Técnicas Reunidas

In the World 7th February 2025

Técnicas Reunidas closes $3.394 billion contract in UAE with Abu Dhabi National Oil Company

Bankinter | Técnicas Reunidas has informed the National Securities Market Commission (CNMV) that it has been awarded a contract in the United Arab Emirates for a total amount of $3.394 billion. Specifically, it will develop oil exploration and production facilities for Abu Dhabi National Oil Company (Adnoc). The project is estimated to last five years and is a turnkey deal. Opinion of the analysis team: Positive news. The contract is…

In the World 28th November 2024

Técnicas Reunidas and Sinopec resume Hassi Messaoud refinery project in Algeria with new contract worth $4,000m

Renta 4: The company has informed the CNMV of the relaunch of the Hassi Messaoud refinery project in Algeria. It should be recalled that this contract was awarded at the end of 2019 to Técnicas Reunidas (55%) in consortium with Samsung (45%) for an amount of $3.7 billion, $2 billion for Técnicas Reunidas. The new contract amounts to $4 billion and will be carried out by a new joint venture…

World economy 3rd September 2024

Técnicas Reunidas aims to build new gas conversion plant in Kazakhstan for an estimated €2.7 billion

Alphavalue / Divacons | The Spanish oil services company is in advanced talks to build a new gas development project in Kazakhstan, one of the world’s largest oil and gas producers, with an investment budget of up to $3 billion (around €2.7 billion), reports Expansión. According to energy sources, state-owned KazMunayGaz (KMG) is negotiating the contract with the Spanish company as part of a programme to modernise the Tengiz oil…

Companies, Relevant News Item 20th August 2024

Técnicas Reunidas successfully develops technologies with critical raw materials and rare earths

Link Securities | Técnicas Reunidas (TRE) has announced that it has successfully developed proprietary technologies in two areas that are currently of great strategic and geopolitical importance: critical raw materials and rare earths, according to the Bolsamanía portal. In addition, TRE has other proprietary technological developments in fields that are fundamental to the energy transition, such as carbon capture, green hydrogen production, the circular economy and biorefining. The company carries…

World economy 26th January 2024

Técnicas Reunidas opens offices in USA to invest €55 billion in decarbonisation technologies by 2030

Singular Bank | The Spanish multinational engineering and infrastructure construction company for the oil and gas sector has opened offices in the US. In doing so, it hopes to address the current need to increase green energy and will invest around €55 billion in decarbonisation technologies, hydrogen, biofuels and carbon capture by 2030. It has also confirmed that thanks to its alliance with the Chinese oil company Sinopec, it has…

In Europe 22nd November 2023

Técnicas Reunidas wins contract to design and execute decarbonisation at three ArcelorMittal plants

Bankinter | ArcelorMittal is to renovate its plants in Dunkirk, Ghent and Bremen. The budget amounts to €2,000M. Técnicas Reunidas will carry out the design and execution of the projects. This order is part of ArcelorMittal’s objective to decarbonise its plants by 2050, for which it plans to invest €75 billion. Assessment: Positive news because it allows it to increase its presence in a high-growth segment such as decarbonisation (it…

In the World 22nd September 2023

Técnicas Reunidas reaches agreement for green hydrogen project in Australia

Renta 4 | Técnicas Reunidas (TRE) has announced that it has reached an agreement with the Australian company, Allied Green Ammonia, to begin the basic engineering and design phases of a hydrogen and green ammonia production facility. If financing for this project of around $8.5 billion is secured, the detailed engineering and construction phases of the plant will begin and the plant will come on stream in 2028. Assessment: Positive…

Companies, Relevant News Item 24th August 2023

Técnicas Reunidas closes in on 2023 contracting target with award of €520m project for QatarEnergy

Renta 4| The company has informed the CNMV that QatarEnergy has awarded it the additional engineering, procurement and construction (EPX) works for the off-plot Liquefied Natural Gas (LNG) facilities of the North Field South project. The contract is worth $560 million (€520 million), the fourth contract awarded by QatarEnergy to Técnicas Reunidas in the last 24 months. Assessment: Positive impact on the share price given the amount of the contract,…

Companies, Relevant News Item 10th August 2023

Técnicas Reunidas awarded contract in UAE potentially worth €1,636 million

Renta 4| The gas division of the state-owned oil company Abu Dhabi National Oil Company (Adnoc Gas) has reportedly awarded the Joint Venture formed by National Petroleum Construction Co. and Técnicas Reunidas (TRE) a contract worth up to $3.6 billion to expand its gas processing infrastructures in the UAE. Specifically, the contract calls for the construction of new gas processing facilities to optimise supply to the Ruwais industrial complex. The…

Tecnicas Reunidas announce new tenders at the end of 2018

Relevant News Item 22nd May 2023

Técnicas Reunidas to develop world’s first zero-emission nitrogen fertiliser plant in USA with American company Atlas Agro

Técnicas Reunidas has signed a contract with green fertiliser company Atlas Agro to develop a zero-carbon fertiliser plant, Pacific Green Fertilizer (PGF), in the northwest of the US, near Richland, a city in Benton County (Washington), as reported yesterday by CapitalBolsa.com. Técnicas Reunidas and Atlas Agro have already worked together in the previous phase, the Feasibility Phase of the PGF Plant. The current contract includes the execution of the FEED,…

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