McDermott Takes Hit from Cameron, Freeport LNG Projects, Remains Optimistic on 2019 Completions

SUGAR LAND--February 27, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--McDermott International Incorporated (NYSE:MDR) (Houston, Texas), an engineering, procurement and construction (EPC) giant, enjoyed revenues for full-year 2018 that were more than double those of 2017, but saw its profits eradicated by a series of heavy impairment charges and other expenses at some of its highest-profile projects, including the Cameron LNG and Calpine complexes. Industrial Info is tracking about $130 billion in active projects involving McDermott, including more than $82 billion in the U.S. and Canada. Within this article: Details on McDermott's most important projects and where they stand in construction, including those for Sempra Energy (NYSE:SRE), ConocoPhillips (NYSE:COP), Calpine Corporation and Petroleos Mexicanos (PEMEX). Other companies featured: General Electric (NYSE:GE)