Mar. 06, 2020News & Opinions
Engineering and construction group McDermott will move forward with its previously announced sale of subsidiary Lummus Technology to a partnership of The Chatterjee Group and Rhone Capital, having failed to attract higher bids at auction.
Jan. 22, 2020News & Opinions
Beleaguered engineering and construction giant McDermott International has agreed to sell its Lummus Technology business to a partnership of US-headquartered investment company The Chatterjee Group and private equity firm Rhone Group for ...
Nov. 26, 2019News & Opinions
Plans for a mammoth Russian-Chinese ethane cracker and polyethylene complex are taking shape in the Russian Baltic seaport of Ust-Luga, near the Gulf of Finland and the starting point of the controversial North Stream 2 pipeline planned to ...
Oct. 28, 2019News & Opinions
Major US contractor McDermott International has been awarded a “large” contract (worth between $50 million and $250 million) for Aramco and Total’s joint-venture Amiral petrochemical complex in Jubail, Saudi Arabia.
Oct. 01, 2019News & Opinions
Following an “extensive and comprehensive” strategic review, US engineering and construction company Fluor has decided to sell certain businesses in order to improve its financial stability and allow the remaining assets to ...
Sep. 24, 2019News & Opinions
Major engineering and construction company McDermott International is mulling a potential sale of its Lummus Technology arm after receiving unsolicited approaches exceeding $2.5 billion for all or part of the business.
Aug. 19, 2019News & Opinions
Hengli Petrochemical (Dalian), part of China’s Hengli group, has started up what it says is the world’s largest catalytic dehydrogenation plant, in Liaoning Province.
Aug. 06, 2019News & Opinions
US engineering contractor McDermott International has acquired the assets and intellectual property of Siluria Technologies for an undisclosed sum. The transaction, which McDermott announced on Jul. 29 during the presentation of its ...
May. 24, 2019News & Opinions
McDermott International’s Lummus Technology division has won two major contracts for propylene and polypropylene projects, in Europe and India.
May. 02, 2019News & Opinions
Engineering contractor McDermott International has been tapped by Kuwait Integrated Petroleum Industries Company (KIPIC) to provide basic engineering, technology and catalyst for an integrated Low Pressure Recovery (LPR) and Olefins ...
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