Technip q2 revenue up 9 pct

LNG engineer Technip said its revenue in the second quarter of 2014 was at €2.6 billion, up by 9% as compared to the same period a year before.

Thierry Pilenko, Chairman and CEO of Technip, commented: “Technip’s second quarter was characterized by a substantial improvement in Subsea profitability, exceptionally strong order intake, and the start-up of the Yamal LNG project in Onshore/Offshore.

 “These elements enable us to improve the 2014 outlook for Subsea and give details on the expected level of operating profit in Onshore/Offshore for this year. Above all, our performance this year to date confirms the long-term visibility we have in critical parts of our business,”