Search results for: McDermott

5191 results

A list of search results

  • 6 April 2018
    Business & Finance

    McDermott has once again urged its shareholders to vote “FOR” the proposal amid objections by one company which owns nearly 2% of McDermott. 

  • 20 February 2019
    Project & Tenders

    McDermott International said it has bagged two contracts, to provide transportation and installation of offshore structures, pipelines and pre-commissioning work for the Pan Malaysia field development located off the shore of Sarawak, Malaysia.

  • 27 July 2016
    Business & Finance

    McDermott International and Nakilat-Keppel Offshore Marine (N-KOM), have announced a Memorandum of Understanding for an exclusive cooperation agreement to pursue offshore engineering, procurement, construction and installation (EPCI) projects within Qatari waters. According to McDermott, under the five-year agreement, McDermott and N-KOM, the joint venture shipyard between Qatar’s Nakilat and Keppel Offshore & Marine, will develop […]

  • 18 April 2018
    Business & Finance

    As the clock ticks on McDermott and CB&I merger, another firm has decided to weigh in on the proposed plan. 

  • 12 April 2019
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    McDermott has won an engineering, procurement, construction and installation (EPCI) contract from Qatargas for expansion of the North Field offshore facilities in the State of Qatar. The contract for new facilities includes the full suite of EPCI services for eight new offshore jackets. McDermott plans to use its project management and engineering teams in Doha, […]

  • 4 January 2017
    Business & Finance

    McDermott has been awarded a contract from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of four jackets and three gas observation platforms offshore Saudi Arabia. The American EPCI company said on Wednesday that the total weight of all structures combined is 11,595 tons. “As the third fast-track jacket contract from Saudi Aramco […]

  • 9 May 2014
    Equipment

    Helix Energy Solutions Group, Inc. has through its Robotics subsidiary, Canyon Offshore, Inc., reached an agreement with a subsidiary of McDermott International, Inc. to provide remotely operated vehicle (ROV) services and equipment for McDermott’s fleet of subsea construction and pipelay support vessels. The agreement is for a fixed term of three years with options to […]

  • 25 February 2020
    Business & Finance

    McDermott broke ground on its new fabrication facility within the Saudi Arabian maritime complex.

  • 25 April 2018
    Business & Finance

    Subsea 7 has re-affirmed its interest in acquiring McDermott International, a Houston based EPCI contractor. To remind, McDermott has rejected the takeover offer placed by Subsea 7 on April 17, 2018, to acquire the entire issued share capital of the company for USD 7.00 per share, payable entirely in cash or up to 50% in Subsea 7 […]

  • 4 January 2017
    Operations & Maintenance, Project & Tenders

    McDermott has been awarded a contract from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of four jackets and three gas observation platforms offshore Saudi Arabia. The total weight of all structures combined is 11,595 tons. “As the third fast-track jacket contract from Saudi Aramco in the last 18 months, this award is […]

  • 3 May 2018
    Business & Finance

    McDermott and CB&I have both received the necessary stockholder approvals to complete the proposed merger, McDermott said on Wednesday.

  • 24 January 2018
    Business & Finance

    McDermott has been awarded a large contract from Saudi Aramco for the engineering, procurement, construction and installation of 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields, offshore Saudi Arabia.

  • 30 January 2017

    Offshore installation player McDermott is reportedly set to acquire the offshore construction vessel Ceona Amazon, and at what discount! According to Nor-Ocean, which cited industry sources, McDermott is expected to finalize the acquisition in February for an estimated $80 million. The shipbroker points out the price would be at some 80 percent discount compared to […]

  • 6 August 2013
    Business & Finance

    McDermott International, Inc. (“McDermott” or the “Company”) announced that John T. McCormack, Executive Vice President and Chief Operating Officer, has advised the Company of his intention to retire, effective in the fourth quarter of this year. Mr. McCormack (age 66) has been with McDermott for ten years and has held his current role since 2011. […]

  • 2 May 2012
    Business & Finance

    McDermott International, Inc. has been awarded a brownfield contract to provide two new permanent living quarter modules, including the Front End Engineering Design (“FEED”), design engineering, construction, transportation and installation for BG Trinidad & Tobago Ltd. (“BG”) as operator of North Coast Marine Area (“NCMA”) block. The value of this award will be included in […]

  • 3 May 2018
    Business & Finance, Operations & Maintenance

    McDermott International and CB&I have received the necessary stockholder approvals to complete the proposed business combination. Following the approval of the combination of the two companies, Subsea 7, who made an offer to acquire McDermott, has withdrawn its proposal. Subsea 7’s proposal was a subject to the termination of McDermott’s transaction with CB&I, which McDermott […]

  • 27 August 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    McDermott has been awarded a lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia. Work on the contract is expected to be executed through the second quarter of 2018. The award follows the June 2015 signing of a second Long Term Agreement (LTA) between McDermott and Saudi Aramco for […]

  • 8 October 2015
    Business & Finance

    McDermott International, Inc. on Thursday announced it has been awarded a sizeable brownfield project by Qatar Petroleum for the engineering, procurement, construction and installation (EPCI) of four wellhead jackets. According to McDermott , installation of two jackets in the Bul-Hanine field offshore east of Doha has been scheduled to be completed byDecember 2016 with the […]

  • 8 August 2014
    Business & Finance, Operations & Maintenance

    McDermott International, an engineering, procurement, construction and installation (“EPCI”) company focused on executing complex offshore oil and gas projects worldwide, has officially opened its new UK Office. McDermott’s new office in Epsom, near London, has the latest technology in a bright modern environment with a networking café. According to the company’s social media, the new […]

  • 28 April 2016
    Operations & Maintenance

    McDermott International has completed the deepwater subsea tieback from the Otis well to the Delta House floating production system in the Gulf of Mexico. McDermott’s Lay Vessel North Ocean 105 (LV 105) completed the work, on behalf of LLOG Exploration Offshore, in Mississippi Canyon 79 in water depths ranging from 3,861 feet to 4,420 feet. The scope of work consisted of […]

  • 13 May 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

    Nexus Energy Limited announces that it has executed an agreement with McDermott Asia Pacific Pte. Ltd. to perform engineering and strategy review of the Crux liquids project. Under this agreement, Nexus has the right to review McDermott’s initial works by the end of June 2011. If this review is satisfactory to Nexus, and should FID […]

  • 15 March 2018
    Business & Finance, Operations & Maintenance

    McDermott and CB&I have received antitrust clearance in Russia for their proposed combination. With this clearance, McDermott and CB&I have received all the required competition authority approvals for the transaction. As previously announced on December 18, 2017, McDermott and CB&I agreed to combine in an all-stock transaction to create a premier vertically integrated onshore-offshore company […]