McDermott International Inc (N:MDR)

Business Focus: Oil Related Services and Equipment

Nov 07, 2019 05:55 am ET
McDermott's Lummus Technology Awarded Petrochemicals Contract in China
HOUSTON, Nov. 7, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by Formosa Chemicals Industries Ningbo Limited for the technology license and basic engineering services for a grassroots alpha-methylstyrene (AMS) recovery unit in Ningbo, China. This 10,000 MTA unit will utilize AMS technology jointly licensed by Versalis and McDermott's Lummus Technology to recover specialty chemicals for niche market sale....
Nov 05, 2019 05:55 am ET
McDermott Appoints Chris Krummel as Chief Financial Officer
HOUSTON, Nov. 5, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced the appointment of Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately. Mr. Krummel joined McDermott in 2016 and previously served as the company's Global Vice President, Finance and Chief Accounting Officer. He replaces Stuart Spence, who has resigned from McDermott to pursue other opportunities. ...
Nov 04, 2019 03:15 pm ET
McDermott Reports Third Quarter 2019 Results
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 primarily to non-cash accounting charges of  $1.5 billion related to impairments of goodwill and intangible assets and $256 million of changes in project gross profit on specified projects identified in a covenant of our new Superpriority Credit Agreement.   ...
Oct 30, 2019 06:55 am ET
McDermott Signs Memorandum of Understanding with Darwin Clean Fuels
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 procurement and construction (EPC) for a Clean Fuels Condensate Processing Plant in Darwin, in the Northern Territory, Australia....
Oct 28, 2019 06:55 am ET
McDermott Announces Substantial Completion of PEMEX Abkatun-A2 Platform
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 means the platform has now been turned over to the owner to begin commercial operations. ...
Oct 24, 2019 06:55 am ET
McDermott Awarded Fabrication Subcontract for Greater Tortue Ahmeyim Natural Gas Project
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....
Oct 22, 2019 06:55 am ET
McDermott Awarded Large Contract for Mixed Feed Cracker for the Amiral Complex to be located in Saudi Arabia
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 services and supply of proprietary equipment for what will be one of the world's largest mixed feed crackers. ...
Oct 21, 2019 07:30 am ET
McDermott International Enters into Agreement for up to $1.7 Billion of New Financing
HOUSTON, Oct. 21, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) (collectively with its subsidiaries, the "Company") today announced that it has entered into an agreement (the "Agreement") with certain of its secured lenders (the "Lenders") under which the Company will have access to up to $1.7 billion of additional financing, including letter of credit capacity. Under the terms of the Agreement, McDermott will have immediate access to $650 million of financing comprised of $550 million under a term loan facility and $100 million under a letter of credit facility, before redu...
Sep 24, 2019 06:55 am ET
McDermott Awarded FEED Contract for Shwe Phase 3 Development
HOUSTON, Sept. 24, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced that it was awarded a sizeable* front-end engineering design (FEED) contract by POSCO INTERNATIONAL Corporation for the Shwe Phase 3 gas field development, located offshore Myanmar. ...
Sep 20, 2019 09:31 am ET
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NEW YORK, Sept. 20, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ACB, CRC, MDR, MU, and UBER....
Sep 20, 2019 06:55 am ET
McDermott to Explore Strategic Alternatives for Lummus Technology
HOUSTON, Sept. 20, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced it recently received unsolicited approaches to acquire all or part of Lummus Technology, McDermott's industry-leading technology business, with valuation exceeding $2.5 billion. Based on the receipt of these approaches, McDermott is exploring strategic alternatives to unlock the value of Lummus Technology while maintaining the strategic rationale of engineering, procurement and construction (EPC) pull-through....
Sep 18, 2019 01:38 pm ET
McDermott Statement
HOUSTON, Sept. 18, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE:MDR) routinely hires external advisors to evaluate opportunities for the Company.  The Company is taking positive and proactive measures, as we have done in the past, intended to improve its capital structure and the long-term health of its balance sheet....
Sep 17, 2019 06:55 am ET
Qingdao McDermott Wuchuan Awarded Module Fabrication Contract for Arctic LNG Project
HOUSTON, Sept. 17, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that its joint venture Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd (QMW) in Qingdao, China, has been awarded a large* contract to provide three complex modules for the Arctic LNG 2 Project in the Yamal-Nenets Autonomous Region in Russia. ...
Sep 06, 2019 06:00 pm ET
S&P Dow Jones Indices Announces Nine Companies Set to Join S&P MidCap 400; Ten Companies to Join S&P SmallCap 600
NEW YORK, Sept. 6, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following index adjustments to the S&P MidCap 400 and S&P SmallCap 600 to ensure each index more appropriately represents its market capitalization range. The changes will be effective prior to the open of trading on Monday, September 23 to coincide with the September rebalance. ...
Sep 04, 2019 12:57 pm ET
McDermott, Chiyoda and Zachry Group Announce First Cargo from Freeport LNG Train 1
HOUSTON, Sept. 4, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) along with its partners, Chiyoda International Corporation and Zachry Group, announced today that the first commissioning cargo of liquefied natural gas (LNG) has been shipped from the Freeport LNG project on Quintana Island in Freeport, Texas. Feed gas was introduced into Freeport LNG Train 1 on July 22 and today's announcement of first cargo is a precursor to completion of Train 1....
Aug 19, 2019 06:30 pm ET
Cameron LNG Train 1 Begins Commercial Operation
HOUSTON, Aug. 19, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced the beginning of commercial operation with Train 1 by joint owners Sempra LNG, LLC, Total, Mitsui & Co., Ltd. and Japan LNG Investment, LLC., following its substantial completion. ...
Aug 19, 2019 04:15 pm ET
McDermott, Chiyoda and Zachry Group Announce First Liquid from Freeport LNG Train 1
HOUSTON, Aug. 19, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) along with its partners, Chiyoda International Corporation and Zachry Group, today announced that Train 1 of the Freeport LNG project on Quintana Island in Freeport, Texas, has begun producing liquefied natural gas (LNG). While production is in the initial phases, this significant project milestone is a precursor to first cargo, which is expected later this month....
Aug 12, 2019 06:55 am ET
PetroLogistics Awards McDermott with FEED Contract for 500 KTA Gulf Coast PDH Project
HOUSTON, Aug. 12, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* contract by PetroLogistics ll LLC to perform the front-end engineering design (FEED) services for a propane dehydrogenation (PDH) facility planned for the U.S. Gulf Coast. ...
Aug 01, 2019 06:55 am ET
McDermott Awarded Offshore EPCI Contract by Saudi Aramco
HOUSTON, Aug. 1, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has been awarded a large* contract by Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) of a production deck module (PDM) in the Hasbah gas field with hook-up and modification works in Saudi Arabia's Karan fields located offshore in the Arabian Gulf. ...
Jul 30, 2019 04:15 pm ET
McDermott and BHGE awarded contracts for Ichthys Gas Field Development
HOUSTON, July 30, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE:MDR) and Baker Hughes, a GE company (NYSE: BHGE) announced today that the companies were awarded contracts to provide a joint URF and SPS solution for the INPEX-operated Ichthys Liquefied Natural Gas (LNG) field development, located off the northwest coast of Western Australia.  ...
Jul 30, 2019 07:00 am ET
McDermott Announces Chevron Lummus Global Technology Award for Indian Oil Corporation Ltd.'s Haldia Refinery
HOUSTON, July 30, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that Chevron Lummus Global (CLG), McDermott's joint venture with Chevron, has been awarded a sizeable* license and engineering contract for a 270 TMTPA (thousand metric tons per annum) Lubricants Base Oil plant at Indian Oil Corporation Ltd.'s Haldia Refinery in West Bengal, India. The plant will use CLG's ISODEWAXING and ISOFINISHING technologies....
