The Full Wiki

Technip: Wikis

Advertisements
  
  

Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.

Encyclopedia

From Wikipedia, the free encyclopedia

Technip S.A.
Type Public (Euronext: TEC)
Founded 1958
Headquarters La Défense, France
Key people Thierry Pilenko (Chairman of the board and CEO), Julian Waldron (CFO)
Industry Engineering
Products Engineering and project management of petroleum industry infrastructure
Revenue 7.481 billion (2008)[1]
Operating income €656.9 million (2008)[1]
Profit €448 million (2008)[1]
Employees 22,750 (2008)[1]
Website www.technip.com
Technip Headquarters Tour Adria at La Défense, Paris

Technip is a provider of project management, engineering, and construction services for the oil and gas industry, headquartered in La Défense, France. The company designs and builds high-technology industrial installations, such as subsea equipment and platforms, and onshore mega-complexes for the oil, gas and petrochemical sectors. It operates in three segments: Subsea, Offshore and Onshore. The company's main subsidiaries are Technip France, Technip Italy SpA, Technip UK Limited, Technip Geoproduction Malaysia SDN BHD, Flexibras Tubos Flexiveis Limitada and Technip USA Inc. As of August 2009, the Company has a fleet of 17 vessels (19 in 2010) specialized in subsea pipelay, subsea construction and diving support. It is listed on the Euronext Paris stock exchange. The CEO is Thierry Pilenko.

Contents

History

Advertisements

1958

Technip, an engineering company, was founded in Paris with a workforce of 100 people

1960’s

First series of international successes with the completion of projects in Africa and Asia

1970’s

Technip becomes an international group with the creation 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– is created by the IFP (French Petroleum Institute) and opens a flexible flowline manufacturing plant in Le Trait, France, as well as offices in Houston, Aberdeen and Rio de Janeiro.

1980’s

Technip expands its global presence and opens operating centers in Kuala Lumpur and Abu Dhabi. Coflexip opens a second flowline manufacturing plant in Brazil and branches out into the manufacture of umbilicals with the establishment of the Duco plant in Newcastle, UK.

1990’s

Technip is listed on the Paris Stock Exchange and Coflexip is listed on the New York Stock Exchange. Coflexip acquires Stena Offshore while Technip becomes a world-leading engineering group through the acquisition of companies with strong technological expertise: Speichim, Krebs and KTI. Established in the United States, KTI enables Technip to set up in North America.

2000’s

Coflexip acquires Aker Maritime’s Deepwater Division. Technip merges with Coflexip and the unified group becomes a world leader in engineering, technologies and services for the oil and gas industry. Many major contracts are signed, notably in the Middle East in the liquefied natural gas (LNG), ethylene and refining sectors.

Organization

Thierry Pilenko was named Chairman and CEO of Technip in April 2007.

Members of the Group Executive Committee are:

  • Bernard di Tullio – Chief Operating Officer
  • John Harrison – General Counsel
  • Thierry Parmentier – Human Resources Director
  • Dominique de Soras – President, Subsea Division
  • Nello Uccelletti – Senior Vice President, Region B
  • Julian Waldron – Chief Financial Officer

In October 2007 Technip’s operational organization evolved to better serve the Group’s strategy: Business development activities, projects, engineering and construction resources, all operational assets and support and technological development resources now fall under the authority of the Chief Operating Officer. Seven regional operating units that are fully accountable for their own operational and financial results were created: North America, Asia Pacific, Brazil, North Sea-Canada, Middle East, Region A (Western Europe, Africa) and Region B (Italy, Eastern Europe, Russia, South America). These operating units receive support from global product lines and a specific Subsea business unit was created at the corporate level. The Regions, Product lines and Business Unit all report to the Chief Operating Officer. A New Technologies Department is responsible for coordinating Technip’s actions to anticipate and develop future technologies. The Functional Divisions – Finance and Control, Human Resources, General Counsel and Communications provide support to all Divisions and operating centers.

Financial and stock market information

Key Figures in thousands of €
Years 2006 2007 2008
Revenue 6 926 500 7 886 500 7 481 400
Operating income from recurring activities 333 200 247 000 656 9000
Net income 201 900 128 000 454 300

The Technip share is listed on Euronext Paris and on the American over-the-counter market.

  • ISIN: FR0000131708
  • Nominal value: euro
Years (at 31/12) 2006 2007 2008
Number of shares in issue (in millions) 106 106 109
Market capitalization (in € millions) 6071 5518 5812

The Technip share is included in the Dow Jones Sustainability Index and the Low Carbon 100 index.

Offices worldwide

Operations

The Company's clients include oil and gas, chemicals and petrochemicals, commercial and institutional, manufacturing, power, and infrastructure.

References

  1. ^ a b c d "Annual Report 2008" (PDF). Technip. http://www.technip.com/english/pdf/2008_Reference_Document.pdf. Retrieved 2009-09-18. 

External links


Advertisements






Got something to say? Make a comment.
Your name
Your email address
Message