342 results found for 'CB&I'

342 results found for 'CB&I'
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  • McDermott-CB&I $6B merger complete

    11 May 2018
    Business & Finance

    Offshore engineering, construction, and installation company McDermott International has expanded its capabilities, becoming an onshore-offshore EPCI specialist, as it closed the acquisition of CB&I on Thursday. The new company, described as the “premier, fully integrated provider of technology, engineering and construction solutions for the energy industry” will continue under the name McDermott. “This is an exciting […]

  • CB&I Makes Executive Management Changes

    12 December 2013

    CB&I announced its supervisory board of directors has approved two executive management appointments. Patrick K. Mullen has been named Executive Vice President and Operating Group President of Engineering, Construction and Maintenance. He will have responsibility for the group’s project operations, sales and support functions around the world, in addition to working with the executive team […]

  • 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 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 […]

  • 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 […]

  • 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.

  • 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 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 […]

  • 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. 

  • 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 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 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 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 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 […]

  • 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 […]

  • 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 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 […]

  • 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 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 […]

  • CB&I bids farewell to Chief Operating Officer

    4 July 2014
    Business & Finance

    CB&I has announced Lasse Petterson, who announced his retirement in December 2013 as Executive Vice President and Chief Operating Officer, has fulfilled his remaining obligations to the Company effective June 5, 2014.   “The Company would like to thank Lasse for his contributions during his nearly five years of service, especially in the LNG and oil […]

  • CB&I post $107 mln Q1 profit

    21 April 2016

    The LNG engineer Chicago Bridge & Iron posted a US$107 million profit for the first quarter of 2016, a 19.1 percent drop compared to a $132.2 million profit during the same quarter in 2015.