McDermott International faces a claim for “maximum recoverable damages” linked to its failure to complete a contract for BP offshore Mauritania and Senegal.
Saipem’s initial assessment attributed the problem to a software anomaly. This appeared to have led to a tensioner failing.
“By awarding these contracts, we are taking an important step towards realising the full potential of Al-Shaheen field, which produces around half of Qatar’s crude oil today,” said Minister of State for Energy Affairs, and CEO of QE, Saad Sherida Al-Kaabi.
"Set to become one of the largest offshore CCS projects in the world, the Kasawari CCS award showcases the valuable role we have in supporting our clients through the energy transition," said Mahesh Swaminathan, McDermott's senior vice president, subsea and floating facilities.
Allseas will deploy its Pioneering Spirit, the world’s largest construction vessel, to begin in early December 2023. Allseas will also use its Oceanic offshore support vessel.
BP said it was on the look out for more opportunities in the gas value chain. It aims to reach 30mn tpy of LNG in its portfolio by 2030.
McDermott will carry out project management and engineering in Malysia. The company’s DLV2000 heavy lift and pipelay vessel will carry out the offshore installation.
The International Marine Contractors Association (IMCA) has announced that it has named former Subsea 7 and McDermott man, Iain Grainger, as its new chief executive.
The production pipelines will run to the FPSO, a distance of around 80 km. The FPSO removes liquids – primarily water and condensate – and then exports gas to the floating LNG (FLNG) hub, around 35 km away.
Delays in fabrication of a major process module have pushed back progress on the TotalEnergies-led redevelopment of the Tyra field off Denmark.
McDermott International has won one of its largest ever front-end engineering and design (FEED) studies for an oilfield offshore Qatar.
Abu Dhabi National Oil Co. plans to build a new liquefied natural gas plant as the world’s producers race to expand their exports amid surging demand.
McDermott International has joined a group of industry experts focused on developing a hydrogen-led energy hub located at Bacton in Norfolk.
McDermott International has announced the appointment of a new chief executive and president.
McDermott International has landed a contract for a major LNG scheme off the coast of West Australia.
Woodfibre LNG has signed an engineering, procurement, fabrication and construction (EPFC) contract with McDermott International.
Emissions free electricity, generated using natural gas, has been exported onto the grid for the “first time anywhere in the world”.
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 said today it had wrapped up the KG-D6 R Cluster subsea field development project off the east coast of India.
Qatargas has awarded front-end engineering and design (FEED) plans on the North Field South (NFS) project to McDermott International.
Oilfield services provider McDermott International has secured more than half a billion dollars in new capital.
Oil industry veteran Andrew Gould, a former CEO of Schlumberger, has joined the board of service company McDermott International.
There are no cases of coronavirus at the Mozambique LNG site, in the country’s north, Australia’s RBR Group has reported.
Oil field service company McDermott International shed $4.6 billion debt after emerging from bankruptcy Monday afternoon.
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.