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Items Tagged with 'McDermott'

ARTICLES

Iran-Israel-US War

Prolonged Strait of Hormuz Closure Could Upend Global Economies, Energy Sector Survey Says

Expert with consultant Wood-Mackenzie sees shutdown becoming "far more than an energy crisis," as contractor McDermott International sees growth in regional infrastructure rebuilding

Debra K. Rubin

May 27, 2026

No Comments

Shutdown of shipping through Persian Gulf is "far more than an energy crisis,” says Wood-Mackenzie analysis—as contractor McDermott International sees growth in region infrastructure restoration work.

Oil and Gas

2024 Global Sourcebook: Gulf of Mexico Oil Fields Set for Development

Spanish energy giant Repsol awards FEED contract to McDermott International

Debra K. Rubin

December 19, 2024

No Comments

US contractor McDermott International Ltd. has been awarded a front-end engineering contract by a unit of Spain-based energy company Repsol to develop the Polok and Chinwol oil fields in the Gulf of Mexico.

Companies

Fluor Agrees to $14.5M Fixed-Price Project Cost Pact with SEC

Debra K. Rubin

September 7, 2023

No Comments

The contractor does not "admit or deny" charges on legacy project accounting violations, says federal regulator, but it cooperated with financial reporting probe—as agency reached similar pact with former McDermott executives in June.

Companies

McDermott International Names Industry Veteran Michael McKelvy as CEO

Debra K. Rubin

February 1, 2022

No Comments

Former Gilbane Building Co. succeeds Lee McIntire, the offshore contractor's interim CEO and his former boss at CH2M; Thomas M. Laird Jr. takes CEO job at New England-based Gilbane

68 US Companies Get Federal Support to Supply Mozambique LNG Project

Shem Oirere

August 12, 2020

No Comments

Firms from Florida, Georgia, Louisiana, New York, Oklahoma, Pennsylvania, Tennessee, Texas and Washington, D.C. will deliver equipment and services exports worth $1.8 billion, with U.S. Export-Import Bank financing.

Companies

Contractor McDermott Intl. Files Chapter 11 Plan to Cut Debt, Fund Operations

Debra K. Rubin

Gary J. Tulacz

January 21, 2020

2 Comments

Energy megaproject firm's bankruptcy includes expected $2.7B sale of its Lummus Technology unit to PE investors and another $2.8B from lenders to operate.

Companies

Oil Services Giant Subsea 7 Makes Hostile $2B Bid for McDermott

Debra K. Rubin

April 23, 2018

No Comments

US engineer's board rejects the London-based giant's bid, which would require halting a planned buy of CB&I, but the offer may rise. One analyst is not keen on the counter offer.

Companies

Energy Giants McDermott, CB&I Agree To $6-Billion Stock Swap Merger

Debra K. Rubin

December 20, 2017

No Comments

Firms see $250 million in cost synergies, but their shares drop as market is cautious on the deal.

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Items Tagged with 'McDermott'

ARTICLES

Prolonged Strait of Hormuz Closure Could Upend Global Economies, Energy Sector Survey Says

2024 Global Sourcebook: Gulf of Mexico Oil Fields Set for Development

Fluor Agrees to $14.5M Fixed-Price Project Cost Pact with SEC

McDermott International Names Industry Veteran Michael McKelvy as CEO

68 US Companies Get Federal Support to Supply Mozambique LNG Project

Contractor McDermott Intl. Files Chapter 11 Plan to Cut Debt, Fund Operations

Oil Services Giant Subsea 7 Makes Hostile $2B Bid for McDermott

Energy Giants McDermott, CB&I Agree To $6-Billion Stock Swap Merger

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