Connection

popular articles

Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
Port Arthur LNG Phase 2 project receives export authorisation to non-FTA countries
enCore Energy receives licence for Texas uranium project and begins construction
EOG Resources acquires Encino for $5.6bn and strengthens its Utica footprint
Washington cancels $3.7bn in federal subsidies for carbon capture

Technip Energies reports a 31% rise in net profit driven by LNG and decarbonised electricity

In 2024, Technip Energies posted a significant increase in net profit, supported by liquefied natural gas (LNG) markets and decarbonised electricity production. The French group anticipates strong prospects for 2025.
  • [favorite_button]

Please share:

Technip Energies has confirmed the strength of its financial outlook after a 2024 marked by a significant increase in net profit and revenue. The French engineering and services group reported a net profit of €390.7 million, up 31% compared to the previous year. Its revenue reached €6.7 billion, a 12% increase. On an adjusted basis, net profit stood at €390.3 million, with revenue rising to €6.85 billion, marking the upper end of its forecasts.

Strong commercial performance

Arnaud Pieton, CEO of Technip Energies, praised the group’s exceptional results, highlighting that 2024 had been a particularly dynamic year, with the order book reaching nearly €20 billion. The performance was bolstered by commercial successes in the LNG and decarbonised electricity production sectors, with more than €10 billion in new orders. These results reflect the resilience and growth prospects of the company, driven by large-scale contracts in these strategic areas.

Goals for 2025

For 2025, Technip Energies is maintaining its financial outlook, aiming for an adjusted revenue of €5.0 to €5.4 billion for its “Project Delivery” division, and €2.0 to €2.2 billion for its “Technology, Products and Services” (TPS) division. The group also anticipates an adjusted recurring EBITDA margin of around 8% for the first division and 13.5% for the second. According to Arnaud Pieton, these two segments are crucial for the group’s growth in the coming months, particularly due to numerous opportunities in LNG and decarbonisation.

Strategic contracts and CCS technology

In addition, Technip Energies secured a major contract worth over €1 billion for the “Net Zero Teesside Power” project in the United Kingdom. This project, which involves the construction of the first gas power plant equipped with a carbon capture and storage (CCS) system, reinforces the group’s leadership position in this key technology for industrial decarbonisation.

Register free of charge for uninterrupted access.

Publicite

Latest news

Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
Port Arthur LNG Phase 2 project receives export authorisation to non-FTA countries
enCore Energy receives licence for Texas uranium project and begins construction
EOG Resources acquires Encino for $5.6bn and strengthens its Utica footprint
Washington cancels $3.7bn in federal subsidies for carbon capture

Recently published in

US oil rig count falls to lowest level since 2021

US energy companies reduced the number of active rigs for the fifth consecutive week, reaching their lowest level since November 2021, according to data published by Baker Hughes.
Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
en_1140290944540
Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
en_1140290944540
Port Arthur LNG Phase 2 project receives export authorisation to non-FTA countries
Sempra Infrastructure has received approval from U.S. authorities to export 13.5 Mtpa of liquefied natural gas to countries without free trade agreements, marking a key step in developing the Port Arthur LNG Phase 2 terminal.
en_1140290962540
Port Arthur LNG Phase 2 project receives export authorisation to non-FTA countries
Sempra Infrastructure has received approval from U.S. authorities to export 13.5 Mtpa of liquefied natural gas to countries without free trade agreements, marking a key step in developing the Port Arthur LNG Phase 2 terminal.
en_1140290962540
enCore Energy receives licence for Texas uranium project and begins construction
Canadian company enCore Energy has received regulatory approval to extend its radioactive materials licence to the Upper Spring Creek project, initiating the construction of new ISR facilities near its Rosita site.
en_1140290945540
enCore Energy receives licence for Texas uranium project and begins construction
Canadian company enCore Energy has received regulatory approval to extend its radioactive materials licence to the Upper Spring Creek project, initiating the construction of new ISR facilities near its Rosita site.
en_1140290945540

