340 results found for 'CB&I'

340 results found for 'CB&I'
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  • CB&I swings to second quarter loss

    10 August 2017

    The LNG engineer Chicago Bridge & Iron  (CB&I) reported a net loss of $425 million for the second quarter of 2017, as compared to a profit of $123.8 million in the corresponding quarter last year.  Revenue was $1.3 billion in the second quarter of 2017, compared to revenue of $2.2 billion in the second quarter of 2016. CB&I recorded […]

  • McDermott-CB&I merger challenged by shareholder

    6 April 2018
    Business & Finance

    McDermott has once again urged its shareholders to vote “FOR” the proposal amid objections by one company which owns nearly 2% of McDermott. 

  • CB&I Welcomes Cameron LNG Approval

    23 June 2014

    CB&I applauds Cameron LNG, a subsidiary of Sempra Energy, for receiving authorization from the Federal Energy Regulatory Commission (FERC) to site, construct and operate a natural gas liquefaction and export facility at the site of the company’s LNG receipt terminal in Hackberry, La. The FERC permit is one of the last major regulatory approvals required to […]

  • McDermott, CB&I agree $6 bln combination

    19 December 2017

    Two engineering specialists McDermott and CB&I have agreed to combine in an all-stock transaction valued at $6 billion, to create an onshore-offshore engineering, procurement, construction and installation service company. 

  • CB&I Acquires 100% Interest in CDTECH (USA)

    3 January 2011

    CB&I announced that it has acquired Chemical Research and Licensing from CRI/Criterion, a subsidiary of Royal Dutch Shell plc. This acquisition gives CB&I, through its Lummus Technology business sector, a 100% interest in Catalytic Distillation Technologies (CDTECH). CDTECH develops and licenses advanced refining and petrochemical processes based on its proprietary catalytic distillation technology. Technologies developed […]

  • Proxy firm backs McDermott-CB&I merger

    18 April 2018
    Business & Finance

    As the clock ticks on McDermott and CB&I merger, another firm has decided to weigh in on the proposed plan. 

  • McDermott, CB&I merger gets shareholder support

    3 May 2018
    Business & Finance

    McDermott and CB&I have both received the necessary stockholder approvals to complete the proposed merger, McDermott said on Wednesday.

  • CB&I to supply modules for gas processing plant

    17 September 2014

    CB&I has been awarded a contract by Enable Products, part of Enable Midstream Partners, for the engineering and procurement of equipment and process modules for a new natural gas processing plant. The new plant will be located near Enable Midstream’s Bradley Processing Plant currently under construction in Grady County, Oklahoma. The facility will utilize the […]

  • Shareholders to vote on McDermott-CB&I merger in May

    30 March 2018
    Business & Finance

    Shareholders of both McDermott and CB&I will vote for the proposed merger of the two companies at special meetings scheduled to be held at their respective offices in May. 

  • CB&I Makes Two Management Appointments, USA

    14 February 2013

    CB&I announced two executive management appointments: Patrick K. Mullen, 48, has been promoted to the position of Executive Vice President, Corporate Development; Luke V. Scorsone, 57, has been promoted to the position of Executive Vice President and Group President of Fabrication Services. Mullen has more than 25 years of experience in strategic planning, sales, marketing, […]

  • CB&I names replacement for retiring president, CEO

    19 May 2017

    Chicago Bridge & Iron (CB&I) named Patrick Mullen as president and CEO following the retirement of Philip Asherman from his 12 years in the role of president, CEO and a member of the company’s board.

  • McDermott keeping the name following CB&I merger

    23 April 2018
    Business & Finance

    Following the closing of pending merger between McDermott and CB&I, the combined company intends to retain the name McDermott. 

  • CB&I 4Q Net Income Climbs (USA)

    28 February 2013

    CB&I reported net income for the fourth quarter of $89.6 million, or $0.91 per diluted share, versus $70.5 million or $0.70 per diluted share in the fourth quarter of 2011. Revenue for the quarter was $1.5 billion, with new awards of $2.9 billion. For the full-year, net income was $301.7 million, or $3.07 per diluted […]

  • CB&I reports drop in third-quarter profit

    31 October 2017

    LNG engineer Chicago Bridge & Iron (CB&I) reported net income of $10 million for the third quarter of 2017. 

