Saipem warns on 4bn euro Mozambique LNG impact
Saipem has issued a warning over its 4 billion euro ($4.8bn) contract for work on Mozambique LNG, following Total’s declaration of force majeure.
McDermott International
McDermott wraps up project offshore India for Reliance
McDermott International said today it had wrapped up the KG-D6 R Cluster subsea field development project off the east coast of India.
Qatargas awards FEED work to McDermott
Qatargas has awarded front-end engineering and design (FEED) plans on the North Field South (NFS) project to McDermott International.
Oilfield services firm McDermott International secures £410m of new capital
Oilfield services provider McDermott International has secured more than half a billion dollars in new capital.
Former Schlumberger chief Gould joins McDermott board
Oil industry veteran Andrew Gould, a former CEO of Schlumberger, has joined the board of service company McDermott International.
Mozambique LNG site clear of coronavirus
There are no cases of coronavirus at the Mozambique LNG site, in the country’s north, Australia’s RBR Group has reported.
McDermott International exits Chapter 11 bankruptcy
Oil field service company McDermott International shed $4.6 billion debt after emerging from bankruptcy Monday afternoon.
McDermott will seek bankruptcy, enters pact to sell Lummus unit
McDermott International Inc. will file for bankruptcy after the engineering and construction company reached an agreement with creditors to tackle debt acquired through a botched acquisition.
McDermott stock plummets amid rumoured bankruptcy talks
Rumours that Houston oilfield service company McDermott International is engaged in bankruptcy talks with lenders sent the company's stock price plummeting by as much as two-thirds of its value after the close of market on Monday.
McDermott gets delisting warning from New York Stock Exchange
The New York Stock Exchange has issued a delisting warning to struggling Houston oilfield service company McDermott International.
McDermott posts $1.9bn loss amid stock price plunge, project cost overruns
Houston oilfield service company McDermott International posted another steep loss during the third quarter amid falling stock prices and cost overruns on multiple projects, including two liquefied natural gas plants near the Bayou City.
McDermott’s shares soar after confirming £2bn interest in tech unit
McDermott International Inc.’s shares and bonds jumped after the energy industry contractor said it’s exploring the sale of its Lummus Technology business, a move that may give the heavily indebted company some badly needed liquidity.
BP brings in McDermott for Trinidad platform hook-up
Oil giant BP has named McDermott International as the contractor for work on the Cassia C topsides off Trinidad.
Shell awards Perdido contract to McDermott
McDermott International has won a contract to install umbilicals and flowlines at the Shell's Perdido development in the Gulf of Mexico.
McDermott and BHGE share Shwe project win
Oilfield service firms McDermott and BHGE have secured work on the Shwe gas field development offshore Western Myanmar.
Subsea 7 ‘aims for SURF throne’ with McDermott takeover bid
Subsea 7’s £1.4billion takeover bid for McDermott represents a move to “assume the throne” for the global subsea umbilicals, risers and flowlines market (SURF), according to analysts Rystad Energy.
Saudi Aramco contract McDermott in heavyweight jacket deal
US firm McDermott International have been hired by Saudi Aramco to provide 13 jackets to projects off the coast of Saudi Arabia.
McDermott return to North Sea with Tyra project award
Upstream services provider McDermott International Inc have announced a contract award to supply Engineering, Procurement, Construction and Commissioning (EPCC) work to the Maersk Oil Tyra Redevelopment Project.
McDermott plans to build fab yard at Aramco’s east kingdom base
American oilfield services and equipment provider McDermott International intends to build a fabrication yard at a shipbuilding complex planned by national oil giant Saudi Aramco on the kingdom's east coast.