EOG Resources acquires Encino for $5.6bn and strengthens its Utica footprint

EOG Resources finalises a $5.6bn acquisition of 675,000 net acres from Encino Acquisition Partners, consolidating its strategic position in the Utica formation and increasing its dividend by 5 %.
Washington cancels $3.7bn in federal subsidies for carbon capture
The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.
en_1140290947540
Washington cancels $3.7bn in federal subsidies for carbon capture
The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.
en_1140290947540
U.S. Carbon Black Market: Growing Uncertainty Amid Industrial Tensions
In the United States, the carbon black market faces unprecedented fluctuations in the first half of 2025, driven by declining industrial demand and persistent raw material volatility, casting doubts over the sector's future stability.
en_1140290948540
U.S. Carbon Black Market: Growing Uncertainty Amid Industrial Tensions
In the United States, the carbon black market faces unprecedented fluctuations in the first half of 2025, driven by declining industrial demand and persistent raw material volatility, casting doubts over the sector's future stability.
en_1140290948540
Natural gas demand for power generation drops in the United States in May 2025
In May 2025, natural gas demand for electricity generation in the United States declined, influenced by cooler weather conditions and a significant increase in solar generation.
en_1140290952540
Natural gas demand for power generation drops in the United States in May 2025
In May 2025, natural gas demand for electricity generation in the United States declined, influenced by cooler weather conditions and a significant increase in solar generation.
en_1140290952540

Waga Energy launches biomethane unit on Vancouver Island with FortisBC

Waga Energy has commissioned a biomethane facility in British Columbia, in partnership with FortisBC and Capital Regional District, marking the first unit of its kind on Vancouver Island.
Scatec secures 123 MW battery storage contract in South Africa
The Norwegian group has been named preferred bidder for a 492 MWh storage project under South Africa’s public BESIPPPP programme.
en_1140290950540
Scatec secures 123 MW battery storage contract in South Africa
The Norwegian group has been named preferred bidder for a 492 MWh storage project under South Africa’s public BESIPPPP programme.
en_1140290950540
Aker Solutions secures 2 GW contract for BalWin2 in Germany
Aker Solutions will deliver the steel structure for an HVDC converter station for the offshore BalWin2 project developed by Amprion Offshore, under a contract valued at up to NOK2.5bn ($228mn).
en_1140290949540
Aker Solutions secures 2 GW contract for BalWin2 in Germany
Aker Solutions will deliver the steel structure for an HVDC converter station for the offshore BalWin2 project developed by Amprion Offshore, under a contract valued at up to NOK2.5bn ($228mn).
en_1140290949540
Syria signs $7bn energy deal with foreign partners
Syria has signed a $7bn agreement with a consortium of companies from Qatar, Turkey and the United States to rebuild its national power sector.
en_1140290953540
Syria signs $7bn energy deal with foreign partners
Syria has signed a $7bn agreement with a consortium of companies from Qatar, Turkey and the United States to rebuild its national power sector.
en_1140290953540

EU and UK carbon prices stall pending regulatory clarification

European and UK carbon markets paused this week as participants await clarity on future integration of both emissions trading systems.
Sweden enforces tighter controls on Russian ships in the Baltic Sea
The Swedish government will implement new disclosure rules for foreign vessels, specifically targeting tankers linked to Russia’s hard-to-trace oil fleet.
en_1140290961540
Sweden enforces tighter controls on Russian ships in the Baltic Sea
The Swedish government will implement new disclosure rules for foreign vessels, specifically targeting tankers linked to Russia’s hard-to-trace oil fleet.
en_1140290961540
Iran targeted by resolution plan after secret nuclear activities revealed
The International Atomic Energy Agency revealed that Iran conducted undeclared nuclear activities at three sites, which could lead to a non-compliance resolution by mid-June.
en_1140290960540
Iran targeted by resolution plan after secret nuclear activities revealed
The International Atomic Energy Agency revealed that Iran conducted undeclared nuclear activities at three sites, which could lead to a non-compliance resolution by mid-June.
en_1140290960540
Arctech to deliver 175 MW of solar trackers for hydrogen project in Oman
Chinese supplier Arctech will equip a green hydrogen project in Duqm with 175 MWp of solar trackers, marking a milestone in the industrial energy development of Oman’s coastal region.
en_1140290955540
Arctech to deliver 175 MW of solar trackers for hydrogen project in Oman
Chinese supplier Arctech will equip a green hydrogen project in Duqm with 175 MWp of solar trackers, marking a milestone in the industrial energy development of Oman’s coastal region.
en_1140290955540

