|  Forgot?  |  Register

Forgot your login?

Enter the e-mail address you used when you registered an account with Industrial Info.

A message will be sent to the E-Mail Address found in our records containing the associated username(s) as well as instructions for a password reset.


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

Premium News Article
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)

Read the Complete Article >>>

Details on this Article:
Industry Segment: Production
Word Count: 741 Words

Listen to Today's News News Audio Library Sync News Podcasts

  Login or Register now for instant access!


Related Articles

Premium News Article  Bechtel's $152 Billion in Active Projects Fueled by Demand for LNG, Natural...

Premium News Article  Suncor Targets 10% Production Growth for 2018, Cuts Capex Forecast

Free News Article  Daily News Energy Headlines from November 15, 2017

Free News Article  Daily News Energy Headlines from November 17, 2017

Premium News Article  U.S., Canada Railways Fare Well in Third Quarter

This article is available for Premium Members only.

Subscribe Now! All Fields are Required...

Upgrade your Premium News Subscription to include all archived articles for only $160. Contact Member Services: 800-762-3361

All Members Receive the Following Free Resources:
  • North American Project & Gap Spending
  • North American Plant Analysis by Industry & Market Region
  • Market Maps & Stats - Capital & Maintenance Activity
  • Current & Historic Economic Indicators
  • 30/60/90 Day Weather Forecast