McDermott reaches support agreements on debt to proceed seamlessly with global LNG and energy projects
McDermott International, the US energy and liquefied natural gas project engineering company, has reached support agreements with more than 75 percent of secured letter of credit facility providers, funded debt creditors and equity holders stemming from its several years of debt woes.
LNG investor EIG Global Energy Partners leads $12.4Bln deal completion for Saudi Aramco pipelines
The Saudi Arabian Oil Company, Saudi Aramco, has completed one of the world’s largest ever energy infrastructure deals worth $12.4 billion with a consortium led by Washington DC-based EIG Global Energy Partners, an investor in LNG plant and feed-gas operators such as Cheniere Energy and Kinder Morgan.
Saudi Aramco posts drop in profits but sees oil and gas demand recovery in Asia and elsewhere
The Saudi Arabian Oil Company, Saudi Aramco, reported a 44 percent drop in annual profits, though still earned a net $49 billion in 2020 as it posted record oil and natural gas output even as revenues were affected by lower crude oil prices and sales tumbled because of the economic slump caused by Covid-19.
