LNG

Feb 24 (LNGJ) - CB&I, one of the world's leading LNG engineering companies, posted a rise in fourth-quarter net profits to $70.5 million from $63.2M in the same quarter a year ago. The US company said noteworthy 2011 awards included a $2.3 billion contract in Australia for the Gorgon LNG project. "Looking to the future, we expect to continue to execute our healthy backlog, leverage our unique business model to capture growth opportunities, and help our clients meet the growing global demand for energy infrastructure, which gives us strong confidence in the future of CB&I," said Philip K. Asherman, President and Chief Executive.