McDermott International Company News

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McDermott CEO Bets on Next Turnaround at Ailing Chicago Bridge
Tuesday, January 09, 2018 Shares are ticking back up as Dickson vows to do at Chicago Bridge what he did at McDermott.

Oil-Focused Engineering Firms McDermott, Chicago Bridge To Merge
Monday, December 18, 2017 McDermott International Inc and Chicago Bridge and Iron NV (CB&I) said they would combine to create a new company.

Exclusive: McDermott to Double Headcount in Mexico by Year-End
Friday, May 05, 2017 Mexico's energy reforms drive oil and gas growth, positioning McDermott International to increase its workforce there to 2,000 employees by the end of 2017.

McDermott Opens New Office in Saudi Arabia; Adds 300 Jobs
Wednesday, November 02, 2016 Houston-based McDermott International is expanding its footprint in Saudi Arabia with opening of new office.

Mexico's Sole Platform Fabrication Project to Create Jobs
Tuesday, September 27, 2016 EPCI firm McDermott International will increase its workforce for the 18-month Abkatun-A2 project for PEMEX.

TH Heavy Engineering, McDermott End Partnership in Malaysia
Monday, September 26, 2016 Malaysia's TH Heavy Engineering and McDermott end their three-year partnership for offshore oil and gas projects in the country.

LTHE Sees India Investing $5B in Offshore Upstream Sector Over 5 Years
Tuesday, August 16, 2016 L&T Heavy Engineering (LTHE) sees investments in India's offshore upstream oil and gas industry reaching up to $5 billion over the next 5 years, a top company executive says.

McDermott, N-KOM Signs MOU to Jointly Pursue EPCI Projects Offshore Qatar
Wednesday, July 27, 2016 McDermott inks a memorandum of understanding (MOU) to jointly pursue offshore engineering, procurement, construction and installation (EPCI) projects offshore Qatar with Nakilat-Keppel Offshore Marine (N-KOM).

McDermott Secures $454M EPCI Contract for Abkatun-2 Platform from Pemex
Tuesday, June 28, 2016 McDermott secures a $454 million contract from Pemex Exploracion y Produccion for the engineering, procurement, construction and installation for the Abkatun-A2 platform to be located in Mexico's Bay of Campeche.

McDermott Secures Brunei's Offshore T&I Contract
Tuesday, June 21, 2016 McDermott secured an installation contract from Brunei Shell Petroleum for the Fairley and Ampa Fields offshore Brunei.

McDermott Charts Growth Path Following Company Restructuring
Monday, May 23, 2016 Fresh from a company turnaround, offshore engineering and construction firm McDermott gears up to tap opportunities in a market beset by the challenges of low oil prices.

McDermott Joins 14 Other Offshore Firms to Establish Industry Standards
Thursday, May 19, 2016 McDermott joins 14 other offshore companies to establish engineering industry standards.

Keppel Holds Naming Ceremony for McDermott's Newbuild DLV 2000
Thursday, April 14, 2016 Keppel Singmarine holds naming ceremony for McDermott's newbuild derrick lay vessel, DLV 2000, at its yard in Singapore.

Asia Features Prominently in McDermott's Latest Activities
Tuesday, February 23, 2016 Asia features prominently in McDermott's latest activities, with the firm bagging two contracts offshore Western Australia and partnering LTHE for deepwater projects in India.

McDermott to Name Flagship Derrick Lay Vessel at Singapore's Keppel Yard
Friday, February 19, 2016 McDermott plans to name its new flagship derrick lay vessel, the DLV 2000, at Keppel Singmarine yard in Singapore in April.

McDermott Secures T&I Contract for a Project Offshore Trinidad
Wednesday, December 09, 2015 McDermott secures a transport and installation contract from an upstream oil and gas operator for a project offshore Trinidad.

McDermott Bags EPCI Contract for 4 Wellhead Jackets from Qatar Petroleum
Friday, October 09, 2015 McDermott bags a brownfield project from Qatar Petroleum for the engineering, procurement, construction and installation of four wellhead jackets offshore Qatar.

