Technip S.A. was a company that carried out

project management Project management is the process of supervising the work of a Project team, team to achieve all project goals within the given constraints. This information is usually described in project initiation documentation, project documentation, crea ...

engineering Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...

and

construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

for the

energy industry The energy industry refers to all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, oil refinery, refining and distribution. Modern society consumes large amounts of fuel, and the energy in ...

; in 2017 it completed a merger with FMC Technologies to form TechnipFMC. Its headquarters were in the 16th arrondissement of

Paris Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, largest city of France. With an estimated population of 2,048,472 residents in January 2025 in an area of more than , Paris is the List of ci ...

. It has about 38,000 employees and operates in 48 countries.

Overview

TechnipFMC is primarily in the energy business and is active in three business segments, namely Subsea, Offshore & Onshore. It has around 38,000 employees and operates in 48 countries. It owns a fleet of 21 vessels in operation with 6 more under construction. As of the end of 2014, while the operating income of Technip Group from recurring activities stood at ~ Euros 825 million, the total revenues stood at more than Euros 10.7 billion.Technip full Year 2014 results
sur "".

History

Technip was established in 1958 by IFP, Institut français du pétrole, as Compagnie française d'études et de construction Technip. In the 1960s, the company completed its first international projects in Africa and Asia. In the 1970s Technip became an international group with the acquisition of an office in Rome and the creation of Technip Geoproduction, a subsidiary specialized in hydrocarbon field equipment. During this period, Coflexip – a firm specialized in the design, manufacture, and supply of flexible subsea flowlines – was created by the IFP (French Petroleum Institute) and opened a flexible flowline manufacturing plant in Le Trait, France, as well as offices in

Houston Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

Aberdeen Aberdeen ( ; ; ) is a port city in North East Scotland, and is the List of towns and cities in Scotland by population, third most populous Cities of Scotland, Scottish city. Historically, Aberdeen was within the historic county of Aberdeensh ...

and

Rio de Janeiro Rio de Janeiro, or simply Rio, is the capital of the Rio de Janeiro (state), state of Rio de Janeiro. It is the List of cities in Brazil by population, second-most-populous city in Brazil (after São Paulo) and the Largest cities in the America ...

. In the 1980s Technip opened operating centers in Kuala Lumpur and Abu Dhabi. Coflexip opened a second flowline manufacturing plant in Brazil and branched out into the manufacture of umbilicals with the establishment of the Duco plant in Newcastle, UK. Coflexip acquired Stena Offshore while Technip acquired several companies with strong technological expertise: ''Speichim'', ''Krebs'' and ''KTI''. Already established in the United States, KTI enabled Technip to set up in

North America North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South Ameri ...

. Coflexip established a presence in Australia and acquired the Norwegian company Stena Offshore. In the 2000s, Technip merged with Coflexip, which had just acquired Aker Maritime's Deepwater Division. The unified group is now one of the top five companies worldwide in engineering, technology, and services for the energy industry. Many major contracts are signed, notably in the Middle East in the

liquefied natural gas Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume o ...

(LNG), ethylene, and refining sectors. In 2010 three major assets came into operation: the Technip fleet expanded to 17 vessels with the addition of the Apache II, one of the most advanced pipelay vessels in the industry, and the Skandi Vitoria, a Brazilian-flagged vessel dedicated to the pre-salt market. Asiaflex Products, the Group’s third flexible pipe production plant, located in Tanjung Langsat, Malaysia was inaugurated. In 2011, Technip acquired Global Industries, substantially expanding its addressable market in subsea. In 2012 Technip acquired Stone & Webster Process Technologies and associated oil and gas engineering capabilities from

The Shaw Group The Shaw Group is a pipe and steel fabrication firm specializing in induction bending. Headquartered in Houston, Texas, Shaw employs approximately 1,400 people across its offices and operations in North America and the Middle East. History ...

Merger with FMC

In 2017, FMC Technologies Inc. and Technip agreed to merge, forming a significant new player in an energy industry racked by a nearly two-year slump in crude prices. The all-share deal would result in a new company named TechnipFMC with a market value of about $13 billion. TechnipFMC has three

headquarters Headquarters (often referred to as HQ) notes the location where most or all of the important functions of an organization are coordinated. The term is used in a wide variety of situations, including private sector corporations, non-profits, mil ...

, and

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

under new Houston-based CEO Doug Pferdehirt, who worked as FMC’s

chief operating officer A chief operating officer (COO), also called chief operations officer, is an executive in charge of the daily operations of an organization (i.e. personnel, resources, and logistics). COOs are usually second-in-command immediately after the C ...

. Former Technip chairman and CEO Thierry Pilenko is the new executive chairman. In August 2019, Doug Pferdehirt announces that TechnipFMC will be split into two independent engineering companies. The separation is expected to be completed by the end of the first semester of 2020. The former Technip entity, without the subsea business, was renamed

Technip Energies Technip Energies NV is a French engineering and technology company for the energy industry and Chemical industry, chemicals sector. It is a Corporate spin-off, spin-off of TechnipFMC. History Technip Energies was established in 2021 as a Corpo ...

Listings

In the 1990s Technip was listed on the

Paris Stock Exchange Euronext Paris, formerly known as the Paris Bourse (), is a regulated securities trading venue in France. It is Europe's second largest stock exchange by market capitalization, behind the London Stock Exchange, as of December 2023. As of 2022, th ...

and Coflexip on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

. Technip was included in the CAC40 French benchmark index in September 2009.

Controversies

In June 2010 Technip S.A. agreed to pay a $338 million criminal penalty to resolve charges related to the Foreign Corrupt Practices Act (FCPA) for its participation in a decade-long scheme to bribe Nigerian government officials to obtain engineering, procurement, and construction (EPC) contracts. In 2011, the US Securities & Exchange Commission (SEC) filed a lawsuit in the federal Southern District of New York alleging insider trading.

Organization

Technip was certified as one of the first five companies in the world as a Global Top-Employer 2015 which recognizes first-class employee offerings globally and equally. This independent certification delivered by the Top Employers Institute demonstrates the quality and consistency of the company’s human resources policies and practices all around the globe. Technip has also been certified as a Top-Employer in 24 countries (Australia, Brazil, China, Colombia, France, Germany, India, Indonesia, Italy, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Russia, Singapore, Spain, Thailand, United Arab Emirates, United Kingdom, United States, Venezuela, and Vietnam) as well as in three regions (Asia-Pacific, Europe, and Latin America). In July 2015, it was announced that the company would lay off 6,000 employees due to the industry downturn.

Financial and stock market information

The Technip share is listed on Euronext Paris and the American over-the-counter market. * ISIN: FR0000131708 * Nominal value: euro The Technip share is included in the Dow Jones Sustainability Index and the Low Carbon 100 index and the ASPI Eurozone. (a) Does not include the exercise of options arising from the current share purchase or share subscription option plans.

References

External links

* {{Authority control 2017 mergers and acquisitions Business services companies established in 1958 Companies formerly listed on Euronext Paris Companies formerly listed on the New York Stock Exchange Construction and civil engineering companies of France Construction and civil engineering companies established in 1958 Construction and civil engineering companies disestablished in 2017 Engineering companies of France Energy engineering and contractor companies Design companies established in 1958 Energy companies established in 1958 Energy companies disestablished in 2017 French companies established in 1958 French companies disestablished in 2017 Non-renewable resource companies established in 1958