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.

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