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HOUSTON, Jan. 24, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced that it has been awarded a sizeable* technology contract by PT Chandra Asri Perkasa for the detailed engineering of 8 proprietary SRT® (Short Residence Time) ethylene cracking heaters at the Chandra Asri Perkasa (CAP2) ethylene plant in Cilegon, Indonesia. The unit will utilize Lummus Technology's SRT® (Short Residence Time) pyrolysis heater technology to produce 1,100 KTA of ethylene and 600 KTA of propylene.
DUBAI, United Arab Emirates, Jan. 16, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced it has been awarded a sizeable* contract from Daelim Saudi Arabia Company Ltd. for engineering, procurement and construction (EPC) of CB&I Storage Tanks for the Ma'aden Ammonia Plant at Ras Al-Khair, Kingdom of Saudi Arabia. The fixed lump sum contract encompasses the engineering, procurement and fabrication of four Ammonia Tanks and nine CB&I storage tanks.
Moody's Investors Service ("Moody's") has today confirmed the following ratings of Commercial Bank of Dubai PSC (CBD): the Baa1 long-term deposit ratings, the P-2 short-term deposit ratings, as well as the ba1 baseline credit assessment (BCA) and the ba1 adjusted BCA. Furthermore, Moody's also confirmed the bank's A3/P-2 Counterparty Risk Ratings and the A3(cr)/P-2(cr) Counterparty Risk Assessments.
Gary Luquette, non-executive Chairman of the Board of Directors, purchased approximately $500,000 of McDermott stock, bringing his total shares owned to 90,250. David Dickson, President and Chief Executive Officer, purchased approximately $400,000 of McDermott stock, bringing his total shares owned to 459,889. Stuart Spence, Executive Vice President and Chief Financial Officer, purchased approximately $250,000 of the company's stock, bringing his total shares owned to 141,961.
Egypt's blue-chip index rose on Tuesday, boosted by its real estate and industrial shares, while Qatar fell a day after hitting its highest level in a year and a half following a government reshuffle. ...
Moody's Investors Service ("Moody's") downgraded McDermott Technology (Americas), Inc.'s (McDermott) corporate family rating to B1 from Ba3, its probability of default rating to B1-PD from Ba3-PD, its senior secured credit facilities rating to Ba3 from Ba2, and its senior unsecured notes rating to B3 from B2. At the same time, Moody's affirmed McDermott's speculative grade liquidity rating of SGL-2.
Moody's Investors Service ("Moody's") has today placed the following ratings of Commercial Bank of Dubai PSC (CBD) on review for downgrade: the Baa1 long-term deposit ratings, the P-2 short-term deposit ratings, as well as the ba1 adjusted baseline credit assessment (BCA) and the ba1 BCA. Furthermore, Moody's also placed the A3/P-2 Counterparty Risk Ratings and the A3(cr)/P-2(cr) Counterparty Risk Assessments on review for downgrade.
Moody's Investors Service ("Moody's") has today assigned Counterparty Risk Ratings (CRR) to 46 rated banks and their branches. These banks are domiciled in the following five countries: Bahrain, ...
While small-cap stocks, such as Chicago Bridge & Iron Company NV. (NYSE:CBI) with its market cap of US$1.68B, are popular for their explosive growth, investors should also be aware ofRead More...
Chicago Bridge & Iron Company NV. (NYSE:CBI), a construction company based in Netherlands, received a lot of attention from a substantial price increase on the NYSE over the last fewRead More...
Does the share price for Chicago Bridge & Iron Company NV. (NYSE:CBI) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value using the discounted cash flow (DCF)Read More...
Offshore engineering firm McDermott International Inc will close its acquisition of Chicago Bridge and Iron Co NV on Thursday, creating an integrated onshore and offshore services group that will expand its presence in the Middle East. McDermott's offshore engineering and construction work will combine with CB&I's onshore skills including liquefied natural gas (LNG) and power plants. McDermott will bolster its service offerings in Saudi Arabia, where it is already adding facilities and has contracts with national oil company Saudi Aramco (IPO-ARMO.SE).
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NEW YORK , May 3, 2018 /PRNewswire/ -- S&P SmallCap 600 constituent McDermott International Inc. (NYSE:MDR) will replace Diebold Nixdorf Inc. (NYSE:DBD) in the S&P MidCap 400, and Diebold Nixdorf will ...
McDermott International shareholders on Tuesday approved a merger with Chicago Bridge & Iron Co that creates a vertically integrated onshore and offshore engineering and construction company, thwarting an attempt by offshore drilling contractor Subsea 7 to block the deal. More than 50 percent of McDermott shareholders supported the merger and approved a 3-to-1 reverse stock split, according to a spokesman. CB&I shareholders also voted in favor the deal, the companies said, and the combination is expected to close on May 10.
McDermott International shareholders on Tuesday voted in favor of a merger with Chicago Bridge & Iron Co, thwarting an attempt by offshore drilling contractor Subsea 7 to block the deal. Oslo, Norway-based ...
On April 23, McDermott International (MDR) stock jumped nearly 16%. McDermott International rejected Subsea 7’s offer to acquire the company for $7.00 per share. McDermott International has been in negotiations with Chicago Bridge & Iron Company (CBI) since December 18, 2017, for a business combination. The proposed transaction aims to combine a fully vertically integrated onshore-offshore company, with an engineering, procurement, construction, and installation service offering. ...
THE WOODLANDS, Texas , April 26, 2018 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract valued at nearly $35 million by a leading Canadian infrastructure company for the engineering, ...