Technip SWOT Analysis, Competitors, STP & USP

Technip

Technip

Oil Services and Equipment

Energy & Power

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Leader in project management with state of art industrial assets

Corporates, countries looking to fulfill energy services needs

Companies involved in petroleum and natural gas exploration

Company that provides superior operation performance with greater differentiation

Below are the Strengths in the SWOT Analysis of Technip:

1. Worldwide presence in 48 countries and 30,000+ employees
2.  State of art industrial assets
3. Good presence in all three business segments namely:- Subsea, Offshore and Onshore

4. Excelling commitment to sustainable development with lot of CSR activity
5. A fleet of approx 30 vessels in operation

Here are the weaknesses in the Technip SWOT Analysis:

1. Out of the three division onshore division has shown under performance

2. Stiff competition from international players and strong govt policies means restricted operations

Following are the Opportunities in Technip SWOT Analysis:

1.Developments in the middle east

2.More oil well discoveries

3. Growing demand for energy worldwide

4.Series of acquisition by the company

The threats in the SWOT Analysis of Technip are as mentioned:

1.High Competition from existing oil services companies globally

2.Economic instability and fluctuations worldwide

3. Issues caused by volatility in costs of input

Below are the top 3 Technip competitors:

1. ABB Ltd.

2. Aker Solutions ASA

3. Bechtel Group