339 results found for 'CB&I'

339 results found for 'CB&I'
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  • CB&I, Chiyoda to Build LNG Export Facilities in North America

    14 January 2014
    Project & Tenders

    CB&I said on Monday it has signed a cooperation agreement with Chiyoda Corporation to design and build liquefied natural gas (LNG) export facilities in North America. CB&I has a successful relationship with Chiyoda working jointly on LNG projects in Australia, Russia and East Africa. This agreement extends the companies’ relationship to include North American LNG […]

  • USA: CB&I Q3 Net Income at USD 72.2 Million

    26 October 2011

    CB&I reported net income of $72.2 million, or $0.72 per diluted share, for the third quarter of 2011. Revenue for the quarter was $1.3 billion. New awards for the third quarter exceeded $3.8 billion, including a $2.3 billion contract in Australia for the mechanical, electrical and instrumentation work on the Gorgon project; a $500 million […]

  • Subsea 7 Withdraws as McDermott and CB&I Get Merger Nod

    3 May 2018
    Business & Finance, Operations & Maintenance

    McDermott International and CB&I have received the necessary stockholder approvals to complete the proposed business combination. Following the approval of the combination of the two companies, Subsea 7, who made an offer to acquire McDermott, has withdrawn its proposal. Subsea 7’s proposal was a subject to the termination of McDermott’s transaction with CB&I, which McDermott […]

  • CB&I to Supply Vessels for Canadian Oil Sands Expansion Project

    16 July 2006

    CB&I (NYSE: CBI) has been awarded a contract by Suncor Energy Services Inc. to engineer and construct process vessels for a proposed expansion of its oil sands upgrading capacity. The award is valued in excess of US$65 million. CB&I’s scope of work for the project includes the detail design, fabrication and on-site assembly of four […]

  • CB&I Announces Successful Start-up and Operation of Peru LNG

    22 June 2010
    Project & Tenders

    CB&I announced today that PERU LNG has successfully produced its first cargo of LNG. CB&I is the engineering, procurement and construction contractor for the full scope of the project, the first LNG liquefaction plant in South America. Hunt Oil Company is the owner and operator of PERU LNG, partnering with SK Energy of South Korea, […]

  • USA: CB&I Reports Net Income of USD 61.9 Million

    22 July 2011
    Business & Finance

    CB&I today reported net income of $61.9 million, or $0.62 per diluted share, for the second quarter of 2011. Revenue for the quarter was $1.1 billion. New awards for the second quarter totaled $1.2 billion, including a gas processing plant in the northeastern U.S., an engineering contract for an offshore platform in the North Sea, […]

  • CB&I, Chiyoda and Saipem Win Arrow LNG Contract (Australia)

    16 August 2011
    Project & Tenders

    CB&I announced that it has been awarded, through its joint venture with Chiyoda Corporation and Saipem S.p.A., the Preparation and Supply of the Project Specification contract for the Arrow LNG Plant Project in Australia. Arrow Energy Pty Ltd., the project operator, is a 50/50 joint venture partnered by Royal Dutch Shell and PetroChina. The project, […]

  • CB&I Q1 Net Income at USD 33.6 Mln, USA

    3 May 2013

    CB&I reported net income for the first quarter of $33.6 million or $0.32 per diluted share, including the after tax impact of acquisition-related costs of $51.2 million, or $0.50 per diluted share. Revenue for the first quarter of 2013 was $2.3 billion with new awards of $1.9 billion resulting in a backlog of $25.5 billion.  […]

  • USA: CB&I Reports Net Income of USD 61.9 Million

    22 July 2011

      CB&I today reported net income of $61.9 million, or $0.62 per diluted share, for the second quarter of 2011. Revenue for the quarter was $1.1 billion. New awards for the second quarter totaled $1.2 billion, including a gas processing plant in the northeastern U.S., an engineering contract for an offshore platform in the North […]

  • CB&I Bags $250 Million Mariner Topsides Design Contract

    10 January 2013

    CB&I has been awarded a project valued in excess of US$250 million by Daewoo Ship building & Marine Engineering Co, Ltd. (DSME).  CB&I’s scope of work, which will commence in the first quarter, includes detailed engineering design services for the Mariner Topsides project that is part of the Mariner oil field development project being operated […]

  • CB&I 2Q Net Income at USD 72.3 Mln (USA)

    25 July 2012

    CB&I reported net income of $72.3 million for the second quarter of 2012, compared with $61.9 millio in the second quarter of 2011. Revenue for the quarter was $1.3 billion versus $1.1 billion in the comparable period. New awards totaled $1.8 billion compared with $1.2 billion, increasing the company’s backlog to over $10.0 billion. During […]

  • McDermott completes east Malaysia deepwater project ahead of schedule

    5 February 2025
    Business Developments & Projects, Collaboration, Operations & Maintenance, Outlook & Strategy, Project & Tenders

    U.S.-headquartered offshore engineering and construction player McDermott has completed offshore installation and commissioning activities for a project offshore East Malaysia ahead of schedule. The contract, awarded by PTTEP Sabah Oil (PTTEP) in early 2024, involved deepwater work at approximately 1,400 meters. According to McDermott, the scope of work for the Kikeh subsea gas lift project […]

