(Reuters) – U.S. oilfield services provider McDermott International Inc said on Tuesday it would file for prepackaged bankruptcy protection under Chapter 11, as it looks to cut debt that ballooned...

Shareholders in offshore oil services firm McDermott have approved a proposed merger with engineering firm Chicago Bridge and Iron (CB&I), effectively killing a hostile takeover by Norwegian rival Subsea 7...

By Nerijus Adomaitis OSLO, April 23 (Reuters) – Offshore oil services firm Subsea 7 has made an unsolicited offer worth about $2 billion for U.S. rival McDermott, potentially breaking up the...

By Reem Shamseddine MANAMA, March 8 (Reuters) – U.S. oilfield services and equipment provider McDermott International said on Wednesday it would build a fabrication yard at a shipbuilding complex planned...

McDermott International announced today that it has received a “large” contract amendment from Al-Khafji Joint Operations (KJO) to lead the engineering, procurement, construction and installation (EPCI) of a new platform...

Utilizing the Intermac 600 launch barge and Derrick Barge 50, offshore construction firm McDermott will install the Ayatsil-A drilling platform for PEMEX Exploracion y Produccion (PEMEX) in the Bay of Campeche.  ...

McDermott International’s DB30 derrick barge, with its 2,794 metric ton-rated crane, will be put to work this year supporting Petronas’ Bukit Tua Development offshore East Java, Indonesia. “This is the...

McDermott International announced that the first installation of a rigid reel-lay pipe-in-pipe in the Asia-Pacific region has just been completed at Murphy Oil’s Siakap North-Petai (SNP) development project offshore Malaysia....

McDermott International has announced the successful installation this week of the P-61 Tension Leg Wellhead Platform (TLWP) for the PPT BV Joint Venture, consisting of Petrobras and Chevron. Once fully...

McDermott International’s Lay Vessel North Ocean 105 (LV105), a deepwater reeled pipelay installation vessel, will be heading to work at Brazil’s pre-salt and Campos Basin area as part of a 200-day...

McDermott’s Dive Support Vessel Thebaud Sea has been mobilized for an Emergency Pipeline Repair intervention offshore the United Arab Emirates. This is the third time in recent months that the DSV has been...

Changes are underway at McDermott International, the Houston-based offshore engineering and construction company which reported an eye-watering fourth quarter with net losses of $324 million.  McDermott’s net losses for the...

Aug. 12 (Bloomberg) — McDermott International Inc. is so beaten down that buyers can snap up the offshore oilfield- construction company and its fleet at a near fire-sale price. McDermott...

Swiss power and automation group ABB has announced a $12 million order to supply electrical power and propulsion systems for a newly designed deepwater pipe laying vessel. The vessel, tentatively...

McDermott International announced Monday that a subsidiary has been awarded two projects for a customer in the Arabian Gulf. The value of these contracts is approximately $900 million and is...

Keppel Offshore & Marine Ltd’s (Keppel O&M) subsidiaries have secured three new contracts – worth a combined value of S$420 million (USD $343 million) – to bring the group’s total...

HOUSTON – (BUSINESS WIRE) – McDermott International, Inc. (NYSE: MDR) announced today that one of its subsidiaries has been awarded two projects for Saudi Aramco in the Arabian Gulf in the Karan,...

(Dow Jones) McDermott International Inc.’s (MDR) first-quarter profit slid 11% due to lower activity in the Asia Pacific region, though cost controls helped the company sail past earnings expectations. Shares...

McDermott International, Inc. (NYSE:MDR) announced today that has been awarded a US$2 billion contract to develop the subsea infrastructure required for the Ichthys Gas-condensate Field offshore Australia.   This contract is...

McDermott International, Inc. (NYSE:MDR), announced today that one of its subsidiary companies was awarded fabrication and installation work from Chevron U.S.A. Inc. to support the development of the Jack and...