Technip FMC

Technipfmc is a leading technology provider to the traditional and new energies industry; delivering fully integrated projects, products, and services.

In the beginning of 2021, Technip FMC announced that CTJV, a joint venture between Chiyoda Corporation (Chiyoda) and Technip Energies, has been awarded a major engineering, procurement, construction and commissioning (EPCC) contract by Qatar Petroleum for the onshore facilities of the North Field East Project (NFE).

As per the company, projects worth over$1billion are classified as major projects.

This award will cover the delivery of 4 mega trains, each with a capacity of 8 million tonnes per annum (Mtpa) of Liquefied Natural Gas (LNG), and associated utility facilities. It will include a large CO2 Carbon Capture and Sequestration facility, leading to more than 25% reduction of Green House Gas emissions when compared to similar LNG facilities.

The new facilities will receive approximately 6 billion standard cubic feet per day of feed gas from the Eastern sector of Qatar’s North Field, which is the largest non-associated gas field in the world. The expansion project will produce approximately 33 Mtpa of additional LNG, increasing Qatar’s total production from 77 to 110 Mtpa.

During the year, the company also announced the sale of 9 million Technip Energies N.V. shares through private sale transactions.

It also completed the acquisition of the outstanding shares of Magma Global (Magma), the leading provider of composite pipe technology to support the Energy Transition.

Last year, the company and the PETRONAS Technology Ventures Sdn Bhd (PTVSB), a subsidiary of PETRONAS, today entered into an agreement to commercialize a unique natural gas processing membrane which reduces greenhouse gas (GHG) emissions.

Through the technology commercialization agreement, Technipfmc will utilize and integrate the membrane technology licensed from PETRONAS as part of its production portfolio in projects worldwide, outside China.

The technology, which removes carbon dioxide and hydrogen sulphide by using wetted membranes, is 30 percent more efficient than existing gas treatment processes and can reduce GHG emissions by significant amounts. The membrane has potential applications in both offshore and onshore hydrocarbon production environments.

Has over 20,000 employees across 41 countries and reported revenue of $6.4 billion in 2021.