LNG

May 22 (LNGJ) - Technip, the leading LNG engineering company, said it was acquiring Stone & Webster process technologies and its associated oil and gas engineering capabilities from The Shaw Group of the US. The Paris-based company said it was paying around 225 million euros ($285M) in cash for the acquisition. The business operates from five main locations with a particularly strong presence in the US (Houston, Texas, along with Cambridge and Weymouth, Massachusetts), in the UK (Milton Keynes) and in India (Mumbai). Technip said it was adding skill resources, notably in research in the US, and in engineering in the US, the UK and India.