LNG

McDermott International, the energy and LNG engineering company, posted fourth-quarter earnings seriously impacted by $2.2 billion in charges and other items related to the Cameron LNG and Freeport LNG projects in Louisiana and Texas and the Calpine gas-fired power venture in Pennsylvania.

McDermott International, the energy and liquefied natural gas project engineer, has completed a strategic review of its portfolio and has decided to spin-off and sell its LNG tanks business and its US pipe fabrication unit.