Jul 29, 2019 04:15 pm ET
McDermott Reports Second Quarter 2019 Financial and Operational Results
HOUSTON, July 29, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today reported revenues of $2.1 billion, a net loss of $(146) million, or $(0.80) per diluted share, and an operating loss of $(61) million for the second quarter of 2019. ...
Jul 25, 2019 07:00 am ET
McDermott Awarded Contract for INDMAX Technology for a Fluid Catalytic Cracking Unit in India
HOUSTON, July 25, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by Indian Oil Corporation Limited (IOCL) for the technology license, basic engineering, proprietary equipment, training and technical services for a grassroots Fluid Catalytic Cracking (FCC) unit using INDMAX Technology, licensed by McDermott's Lummus Technology and developed in partnership with IOCL. This FCC unit is part of a refinery expansion project for IOCL to grow into petrochemicals at the complex in Panipat, Haryana, India. Lummus ...
Jul 22, 2019 07:00 am ET
McDermott, Chiyoda and Zachry Group Introduce Feed Gas to Train 1 at Freeport LNG
HOUSTON, July 22, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) along with its partners, Chiyoda International Corporation and Zachry Group, announced today that Train 1 of the Freeport LNG Liquefaction project on Quintana Island in Freeport, Texas, has reached the final commissioning stage. This includes the introduction of feed gas into Train 1 of the natural gas liquefaction and LNG export facility....
Jul 19, 2019 07:39 am ET
McDermott Awarded Pre-FEED Contract by YPF for Vaca Muerta LNG in Argentina
HOUSTON, July 19, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* contract by Argentina-based YPF, S.A. to provide pre-front-end engineering design (Pre-FEED) services for a five million tonnes per annum (MTPA) LNG Liquefaction Facility, with a potential expansion to 10 MTPA, at the Vaca Muerta Shale field in Argentina....
Jul 15, 2019 07:00 am ET
McDermott Announces Date for Second Quarter 2019 Financial Results and Conference Call
HOUSTON, July 15, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE:MDR) will report financial results for the second quarter of 2019 on Monday, July 29, 2019 after the close of the U.S. markets....
Jul 15, 2019 07:00 am ET
McDermott Awarded FEED Contract for Sohar LNG Bunkering Project in Oman
HOUSTON, July 15, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* contract by Total Oman E&P Development B.V. in partnership with Oman Oil Company S.O.A.C. to provide front-end engineering design (FEED) services for the Sohar LNG Bunkering Project in Oman. This project is intended to establish Oman as a regional LNG bunkering hub capable of supplying LNG as a fuel to marine vessels....
Jul 11, 2019 07:00 am ET
McDermott Announces Successful Startup of World's Largest Catalytic Dehydrogenation Plant
HOUSTON, July 11, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced the recent successful startup of the world's largest catalytic dehydrogenation plant, which is located at Hengli Petrochemical (Dalian) Refinery Co., Ltd.'s site in Liaoning Province, China, and uses McDermott's Lummus CATOFIN® technology. ...
Jul 11, 2019 07:00 am ET
McDermott Awarded Sizeable Offshore Engineering Contract by Qatar Petroleum
HOUSTON, July 11, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* contract by Qatar Petroleum (QP) to carry out front-end engineering and design (FEED) work for offshore wellhead platforms, pipelines and cables associated with the North Field Expansion (NFE) project. ...
Jul 10, 2019 09:31 am ET
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NEW YORK, July 10, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ACB, CEI, MDR, VISL, and VLRX....
Jul 10, 2019 07:01 am ET
McDermott Awarded EPCI Mega-Project by Saudi Aramco for Marjan Package 4
HOUSTON, July 10, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has been awarded a contract in excess of $1.5 billion for Package 4 of Saudi Aramco's Marjan Increment Development Project to provide engineering, procurement, construction and installation (EPCI) of offshore gas facilities and pipelines....
Jul 10, 2019 07:00 am ET
McDermott Awarded Record EPCI Mega-Project by Saudi Aramco for Marjan Package 1
HOUSTON, July 10, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has been awarded a contract in excess of $3 billion for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project to provide engineering, procurement, construction and installation (EPCI) of the Gas-Oil Separation Plant (GOSP), in a consortium with China Offshore Oil Engineering Company (COOEC).  ...
Jul 05, 2019 07:00 am ET
McDermott Announces Agreement with Cameron LNG
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. ...
Jul 02, 2019 07:00 am ET
McDermott Completes First of Two Offshore Campaigns for Reliance KG-D6 R Cluster Project
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 of India. ...
Jul 01, 2019 07:00 am ET
McDermott Provides Update on Asset Sale Process
HOUSTON, July 1, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today provided an update on its asset sale process....
May 23, 2019 03:28 pm ET
McDermott Reaffirms Schedule for Freeport LNG Project
HOUSTON, May 23, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today reaffirmed its previously disclosed schedule for the Freeport LNG project in Freeport, Texas. ...
May 23, 2019 07:00 am ET
McDermott Awarded Petrochemicals Technology Contract in Hungary
HOUSTON, May 23, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by MOL Petrochemicals for the basic engineering, technology license, catalyst and Front End Engineering Design (FEED) for an Olefins Conversion Technology (OCT) unit at MOL's petrochemicals complex in Tiszaújvaros, Hungary. Once complete, this unit will have a production capacity of 100,000 MTA of polymer grade propylene from steam cracker and refinery feedstocks, utilizing Lummus' proprietary OCT, and CDHydro® Deisobutenizer. The unit...
May 22, 2019 02:45 pm ET
McDermott Reaffirms Schedule for Cameron LNG Project
HOUSTON, May 22, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today reaffirmed its previously disclosed schedule for the Cameron LNG project in Hackberry, Louisiana. ...
May 14, 2019 08:41 am ET
McDermott Announces First Liquid from Cameron LNG Train 1
HOUSTON, May 14, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that Train 1 of the Cameron LNG project in Hackberry, La., has begun producing liquefied natural gas (LNG). While production is in the initial phases, this significant project milestone is a precursor to first cargo, which is expected later this quarter....
May 14, 2019 07:00 am ET
McDermott Awarded EPCI Contract by Petrobras for Sepia Field Project
HOUSTON, May 14, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced the award of a significant* contract by Petrobras for engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, located 174 miles (280 kilometers) from the Rio de Janeiro coastline in Brazil. ...
May 13, 2019 07:00 am ET
McDermott Awarded Polypropylene Technology Contract in India
HOUSTON, May 13, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by Chennai Petroleum Corporation Limited (CPCL), a group company of IndianOil, for the license, basic engineering design and proprietary catalyst supply for a 475 KTA (Kilo Tons per Annum) polypropylene plant in Nagapattinam, Tamil Nadu, India. The plant will use Lummus' proprietary Novolen® reactors and proprietary NHP® catalyst and will have the capability to produce a full range of leading polypropylene products for the Indian and regiona...
May 09, 2019 07:00 am ET
McDermott Awarded Sizeable Offshore Contract by ADNOC
HOUSTON, May 9, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* contract by ADNOC to provide FEED services on a design-competition basis for phase one of the Umm Shaif Gas Cap Condensate Development Project. The scope of work also includes the preparation and submission of an EPCI proposal reflecting the design of the offshore facilities developed by McDermott through this FEED work....
May 07, 2019 07:42 am ET
McDermott Comments on Cost Position of Cameron Project
HOUSTON, May 7, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today reiterated the position it had announced on April 29, 2019, that its Cameron LNG project did not experience any material change in its cost position in the first quarter of 2019....
