Entity

Technip Energies is a leading global engineering and technology company specializing in energy infrastructure, energy transition, and decarbonization solutions. Headquartered in Nanterre, France, it operates worldwide and is listed on Euronext Paris. The company employs over 17,000 people across more than 30 countries and is recognized for its expertise in LNG, hydrogen, ethylene, refining, petrochemicals, and sustainable chemistry.

Historical Lineage

• Origins:
  Technip was founded in 1958 by the Institut français du pétrole (IFP) as Compagnie française d'études et de construction Technip.

• Growth:
  Through the decades, Technip expanded globally, acquiring companies with specialized technologies (e.g., KTI, Krebs, Speichim) and merging with Coflexip in the early 2000s, further strengthening its subsea and offshore capabilities.

• Merger and Spin-off:
  In 2017, Technip merged with FMC Technologies to form TechnipFMC.

• In 2021, Technip Energies was spun off as an independent, publicly listed company focused on engineering, procurement, and project management for the energy and chemicals sectors.

Acquisition of Stone & Webster

• Stone & Webster Background:
  Stone & Webster, founded in 1889, was a prominent American engineering company known for its process technologies in refining and petrochemicals. After bankruptcy in 2000, it was acquired by The Shaw Group.
   
• Technip’s Acquisition:
  In August 2012, Technip completed the acquisition of Stone & Webster’s process technologies and associated oil & gas engineering capabilities from The Shaw Group for approximately €225 million. This acquisition included:
  • Proprietary refining and petrochemical process technologies (including FCC/RFCC, ethylene, and others).
  • Engineering and research centers in the US, UK, and India.
  • A skilled workforce specializing in downstream technologies.
    ​​​​​​​
• Impact:
  The acquisition created a new business unit, Technip Stone & Webster Process Technology, within Technip’s Onshore/Offshore segment, substantially enhancing Technip’s position as a technology provider to the refining and petrochemicals industries.