LNG

TechnipFMC plans to begin the spin-off transactions on February 12 for Technip Energies to pursue its own path as one of the leading liquefied natural gas engineering companies with current LNG export projects in nations such as Russia and Mexico.

McDermott International, the US LNG and energy engineering company, is set to emerge from Chapter 11 bankruptcy protection after the US Bankruptcy Court for the Southern District of Texas approved the sale of its Lummus Technology business to New York equity funds.