May 02, 2019 04:30 pm ET
McDermott Announces Results of Annual Stockholders' Meeting
HOUSTON, May 2, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today the results of its Annual Meeting of Stockholders held Thursday, May 2, 2019 in London, England. ...
May 01, 2019 07:00 am ET
McDermott Awarded FEED Contract by ADNOC Refining
HOUSTON, May 1, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* contract by ADNOC Refining to provide front-end engineering design (FEED) services for the Refinery Offgases (ROG) project at the Ruwais Refinery in Abu Dhabi. ...
Apr 30, 2019 07:00 am ET
McDermott Awarded EPC Contract by ENI México for Amoca Field Offshore Mexico
HOUSTON, April 30, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced the award of a contract by ENI México for engineering, procurement and construction of wellhead platform one (WHP1) to be installed in the Amoca field, located approximately 18 miles (30 kilometers) offshore Dos Bocas in southeast Mexico. ...
Apr 29, 2019 07:00 am ET
McDermott Completes Final Offshore Campaign for Ichthys LNG Project
HOUSTON, April 29, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE:MDR) announced today it has recently successfully completed the final offshore campaign for the INPEX-operated Ichthys LNG Project, located offshore Western Australia. ...
Apr 29, 2019 07:00 am ET
McDermott Reports First Quarter 2019 Financial and Operational Results
HOUSTON, April 29, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today reported revenues of $2.2 billion and a net loss of $(70) million, or $(0.39) per diluted share, for the first quarter of 2019. Excluding restructuring, integration and transaction costs, as outlined in an accompanying table, the adjusted net income for the first quarter of 2019 was $3 million, or $0.02 per diluted share....
Apr 22, 2019 07:00 am ET
McDermott Awarded Petrochemicals Contract in Kuwait
HOUSTON, April 22, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) and Kuwait Integrated Petroleum Industries Company (KIPIC), a subsidiary of Kuwait Petroleum Corporation (KPC), today announced that KIPIC has awarded McDermott a technology contract for the basic engineering, technology license and catalyst for an integrated Low Pressure Recovery (LPR) and Olefins Conversion Technology (OCT) unit at KIPIC's Petrochemical Refinery Integration Project (PRIZe) in Al Zour, Kuwait. Once complete, this unit will produce 330,000 metric tons per annum of polymer grade propylene using ...
Apr 16, 2019 07:00 am ET
McDermott Announces Date for First Quarter 2019 Financial Results and Conference Call
HOUSTON, April 16, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE:MDR) will report financial results for the first quarter of 2019 on Monday, April 29, 2019 before the opening of the New York Stock Exchange....
Apr 15, 2019 04:32 pm ET
McDermott and Chiyoda Introduce Feed Gas to Train 1 at Cameron LNG
HOUSTON, April 15, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) and its joint venture partner, Chiyoda International Corporation, a U.S.-based wholly-owned subsidiary of Chiyoda Corporation, Japan, today announced that Train 1 of the Cameron LNG project in Hackberry, La., has reached the final commissioning stage. This includes the introduction of pipeline feed gas into Train 1 of the liquefaction export facility, the precursor for the production of liquefied natural gas (LNG)....
Apr 12, 2019 07:00 am ET
McDermott Awarded Large Offshore EPCI Jackets Contract by Qatargas
HOUSTON, April 12, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a large* contract award from Qatargas for engineering, procurement, construction and installation (EPCI) for expansion of the North Field offshore facilities in the State of Qatar....
Apr 03, 2019 07:00 am ET
McDermott Announces Chevron Lummus Global Technology Award in India
HOUSTON, April 3, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that Chevron Lummus Global (CLG), McDermott's joint venture with Chevron, has been has been awarded a sizeable* technology contract by Chennai Petroleum Corporation Limited (CPCL) for the license and basic engineering design of a 2,500 KTA delayed coker at its planned Cauvery Basin Refinery at Nagapattinam in Tamilnadu, India. The unit will utilize the proprietary CLG delayed coking technology which maximizes value from the vacuum residue stream....
Apr 02, 2019 07:00 am ET
McDermott Signs Joint Venture Agreement with Zamil Offshore to Address MMO Market in Saudi Arabia
HOUSTON, April 2, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced it has signed a Joint Venture Agreement with Zamil Offshore to target the Maintenance, Modifications and Operations (MMO) market in Saudi Arabia. ...
Mar 26, 2019 07:00 am ET
McDermott Awarded EPCM Contract for Unipetrol Refinery
HOUSTON, March 26, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a sizeable* contract award from Unipetrol RPA for engineering, procurement and construction management (EPCM) services for its refinery in Litvinov, Czech Republic. ...
Mar 21, 2019 07:00 am ET
McDermott Awarded Substantial Offshore EPCI Contract in the Middle East
HOUSTON, March 21, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a substantial* contract award from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf....
Mar 20, 2019 07:00 am ET
McDermott Announces Ethylene Award in Russia
HOUSTON, March 20, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a large* technology contract for the basic engineering and licensing of Irkutsk Oil Company's (IOC) 650 KTA ethylene plant in Russia, plus the detailed engineering and material supply of six SRT® (Short Residence Time) pyrolysis heaters for the plant. The plant will be designed to produce 650 KTA of polymer grade ethylene from ethane and propane, and will also produce high-purity hydrogen and C5 by-products. ...
Mar 19, 2019 04:30 pm ET
McDermott to Present at the Scotia Howard Weil 47th Annual Energy Conference in New Orleans
HOUSTON, March 19, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE:MDR) Executive Vice President and Chief Financial Officer Stuart Spence is scheduled to speak at the Scotia Howard Weil 47th Annual Energy Conference in New Orleans, Louisiana, on March 25, 2019 at 3:45 p.m. Central time....
Mar 18, 2019 01:37 pm ET
McDermott Announces Substantial Completion of Calpine's York 2 Energy Center Combined-Cycle Power Station
HOUSTON, March 18, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today it successfully achieved substantial completion at Calpine's York 2 Energy Center, a combined-cycle gas power station in Peach Bottom Township, Pennsylvania. This milestone means the plant has now been turned over to the owner to begin commercial operations. ...
Mar 14, 2019 07:00 am ET
McDermott Announces Successful Startup of Largest Ever CDAlky® Reactor in China
HOUSTON, March 14, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced the successful commercialization and startup of its single largest CDAlky® reactor to date at PetroChina's refinery in Jilin, China. The 350,000 metric ton per annum (9,000 barrels per day) plant is one of four CDAlky projects awarded to the company by PetroChina and had an unusually fast schedule from design to operation, with startup occurring just 17 months after initial design. ...
Mar 11, 2019 07:00 am ET
BP Awards Contracts to McDermott and BHGE for Greater Tortue Ahmeyim Natural Gas Project
HOUSTON, March 11, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) and Baker Hughes, a GE company (NYSE: BHGE) have announced today that they have been awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts by BP for the Greater Tortue Ahmeyim natural gas project, located offshore Mauritania and Senegal. BP, BHGE and McDermott are working together to realize efficiencies, synergies and enhanced delivery times. ...
Mar 01, 2019 08:30 am ET
Recent Analysis Shows McDermott International, Nu Skin Enterprises, Marcus, Keysight Technologies, Alder BioPharmaceuticals, and LendingTree Market Influences — Renewed Outlook, Key Drivers of Growth
In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders, and shareholders of McDermott International, Inc. (NYSE:MDR), Nu Skin Enterprises, Inc. (NYSE:NUS),...
Feb 26, 2019 06:00 am ET
McDermott Awarded EPC Contract for Largest Hydrogen Cryogenic Sphere Ever Built for NASA
HOUSTON, Feb. 26, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today it was awarded a sizeable* contract by Precision Mechanical, Inc. for a double wall liquid hydrogen sphere at the John F. Kennedy Space Center in Cape Canaveral, Florida. The scope of the contract includes the engineering, procurement and construction of the sphere, which will be the largest ever built for NASA....
