Thursday, 24 April 2014

Technip soars after major contract awards

PARIS (Bloomberg) -- Technip SA rose to the highest level in almost six months after saying it has received major contracts from oil companies even as industry spending slows. “We have not yet seen a slowdown,” CEO Thierry Pilenko said on a conference call, citing recent orders in Angola, Brazil, Indonesia and the North Sea and expected future revenue from Yamal LNG in the Russian Arctic.


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