McDermott International Inc.
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About
McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry.
For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world.
Operating in more than 54 countries, McDermott's locally focused and globally-integrated resources include approximately 32,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.
Editor's note: Updated Aug. 28, 2019.
Transactions
McDermott Moves Forward With $2.7 Billion Sale Of Lummus Technology
McDermott Moves Forward With $2.7 Billion Sale Of Lummus Technology
McDermott Moves Forward With $2.7 Billion Sale Of Lummus Technology
McDermott Moves Forward With $2.7 Billion Sale Of Lummus Technology
McDermott, CB&I Agree To Combine In $6 Billion Transaction
McDermott, CB&I Agree To Combine In $6 Billion Transaction
McDermott, CB&I Agree To Combine In $6 Billion Transaction
McDermott, CB&I Agree To Combine In $6 Billion Transaction
McDermott Finalizes $31.7 Million Sale Of Harbor Island Property
McDermott Finalizes $31.7 Million Sale Of Harbor Island Property
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New Financings
McDermott International Inc. said Oct. 21 it has entered into an agreement with certain of its secured…
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News
E&P Highlights: Oct. 7, 2024
Here’s a roundup of the latest E&P headlines, including a major announcement from BP and large contracts in the Middle East.
McDermott to Sell Storage Business to Mason Capital-led Consortium
Roughly seven years after McDermott International acquired CB&I for $6 billion, the storage solutions business is being sold to a consortium led by Mason Capital Management.
E&P Highlights: Sept. 23, 2024
Here's a roundup of the latest E&P headlines, including Turkey receiving its first floating LNG platform and a partnership between SLB and Aramco.
Golden Pass LNG’s not so Golden Days
The $9.25 billion Golden Pass LNG project is arguably not having a golden moment at eight months behind schedule and some $2 billion over budget. Owners QatarEnergy and Exxon Mobil Corp. have begun damage control.
Energy Transition in Motion (Week of June 21, 2024)
Here is a look at some of this week’s renewable energy news, including record-setting first quarter energy storage capacity in the U.S.
McDermott Secures Contract for $8.7B Hydrogen, Ammonia Project
McDermott said the project, being developed in Canada, will use wind and solar energy to produce hydrogen and ammonia.
Deepwater Roundup 2024: Offshore Australasia, Surrounding Areas
Projects in Australia and Asia are progressing in part two of Hart Energy's 2024 Deepwater Roundup. Deepwater projects in Vietnam and Australia look to yield high reserves, while a project offshore Malaysia looks to will be developed by an solar panel powered FPSO.
Deepwater Roundup 2024: Offshore Africa
Offshore Africa, new projects are progressing, with a number of high-reserve offshore developments being planned in countries not typically known for deepwater activity, such as Phase 2 of the Baleine project on the Ivory Coast.
E&P Highlights: April 1, 2024
Here’s a roundup of the latest E&P headlines, including new contract awards.
McDermott Consortia Scoops Up Two Ruya Project Contracts
The EPCIC contracts support the expansion of the offshore Al-Shaheen Field, Qatar’s largest oil field.
E&P Highlights: Jan. 29, 2024
Here’s a roundup of the latest E&P headlines, including activity at the Ichthys Field offshore Australia and new contract awards.
Talos Appoints John Spath as EVP, Head of Operations
Talos Energy’s appointment of Spath succeeds Bob Abendschein as executive vice president.
E&P Highlights: Dec. 4, 2023
Here’s a roundup of the latest E&P headlines including a number of field development project contract awards.
E&P Highlights: Nov. 27, 2023
Here’s a roundup of the latest E&P headlines, including contract awards and BSEE’s report on the May 2021 fatality in Eugene Island Block 158 in the Gulf of Mexico.
E&P Highlights: Nov. 13, 2023
Here’s a roundup of the latest E&P headlines, including a small but commercial discovery in the North Sea and new contract awards.