McDermott wins Philippines LNG work

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.

Oil & Gas

McDermott ‘hires’ AlixPartners for turnaround advice

McDermott International Inc. hired restructuring firm AlixPartners for strategic and operational advice as the engineering company, which specializes in building energy infrastructure such as storage tanks and sub-sea pipelines, seeks to shore up its balance sheet, according to a person with knowledge of the matter.

Other News

TechnipFMC sues McDermott for trade secret theft

TechnipFMC is suing rival McDermott International and its new chief operating officer for the alleged theft of trade secrets that Samik Mukherjee brought with him when he switched companies.