May 03, 2018 - Contax Partners’ Energy Feed
McDermott and CB&I receive approvals for Integration
McDermott and CB&I receive approvals for Integration
McDermott and CB&I have received the necessary shareholder approvals to create a vertically integrated onshore and offshore engineering & construction company. While the company will be named McDermott going forward, it will retain the following names for specific pieces of work:
• McDermott: This will incorporate all the onshore, offshore, upstream, downstream O&G businesses
• Lummus: This will become the technology division and will incorporate any technologies that McDermott also holds
• CB&I: This will become the tank division
The integration is expected to be complete by the third week of May.
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Since our establishment in 1985, Contax Partners has been the advisor of choice for companies operating within the constantly evolving Middle East, Russia and Africa energy sector. Having operated in the energy market for over 30 years, we have a track record of empowering our clients to win business. Contax Partners is well placed to understand the challenges, and what impact these can have on your growth plans for the Middle East, Russia and Africa.
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