Connecting gears of the energy transition

The energy transition is one of the greatest challenges of our time

BHP awards Ruby job to McDermott

McDermott has been awarded a large contract by BHP to provide subsea umbilicals, risers and flowlines (SURF), ...

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McDermott files for bankruptcy to eliminate $4.6B debt

McDermott's restructuring transaction will be implemented through a prepackaged Chapter 11 process that will be ...

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Report: McDermott may file for bankruptcy next week

U.S. engineering and construction services company McDermott International could be filing for bankruptcy over the ...

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McDermott gets delisting warning from NYSE

McDermott has received a continued listing standard notice from the New York Stock Exchange.  

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McDermott shares soar after gaining access to financing

U.S. engineering and construction services company McDermott has gained access to $350 million in financing under ...

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McDermott completes first two jackets for QP's North Field

Qatar Petroleum has announced the completed fabrication of the first two jackets required for offshore facilities ...

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New CFO elected at McDermott

McDermott has appointed Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately.

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Impairments drag McDermott into the red

McDermott reported a loss for the third quarter of 2019 compared to a profit in the same period last year mostly ...

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McDermott hands over Abkatun-A2 production platform to Pemex

U.S. offshore installation and construction firm McDermott has substantially completed Pemex’s Abkatun-A2 Platform ...

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McDermott bags another Greater Tortue Ahmeyim award

McDermott has been awarded a sizeable fabrication subcontract for the BP-operated Greater Tortue Ahmeyim natural ...

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McDermott to get access to $1.7B of new financing

U.S. engineering firm McDermott has entered into an agreement with lenders under which the company would have ...

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McDermott bags Shwe platform FEED

Offshore engineering and construction firm McDermott has received a front-end engineering design (FEED) contract ...

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McDermott receives offers to sell tech unit for over $2.5B

McDermott International has received offers to sell its Lummus Technology business. The oilfield services company ...

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McDermott to build modules for Arctic LNG 2

McDermott's joint venture Qingdao McDermott Wuchuan Offshore Engineering in China has been awarded a large contract ...

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Nexans to supply umbilicals for BP's project

McDermott has awarded a contract to Nexans for the supply of approximately 100 km subsea umbilicals and accessories ...

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McDermott clinches another EPCI job with Saudi Aramco

McDermott International has been awarded another large contract by Saudi Aramco. McDermott said on Thursday that, ...

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McDermott encouraged by record backlog despite $146M loss

McDermott International booked a loss of $146 million for the second quarter of 2019, but the company is encouraged ...

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PHOTO: 'Amazon' arrives in Rotterdam for conversion work

The Amazon construction vessel has arrived in Rotterdam to start its transformation into an ultra-deepwater J-Lay vessel.

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Qatar: McDermott in North Field FEED with QP

Offshore installation and construction firm McDermott has been awarded a contract by Qatar Petroleum (QP) for ...

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McDermott nets $4,5b Marjan field offshore contracts

The award represents the single largest EPCI offshore contract awarded by Aramco

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McDermott wraps up offshore campaign for Reliance

McDermott has completed the first of two offshore campaigns for Reliance Industries Ltd. KG-D6 R-Cluster subsea ...

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