Technip Lifts 2015 Revenue Forecasts, Issues Bonds


PARIS, Jan 20 (Reuters) – French oil services company Technip's 2015 revenue at its subsea and onshore/offshore businesses would beat the forecasts it gave when it published third-quarter results on Oct. 29, it said on Wednesday.

The company had said at the time adjusted subsea revenue for 2015 was expected to be over 5.5 billion euros ($6.03 billion), while adjusted onshore/offshore revenue would be over 6 billion. This was an increase from earlier forecasts.

"Technip anticipates that the adjusted underlying OIFRA (adjusted operating income from recurring activities) for full-year 2015 in both its reporting segments will be in line and revenues in both segments higher as compared to the expectations set out with the group's third-quarter 2015 results," Technip said on Wednesday.

Technip also said it was launching a five-year bond to raise about 375 million euros partly to help finance the purchase of call options. ($1 = 0.9128 euros)

(Reporting by James Regan; editing by Susan Thomas)

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Rock Springs: Service Supervisor I to II - Cementing
Expertise: Cementing
Location: Rock Springs, WY
United States Alvarado: Service Leader - Frac/Acid
Expertise: Field Service Tech
Location: Alvarado, TX
United States Alvarado: Service Operator I/II- Service Specialist I - Frac/
Expertise: Field Service Tech|Fracturing
Location: Alvarado, TX
search for more jobs

Brent Crude Oil : $51.87/BBL 0.40%
Light Crude Oil : $47.64/BBL 0.56%
Natural Gas : $2.94/MMBtu 0.67%
Updated in last 24 hours