Feb 25, 2019 06:30 am ET
McDermott Reports Fourth Quarter and Full Year 2018 Financial and Operational Results
HOUSTON, Feb. 25, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today reported revenues of $2.1 billion and net loss of $(2.8) billion, or $(15.33) per diluted share, for the fourth quarter of 2018. ...
Feb 25, 2019 06:01 am ET
McDermott Awarded EPCI Contract from Saudi Aramco
HOUSTON, Feb. 25, 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 field, offshore Saudi Arabia. ...
Feb 25, 2019 06:00 am ET
McDermott Awarded Substantial Offshore EPCI Contract from Saudi Aramco
HOUSTON, Feb. 25, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a substantial* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia....
Feb 18, 2019 06:00 am ET
McDermott Announces Contracts for Pan Malaysia Field Development
HOUSTON, Feb. 18, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced two sizeable* contracts, one from Sarawak Shell Berhad (SSB) and one from Sapura Exploration and Production (SEP), to provide transportation and installation of offshore structures, pipelines and pre-commissioning work for the Pan Malaysia field development located off the shore of Sarawak, Malaysia. ...
Feb 15, 2019 12:40 pm ET
McDermott Joins Entergy Texas in Groundbreaking Ceremony for Montgomery County Power Station
HOUSTON, Feb. 15, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today participated in a groundbreaking ceremony with its customer, Entergy Texas, Inc., on the previously announced Montgomery County Power Station (MCPS), a 993-megawatt combined-cycle natural gas power plant in Willis, Texas. McDermott's scope of work on the project includes engineering, procurement, construction and commissioning (EPCC) of a 2x1 combined cycle power station. ...
Feb 14, 2019 08:31 am ET
Thinking about buying stock in Cronos Group, Canada Goose, McDermott International, Electrameccanica or Teva?
NEW YORK, Feb. 14, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CRON, GOOS, MDR, SOLO, and TEVA....
Feb 13, 2019 07:32 am ET
McDermott Offers Comment on Cameron LNG Project
HOUSTON, Feb. 13, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today commented on its assessment of the financial position of the Cameron LNG project as of the end of the fourth quarter of 2018....
Feb 05, 2019 12:15 pm ET
McDermott, Chiyoda and Zachry Group Awarded Golden Pass LNG Export Project in Southeast Texas
HOUSTON, Feb. 5, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR), along with its joint venture partners Chiyoda International Corporation and Zachry Group, announced today that they have been awarded a mega* contract by Golden Pass Products LLC, a joint venture between Qatar Petroleum and ExxonMobil affiliates, to build the export project in Sabine Pass, Texas....
Feb 05, 2019 06:00 am ET
McDermott Signs Contract for Floating Production Unit for the Scarborough Field Gas Development in Australia
HOUSTON, Feb. 5, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced it has signed a contract with Woodside Energy Ltd. to undertake a front-end engineering and design activities for a floating production unit (FPU) for the Scarborough field gas development in Western Australia. ...
Feb 01, 2019 07:25 am ET
Recent Analysis Shows F5 Networks, Mondelez International, Ringcentral, McDermott International, Crane, and MoSys Market Influences — Renewed Outlook, Key Drivers of Growth
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of F5 Networks, Inc. (NASDAQ:FFIV), Mondelez International, Inc....
Jan 28, 2019 06:00 am ET
McDermott Announces Date for Fourth Quarter and Full Year 2018 Financial Results and Conference Call
HOUSTON, Jan. 28, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE:MDR) will report financial results for the fourth quarter and full year of 2018 on Monday, February 25, 2019 before the opening of the New York Stock Exchange....
Jan 28, 2019 06:00 am ET
McDermott Awarded EPCI Subsea Tieback Contract from LLOG for the Stonefly Development
HOUSTON, Jan. 28, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a sizeable* contract award by LLOG Exploration Company, L.L.C.  for deepwater subsea pipeline tiebacks and structures from the Stonefly development to the Ram Powell platform, located approximately 140 miles southeast of New Orleans, Louisiana. ...
Jan 24, 2019 06:00 am ET
McDermott Announces Ethylene Furnace Award in Indonesia
HOUSTON, Jan. 24, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by PT Chandra Asri Perkasa for the detailed engineering of 8 proprietary SRT® (Short Residence Time) ethylene cracking heaters at the Chandra Asri Perkasa (CAP2) ethylene plant in Cilegon, Indonesia. The unit will utilize Lummus Technology's SRT® (Short Residence Time) pyrolysis heater technology to produce 1,100 KTA of ethylene and 600 KTA of propylene. This award follows the company's announcement in April 2018 of a contract for the licen...
Jan 24, 2019 06:00 am ET
McDermott Awarded EPC Contract by BP Trinidad & Tobago for Cassia Compression Project
HOUSTON, Jan. 24, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a significant* contract award by BP Trinidad & Tobago, LLC (bpTT) for the engineering, procurement and construction (EPC) of the Cassia Compression Platform, located 35 miles (57 kilometers) southeast off the coast of Trinidad. ...
Jan 16, 2019 06:00 am ET
McDermott Awarded EPC Contract for CB&I® Storage Tanks in Saudi Arabia
DUBAI, United Arab Emirates, Jan. 16, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced it has been awarded a sizeable* contract from Daelim Saudi Arabia Company Ltd. for engineering, procurement and construction (EPC) of CB&I Storage Tanks for the Ma'aden Ammonia Plant at Ras Al-Khair, Kingdom of Saudi Arabia....
Jan 15, 2019 11:07 am ET
DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (“McDermott” or “the Company”) (NYSE: MDR) for violations of §§10(b) and 20(a) of the...
Jan 14, 2019 07:00 pm ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of EIX, MDR and ATUS
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Jan 14, 2019 04:08 pm ET
DEADLINE TOMORROW: UPDATE for EIX and MDR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Jan 14, 2019 02:09 pm ET
Wolf Popper LLP Files Class Action Lawsuit Against McDermott International, Inc.
NEW YORK, Jan. 14, 2019 /PRNewswire/ -- Wolf Popper LLP has filed a class action lawsuit against McDermott International, Inc. (NYSE: MDR) and certain of its officers, in the United States District Court for the Southern District of Texas (4:19-cv-135) on behalf of all persons and entities that held McDermott common stock as of April 4, 2018, and had the right to vote on the Chicago Bridge & Iron Company N.V. ("CB&I") merger pursuant to the Proxy Statement dated March 29, 2018, and were damaged thereby (the "Action").  This Action alleges claims for violations of Sections 14(a) and 2...
Jan 14, 2019 12:12 pm ET
DEADLINE TOMORROW: The Schall Law Firm Announces it is Investigating Claims Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of McDermott International, Inc. (“McDermott” or “the Company”) (NYSE:
Jan 11, 2019 07:11 pm ET
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of McDermott International, Inc. – MDR
Pomerantz LLP is investigating claims on behalf of investors of  McDermott International, Inc. (“McDermott” or the “Company”) (NYSE: MDR).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext....
Jan 11, 2019 01:00 pm ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of MGI, MDR and PPDF
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Jan 11, 2019 11:02 am ET
DEADLINE TUESDAY: The Schall Law Firm Announces it is Investigating Claims Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of McDermott International, Inc. (“McDermott” or “the Company”) (NYSE:
Jan 10, 2019 02:18 pm ET
SHAREHOLDER ALERT: EIX MDR ATUS: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Jan 09, 2019 05:00 pm ET
CLASS ACTION UPDATE for GSKY and MDR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Jan 09, 2019 01:00 pm ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of GSKY, MGI and MDR
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Jan 09, 2019 07:35 am ET
Detailed Research: Economic Perspectives on TiVo, Harris, J.B. Hunt Transport Services, Align Technology, McDermott International, and Patrick Industries — What Drives Growth in Today's Competitive La
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of TiVo Corporation (NASDAQ:TIVO), Harris Corporation (NYSE:HRS), J.B....
