MARKETS

McDermott completes CB&I deal

OFFSHORE engineering firm McDermott International completed its acquisition of Chicago Bridge and Iron last week, in a move likely to be felt in the Australian oil and gas sector.

McDermott completes CB&I deal

The two companies valued the deal at US$6 billion including debt.   The most immediate benefit will be McDermott gaining access to major US LNG infrastructure, with CB&I part of teams handling development...

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