Wednesday, January 22, 2020
McDermott International
Maritime News

McDermott International Files for Chapter 11 Bankruptcy

(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...

January 22, 2020
Total Views: 20

Thursday, May 3, 2018
Maritime News

McDermott Shareholders Approve CB&I Merger, Killing Hostile Takeover Bid By Subsea 7

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...

May 3, 2018
Total Views: 5

Monday, April 23, 2018
Maritime News

Subsea 7 Makes $2 Billion Hostile Bid to Break Up McDermott’s U.S. Deal

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...

April 23, 2018
Total Views: 28

Wednesday, March 8, 2017
Maritime News

McDermott to Open Manufacturing Facility at New Saudi Shipbuilding Complex

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...

March 8, 2017
Total Views: 11

Monday, May 4, 2015
mcdermott db30 crane barge

McDermott Wins “Large” Contract at Hout

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...

May 4, 2015
Total Views: 21

Monday, January 5, 2015
ayatsil-a jacket intermac 600 mcdermott

McDermott to Install Ayatsil-A Platform for PEMEX

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.  ...

January 5, 2015
Total Views: 30

Tuesday, October 21, 2014
mcdermott db30 crane barge

Petronas Hires McDermott’s DB30 Offshore Indonesia

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...

October 21, 2014
Total Views: 203

Tuesday, April 29, 2014
lay vessel 105 mcdermott

McDermott Wraps Up Deepwater Pipelay Job Off Malaysia

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....

April 29, 2014
Total Views: 13

Thursday, April 10, 2014
tensioned leg platform papa terra p-61 mcdermott

McDermott Finishes Papa Terra TLP Installation Offshore Brazil

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...

April 10, 2014
Total Views: 18

Thursday, March 20, 2014
lay vessel north ocean 105 mcdermott offshore pipelay

McDermott’s LV105 to Lay Deepwater Flexibles for Petrobras

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...

March 20, 2014
Total Views: 50

Friday, March 14, 2014
thebaud sea vessel mcdermott

McDermott DSV to Conduct Emergency Pipeline Job Off UAE

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...

March 14, 2014
Total Views: 20

Tuesday, March 4, 2014
DB 30 crane barge

“No Longer Business As Usual” as McDermott Has Shocking 4th Quarter

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...

March 4, 2014
Total Views: 27

Monday, August 12, 2013
mcdermott emerald sea offshore construction

McDermott Could be Targeted for Acquisition as Financial Woes Mount

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...

August 12, 2013
Total Views: 37

Monday, May 27, 2013
dlv2000 pipelay vessel mcdermott
Engineering News

ABB Wins Engineering Contract for McDermott’s New Deepwater Pipelay Vessel

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...

May 27, 2013
Total Views: 41

Monday, April 8, 2013
Mcdermott LV105

McDermott Wins $900M Contract In Arabian Gulf

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...

April 8, 2013
Total Views: 1

Friday, December 28, 2012
FPSO Lewek Arunothai
Engineering News

Keppel Barely Misses S$10 Billion in Orders with Latest Round of Contracts

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...

December 28, 2012
Total Views: 6

Monday, July 16, 2012
karan 45 saudi aramco

Saudi Aramco Awards Pair of Offshore Construction Projects to McDermott

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,...

July 16, 2012
Total Views: 41

Thursday, May 10, 2012
mcdermott krishna godavari dhirubhai riser installation platform
Engineering News

McDermott’s Offshore Construction Backlog Increases by $1.9 Billion, Profits Down in Q1 However

(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...

May 10, 2012
Total Views: 9

Wednesday, January 25, 2012
McDermott NO102 subsea installation vessel

McDermott Awarded Their Largest-Ever Subsea Contract Offshore Australia

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...

January 25, 2012
Total Views: 37

Monday, April 25, 2011

McDermott Lands Fabrication and Installation Work in GoM

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...

April 25, 2011
Total Views: 5