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CB&I Slashes Outlook, Readies to Drop Tech Business as Orders Dry Up

oil_gas_production

Industry Segment: Production | Word Count: 741 Words

SUGAR LAND--August 11, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--With oil exploration and production companies putting the brakes on expansions amid lower-than-expected prices, related engineering, procurement and construction (EPC) providers are taking a hit in orders and earnings. Chicago Bridge & Iron Company N.V. (NYSE:CBI) (CB&I) (The Hague, Netherlands) incurred a heavy net loss in second-quarter 2017, and is planning to sell its technology business and focus its efforts on the liquefied natural gas (LNG), petrochemical, refining and natural gas-fired generation industries. Industrial Info is tracking more than $100 billion in active projects involving CB&I.

Within this article: Details on some of CB&I's highest-valued and most closely watched projects, including a pair of natural gas-fired, combined-cycle (NGCC) projects, a pair of LNG projects, and chemical projects both at home and abroad.

Other companies featured: AES Corporation (NYSE:AES), Calpine Corporation (NYSE:CPN), Sempra Energy (NYSE:SRE), E.I. du Pont de Nemours and Company (NYSE:DD)


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