McDermott Awarded Record Services Contract by Saudi Aramco
Thursday, August 27, 2015 McDermott International is awarded a record lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia.

Ophir Awards Upstream FEED Deals for E.Guinea's Fortuna FLNG Project
Thursday, July 09, 2015 Ophir Energy awards upstream front end engineering and design contracts for the Fortuna gas project in Equatorial Guinea to two consortia comprising McDermott Marine Construction-GE Oil & Gas and Subsea 7-Aker Solutions.

McDermott Secures Sizeable Services Contract in Gulf of Mexico
Tuesday, June 23, 2015 McDermott International secures a sizeable lump sum services contract from LLOG Exploration Offshore, in support of the Otis development located in the Gulf of Mexico.

McDermott Awarded Jacket Project by Saudi Aramco
Tuesday, May 26, 2015 McDermott International secures contract for the engineering, procurement, construction and installation of 12 jackets for offshore oil and gas fields in Saudi Arabian waters.

McDermott International Cuts About 1,700 Jobs
Tuesday, May 12, 2015 McDermott International eliminates about 1,700 positions in response to 1Q losses.

McDermott Bags Hout Field Platform Project from Al-Khafji Joint Operations
Monday, May 04, 2015 Al-Khafji Joint Operations awards platform project for the Hout field project in the divided zone between Kuwait and Saudi Arabia to McDermott.

McDermott Bags Subsea Fabrication Contract for Indonesia's Jangkrik Project
Wednesday, March 04, 2015 McDermott lands subsea fabrication contract from FMC Technologies for the Eni-operated Jangkrik fields located off Kalimantan, Indonesia.

Qatar Petroleum Awards McDermott North Field Alpha Contract
Monday, March 02, 2015 McDermott International is awarded a large project for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum for the North Field Alpha gas development, offshore Qatar.

McDermott Wins EPCI Contract for Marjan Power Supply System
Monday, March 02, 2015 McDermott Middle East will conduct initial work for a significant power supply system replacement contract for Saudi Aramco's Marjan field.

Neptune Marine Services Completes Grouting Work for Ichthys LNG Project
Wednesday, February 25, 2015 Neptune Marine Services completes a structural grouting project under a subcontract from McDermott for Inpex's Ichthys liquefied natural gas development offshore Australia.

McDermott Completes Kepodang Platform Installation Offshore Indonesia
Monday, January 12, 2015 McDermott completes platform installation at the Kepodang gas field in Muriah working area offshore Indonesia for Petronas.

McDermott to Install Pemex's Ayatsil-A Drilling Platform Offshore Mexico
Tuesday, January 06, 2015 McDermott will install Pemex's Ayatsil-A drilling platform installation in the Bay of Campeche offshore Mexico.

McDermott Delivers Riser Support Structure for Inpex's Ichthys LNG Project
Thursday, November 13, 2014 McDermott delivers the riser support structure for the Inpex-operated Ichthys liquefied natural gas project's subsea umbilical, riser, flowline development offshore Western Australia.

McDermott Bags Offshore Pipeline Deal for Brunei's Champion, Ampa Fields
Wednesday, November 12, 2014 McDermott bags a three year deal from Brunei Shell Petroleum to transport and install pipelines and umbilicals for the Champion and Ampa fields offshore Brunei.

McDermott Lands T&I Contract for Bukit Tua Project Offshore East Java
Tuesday, October 21, 2014 McDermott lands a transportation, installation and pre-commissioning contract from a Petronas unit for the offshore Bukit Tua project in Ketapang block, East Java, Indonesia.

McDermott Creates World's Largest Specialty Valves for Ichthys Project
Friday, October 03, 2014 McDermott creates the world's largest specialty valves for use in Australia's Ichthys gas project.

Neptune Marine Services Lands Subcontracts for Ichthys LNG Project Off WA
Thursday, September 18, 2014 Neptune Marine Services lands two subcontracts from McDermott Australia for the Ichthys liquefied natural gas project offshore Western Australia.