Jan 09, 2019 06:00 am ET
McDermott Awarded EPC Contract for Fuel Tanks in Australia from Puma Energy
HOUSTON, Jan. 9, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced the award of a sizable* tank contract by Puma Energy (Australia) Fuels Pty Ltd for the engineering, procurement and construction of 11 fuel tanks for an import terminal in Kwinana, Western Australia. ...
Jan 08, 2019 05:00 pm ET
CLASS ACTION UPDATE for EIX and MDR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Jan 08, 2019 02:45 pm ET
Deadline Alert: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against McDermott International, Inc.
Law Offices of Howard G. Smith reminds investors of the January 15, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased McDermott International, Inc. (“McDermott” or the “Company”) (NYSE:...
Jan 08, 2019 12:30 pm ET
SHAREHOLDER ALERT: MGI EIX MDR: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Jan 07, 2019 06:19 pm ET
Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against McDermott International, Inc.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the January 15, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased McDermott International, Inc. (“McDermott” or the “Company”)...
Jan 07, 2019 12:05 pm ET
DEADLINE NEXT WEEK: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the F
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (“McDermott” or “the Company”) (NYSE: MDR) for violations of §§10(b) and 20(a) of the...
Jan 07, 2019 12:01 pm ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of EIX, MDR and ATUS
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Jan 05, 2019 09:00 am ET
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of McDermott International, Inc. – MDR
Pomerantz LLP is investigating claims on behalf of investors of McDermott International, Inc. (“McDermott” or the “Company”) (NYSE: MDR).  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext....
Jan 05, 2019 08:00 am ET
MDT LOSS NOTICE: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against McDermott International, Inc.; Important Jan 15 Deadline - MDR
NEW YORK, Jan. 5, 2019 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of McDermott International, Inc. (NYSE: MDR) from January 24, 2018 through October 30, 2018, inclusive (the "Class Period"). The lawsuit seeks to recover damages for McDermott investors under the federal securities laws. If you wish to serve as lead plaintiff, you must move the Court no later than January 15, 2019....
Jan 03, 2019 08:48 am ET
Wolf Popper LLP Announces Investigation on Behalf of Investors in McDermott International, Inc.
NEW YORK, Jan. 3, 2019 /PRNewswire/ -- Wolf Popper LLP is investigating potential securities claims on behalf of shareholders in McDermott International, Inc. (NYSE: MDR).  ...
Jan 02, 2019 02:40 pm ET
CLASS ACTION UPDATE for COST, MGI, EIX and MDR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Jan 02, 2019 11:54 am ET
UPCOMING DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (“McDermott” or “the Company”) (NYSE: MDR) for violations of §§10(b) and 20(a) of the...
Dec 31, 2018 10:23 am ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of ALGN, MGI, MDR and DXC
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Dec 30, 2018 01:24 pm ET
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of McDermott International, Inc. – MDR
Pomerantz LLP is investigating claims on behalf of investors of McDermott International, Inc. (“McDermott” or the “Company”) (NYSE: MDR).  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext....
Dec 28, 2018 04:27 pm ET
Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against McDermott International, Inc.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the January 15, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased McDermott International, Inc. (“McDermott” or the “Company”)...
Dec 28, 2018 03:23 pm ET
MDR LOSS NOTICE ALERT: Rosen Law Firm Reminds McDermott International, Inc. Investors of Important Deadline in Class Action – MDR
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of McDermott International, Inc. (NYSE: MDR) from January 24, 2018 through October 30, 2018, inclusive (the “Class Period”) of the important January 15, 2019...
Dec 26, 2018 12:13 pm ET
SHAREHOLDER ALERT: AQUA, GSKY, MDR, CMCM: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Dec 26, 2018 10:15 am ET
JANUARY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact t
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (“McDermott” or “the Company”) (NYSE: MDR) for violations of §§10(b) and 20(a) of the...
Dec 23, 2018 12:00 pm ET
CLASS ACTION UPDATE for ALGN, AQUA, EIX and MDR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Dec 21, 2018 06:09 pm ET
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of McDermott International, Inc. – MDR
Pomerantz LLP is investigating claims on behalf of investors of McDermott International, Inc. (“McDermott” or the “Company”) (NYSE: MDR). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext....
Dec 21, 2018 02:19 pm ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of OZK, RYAAY and MDR
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Dec 21, 2018 09:32 am ET
McDermott Announces First Fire at Calpine's York 2 Energy Center Combined-Cycle Power Station
HOUSTON, Dec. 21, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today that it successfully achieved first fire of units 5 and 6 and steam blows at Calpine's York 2 Energy Center, a combined-cycle gas power station in Peach Bottom Township, Pennsylvania. ...
Dec 21, 2018 06:00 am ET
McDermott Announces Date for 2019 Annual Meeting of Stockholders
HOUSTON, Dec. 21, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today that the Company's 2019 Annual Meeting of Stockholders will be held on Thursday, May 2, 2019, in London, England. Additional information regarding the Company's 2019 Annual Meeting of Stockholders, including the record date, will be disclosed in the Company's Proxy Statement which the Company plans to file with the Securities and Exchange Commission in March 2019....
Dec 20, 2018 03:44 pm ET
MDR DEADLINE ALERT: Rosen Law Firm Reminds McDermott International, Inc. Investors of Important Deadline in Class Action – MDR
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of McDermott International, Inc. (NYSE: MDR) from January 24, 2018 through October 30, 2018, inclusive (the “Class Period”) of the important January 15, 2019...
Dec 20, 2018 02:46 pm ET
SHAREHOLDER ALERT: AQUA TSRO MGI MDR: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Dec 18, 2018 04:14 pm ET
CLASS ACTION UPDATE for TSRO, EIX and MDR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Dec 18, 2018 03:18 pm ET
McDermott Selects New Building for Corporate Headquarters
HOUSTON, Dec. 18, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) has signed a lease for the new office building to serve as its corporate headquarters and will consolidate approximately 1,700 employees across five locations in the Houston area into one location....
Dec 18, 2018 12:41 pm ET
UPCOMING DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (“McDermott” or “the Company”) (NYSE: MDR) for violations of §§10(b) and 20(a) of the...
Dec 18, 2018 06:00 am ET
McDermott Awarded Two Polypropylene Technology Contracts in India
HOUSTON, Dec. 18, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded two sizeable* technology contracts by Indian Oil Corporation Ltd. (IOCL) for the license and basic engineering design of a 200 KTA polypropylene plant in Barauni, India, as well as a 420 KTA polypropylene plant in Gujarat, India. Indian Oil Corporation is the leading refiner and a major petrochemical player in India. Both plants will use Lummus' proprietary NOVOLEN® process reactors and proprietary NHP® catalyst to produce a wide range of leading polypropylene products fo...
Dec 16, 2018 10:00 am ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of OZK, FIT, RYAAY, MDR and PPDF
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Dec 13, 2018 05:46 pm ET
SHAREHOLDER ALERT: JT CWH HON OZK ALGN FIT RYAAY MDR PPDF APHA: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Dec 13, 2018 04:23 pm ET
SHAREHOLDER ALERT: JT CWH HON OZK ALGN FIT RYAAY MDR PPDF APHA: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Dec 12, 2018 04:12 pm ET
CLASS ACTION UPDATE for MDR and TS: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Dec 12, 2018 08:00 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within Procter & Gamble, Qorvo, McDermott International, Chanticleer, ChromaDex, and Taubman Centers — New Research Emphasizes Economic Gro
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Procter & Gamble Company (NYSE:PG), Qorvo, Inc. (NASDAQ:QRVO),...
