Technip Energies has won a contract from Larsen & Toubro Energy Hydrocarbon to provide detailed engineering services for an ADNOC Offshore project in the United Arab Emirates. The contract, valued between €50 million and €250 million, was recorded in the third quarter of 2026. The project involves engineering, procurement, construction, installation and commissioning of new offshore facilities, along with modifications to existing infrastructure. Technip Energies will leverage its local engineering capabilities and offshore project experience in the Middle East. The award strengthens the long-standing partnership between Technip Energies and Larsen & Toubro across upstream, downstream and energy infrastructure projects globally. Loïc Chapuis, president of project delivery and services at Technip Energies, said the contract reflects trust in the company's engineering excellence and track record in complex offshore projects.

Technip Energies has signed a framework agreement with EDF to support the French utility's nuclear new build programme, focusing on the EPR2 reactor design. The partnership formalises Technip Energies' role in key nuclear infrastructure work and aims to establish long-term cooperation on future projects. The deal comes as Technip Energies faces profitability pressures. In the second quarter of 2026, the company reported sales of €2.04 billion, up from €1.77 billion year-on-year, whilst net income fell to €12.1 million from €86.7 million. First-half net income dropped to €96.6 million from €189.3 million. The agreement gives Technip Energies access to long-duration nuclear work less dependent on LNG and hydrocarbon projects. Shares closed at €29.46, down 20.1% over the past year.

Technip Energies reported €3.7 billion in revenue for the first half of 2026, stable year-over-year, but recurring EBITDA fell approximately one-third to €212 million due to operational challenges in the Middle East. The engineering firm achieved record order intake of €12.7 billion, driving backlog to an all-time high of €25 billion, up more than 50% year to date. Notably, 75% of new orders over the past 24 months came from outside the Middle East, demonstrating commercial diversification. Project delivery margins declined to 4.3%, down 350 basis points, impacted by conflict-related costs and provisions. The company lowered its full-year project delivery margin guidance to 5% plus whilst raising Technology, Products, and Services margin guidance by 50 basis points. Technip Energies maintained a robust balance sheet with gross cash of €4.8 billion and committed €300 million to shareholder returns through dividends and buybacks.