Australia falling behind in low-carbon hydrogen despite recognised global potential

With 80% of its projects still in early stages, Australia struggles to realise its hydrogen ambitions, according to Wood Mackenzie, which warns of lost competitiveness against Europe and the Middle East.
TotalEnergies and RGE secure key licence to export 1 GW of electricity to Singapore
Singa Renewables receives Singaporean approval to import Indonesian solar electricity, marking a strategic step forward in a regional project led by TotalEnergies and RGE.
en_1140290958540
TotalEnergies and RGE secure key licence to export 1 GW of electricity to Singapore
Singa Renewables receives Singaporean approval to import Indonesian solar electricity, marking a strategic step forward in a regional project led by TotalEnergies and RGE.
en_1140290958540
Waaree secures 586 MW solar deal in the US worth $176mn
Indian manufacturer Waaree has signed a $176mn solar module supply agreement with a US-based independent power producer, marking a key step in its industrial presence in the United States.
en_1140290957540
Waaree secures 586 MW solar deal in the US worth $176mn
Indian manufacturer Waaree has signed a $176mn solar module supply agreement with a US-based independent power producer, marking a key step in its industrial presence in the United States.
en_1140290957540
REPT BATTERO to deliver 2.5GWh of storage systems to Hyosung Heavy Industries
The agreement signed in Seoul between REPT BATTERO and Hyosung Heavy Industries provides for the supply of 2.5GWh of energy storage systems aimed at strengthening their joint position in the global market.
en_1140290956540
REPT BATTERO to deliver 2.5GWh of storage systems to Hyosung Heavy Industries
The agreement signed in Seoul between REPT BATTERO and Hyosung Heavy Industries provides for the supply of 2.5GWh of energy storage systems aimed at strengthening their joint position in the global market.
en_1140290956540

Siemens and RIC Energy join forces to develop synthetic fuels in Spain

RIC Energy and Siemens have signed an agreement to develop industrial projects in Spain focused on renewable hydrogen, green ammonia and e-fuels, including technical solutions and financing mechanisms.
Verdagy and Mainspring to install hydrogen-powered generator in Moss Landing
Verdagy will supply hydrogen to Mainspring Energy to power a linear plant in Moss Landing, with operations expected to begin by summer 2025.
en_1140290943540-19
Verdagy and Mainspring to install hydrogen-powered generator in Moss Landing
Verdagy will supply hydrogen to Mainspring Energy to power a linear plant in Moss Landing, with operations expected to begin by summer 2025.
en_1140290943540-19
Solveo Energies deploys dynamic agrivoltaic system on apricot orchard
Solveo Energies has inaugurated an experimental agrivoltaic system in the Pyrénées-Orientales, combining solar power production and crop protection on a farm facing drought conditions.
en_1140290960540-15
Solveo Energies deploys dynamic agrivoltaic system on apricot orchard
Solveo Energies has inaugurated an experimental agrivoltaic system in the Pyrénées-Orientales, combining solar power production and crop protection on a farm facing drought conditions.
en_1140290960540-15
European Energy launches e-methanol production and posts strong results
European Energy has begun commercial e-methanol production in Denmark and reported an EBITDA of €45.9mn, while accelerating its international expansion, particularly in Australia.
en_1140290959540-16
European Energy launches e-methanol production and posts strong results
European Energy has begun commercial e-methanol production in Denmark and reported an EBITDA of €45.9mn, while accelerating its international expansion, particularly in Australia.
en_1140290959540-16

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS