subscribe to ENR magazine subscribe
contact us
advertise
careers industry jobs
events events
FAQ
Mcgraw Hill Construction
ENR Logo
SUBSCRIBE TODAY
& receive immediate web access
comment

KBR Buys Out Japanese Partner On Energy Joint Venture

Text size: A A

KBR, Houston, announced it has completed the acquisition of 44.96% of M.W. Kellogg Ltd. (MWKL), its London, U.K.-based global liquefied-natural-gas and hydrocarbons construction business, from its former joint-venture partner, JGC Corp., Yokohama, Japan. MWKL had been a wholly owned subsidiary of M.W. Kellogg Co., KBR’s predecessor, until 1992, when Kellogg and JGC formed a joint-venture partnership. KBR will pay JGC $165 million to re-acquire MWKL, making it once again a wholly owned subsidiary, according to the Jan. 4 announcement. The consolidation of MWKL “fits KBR’s long-term strategy to enhance the range, flexibility and efficiency of KBR’s LNG and hydrocarbons offerings,” says William P. Utt, KBR’s CEO.

----- Advertising -----
----- Advertising -----
  Blogs: ENR Staff   Blogs: Other Voices  
Critical Path: ENR's editors and bloggers deliver their insights, opinions, cool-headed analysis and hot-headed rantings
Project Leads/Pulse

Gives readers a glimpse of who is planning and constructing some of the largest projects throughout the U.S. Much information for pulse is derived from McGraw-Hill Construction Dodge.

For more information on a project in Pulse that has a DR#, or for general information on Dodge products and services, please visit our Website at www.dodge.construction.com.

Information is provided on construction projects in following stages in each issue of ENR: Planning, Contracts/Bids/Proposals and Bid/Proposal Dates.

View all Project Leads/Pulse »

 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.