Technip Energies N.V. (TE.PA), the French engineering and technology company, has been awarded a significant contract by Larsen & Toubro Ltd. (LT.NS) Energy Hydrocarbon for offshore work in the UAE.
The contract, awarded by Larsen & Toubro Energy Hydrocarbon, covers detailed engineering services for an ADNOC Offshore project located in the United Arab Emirates.
The deal is valued at between 50 million euros and 250 million euros in revenue, placing it firmly in the significant contract category.
Technip Energies recorded the award in the third quarter of 2026 within its Technology, Products & Services business segment.
The scope of the project includes engineering, procurement, construction, installation, and commissioning of new offshore facilities in the UAE.
In addition to new infrastructure, the contract also covers modifications and upgrades to existing offshore facilities already in operation.
Technip Energies stated that the contract strengthens its high-end engineering services business and builds on its long-standing collaboration with L&T.
The award signals continued momentum for Technip Energies in the Middle East energy sector, where demand for offshore development remains robust.
ADNOC Offshore, the Abu Dhabi National Oil Company’s offshore arm, has been expanding its production capacity through a series of infrastructure investments across the UAE.
Larsen & Toubro Energy Hydrocarbon is a major player in the delivery of large-scale energy infrastructure projects across the Middle East and broader international markets.
On Tuesday, Technip Energies closed trading 2.25% higher at EUR 29.96 on the Paris Stock Exchange, reflecting positive market sentiment around the company.
Larsen & Toubro (LT.NS) was trading 1.01% lower at INR 4,077.80 on the National Stock Exchange at the time of reporting.
The contract reinforces Technip Energies’ strategic positioning as a go-to partner for complex offshore engineering work across high-growth energy markets globally.
