LNG

TechnipFMC reported an improving market in offshore oil and gas in its first full earnings statement since spinning off the LNG and project engineering unit Technic Energies to become a separate company.

TechnipFMC, the energy projects and subsea company, said its Technip Energies division had third-quarter revenues of $1.60 billion and benefited from the continued ramp-up of Novatek’s Arctic LNG II joint venture in Russia and gave updates on other projects.