Technip SA history, profile and corporate video

 Technip SA engages in the fields of project management, engineering and construction for the energy industry, which offers comprehensive portfolio of innovative solutions and technologies. It provides services for basic and detail engineering, procurement, construction and project management. The company operates through three business segments: Subsea, Offshore/Onshore and Corporate. The Subsea segment’s operations include the design, manufacture and installation of rigid and flexible subsea pipelines and umbilicals, which offer a wide range of innovative subsea pipe technologies and solutions, and holds industrial and operational assets. This segment also engages in subsea field development, subsea maintenance, subsea transportation and control systems, flexible drilling and service products. The Offshore/Onshore segment includes the entire engineering and construction business for petrochemical and refining plants as well as facilities for developing onshore oil and gas fields. It also includes the renewable energies and the engineering and construction of non-petroleum facilities as well as the design and construction of fixed or floating facilities and surface installations. The Corporate segment includes holding company activities and central services rendered to Group subsidiaries, including Information Technology (IT) services and reinsurance activities. The company was founded on April 21, 1958 and is headquartered in Paris, France.“

“Major Milestones in Technip’s History

1958
Technip, an engineering company, is established in Paris with a workforce of 100 people.

1960s
First series of successes abroad with the completion of projects in Africa and Asia.

1970s
Technip establishes an office in Rome, making it an international company. 
Technip Geoproduction, a subsidiary specialized in the equipment of hydrocarbon fields, is established. 
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.

1980s
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.

1990s
The Technip share is listed on the Paris Stock Exchange and the Coflexip share is listed on the New York Stock Exchange. 
Technip becomes one of the world’s leading engineering groups 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. Coflexip establishes a presence in Australia and acquires the Norwegian company Stena Offshore.

2000s
Technip merges with Coflexip, which has just acquired Aker Maritime’s Deepwater Division. The unified group is now one of the top five companies worldwide in engineering, technologies and services for the energy industry. Many major contracts are signed, notably in the Middle East in the liquefied natural gas (LNG), ethylene and refining sectors. 
The Technip share is included in the CAC40, the benchmark index on the Paris stock exchange in September 2009.

2010’s
In 2010 three major assets come into operation:

• The Technip fleet expands to 17 vessels with the addition of the Apache II, one of the most advanced pipelay vessels in the industry, and the Skandi Vitoria, a Brazilian-flagged vessel dedicated to the pre-salt market.
• Asiaflex Products, the Group’s third flexible pipe production plant, located in Tanjung Langsat, Malaysia is inaugurated.

2011
Technip acquires Global Industries and substantially expands its addressable market in subsea. Global Industries’ capabilities, offshore heavy lift know-how and assets along with Technip’s unique vertically integrated range of products and services enables an offer of substantial value in the execution of complex projects from deep-to-shore

2012
Technip acquired Stone & Webster Process Technologies and associated oil and gas engineering capabilities from the Shaw Group. Stone & Webster portfolio of technologies in ethylene, refining and petrochemicals is complementary to Technip’s business and will enable us to become a world-class downstream technology leader.”

*Information from Forbes.com and Technip.com

**Video published on YouTube by “ravi iyer“