LNG

US energy and liquefied natural gas project engineering company McDermott has been awarded an initial contract as part of a venture for the development of a natural gas field offshore Vietnam, one of the newest LNG importing nations.

McDermott International, the LNG and energy engineering company, has finalized $560 million in new capital through a series of transactions just a year after filing for Chapter 11 bankruptcy protection.

Chiyoda Corp., one of the leading Japanese LNG engineering companies, has named Kazushi Okawa as its new Chairman and Chief Executive to lead turnaround efforts after it suffered large losses on contracts and a plunge in its shares.