Technip Energies Bags Aramco Contract, Supports Saudi Arabia's Dream Of Low-Carbon Future
Portfolio Pulse from Lekha Gupta
Technip Energies NV has won a project management consultancy contract from Aramco for the master plan of the New Industrial City of Ras Al Khair region. The contract includes studies on the execution of the Liquid-to-Chemical Program to transform a significant part of its oil and gas production into valuable chemical products. The news led to a 1.77% increase in THNPF shares.
July 05, 2023 | 10:42 am
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POSITIVE IMPACT
Technip Energies NV's stock (THNPF) increased by 1.77% following the announcement of a major contract win from Aramco.
The contract win from Aramco is a significant development for Technip Energies NV. This news is likely to be viewed positively by investors, leading to increased demand for the company's shares and a subsequent rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Technip Energies NV's stock (THNPY) is also likely to be positively impacted by the contract win from Aramco.
As THNPY is another stock symbol for Technip Energies NV, it is likely to be positively impacted by the contract win from Aramco. This news is likely to be viewed positively by investors, leading to increased demand for the company's shares and a subsequent rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100