Technip braces for 2014 lean period

France's Technip is bracing for "exceptionally low" operating margins for its subsea division in the first quarter of 2014 due to what it called "zero-margin" projects in the Gulf of Mexico and a start-up of the Acu port facility in Brazil.

Technip braces for 2014 lean period
Published 17 December 2013, 22:00Updated 11 October 2016, 13:23