Watch Live

Tweet TWEET

Technip Isn’t Seeing Significant Cost Inflation, CEO Says

Technip SA (TEC) Chief Executive Officer Thierry Pilenko said the oil-services company isn’t seeing signs of significant cost inflation for energy projects.

“There are no major changes,” in the cost of supplies, he said on a conference call, adding that most markets are also “under control” for salaries, although there is some pressure in Brazil and the U.K.

Economic uncertainty within the OECD may be keeping prices down, he said.

To contact the editor responsible for this story: Tara Patel at tpatel2@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.