McDermott Appoints Krummel as CFO
McDermott International announced the appointment of Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately. Krummel joined McDermott in 2016 and previously served as the company's Global Vice President…
McDermott in Financing Deal of Up to $1.7 Bln
U.S. oilfield services company McDermott International Inc on Monday agreed with some of its lenders for additional funding of up to $1.7 billion, sending its shares up 25% in trading before the bell.Under the terms,…
Saudi Aramco, McDermott Plan New Facility
Saudi Aramco on Tuesday signed a land lease agreement with McDermott Arabia Company to establish a facility for large scale fabrication of offshore platforms and onshore/offshore modules located within the King Salman…
McDermott Gets Saipem as Partner for NextDecade
McDermott International announced that it plans to partner with the Italian oil and gas industry contractor Saipem S.p.A. to bid for NextDecade's planned Rio Grande LNG project in Brownsville, Texas."Our joint bid with…
McDermott Closing CB&I Deal
Offshore engineering firm McDermott International Inc will close its acquisition of Chicago Bridge and Iron Co NV on Thursday, creating an integrated onshore and offshore services group that will expand its presence in…
McDermott Names Flagship Pipelayer in Singapore
McDermott International, Inc. formally named its flagship Derrick Lay Vessel 2000 (DLV 2000) during a ceremony at the Keppel Singmarine Shipyard in Singapore. Brenda Cuthbertson, wife of 38-year McDermott employee and Asia Area Vice President Hugh Cuthbertson…
McDermott, L&T Enter Agreement for India Deepwater Market
McDermott International, Inc. (NYSE: MDR) signed a long-term exclusive agreement with L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, focused on subsea projects offshore the east coast of India.
McDermott, GE Launch io Oil & Gas Consulting
McDermott International, Inc. and GE Oil & Gas launched io oil and gas consulting, a new independent venture for front-end offshore field development. “The io holistic offering is an innovative approach that leverages the experience of two leading contractors…
Tension Leg Platform Installed off Brazil
McDermott International, Inc. announced the installation of the P-61 Tension Leg Wellhead Platform (TLWP) for the PPT BV Joint Venture, consisting of Petrobras and Chevron. Once fully commissioned and operational, the…
McDermott Get Big Middle East Offshore Contract
McDermott International, Inc. informs that one of its subsidiaries has been awarded a large engineering, procurement, construction and installation (“EPCI”) project by an operator in the Arabian Gulf. The award is included in McDermott’s fourth quarter 2013 backlog.
