kobane as they prepared to join fellow Kurds battling jihadists. The 10 fighters briefly entered Kobane to coordinate with Kurdish militia who have been holding off an assault by jihadists of the Islamic State (IS) group for six weeks, said the Syrian Observatory for Human Rig ... read more

British electric grid may shut factories if strained in winter

Climate: EU set for 24% emissions cut by 2020

Durable foul-release coatings control invasive mussel attachment

Better electricity access has little impact on climate

Helping general electric upgrade the US power grid

Chinese power companies pursue smart grids

Developing environmentally friendly Li-ion batteries

Wild molecular interactions in a new hydrogen mixture

Boosting Biogasoline Production in Microbes

Molecular movement within mesoporous nanoparticles modeled

Boeing and Chinese firm to turn "gutter oil" into jet fuel

New Discovery Will Enhance yield and quality of Cereal and Bioenergy Crops

Drones spotted over seven French nuclear sites, says EDF

More drones spotted over French nuclear power stations

Using radio waves to control the density in a fusion plasma

Fukushima operator TEPCO posts solid mid-term profit

Past Climate Change Was Caused by the Ocean, Not Just the Atmosphere

UN climate summit will fail unless US sets big goal: EU

Gear shift needed to meet climate pact deadline: observers

Climate rescue mission 'not hopeless': IPCC chief

Dongfeng, Huawei partner for Internet-enabled cars

Renault chief sees Europe auto market slowing in 2015

Tritium targets Europe for its EV fast charger

A Big-Data Approach To Estimating EV Range

Four deminers killed in Iraq blast

Iraqi army months away from major offensive: US officials

Suicide bomber kills at least 14 south of Baghdad

IS jihadists again besiege Iraq's Mount Sinjar

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.