News: Technip (TECF.PA)

TECF.PA on Paris Stock Exchange

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Thu, Apr 23 2015

UPDATE 2-Technip sees onshore/offshore division lagging in 2015, better subsea

* Sees 2015 onshore/offshore operating profit at bottom of range

Technip Q1 EBITDA up; tweaks 2015 forecasts

PARIS, April 23 - French oil services provider Technip reported a 34.9 percent rise in first-quarter adjusted core profits on Thursday and tweaked its forecasts for 2015 as its subsea division was seen outperforming and its onshore/offshore unit lagging.

BRIEF-Technip and FMC Technologies to launch Forsys Subsea joint venture

* Announced on Sunday it signed an agreement with FMC Technologies Inc to form an exclusive alliance and to launch Forsys Subsea

BRIEF- SMT unit to deliver hotel booking system to Technip

* Reported on Thursday that its Paris-based unit, iAlbatros SAS, has signed a contract with Technip for about 30 million euros ($34.09 million)

UPDATE 3-Technip confident of staying in work despite oil price drop

* Share price rises by up to 5 pct (Adds comment by analysts in paragraphs 9,10 and comment by CEO in final two paragraphs)

CGG says no need for capital hike after fending off Technip

PARIS - French seismic surveys company CGG can endure low oil prices without having to raise capital, its chief executive told Le Figaro newspaper in an interview on Tuesday.

European shares sink as oil slump fuels deflation fears

* FTSEurofirst 300 ends down 2.4 pct, loses 8.2 pct in 6 days

UPDATE 1-Technip to push on with diversification plan after CGG talks fail

* Technip shares up more than 6 pct, CGG plunges over 30 pct (Adds acquisition of Zimmer Polymer Technologies, CFO comments)

European shares halt sell-off; CGG sinks 33 pct

* FTSEurofirst 300 up 0.2 pct after losing 5.9 pct last week

European shares led higher by oil stocks as crude recovers

* Rebound in copper, crude prices support resources stocks

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