ENR Highlights Growth of Industry, McDermott Strengths


In a May 23 article, Engineering News-Record (ENR) concluded the results of their top 400 contractors survey and highlighted that the industry has recorded a new record of $405 billion in contracting revenue in 2018 along with the rising growth of the energy industry.

The article highlights how McDermott was perhaps the contractor that experienced the largest expansion of offerings in 2018. ENR also features Samik Mukherjee, McDermott Group Senior Vice President for Projects, who discussed our strengths and notes that our technology portfolio is one of the industry’s most robust in the hydrocarbon processing sector. “Furthermore, we believe there are approximately $39 billion of identified potential pull-through EPC opportunities related to the Lummus Technology portfolio,” he said about the opportunities for McDermott. 

The article goes on to quote many industry experts on their thoughts on the rise of research and development, outlook on the overall market and the latest trends.

Click to read the article in the ENR.
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