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McDermott's $130 Billion in Projects Point to Further Growth After CB&I Pickup


Industry Segment: Power | Word Count: 686 Words
Attachment: McDermott, August 2018

SUGAR LAND--August 8, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--McDermott International Incorporated (NYSE:MDR) (Houston, Texas) officially tied the knot with Chicago Bridge & Iron (CB&I) in the second quarter, and the acquisition has been surprisingly smooth, given some of the project-related problems CB&I had been facing in the past few years. Industrial Info is tracking more than $130 billion in active projects involving the newly formed company, more than one-third of which are under construction.

Within this article: Details on some of the highest-valued projects involving McDermott, including those from major companies such as Calpine Corporation, General Electric (NYSE:GE), Entergy Corporation (NYSE:ETR), Lotte Chemical Corporation, Westlake Chemical Corporation (NYSE:WLK) and Valero Energy Corporation (NYSE:VLO).

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