LNG

McDermott International, said it had received unsolicited approaches to sell all or part of its Lummus Technology business with a valuation exceeding $2.5 billion and analysts said this could be the starting point for a corporate overhaul.

The American Bureau of Shipping, the US maritime classification society, and South Korean shipbuilder Samsung Heavy Industries are to cooperate on a next generation of LNG carriers in a joint development project signed at the Gastech 2019 conference in Houston.