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HOUSTON , July 5, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced it and its joint venture member Chiyoda have reached an agreement with Cameron LNG related to the construction of its LNG liquefaction project in Louisiana . The agreement includes the fol...
HOUSTON , July 2, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced it has completed the first of two offshore campaigns for Reliance Industries Ltd. KG-D6 R-Cluster subsea field development, in the Krishna Godavari Basin, located off the East Coast ...
McDermott ( MDR -0.1% ) has completed the sale of Alloy Piping Products (APP) for undisclosed terms. APP maintains, distributes and manufactures an extensive inventory of commodity fittings and specialty piping components. More news on: McDermott International, Inc., Read more ...
HOUSTON , July 1, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today provided an update on its asset sale process. The company has completed the sale of Alloy Piping Products (APP), the distribution and manufacturing arm of its U.S. pipe fabrication business. APP maint...
McDermott International ( MDR +0.5% ) has been awarded a “large contract” from Saudi Aramco ( ARMCO ) for engineering, procurement, construction and installation services in the Marjan and Zuluf fields, offshore Saudi Arabia. MDR defines a "Large contract" in the $50M-...
HOUSTON , June 24, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a large* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia . The c...
HOUSTON , June 19, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today it successfully achieved substantial completion of Entergy Louisiana's St. Charles Power Station, a combined-cycle gas power station in Montz, Louisiana . This milestone means the pl...
McDermott ( MDR +2.6% ) moves higher after saying it was awarded a sizeable technology contract from Ningbo Union King Polyester Material for the technology license, process design engineering and operator training for a large paraxylene plant in Ningbo, China. More news on: McDermott ...
Construction delays at Freeport LNG are pushing back the startup of Train 2 and Train 3 liquefaction facilities by 4-5 months, according to a field inspection report released by the Federal Energy Regulatory Commission. More news on: McDermott International, Inc., The United States Natur...
HOUSTON , June 13, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by Ningbo Union King Polyester Material Limited for the technology license, process design engineering, and operator training ser...
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NEW YORK , Jan. 21, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE:CIT) will replace Tanger Factory Outlet Centers, Inc. (NYSE:SKT) in the S&P MidCap 400 and Tanger Factory Outlet Centers will replace McDermott International, Inc. (NYSE:MDR) in the S&P SmallCap 600 effective prior...
HOUSTON , Jan. 21, 2020 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) ("McDermott") today announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the Company's funded debt, elimina...
HOUSTON , Jan. 17, 2020 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) with its partners, Chiyoda International Corporation and Zachry Group, today announced the beginning of commercial operation of Train 2 of the Freeport LNG project, owned by Freeport LNG Development, L.P. ...