McDermott International, Inc. reported net income of $20.6 million, or $0.09 per fully diluted share, for the quarter ended March 31, 2013. The results for the first quarter 2013 dropped compared to income from continuing operations of $61.9 million, or $0.25 per fully diluted share, in the corresponding period of 2012. Weighted average common shares [...]
McDermott International, Inc. announced today that one of its subsidiaries has been awarded two projects for a customer in the Arabian Gulf. The value of these contracts is approximately US$900 million and is included in McDermott’s first quarter 2013 backlog. The first project includes engineering, procurement, construction and installation of a new tie-in platform, with [...]
April 8, 2013 | Posted in
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McDermott International, Inc. has acquired all of the outstanding shares of the DeepSea operating companies. Terms of the purchase are not being disclosed. Headquartered in London, England, with engineering offices in Houston, Europe and Asia Pacific, DeepSea’s specialty services encompass subsea engineering and project management and extend from the wellhead to fixed, floating or shore-based [...]
McDermott International, Inc. has reported net income of $40.5 million, or $0.17 per diluted share, for the 2012 fourth quarter. The results of the 2012 fourth quarter compare to income from continuing operations of $9.3 million, or $0.04 per diluted share, in the corresponding period of 2011. Weighted average common shares outstanding on a fully [...]
McDermott International, Inc. announced today that its Indonesian subsidiary has been awarded a contract by PC Muriah Ltd., an affiliate of PETRONAS Carigali Sdn. Bhd., to develop offshore surface facilities and an infield flowline for the Kepodang Field, located approximately 180 kilometers northeast of Semarang, Central Java, in water depths of up to 70 meters. [...]
McDermott International, Inc. has teamed up with industry leader Allseas to provide a robust project execution strategy for the front-end engineering and design (“FEED”) of a subsea natural gas pipeline system and subsea infrastructure installation project for US independent Anadarko Petroleum offshore Mozambique. The successful pair was awarded a FEED contract by Anadarko in January [...]
January 17, 2013 | Posted in
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McDermott International, Inc. announced today that one of its subsidiaries has received a letter of award for a turnkey contract for the PB-Litoral-A production platform for PEMEX Exploracion y Produccion in the Litoral Tabasco Tsimin-Xux fields. The value is approximately US$230 million and will be included in McDermott’s fourth quarter 2012 backlog. “This project reaffirms [...]
Norwegian subsea entrepreneur Ocean Installer and leading offshore engineering and construction company McDermott have established an exclusive alliance to jointly meet customers’ increasing rigid pipelay needs in the North Sea subsea market. The alliance marks McDermott’s re-entry into the North Sea and establishes Ocean Installer as a tier one North Sea contractor by adding rigid [...]
January 7, 2013 | Posted in
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The international oil services provider Aker Solutions has signed a contract with a subsidiary of McDermott for the delivery of subsea tie-in connectors to the Ichthys LNG Project. The contract is valued at NOK 500 million (USD 89.6 million). The scope of work includes the delivery of 6″-18″ horizontal and vertical diverless tie-in connectors to [...]
December 20, 2012 | Posted in
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McDermott International, Inc. has been awarded a cable procurement and installation project for Saudi Aramco in the Safaniya, Abu Safah and Marjan fields in the Arabian Gulf. The contract, issued under the existing Long Term Agreement, will include the procurement, transportation, installation, hookup and testing of seven composite cables and corresponding anode sleds. “McDermott’s history [...]
