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Technip Energies has secured a crucial contract with Neste to expand its renewable products capacity in Rotterdam, increasing output by 1.3 million tons annually. This project, part of an existing partnership, includes engineering, procurement, and construction management services. The work follows a successful Front-End Engineering and Design phase completed in 2021. The expansion utilizes Neste’s proprietary NEXBTL™ technology, converting waste materials into renewable fuels.
Technip Energies (EuronextParis:TE) announced its share buyback program, reporting purchases from July 11 to July 15, 2022. A total of 200,000 shares were acquired at a weighted average price of €10.969418. The buyback aims to enhance shareholder value and is managed by an independent investment services provider. This strategic initiative reflects the company’s commitment to returning value to shareholders while reinforcing its financial position.
A new joint venture, NT ENERGIES LLC, has been established between National Petroleum Construction Company (NPCC) and Technip Energies to enhance energy transition services in the UAE, Middle East, and North Africa. This venture focuses on blue and green hydrogen, CO2 capture, and various decarbonization projects. The agreement was signed during a high-profile meeting in Paris. Technip Energies' CEO believes this partnership is crucial for accelerating energy transition and facilitating sustainable solutions in the region.
Technip Energies, listed on Euronext Paris under the symbol TE, conducted a share buyback program between July 4 and July 8, 2022. A total of 184,917 shares were repurchased, with an average purchase price of €11.871127 per share. This initiative, managed by an investment services provider, aims to optimize shareholder value and reinforce market confidence. The transactions are part of a broader strategy to support the company's objectives in the energy transition sector.
Technip Energies has announced its ongoing share buyback program, reporting the purchase of 170,000 shares from June 27 to July 1, 2022. The shares were acquired at a weighted average price of €12.175720 through an investment services provider with a discretionary mandate. The buyback aims to enhance shareholder value and reflects the company's commitment to returning capital to its investors. The total transactions indicate a strategic move to bolster the stock price and investor confidence.
Technip Energies has secured a significant Engineering, Procurement, and Construction (EPC) contract from Hafslund Oslo Celsio for a groundbreaking carbon capture and storage (CCS) project at a waste-to-energy plant in Oslo, Norway. This project, the first of its kind globally, aims to capture 400,000 tons of CO2 annually, equivalent to emissions from 200,000 cars, thereby reducing Oslo's emissions by 17%. The contract is valued between €250 million and €500 million.
Technip Energies has conducted a share buyback from June 20 to June 24, 2022, purchasing a total of 175,000 shares at an average price of €12.18. The buyback program aims to enhance shareholder value through strategic repurchases executed by an independent investment service provider. The initiative demonstrates the company’s commitment to returning value to shareholders while maintaining a strong financial position.
Technip Energies will release its first half 2022 financial results on July 28, 2022, at 07:30 CET. A conference call is scheduled for the same day at 13:00 CET, with participation details provided. Technip Energies is a leader in energy transition technologies including LNG and hydrogen, and operates in 34 countries with a workforce of 15,000. The company supports its clients' innovative projects to accelerate the energy transition.
Technip Energies announced a share buyback program from June 13 to June 17, 2022. During this period, the company repurchased a total of 140,000 shares at an average price of €12.19 per share. The buyback was executed under a discretionary mandate by an investment services provider, allowing independent purchase decisions. This move is part of Technip Energies' strategy to enhance shareholder value and reflects its ongoing commitment to the energy transition, engaging in sectors like Liquefied Natural Gas, hydrogen, and CO2 management.
The strategic collaboration between Equinor and Technip Energies, announced at the Seanergy conference in France, aims to develop floating wind steel SEMI substructures. This partnership seeks to enhance technology development, reduce costs, and unlock local value opportunities in floating offshore wind energy. With both companies committed to driving industrialization in this field, they plan to maximize fabrication capacities and integrate expertise for future projects, addressing the growing need for renewable energy solutions.
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