Technip Energies (T.EN) presented itself as a services provider that can thrive in the energy transition. The company’s abilities are indeed above those a conventional oil & gas services company, giving T.EN an edge but without isolating it from the inherent cyclicality of large energy investments. As an illustration, the company scored the only LNG project sanctioned in 2020. However, the backlog is large enough to support a decent dividend distribution, once project execution improves.
29 Jan 2021
Spin-off: from oil&gas to an energy specialist
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Spin-off: from oil&gas to an energy specialist
- Published:
29 Jan 2021 -
Author:
Kevin VO -
Pages:
3
Technip Energies (T.EN) presented itself as a services provider that can thrive in the energy transition. The company’s abilities are indeed above those a conventional oil & gas services company, giving T.EN an edge but without isolating it from the inherent cyclicality of large energy investments. As an illustration, the company scored the only LNG project sanctioned in 2020. However, the backlog is large enough to support a decent dividend distribution, once project execution improves.