McDermott signs shipyard contract for construction of deepwater S-Lay vessel McDermott International announced that one of its subsidiaries has signed a contract for the design and construction of a new high-spec, highly capable dynamically-positioned combination S-Lay vessel with a 2,000-ton crane. The vessel, tentatively named Derrick Lay Vessel 2000, will be constructed at Keppel Singmarine in Singapore and is expected to take approx 2.5 years to build.
McDermott and GE launch io oil & gas consulting McDermott (MDR) and GE Oil & Gas (GE) launched io oil & gas consulting, a new independent venture to transform front-end offshore field development. io will consider the full field as one system and have the technical insight to develop every aspect of the front-end solution. McDermott’s investment in io aligns with the company’s strategy to become more client-focused and responsive to operators’ challenges.