Dec 12, 2018 06:00 am ET
Western Gas Selects McDermott and BHGE as Development Partner for Equus Gas Project in Australia
HOUSTON, Dec. 12, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced they, with Baker Hughes, a GE company, have signed a memorandum of understanding (MOU) with Western Gas Corporation Pty Ltd to be the exclusive development partners for the Equus Gas Project in Western Australia. The companies were also awarded a contract to support the planning phases of the project....
Dec 11, 2018 05:50 pm ET
Deadline Alert: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against McDermott International, Inc.
Law Offices of Howard G. Smith reminds investors of the January 15, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased McDermott International, Inc. (“McDermott” or the “Company”) (NYSE: MDR) securities between January 24, 2018 and October 30, 2018, incl
Dec 11, 2018 04:40 pm ET
INVESTOR NOTICE REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (“McDermott” or “the Company”) (NYSE: MDR) for violations of §§10(b) and 20(a) of the...
Dec 11, 2018 06:00 am ET
McDermott Awarded EPC Contract for CB&I Storage Tanks by Nan Ya Plastics Corporation
HOUSTON, Dec. 11, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a contract award for CB&I storage tanks from Nan Ya Plastics Corporation. McDermott's scope of work includes the engineering, procurement, fabrication and construction of four internally framed stainless-steel umbrella roof tanks in Point Comfort, Texas.  ...
Dec 10, 2018 04:40 pm ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of NKTR, GSKY, RBBN (SONS), MDR and TX
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Dec 09, 2018 11:07 am ET
CLASS ACTION UPDATE for AQUA, TSRO, MDR and TX: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Dec 07, 2018 05:35 pm ET
Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against McDermott International, Inc.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the January 15, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased McDermott International, Inc. (“McDermott” or the “Company”) (NYSE:
Dec 07, 2018 05:31 pm ET
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of McDermott International, Inc. – MDR
Pomerantz LLP is investigating claims on behalf of investors of McDermott International, Inc. (“McDermott” or the “Company”) (NYSE: MDR).  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext....
Dec 07, 2018 02:02 pm ET
SHAREHOLDER ALERT: COST IGCC EIX MDR TX MAR CMCM CURO LOMA: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Dec 06, 2018 08:07 pm ET
Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of McDermott International, Inc. Investors
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased McDermott International, Inc. (“McDermott” or the “Company”) (NYSE: MDR) securities between January 24, 2018 and October 30, 2018, inclusive (the “Class Period”). McDermott invest
Dec 06, 2018 04:16 pm ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of SFIX, DY, GSKY and MDR
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Dec 06, 2018 03:30 pm ET
McDermott Awarded FEED Contract by Meridian Energy Group for North Dakota Grassroots Refinery
HOUSTON, Dec. 6, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a sizeable* contract award for front-end engineering design (FEED) services of the Davis Refinery Project in Billings County, North Dakota, a grassroots refinery that is being developed by Meridian Energy Group Inc. ...
Dec 06, 2018 03:03 pm ET
INVESTOR NOTICE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact th
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (“McDermott” or “the Company”) (NYSE: MDR) for violations of §§10(b) and 20(a) of the...
Dec 04, 2018 02:37 pm ET
CLASS ACTION UPDATE for MDR, ATUS and PPDF: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Dec 03, 2018 05:35 pm ET
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of McDermott International, Inc. - MDR
NEW YORK, Dec. 3, 2018 /CNW/ -- Pomerantz LLP is investigating claims on behalf of investors of  McDermott International, Inc. ("McDermott" or the "Company") (NYSE: MDR).  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980....
Dec 03, 2018 05:35 pm ET
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of McDermott International, Inc. - MDR
NEW YORK, Dec. 3, 2018 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  McDermott International, Inc. ("McDermott" or the "Company") (NYSE: MDR).  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980....
Dec 02, 2018 10:00 am ET
SHAREHOLDER ALERT: APOG SFIX DY FIT RYAAY TSRO MDR ATUS PPDF BA: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Nov 30, 2018 02:18 pm ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of GSKY, MDR and ATUS
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Nov 29, 2018 05:58 pm ET
MDR LOSS NOTICE ALERT: Rosen Law Firm Reminds McDermott International, Inc. Investors of Important Deadline in Class Action– MDR
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of McDermott International, Inc. (NYSE:MDR) from January 24, 2018 through October 30, 2018, inclusive (the “Class Period”) of the important January 15, 2019 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for McDermott investors under the federal securities laws.
Nov 29, 2018 11:59 am ET
CLASS ACTION UPDATE for TSRO, MGI and MDR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Nov 29, 2018 08:08 am ET
McDermott Closes Previously Announced Private Placement of $300 Million of Redeemable Preferred Stock and Warrants and $230 Million Increase in Letter-of-Credit Capacity
HOUSTON, Nov. 29, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today the closing of the previously announced private placement of $300 million of redeemable preferred stock and warrants to purchase 6,773,094 shares of the Company's common stock with investment funds managed by the Merchant Banking Division of The Goldman Sachs Group, Inc. ("Goldman Sachs MBD") and the availability of the previously announced $230 million letter-of-credit facility. The net proceeds from the private placement are expected to be used for general corpora...
Nov 28, 2018 02:56 pm ET
SHAREHOLDER ALERT: TGTX ACHC HTHT IGCC ALGN FIT TSRO EIX MDR ATUS: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Nov 27, 2018 06:26 pm ET
Robbins Arroyo LLP: McDermott International, Inc. (MDR) Misled Shareholders According to Class Action
Shareholder rights law firm Robbins Arroyo LLP informs shareholders that purchasers of McDermott International, Inc. (NYSE: MDR) filed a class action complaint against the company's officers and directors for alleged violations of the Securities Exchange Act of 1934 between January 24, 201
Nov 27, 2018 01:00 pm ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of ALGN, RBBN, TSRO, EIX and MDR
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Nov 27, 2018 10:30 am ET
INVESTOR ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (“McDermott” or “the Company”) (NYSE: MDR) for violations of §§10(b) and 20(a) of the...
Nov 27, 2018 06:00 am ET
McDermott Awarded Subsea Umbilical and Flowline Installation Contract by Shell for Great White Frio Development
HOUSTON, Nov. 27, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a sizeable* contract from Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell plc, for new subsea umbilical and flowline installation at the Great White Frio development in Alaminos Canyon Block 857 in the U.S. Gulf of Mexico....
Nov 26, 2018 04:35 pm ET
CLASS ACTION UPDATE for EIX and MDR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Nov 25, 2018 10:00 am ET
SHAREHOLDER ALERT: MGTI TRVN HTHT IGCC FIT SYF TSRO EIX MDR ATUS: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Nov 23, 2018 11:03 am ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of IGCC, AQUA, RBBN, TSRO, EIX and MDR
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Nov 21, 2018 12:57 pm ET
INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact th
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (“McDermott” or “the Company”) (NYSE: MDR) for violations of §§10(b) and 20(a) of the...
Nov 21, 2018 10:17 am ET
CLASS ACTION UPDATE for APOG, RYAAY, EIX and MDR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Nov 20, 2018 06:42 pm ET
EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against McDermott International, Inc. – MDR
Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of McDermott International, Inc. (NYSE: MDR) from January 24, 2018 through October 30, 2018, inclusive (the “Class Period”). The lawsuit seeks to recover damages for McDermott investors under the federal securities laws.
