If based on that single Australia project, think the sell-off is way overdone. I recall that the CBI backlog was several years' worth of work, and I doubt that the "chance" of losing this job could justify a 5-6% haircut. I'm not going to be concerned.
It does appear that Woodside cancelled the Browse LNG project. This follows on the Yamal LNG project being awarded to Technip on April 2. I think CBI, as part of a consortium, was considered to be favored to to receive these project awards.
oil selloff is my guess or something we don't know about yet. this sucks. someone else may know something we don't - where is the bottom is the question. seems like shorts are really pushing this hard no way to gain traction. have to wait it out or bail out. have seen some ugly things happen with oil stocks. good luck