McDermott to sell CB&I to Mason Capital-led consortium

Houston-based McDermott has entered into a deal to sell its CB&I storage business to a consortium of financial investors led by New York-based Mason Capital Management.

This story requires a subscription

Get 12 months of full digital access to LNG Prime for only $295 instead of $600.
This includes a single user license.
Check our FAQ for more info. For group subscriptions please contact us.

Most Popular

Excelerate buys GasLog LNG carrier

US FSRU player Excelerate Energy has purchased a 2007-built steam liquefied natural gas (LNG) carrier from GasLog Partners, a part of Greek LNG shipping firm GasLog, according to brokers.

Bangladesh receives boost from World Bank to buy LNG supplies

The World Bank has approved a project aimed at helping Bangladesh's state-owned company Petrobangla to secure liquefied natural gas (LNG) supplies.

Kimmeridge’s Commonwealth LNG gets FERC approval

Kimmeridge's Commonwealth LNG has received the Federal Energy Regulatory Commission’s final order upholding authorization for its planned 9.5 mtpa LNG export project near Cameron, Louisiana.

More News Like This

Canada’s Woodfibre LNG takes delivery of first modules

Canada’s Woodfibre LNG, a joint venture of Pacific Energy and Enbridge, has taken delivery of the first seven modules from China at the site of its LNG export facility near Squamish, British Columbia.

Canada’s Woodfibre LNG prepares for first module delivery

Canada’s Woodfibre LNG, a joint venture of Pacific Energy and Enbridge, is preparing for the first module delivery from China at the site of its LNG export facility near Squamish, British Columbia.

Canada’s Woodfibre LNG to start taking module deliveries in summer

Canada’s Woodfibre LNG, a joint venture of Pacific Energy and Enbridge, has almost completed the marine offloading facility at the site of its LNG export facility near Squamish, British Columbia, paving the way for the arrival of preassembled modules from China starting this summer.

CB&I bags contract to build Ruwais LNG tanks

CB&I said on Thursday it had been awarded a "substantial" lump sum contract by the TJN Ruwais JV, which...