Nov 19, 2018 04:28 pm ET
SHAREHOLDER ALERT: APOG ALNY ACHC COST TRVN SFIX ALGN AQUA TSRO MGI MDR: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Nov 19, 2018 03:01 pm ET
IMPORTANT INVESTOR REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Cont
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (“McDermott” or “the Company”) (NYSE:
Nov 18, 2018 10:15 am ET
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of FIT, TSRO, MGI and MDR
The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead...
Nov 16, 2018 05:29 pm ET
IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McDermott International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (“McDermott” or “the Company”) (NYSE:
Nov 16, 2018 03:09 pm ET
CLASS ACTION UPDATE for SONS/RBBN and MDR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the...
Nov 16, 2018 02:21 pm ET
Glancy Prongay & Murray LLP Files a Securities Class Action on Behalf of McDermott International, Inc. Investors
National law firm Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action lawsuit in the United States District Court for the District of Texas, captioned Edwards v. McDermott International, Inc. et. al., (docket number: 4:18-cv-04330) on behalf of persons and/or entities that a
Nov 15, 2018 06:00 am ET
McDermott Awarded Conceptual and Engineering Services Contract by Talos Energy for Zama Field Development Project in Mexico
HOUSTON, Nov. 15, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a contract award for concept and engineering services for Talos Energy Inc. for the Zama field development project – the first offshore Mexico block awarded to a private operator. The contract award is for engineering services, including concept selection and follow-on pre-FEED....
Nov 15, 2018 06:00 am ET
McDermott Hosts Celebratory Event for Abkatun-A2 Sail Away -- Largest Oil Platform Constructed in Mexico in 10 Years
HOUSTON, Nov. 15, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today an event that was hosted at their world-class fabrication yard in Altamira, Tamaulipas, Mexico celebrating the sail away and another project milestone of the PEMEX Exploración y Producción PB-Abkatun-A2 oil and gas production platform. Representatives from PEMEX, government officials, including Governor of Tamulipas, Francisco Garcia Cabeza de Vaca, McDermott and regional news outlets participated in the event. ...
Nov 14, 2018 05:40 am ET
NET Power Demonstration Plant Wins 2018 ADIPEC Breakthrough Technological Project of the Year
ABU DHABI, United Arab Emirates, Nov. 14, 2018 /PRNewswire/ -- In recognition of its demonstration plant in La Porte, Texas, NET Power, LLC, was awarded the 2018 Breakthrough Technological Project of the Year at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC). ADIPEC is one of the world's largest and most influential oil and gas events. NET Power's 50MWth plant demonstrates the company's low-cost, emissions-free, natural gas electric power system. It is the world's first and only industrial-scale supercritical CO2-based power plant. ...
Nov 08, 2018 08:00 am ET
NET Power and Oxy Low Carbon Ventures Announce Investment Agreement to Advance Innovative Low-Carbon Technology
DURHAM, N.C. and HOUSTON, Nov. 8, 2018 /PRNewswire/ -- NET Power, LLC, and Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation (NYSE: OXY), today announced they have reached an investment agreement, subject to regulatory approval.  The investment will advance the development of NET Power's low-cost, natural gas electric power system that generates no atmospheric emissions and inherently captures all carbon dioxide (CO2).  Upon receiving regulatory approval, OLCV will join current investors Exelon Generation (NYSE: EXC), McDermott (NYSE: MDR), and 8 Rivers Ca...
Nov 06, 2018 04:52 pm ET
Chairman, CEO, CFO Purchase Shares in McDermott
HOUSTON, Nov. 6, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today purchases by its Chairman and executive management of the company's common stock.  ...
Nov 05, 2018 08:25 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within McDermott International, SunPower, EastGroup Properties, K2M Group, Lumber Liquidators, and IDEX — New Research Emphasizes Economic
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of McDermott International, Inc. (NYSE:MDR), SunPower Corporation...
Nov 01, 2018 07:00 am ET
McDermott Awarded EPCI Contract by Petrobras for Rigid Pipeline Project Associated with Rota 3 Gas Export System
HOUSTON, Nov. 1, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a large* contract award by Petrobras for a natural gas pipeline project in support of the client's Santos basin pre-salt field program....
Oct 31, 2018 04:15 pm ET
McDermott to Host Investor Meeting
HOUSTON, Oct. 31, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today that it will host a meeting with analysts and investors in New York City on Monday, November 5, 2018, at 11:00 a.m. Eastern time. ...
Oct 30, 2018 04:16 pm ET
McDermott Completes Strategic Review of Portfolio; Announces Plan to Divest Storage Tank Business and U.S. Pipe Fabrication Business
HOUSTON, Oct. 30, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced it has completed a comprehensive strategic review of its portfolio as part of the integration process resulting from its combination with CB&I earlier this year, reaffirming its commitment to McDermott's core capabilities as a vertically integrated provider of technology-led onshore and offshore EPC/EPCI services. ...
Oct 30, 2018 04:15 pm ET
McDermott Reports Third Quarter 2018 Financial and Operational Results
HOUSTON, Oct. 30, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) ("McDermott", the "Company", "we" or "our") today reported revenues of $2.3 billion and net income of $2 million, or $0.01 per diluted share, for the third quarter of 2018. Results reflect solid execution across the portfolio of projects, partially offset by costs of $103 million related to intangibles amortization, the Combination Profitability Initiative ("CPI") and transaction costs associated with McDermott's combination with CB&I (the "Combination"). Net income in the quarter was also unfavorably impact...
Oct 29, 2018 07:00 am ET
McDermott, Saipem To Partner In Bid For NextDecade
HOUSTON, Oct. 29, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it plans to partner with the Italian oil and gas industry contractor Saipem S.p.A. to bid for NextDecade's planned Rio Grande LNG project in Brownsville, Texas....
Oct 24, 2018 07:00 am ET
McDermott Announces Date for Third Quarter 2018 Financial Results and Conference Call
HOUSTON, Oct. 24, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) will report financial results for the third quarter 2018 on October 30, 2018, after the close of the U.S. markets. ...
Oct 22, 2018 07:00 am ET
David Dickson Elected to National Safety Council Board of Directors
HOUSTON, Oct. 22, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that the National Safety Council (NSC) has elected David Dickson, McDermott's President and Chief Executive Officer, to its Board of Directors....
Oct 16, 2018 08:28 am ET
McDermott Begins Fabrication for Tyra Redevelopment Project
HOUSTON, Oct. 16, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) held a first steel-cutting ceremony at its fabrication yard in Batam, Indonesia, to mark the commencement of fabrication for the Tyra Redevelopment project....
Oct 16, 2018 07:00 am ET
McDermott Awarded EPC Contract for Delayed Coker Unit for LUKOIL Refinery
HOUSTON, Oct. 16, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced it has been awarded a significant* contract by LUKOIL NizhegorodNefteorgSyntez, a subsidiary of JSC LUKOIL, for the engineering, procurement and construction (EPC) of the Delayed Coker Unit for the Deep Conversion Complex planned to be built in Kstovo, Russia. ...
Oct 15, 2018 07:00 am ET
McDermott Awarded EPC Contract for CB&I Storage Tanks in South Texas
HOUSTON, Oct. 15, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a sizeable* contract award for CB&I Storage Tanks for the engineering, procurement, fabrication and construction of three external floating-roof tanks in Taft, Texas. ...
Oct 12, 2018 08:20 am ET
Report: Developing Opportunities within McDermott International, Owens & Minor, MicroStrategy, Terex, Entravision Communications, and TreeHouse Foods — Future Expectations, Projections Moving into 201
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of McDermott International, Inc. (NYSE:MDR), Owens Minor, Inc....
Oct 10, 2018 07:00 am ET
McDermott Awarded PDH (propane dehydrogenation) Technology Contract in Europe by INEOS
HOUSTON, Oct. 10, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by INEOS for the license and engineering of a planned propane dehydrogenation (PDH) unit in Europe. ...
