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HOUSTON , Nov. 4, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today reported revenues of $2.1 billion , a net loss of $1.9 billion , or $(10.37) per diluted share, and an operating loss of $1.7 billion for the third quarter of 2019. The net loss was due...
HOUSTON , Oct. 30, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced the signing of a Memorandum of Understanding (MOU) with Darwin Clean Fuels Pty Ltd. The MOU is for the feasibility study, technology, front-end engineering design (FEED) and engineering ...
HOUSTON , Oct. 28, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced substantial completion of PEMEX Exploracion y Produccion's Abkatun-A2 Platform. The production platform is located in Mexico's Bay of Campeche in the Gulf of Mexico . This milestone mean...
McDermott ( MDR -5% ) says it was awarded a sizeable fabrication subcontract for the BP-operated Greater Tortue Ahmeyim natural gas project offshore Mauritania and Senegal. More news on: McDermott International, Inc., Energy stocks news, Read more ...
We track short interest data in the market because it often times presents good trading opportunities with the potential for large price swings potentially highlighting market pricing discrepancies. There's no secret in how to interpret the data, stocks that are heavily shorted for one reason ...
HOUSTON , Oct. 24, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* fabrication subcontract for the Greater Tortue Ahmeyim natural gas project. "This award reflects the value of holistic project planning to get the best outcom...
Note: I have covered McDermott International ( MDR ) previously, so investors should view this as an update to my earlier articles on the company. On Tuesday, I provided my assessment of McDermott's new, up to $1.7 billion bridge loan facility from a consortium of existin...
The market reaction to the announcement that McDermott International ( MDR ) secured $1.7 billion of loan financing has got to leave a neutral observer scratching their head. Clearly, the market reaction showed that logic was in short supply. The announcement of any financing was a major a...
Note: I have covered McDermott International ( MDR ) previously, so investors should view this as an update to my earlier article on the company. On Monday, ailing oil-and-gas engineering and construction company McDermott International secured an up to $1.7 billion bridge loan...
HOUSTON , Oct. 22, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has been awarded a large* contract by Saudi Aramco and Total Raffinage Chimie (Total) to provide licenses, basic engineering package, extended basic engineering, training, technical service...
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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. ...