Construction Boxscore Database is produced by Hydrocarbon Processing | HydrocarbonProcessing.com
Subscriber Login
 
 

Twitter LinkedIn

Microsoftteams Image 19

 

Geimapping Promo Bxsite

News Post

KBR plans to move away from LNG and energy construction in favor of government contracts and technology ventures

It was reported on Tuesday that KBR of Houston is expected to exit most of its liquefied natural gas (LNG) construction and other energy projects to focus on government and technology businesses. KBR Chief Executive Stuart Bradie stated that the company will “no longer engage in lump sum, blue collar construction services.” The COVID-19 pandemic is likely a primary factor in this decision, as many customers have withdrawn from energy project investments.

KBR did not discuss the possible impairments on its LNG construction schedule at this time, but the company did add that it still expects 2020 to be a “marginally profitable” year. Some of these LNG projects include the recently delayed Freeport LNG in Texas, Magnolia LNG in Louisiana, and the Goldboro LNG site in Canada. KBR is expected to announce further details at its second quarter results presentation due in July. 

For subscriptions or a demo:

Sam Hassaniyeh
Subscription Executive
Phone: +44 203 4092242

For questions or to give feedback:

Thad Pittman
Senior Researcher
Phone: +1 (713) 525-4605

Download our brochure today!

 

Boxscore Online Demo


Boxscore-Now

 

Project News

 
Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws. © 2025 Gulf Publishing Holdings LLC.