Oct 03, 2018 08:00 am ET
BHGE, McDermott, L&T Hydrocarbon Engineering Win Largest Indian Subsea Project for ONGC’s Prestigious 98/2 Block
Baker Hughes, a GE company (NYSE: BHGE), McDermott International, Inc. (NYSE: MDR) and L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro (NSE: LT), were awarded the subsea contract for India’s Oil & Natural Gas Corporation’s (ONGC) largest deepwater project, the development of block DWN-98/2 in the Krishna Godavari basin. The project brings together leading subsea equipment and services from BHGE, McDermott and LTHE to provide ONGC with end-to-end project delivery.
Oct 01, 2018 07:00 am ET
McDermott Awarded Olefins Technology Contract in Thailand
HOUSTON, Oct. 1, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract for Map Ta Phut Olefins Co., Ltd.'s (MOC) petrochemical plant in Rayong Province, Thailand. MOC is a joint venture company of SCG Chemicals Company Limited, which is a wholly owned subsidiary of SCG, and the Dow Chemical Company....
Sep 26, 2018 04:15 pm ET
McDermott Announces Results of Annual Stockholders' Meeting
HOUSTON, Sept. 26, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today the results of its Annual Meeting of Stockholders held Wednesday, September 26, 2018 in London, England. ...
Sep 26, 2018 07:00 am ET
McDermott Receives Full Notice to Proceed on Entergy's Montgomery County Power Station Project
HOUSTON, Sept. 26, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today it received full notice to proceed (FNTP) from Entergy Texas, Inc. on the Montgomery County Power Station (MCPS), a 993-megawatt combined-cycle natural gas power plant in Willis, Texas....
Sep 25, 2018 12:35 pm ET
McDermott Awarded Contract by Bayport Polymers for New Polyethylene Petrochemical Plant in South Texas
HOUSTON, Sept. 25, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a contract award from Bayport Polymers LLC, a joint venture of Total Petrochemicals & Refining USA, Inc., and Novealis Holdings LLC (a joint venture of Borealis AG and NOVA Chemicals Inc.), for its new High-Density Polyethylene (HDPE) plant, the Borstar Bay3 Project, in Bayport, Texas. ...
Sep 06, 2018 07:00 am ET
McDermott to Present at Pareto Securities' 25th Annual Oil & Offshore Conference
HOUSTON, Sept. 6, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE:MDR) President and Chief Executive Officer David Dickson is scheduled to speak at the Pareto Securities' 25th Annual Oil & Offshore Conference in Oslo, Norway, on September 12, 2018 at 11:15 a.m. Central European time (4:15 a.m. U.S. Central time)....
Sep 05, 2018 08:05 am ET
RigNet Secures Global Master Supply Agreement
RigNet’s (NASDAQ: RNET) fast-track installation and highly differentiated end-to-end connectivity helped secure a global master supply agreement with a subsidiary of McDermott International, Inc. (NYSE: MDR). A premier, fully integrated provider of...
Sep 04, 2018 07:00 am ET
McDermott Completes Pipeline Installation for Greater Western Flank Phase 2 Project in Australia
PERTH, Australia, Sept. 4, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today it has successfully completed the contract for phase two of the Greater Western Flank project. The contract was awarded by Woodside Energy Ltd in January 2016. ...
Aug 30, 2018 07:00 am ET
McDermott to Present at Barclays CEO Energy-Power Conference
HOUSTON, Aug. 30, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE:MDR) President and Chief Executive Officer David Dickson is scheduled to speak at the Barclays CEO Energy-Power Conference in New York City on September 6, 2018 at 9:05 a.m. Eastern time (8:05 a.m. Central time)....
Aug 13, 2018 08:25 am ET
New Research: Key Drivers of Growth for Kemet, Marsh & McLennan Companies, Fred's, Macquarie Infrastructure, McDermott International, and Cirrus Logic — Factors of Influence, Major Initiatives and Sus
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Kemet Corporation (NYSE:KEM), Marsh McLennan Companies, Inc. (NYSE:MMC),...
Aug 07, 2018 07:00 am ET
McDermott Awarded Subsea Umbilical and Flowline Installation Contract by Shell for the Silvertip Field
HOUSTON, Aug. 7, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a contract from Shell Exploration and Production Company Inc., a subsidiary of Royal Dutch Shell (Shell) plc, for subsea umbilical and flowline installation at the Perdido development, located 230 miles south of Galveston, Texas, in the Gulf of Mexico....
Jul 31, 2018 04:15 pm ET
McDermott Announces Planned J-Lay Modifications for Pipelay and Construction Vessel Amazon
HOUSTON, July 31, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today its modification plans to convert the Amazon to an ultra-deepwater J-Lay vessel. ...
Jul 31, 2018 04:15 pm ET
McDermott Awarded EPCI Subsea Tieback Contract from PEMEX for Ayatsil Pipelines
HOUSTON, July 31, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today a sizeable* contract award by PEMEX Exploración y Producción for subsea pipeline flowline installation in support of its Ayatsil field, located 50 miles northwest of Ciudad del Carmen in the Bay of Campeche offshore Mexico....
Jul 31, 2018 04:15 pm ET
McDermott Reports Second Quarter 2018 Financial and Operational Results
HOUSTON, July 31, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") today reported revenue of $1.7 billion and net income of $47 million, or $0.33 per diluted share, for the second quarter of 2018. Results reflect solid execution and a tax benefit of $117 million related to an internal transfer of certain intellectual property rights, offset by $138 million of transaction costs, costs to achieve our Combination Profitability Initiative (CPI), debt extinguishment costs, and intangibles amortization....
Jul 23, 2018 07:00 am ET
McDermott Awarded EPC Contract for CB&I® Storage Tanks in Saudi Arabia
DUBAI, United Arab Emirates, July 23, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today it has been awarded a sizeable* contract from Samsung Engineering Saudi Arabia Company Ltd. for engineering, procurement and construction (EPC) of CB&I® Storage Tanks for the Jubail United Petrochemical Company (JUPC) Ethylene Oxide (EO)/Ethylene Glycol (EG) Plant No. 3 at Jubail, Kingdom of Saudi Arabia....
Jul 17, 2018 06:31 pm ET
McDermott Announces Date for Second Quarter 2018 Financial Results and Conference Call
HOUSTON, July 17, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) will report financial results for the second quarter 2018 on July 31, 2018, after the close of the U.S. markets. ...
Jul 03, 2018 07:00 am ET
McDermott Appoints Samik Mukherjee as Chief Operating Officer
HOUSTON, July 3, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today that Samik Mukherjee has been appointed to serve as the company's new Executive Vice President and Chief Operating Officer (COO), effective July 3, 2018. ...
Jul 02, 2018 07:00 am ET
McDermott Announces Technology Awards in Indonesia
HOUSTON, July 2, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced it has been awarded two sizeable* technology contracts by a subsidiary of PT Chandra Asri Petrochemical Tbk, PT Chandra Asri Perkasa, for the company's planned new petrochemical complex in Indonesia. McDermott's scope of work includes licensing and basic engineering packages for Lummus Technology's olefins technology, including Short Residence Time (SRT®) ethylene heater design and critical supply, and for butadiene extraction technology. ...
Jun 27, 2018 09:00 am ET
POSCO DAEWOO Corp. Selects McDermott and BHGE for SURF and Subsea Contract for Myanmar Gas Field Development
HOUSTON, June 27, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) and Baker Hughes, a GE company (NYSE: BHGE), today announced the award of a contract by POSCO DAEWOO Corp. for phase two of the Shwe gas field development offshore Western Myanmar. ...