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.