Related Party Transactions

9 Months Ended

Sep. 30, 2019

RELATED PARTY TRANSACTIONS

Receivables, payables, revenues, and expenses which are included in our consolidated financial statements for all transactions with related parties, defined as entities related to our directors and main shareholders as well as the partners of our consolidated joint ventures, were as follows:

Trade receivables consisted of receivables due from following related parties:



(In millions)	September 30, 2019		December 31, 2018
TP JGC Coral France SNC	$	38.9	$	31.6
TTSJV WLL	27.4		—
Technip Odebrecht PLSV CV	11.3		10.9
Anadarko Petroleum Company	4.5		4.9
Others	11.2		14.3
Total trade receivables	$	93.3	$	61.7

TP JGC Coral France SNC, TTSJV W.L.L. and Technip Odebrecht PLSV CV are equity method affiliates.

A member of our Board of Directors (the “Director”) served on the Board of Directors of Anadarko Petroleum Company (“Anadarko”) until August 2019. In August 2019, Anadarko was acquired by Occidental Petroleum Corporation (“Occidental”). As a result, the Director no longer serves as a member of the Board of Directors of Anadarko. The Director is not an officer or director of Occidental.

Trade payables consisted of payables due to following related parties:



(In millions)	September 30, 2019		December 31, 2018
Chiyoda	$	25.3	$	70.0
JGC Corporation	15.0		69.5
IFP Energies nouvelles	1.2		2.4
Dofcon Navegacao	0.2		2.5
Anadarko Petroleum Company	0.1		0.7
Magma Global Limited	—		0.6
Others	5.0		2.9
Total trade payables	$	46.8	$	148.6

Dofcon Navegacao and Magma Global Limited are equity affiliates. JGC Corporation and Chiyoda are joint venture partners on our Yamal project. A member of our Board of Directors is an executive officer of IFP Energies nouvelles.

Additionally, our note receivables balance was $79.0 million and $130.0 million at September 30, 2019 and December 31, 2018, respectively. The balance includes $76.3 million and $119.9 million with Dofcon Brasil AS at September 30, 2019 and December 31, 2018, respectively. Dofcon Brasil AS is a variable interest entity and accounted for as an equity method affiliate. These are included in other noncurrent assets on our consolidated balance sheets.

Revenue consisted of amount from following related parties:



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2019		2018		2019		2018
TTSJV W.L.L.	$	27.9	$	—	$	107.4	$	—
TP JGC Coral France SNC	17.7		26.4		95.4		87.8
Anadarko Petroleum Company	26.3		33.6		67.1		109.1
Techdof Brasil AS	5.2		—		8.5		—
Dofcon Navegacao	1.4		—		7.1		—
JGC Corporation	0.4		—		6.4		—
Technip Odebrecht PLSV CV	2.1		—		6.1		—
Storengy	3.7		—		5.0		—
Altus Intervention	3.9		—		3.9		—
Others	3.7		12.8		11.6		28.7
Total revenue	$	92.3	$	72.8	$	318.5	$	225.6

Expenses consisted of amount to following related parties:



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2019		2018		2019		2018
Chiyoda	$	7.7	$	3.2	$	25.3	$	14.3
JGC Corporation	1.0		19.6		19.9		39.2
Serimax Holdings SAS	—		—		17.7		—
Arkema S.A.	6.4		—		16.2		—
Magma Global Limited	—		—		3.2		—
IFP Energy nouvelles	1.8		0.8		2.8		3.1
Creowave OY	2.0		—		2.0		—
Amaja Oil	1.9		—		1.9		—
Jumbo Shipping	—		—		1.8		—
Altus Intervention	1.4		—		1.4		—
Competentia	0.8		—		1.3		—
Others	6.8		6.5		14.1		10.2
Total expenses	$	29.8	$	30.1	$	107.6	$	66.8

Serimax Holdings SAS is an equity affiliate. Amaja Oil is a joint venture partner. We own a minority interest in a Creowave OY joint venture.

Members of our Board of Directors serve on the Board of Directors for Arkema S.A., Altus Intervention, Jumbo Shipping, Competentia, and Storengy.