  • Australia: CB&I Wins USD 2.3 Billion Gorgon Project Contract

    14 July 2011
    Project & Tenders, Research & Development

    CB&I announced today that Chevron Australia Pty Ltd has awarded CB&I a contract for the mechanical, electrical and instrumentation work on the Gorgon Project on Barrow Island, Western Australia. The contract has an estimated value of US$2.3 billion and is scheduled to be completed in 2015. The contract work scope includes the structural, mechanical, piping, […]

  • McDermott and CB&I part ways as storage business starts its ‘exciting’ standalone game

    9 December 2024
    Business & Finance, Business Developments & Projects

    McDermott has wrapped up the sale of its storage business to a consortium of financial investors, led by Mason Capital Management. This enables CB&I to begin anew as an independent company with no funded debt.

  • New structure, leadership team revealed for McDermott-CB&I combined company

    13 March 2018
    Business & Finance

    McDermott and 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.

  • CB&I Reports 2010 Fourth Quarter and Year-End Results (USA)

    23 February 2011

      CB&I today reported net income for the fourth quarter of $63.2 million or $0.63 per diluted share, versus $41.2 million or $0.41 per diluted share in 2009. Revenue for the quarter was $947.9 million with new awards of $992.0 million. For the full-year, net income was $204.6 million, or $2.04 per diluted share, exceeding […]

  • CB&I, Chiyoda Nab USD 6 Bln Cameron LNG Contract

    18 March 2014
    Project & Tenders

    CB&I and Chiyoda Corporation said that the joint venture between CB&I and Chiyoda International Corporation, a U.S. based wholly-owned subsidiary of Chiyoda, has been awarded a contract valued at approximately $6 billion by Cameron LNG to construct the Cameron Liquefaction Project in Hackberry, La. The scope of work includes engineering, procurement and construction for the […]

  • CB&I, Foster Wheeler Score Russian Far East LNG Contract

    27 September 2013
    Project & Tenders

      Rosneft and ExxonMobil selected CB&I UK and Foster Wheeler Energy as contractors for initial phase front end engineering and design (FEED) for a proposed Russian Far East liquefied natural gas project. ­Rosneft and ExxonMobil intend to finalize project design by the end of 2014, including front-end engineering and design documentation for the LNG plant, […]

  • CB&I Awarded Feed Contract for Shtokman LNG Export Terminal Project (Russia)

    16 November 2010
    Project & Tenders

    CB&I announced today that CB&I Lummus has been awarded a contract for the front-end engineering & design (FEED) services for the Shtokman LNG storage and loading facility at the sea port in Terriberka in the Murmansk region of the Russian Federation. The sea port is part of the Shtokman Gas-Condensate Field Development Project developed by […]

  • CB&I’s net loss grows in Q4, expects several LNG FIDs this year

    21 February 2018

    LNG engineer Chicago Bridge & Iron (CB&I) reported a net loss of $1.1 billion in the fourth quarter as compared to a net loss of $665.7 million the year before. On a per-share basis, CB&I posted fourth-quarter net loss of $10.52 per diluted share compared to a net loss of $6.65 per diluted share, in […]

  • USA: Freeport LNG, Zachry/CB&I JV Ink FEED Contract for Liquefaction

    16 February 2012
    Project & Tenders

    Freeport LNG and a joint venture comprised of Zachry Industrial and CB&I entered into a Front-End Engineering and Design Contract for the engineering and design of the Freeport Liquefaction Project near Freeport, Texas. Under the FEED Contract, the Zachry/CB&I Joint Venture will engineer and design three LNG liquefaction trains (each rated at 4.4 million tons […]

  • Russia: CB&I Awarded FEED Contract for Shtokman LNG Export Terminal Project

    17 November 2010
    Business & Finance

    CB&I announced that CB&I Lummus has been awarded a contract for the front-end engineering & design (FEED) services for the Shtokman LNG storage and loading facility at the sea port in Terriberka in the Murmansk region of the Russian Federation. The sea port is part of the Shtokman Gas-Condensate Field Development Project developed by Gazprom […]

  • McDermott, CB&I find ways to save $250 million as merger vote approaches

    12 April 2018
    Business & Finance

    McDermott and CB&I have found ways to save $250 million ahead of its pending merger, including eliminating the perks and reducing board of directors costs.

  • CB&I Receives USD 500 Million Order for Construction LNG Tanks in Asia Pacific Region

    21 July 2011

    CB&I  announced today that it has been awarded a contract, valued in excess of US$500 million, for the engineering, fabrication and construction of two 160,000 cubic meter LNG storage tanks, as well as additional work for a confidential LNG liquefaction project in the Asia Pacific region. CB&I’s contract is expected to be completed in 2015. […]

  • CB&I Lands USD 150 million Worth Contract for Engineering of Platforms for Golden Eagle Field, UK

    26 May 2011
    Business & Finance

      CB&I announced today that it has been awarded a contract valued at approximately $150 million by Nexen Petroleum U.K. Limited for the detailed engineering of two fixed platforms for the Golden Eagle field in the U.K. sector of the North Sea. CB&I’s scope of work includes detailed engineering design for the topsides facilities of […]