Companies in the News

February 2018, Vol. 245, No. 2

McDermott International and CB&I will create a vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installation (EPCI) service. David Dickson, current president and CEO of McDermott will assume those postions for the combined company. The transaction is expected to close in the second quarter of 2018. ExxonMobil Development Africa B.V. acquired 25% indirect interest in Mozambique’s gas-rich Area 4 Block from Eni and assumed responsibility for midstream operations. ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities, while Eni will continue to lead the Coral…

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