  • CB&I Completes Shaw Group Acquisition (USA)

    14 February 2013

    CB&I said that it has completed the acquisition of The Shaw Group. CB&I and Shaw shareholders approved the transaction in December 2012. “We are extremely pleased that the transaction to acquire Shaw is officially complete and we thank the shareholders for their support,” said Philip K. Asherman, President and CEO of CB&I. “With the close […]

  • CB&I scores $625M Wheatstone project gig

    18 March 2014
    Business & Finance

    CB&I today announced it has been awarded a contract by Bechtel valued in excess of  $625 million (approximately A$690 million) to provide structural, mechanical and piping construction work for all outside battery limits modules and associated units for the Chevron-operated Wheatstone Project at Ashburton North in Western Australia. “CB&I is proud of its 75-year history […]

  • CB&I wins Tacoma LNG plant job

    29 November 2016
    Project & Tenders

    Chicago Bridge & Iron Company has been awarded a contract by Puget Sound Energy for a multi-purpose LNG storage and fueling terminal in Tacoma, Washington valued at over US$200 million.

  • CB&I Is Awarded Major LNG Facility in Texas

    31 July 2006

    CB&I (NYSE: CBI) has been awarded a contract by Golden Pass LNG Terminal LLC for the engineering, procurement, fabrication and construction of a liquefied natural gas (LNG) import terminal located near Sabine Pass, Texas. The award is valued in excess of US$1 billion. CB&I has complete responsibility for the terminal, which will have an import […]

  • McDermott, CB&I Agree Combined Company’s Name

    23 April 2018
    Business & Finance

    McDermott International and CB&I have informed that, following the closing of the combination of the two companies, the combined company intends to retain the name McDermott.  “The name McDermott provides a strong foundation for the combined company and a platform on which we can build our future together,” said David Dickson, McDermott president and CEO, who will […]

  • CB&I wins Rio Grande LNG work

    13 May 2015
    Project & Tenders

    CB&I said it has been awarded a contract by NextDecade for the front-end engineering and design (FEED) and engineering, procurement and construction terms related to the Rio Grande LNG export project in Brownsville, Texas.

  • CB&I Clinches LNG Tanks Contract in Asia

    18 March 2013
    Project & Tenders

    CB&I said that it has been awarded a contract valued in excess of US$180 million for the engineering, procurement, construction and commissioning work for LNG storage tanks on a project in Asia. Project completion is scheduled for 2015. CB&I is the most complete energy infrastructure focused company in the world and a major provider of […]

  • CB&I Net Profit at USD 454.1 Mln

    26 February 2014

    CB&I said its net income for 2013 was $454.1 million, or $4.23 per diluted share, including acquisition and integration related costs of $73.3 million, or $0.68 per diluted share. CB&I’s consolidated 2013 revenue was $11.1 billion, up from $5.5 billion in the prior year. New awards for 2013 totaled $12.3 billion, resulting in a backlog […]

  • McDermott, CB&I Chose Leadership for Combined Company

    13 March 2018
    Business & Finance

    McDermott International and Chicago Bridge & Iron Company (CB&I) have selected the executive leadership team and integrated organizational structure of the combined company, which will be effective upon the close of the transaction. As previously announced on December 18, 2017, McDermott and CB&I have agreed to combine in an all-stock transaction to create a vertically […]

  • USA: CB&I Q1 Net Income Climbs

    25 April 2012

    CB&I today reported net income of $59.5 million for the first quarter of 2012, compared with $50.5 million in the first quarter of 2011. Revenue for the quarter was $1.2 billion compared with first quarter 2011 revenue of $954.3 million. New awards totaled $1.7 billion compared with $1.0 billion in the first quarter 2011, increasing […]

  • CB&I Q1 Revenue Climbs 30 Pct

    24 April 2014

    CB&I reported adjusted net income for the first quarter of $94.4 million, excluding integration related costs of $8.1 million. First quarter GAAP net income was $89.0 million. Revenue for the first quarter was $2.9 billion, up from $2.3 billion, or 30 percent, over the comparable period. First quarter new awards totaled $5.8 billion, which resulted […]