McDermott, PT Encona Clinch EPC Deal for Chevron's Gendalo-Gehem Project
Monday, June 02, 2014 McDermott and PT Encona Inti Industri clinch an engineering, procurement and construction contract for the Gendalo-Gehem deepwater natural gas project offshore East Kalimantan, Indonesia.

McDermott Mobilizes DB 101 to Offshore East Java for Heavy-Lift Work
Thursday, May 01, 2014 McDermott discloses that the firm's Derrick Barge 101 recently mobilized to offshore East Java, Indonesia for a heavy-lift project.

McDermott to Re-Enter North Sea with Spoolbase Deal
Friday, April 18, 2014 McDermott's subsidiary signs an option agreement with PD Ports which gives it the exclusive right to operate a spoolbase to serve projects in the North Sea.

Floatec Installs P-61 TLWP in Papa Terra Field in the Campos Basin
Thursday, April 10, 2014 Floatec installs the P-61 tension leg wellhead platform in the Papa Terra field in the Campos Basin offshore Brazil.

McDermott's China JV Clinches Fabrication Contract from Jord
Friday, March 28, 2014 McDermott's joint venture in China clinches a module fabrication contract from Jord Oil and Gas Systems.

McDermott to Supply Vessel for Umbilical, Pipeline Work for Petrobras
Friday, March 21, 2014 McDermott inks agreement to supply Petrobras its subsea Lay Vessel North Ocean 105 for umbilical and pipe installation offshore Brazil.

BSP Awards T&I Contract to McDermott's Unit for Offshore Brunei Project
Friday, March 07, 2014 Brunei Shell Petroleum awards a transportation and installation contract for the Champion Waterflood B2/3 project offshore Brunei to a McDermott International's subsidiary.

McDermott's Unit Bags $200M EPCI Deal for Work in the Arabian Gulf
Thursday, November 21, 2013 McDermott International discloses that one of its subsidiaries bagged a $200 million engineering, procurement, construction and installation contract for work in the Arabian Gulf.

McDermott Appoints David Dickson as President and CEO
Friday, October 18, 2013 McDermott International appoints David Dickson as president and CEO to succeed Stephen Johnson, who will retire in December.

McDermott, THHE Formalize JVs to Tap Malaysia's EPCIC Market
Friday, October 04, 2013 McDermott and TH Heavy Engineering formalize joint ventures set up to tap opportunities in Malaysia's engineering, procurement, construction, installation and commissioning sector.

PT IKM Indonesia Bags Subcontract for Kepodang Gas Project off Central Java
Wednesday, October 02, 2013 PT IKM Indonesia bags a subcontract from PT McDermott Indonesia for the Kepodang Gas Project in the Muriah Production Sharing Contract off Central Java, Indonesia.

McDermott Scores Subsea Work at ExxonMobil's Julia Field
Monday, July 01, 2013 McDermott has been awarded an engineering, procurement and construction (EPC) contract by ExxonMobil for its Julia development.

McDermott Clinches $900M in Arabian Gulf Work
Monday, April 08, 2013 McDermott's subsidiary receives a contract for two projects, approx. $900 million, for a customer in the Arabian Gulf.

McDermott Gets LOA for Litoral Project in Mexico
Monday, January 14, 2013 PEMEX has awarded McDermott International a letter of award for a turnkey contract for the PB-Litoral-A production platform in the Litoral Tabasco Tsimin-Xux fields.

Aker, McDermott Ink Ichthys Contract
Thursday, December 20, 2012 Aker Solutions has signed a contract with a subsidiary of McDermott for the delivery of subsea tie-in connectors to the Ichthys LNG project.

Shell, McDermott and Petrofac Win OPITO Safety Awards
Tuesday, November 27, 2012 The 2012 OPITO Safety and Competency Awards see wins for a Shell employee as well as McDermott Middle East and Petrofac.