Latest news with #NFPSCOMP4
Zawya
29-04-2025
- Business
- Zawya
Technip Energies secures engineering design contract for QatarEnergy LNG's project
France-based Technip Energies said it has been awarded a significant Detailed Engineering Design contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) of QatarEnergy LNG. The contract was by awarded by L&T Energy Hydrocarbon (LTEH), the hydrocarbon business of Indian engineering and construction giant Larsen & Toubro (L&T). According to the company's press statement, it will provide Detailed Engineering Design for two offshore compression complexes. Each will comprise large offshore platforms, flare platforms, interconnected bridges, and other associated structures. Technip Energies didn't disclose specific contract value, but the statement categorised the award as 'significant,' representing between €50 million and €250 million revenue. The Paris bourse-listed company had completed the Front-End Engineering and Design (FEED) phase for NFPS COMP 4. (Writing by Deva Palanisamy; Editing by Anoop Menon)
Yahoo
28-04-2025
- Business
- Yahoo
Technip Energies awarded a significant engineering contract for the North Field Production Sustainability Offshore Compression Project in Qatar
Technip Energies (PARIS:TE) has been awarded a significant (1) Detailed Engineering Design contract by Larsen & Toubro Limited (L&T) Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) of QatarEnergy LNG, the world's premier LNG company. Under this contract, Technip Energies, having completed the Front-End Engineering and Design (FEED) phase, will provide Detailed Engineering Design for two offshore compression complexes. Each will comprise large offshore platforms, flare platforms, interconnected bridges, and other associated structures. Marco Villa, Chief Business Officer of Technip Energies, commented: "We are pleased to be entrusted by L&T and QatarEnergy LNG for the Detailed Engineering Design of the NFPS COMP 4 project. This selection highlights the confidence and trust in our engineering expertise and Technip Energies' established capability to support Qatar's energy security, ambitious projects and objectives.' (1) A 'significant' award for Technip Energies is a contract award representing between €50 million and €250 million of revenue. This award was recorded in Q1 2025 in the Technology, Products & Services segment. About Technip Energies Technip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality. Through collaboration and excellence in execution, our 17,000+ employees across 34 countries are fully committed to bridging prosperity with sustainability for a world designed to last. Technip Energies generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris. The Company also has American Depositary Receipts trading over the counter. For further information: Contacts Investor RelationsPhillip LindsayVice-President Investor RelationsTel: +44 207 585 5051Email: Phillip Lindsay Media RelationsJason HyonnePress Relations & Social Media ManagerTel: +33 1 47 78 22 89Email: Jason Hyonne Important Information for Investors and Securityholders Forward-Looking Statements This press release contains forward-looking statements that reflect Technip Energies' (the 'Company') intentions, beliefs or current expectations and projections about the Company's future results of operations, anticipated revenues, earnings, cashflows, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are often identified by the words 'believe', 'expect', 'anticipate', 'plan', 'intend', 'foresee', 'should', 'would', 'could', 'may', 'estimate', 'outlook', and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on the Company's current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on the Company. While the Company believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Company will be those that the Company anticipates. All of the Company's forward-looking statements involve risks and uncertainties, some of which are significant or beyond the Company's control, and assumptions that could cause actual results to differ materially from the Company's historical experience and the Company's present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. For information regarding known material factors that could cause actual results to differ from projected results, please see the Company's risk factors set forth in the Company's 2024 Annual Financial Report filed on March 10, 2025, with the Dutch Autoriteit Financiële Markten (AFM) and the French Autorité des Marchés Financiers (AMF), which includes a discussion of factors that could affect the Company's future performance and the markets in which the Company operates. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. The Company undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law. Attachment Technip Energies awarded a significant engineering contract for the NFPS Offshore Compression Project in Qatar
Arabian Business
31-03-2025
- Business
- Arabian Business
India's L&T wins ‘ultra-mega' contract from QatarEnergy LNG, its largest order till date
India 's engineering and construction major Larsen & Toubro (L&T) announced it has secured an 'ultra-mega' contract from QatarEnergy LNG. The contract is estimated to be valued at about $1.75 billion. QatarEnergy LNG has awarded the offshore contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) to Larsen & Toubro Limited (L&T) Hydrocarbon Business, the company said in a media release. It marks the largest single contract ever received by L&T, the company said. The scope of work encompasses the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes – each comprising large offshore platforms with compression and power generation facilities. It also includes living quarters, flare platforms, interconnected bridges, and other associated structures to be located at approximately 80 kms off the northeast coast of Qatar. S N Subrahmanyan, Chairman & Managing Director, L&T, said securing QatarEnergy LNG's ultra-mega offshore contract is a landmark achievement. 'This prestigious project strengthens our global energy portfolio, while supporting Qatar's energy security objectives,' he said. Subramanian Sarma, Deputy Managing Director & President-L&T, said the collaboration not only strengthens the company's partnership but also reaffirms its commitment to supporting Qatar's strategic energy objectives through innovative and reliable solutions.
Zawya
27-03-2025
- Business
- Zawya
QatarEnergy awards 'ultra mega' offshore contract to India's L&T
QatarEnergy LNG has awarded an 'ultra mega' offshore contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4) to Larsen & Toubro Limited (L&T) Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH). This is the largest single contract ever received by L&T, the company said in a statement to the Bombay Stock Exchange on Wednesday. The scope of work encompasses the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes, each comprising large offshore platforms with compression & power generation facilities, living quarters, flare platforms, interconnected bridges, and other associated structures about 80 km off the northeast coast of Qatar. S N Subrahmanyan, Chairman & Managing Director- L&T, said the project strengthens its global energy portfolio while supporting Qatar's energy security objectives. While the contract value was not given, the 'ultra mega' project is valued at over INR 15,0000 ($1.75 billion) based on the company's project classifation. (Writing by P Deol; Editing by Anoop Menon) (
Zawya
27-03-2025
- Business
- Zawya
L&T snaps up mega $1.7bln QatarEnergy LNG contract
India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that its key unit - L&T Energy Hydrocarbon (LTEH) - has secured a ultra mega contract from QatarEnergy LNG for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4). Confirming the mega win, L&T said the contract, which is worth more than Rs150 billion ($1.7 billion), is the largest single order ever received by the company. The scope of work encompasses the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes, each comprising large offshore platforms with compression and power generation facilities, living quarters, flare platforms, interconnected bridges, and other associated structures to be located 80 km off the northeast coast of Qatar. S N Subrahmanyan, Chairman & Managing Director - L&T, said: "Securing QatarEnergy LNG's ultra mega offshore contract - the largest single order in our history, is a landmark achievement. This prestigious project strengthens our global energy portfolio while supporting Qatar's energy security objectives." "I thank QatarEnergy LNG for placing their trust in L&T to deliver this complex and strategically important project. We look forward to setting new benchmarks in project execution that will reinforce Qatar's position as a global LNG leader," he stated. Subramanian Sarma, Deputy Managing Director & President - L&T, said: "The award of a project of such nature is a reflection of the confidence and trust placed by QatarEnergy LNG in L&T's expertise and its ability to deliver such large-scale projects for which L&T is very thankful." "This collaboration not only strengthens our partnership but also reaffirms L&T's commitment to supporting Qatar's strategic energy objectives through innovative and reliable solutions," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
