Surprising news in the otherwise moribund offshore sector was contained in today’s earnings report from Technip
The French offshore services firm, which saw net income grow 12.4% year-on-year to EUR184m in the third quarter, noted that in the subsea sector it was seeing “pockets of growing demand”, for example greenfield in the North Sea, and sustained interest for long tiebacks and field extensions.
On the back of this, Technip has, unlike almost every other offshore-related firm in the world, decided to raise its full year financial forecast.
