McDermott Takes Hit from Cameron, Freeport LNG Projects, Remains Optimistic on 2019 Completions, an Industrial Info News Alert
SUGAR LAND, Texas, Feb. 27, 2019 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--McDermott International Incorporated (Houston, Texas), an engineering, procurement and construction (EPC) giant, enjoyed revenues for full-year 2018 that were more than double those of 2017, but saw its profits eradicated by a series of heavy impairment charges and other expenses at some of its highest-profile energy projects, including the Cameron LNG and Calpine complexes. Industrial Info is tracking about $130 billion in active projects involving McDermott, including more than $82 billion in the U.S. and Canada.
Within this article: Details on McDermott's most important projects and where they stand in construction, including those for Sempra Energy, ConocoPhillips, Calpine Corporation and Petroleos Mexicanos (PEMEX).
Other companies featured: General Electric
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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to [email protected] or visit us online at http://www.industrialinfo.com.
William Ploch
713-783-5147
SOURCE Industrial Info Resources, Inc.
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