Oil and gas contractor McDermott has started a restructuring package amid concerns over its financial health.
McDermott International’s CB&I Storage Solutions will provide the engineering, procurement and construction (EPC) work for a second storage tank at Atlantic Gulf and Pacific Company’s (AG&P’s) liquefied natural gas (LNG) import and regasification terminal in the Philippines.
Total E&P Uganda has signed conditional letters of award for surface facilities and drilling packages under its Tilenga project, in western Uganda.
McDermott International’s CB&I Storage Solutions will provide the engineering, procurement and construction work for storage tanks at Atlantic Gulf and Pacific Company’s (AG&P’s) liquefied natural gas (LNG) import and regasification terminal in the Philippines.
Theresa May's plans to curb immigration after Brexit could result in businesses collapsing and jobs being lost, the head of the CBI warned.
A merger deal between McDermott International and Chicago Bridge and Iron (CB&I) has been approved by shareholders, thwarting attempts by Subsea 7 to block it.
US engineering firm McDermott International has urged its shareholders to vote in favour of its takover of CB&I.
Houston energy engineering and construction companies McDermott International and CB&I are combining into a company with a $4 billion Wall Street value and an emphasis on both onshore and offshore projects.
Theresa May faced a backlash from business leaders after announcing plans to put a price cap on “rip-off” bills.
Scottish business is enjoying its longest run of expansion in nearly two-and-a-half years but Brexit is casting a dark shadow over future prospects, new studies show.
Manufacturers are having a “flat” start to the year, with only limited signs of a recovery in exports, new research has shown. The CBI said production and orders showed signs of stabilising in the last three months, but business optimism has fallen.
Economic growth picked up in the final quarter of 2015 despite continuing problems for manufacturers, a new study has shown.
The Government risks sending a “worrying signal” to businesses by rolling back on policies to support clean technology, business leaders have warned.
Improved North Sea oil and gas production helped the UK economy grow in the three months to July, but the strength of the pound remained a drag on exporters, according to a survey.