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03 AUG 2026 MONDAY
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McDermott has wrapped up the sale of its storage business to a consortium of financial investors, led by Mason Capital Management. This enables CB&I to begin anew as an independent company with no funded debt.
Mason Capital Management FEED Chief Executive Officer Mike Martino Managing Member Principal of Mason Financial Advisor Mark Butts Hanwha Ocean Gulf of Mexico Gulf of Mexico Project Following Michael McKelvy President
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news Offshore Energy ·2024-12-09

McDermott and CB&I part ways as storage business starts its ‘exciting’ standalone game

Offshore Energy
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