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McDermott Enters Deal to Initiate Financial Restructuring

McDermott International Ltd announced that it has entered into a transaction support agreement to initiate a financial restructuring process.

United statesUnited kingdomDavid dicksonMichael mckelvyCbi united kingdomUs bankruptcy courtLummus technologyCbi storage solutionsLealand finance companyMcdermott international holdingsMcdermott international ltdChatterjee groupQatargas operating companyWoodside energyHaldia petrochemicals ltdIndian oil corporation

McDermott International announces transaction support agreement with key financial stakeholders to position company for long-term success

McDermott International announces transaction support agreement with key financial stakeholders to position company for long-term success
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United kingdomDepartamento de norte santanderUnited statesRepublic of colombiaMichael mckelvyHomologatie onderhands akkoordAlvarez marsalGotshal mangesCartagena sa reficarLoyens loeffIron companyCbi united kingdomDavis polk wardwellAgreement extends companyCompany to continue all operationsInternational chamber

MCDERMOTT ANNOUNCES TRANSACTION SUPPORT AGREEMENT WITH KEY FINANCIAL STAKEHOLDERS TO POSITION COMPANY FOR LONG-TERM SUCCESS

Reaches Transaction Support Agreement with More Than 75% of Secured Letter of Credit Facility Providers, Funded Debt Creditors and Equity Holders Receives $250.

United statesDepartamento de norte santanderUnited kingdomRepublic of colombiaCartagena sa reficarAlvarez marsalReba reidMichael mckelvyLoyens loeffHomologatie onderhands akkoordGotshal mangesKirkland ellisCompany to continue all operationsInternational chamberDavis polk wardwellGlobal communications

Philippines welcomes its first LNG terminal

The Philippines’ only producing gas field, Malampaya, is in decline. The gasfield is predicted to dry up by 2022, at which time the Philippines will need nearly 9mn tonnes of LNG each year to supply.

Republic ofJoseph sigelmanAbu dhabi national oil co adnocCbi storage solutionsLiquified natural gasGas entecStorage solutions

KOGA Boosts Hydrogen Development

Korea Gas Corporation (KOGAS) is positioning itself as a global leader in hydrogen by participating in all aspects of the hydrogen value chain.

Kyongsang namdoSouth koreaKwangju gwangyoksiSouth koreanMatrix service companyKorea gas corporationHydrogen industryCbi storage solutionsHydrogen developmentFuel cells worksGas corporationSoutheast asiaFuel cellStorage solutions