Sunday, July 5, 2026

McDermott International Closes CB&I Acquisition, Saudi Arabia is Key

From Reuters HOUSTON (Reuters) – Offshore engineering firm McDermott International Inc. (MDR.N) will close its acquisition of Chicago Bridge and Iron Co NV CBI.N 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)