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Stock Market & Financial Investment News

News Breaks
May 19, 2014
11:31 EDTMDRMcDermott unit signs agreement for Gulfport spoolbase
McDermott announced that one of its subsidiaries has signed a lease agreement with the Mississippi Development Authority and the Mississippi State Port Authority for the exclusive right to operate a spoolbase and marine operations base in the Port of Gulfport. McDermott expects the facility, designed to serve projects from the Gulf of Mexico, will be available in early 2016. The new facility in Gulfport, located on the Mississippi coastline, will be used to fabricate steel pipe stalklines through advanced welding processes for use in offshore Reeled pipelay operations. The new 50 acre facility will feature a state of the art fabrication building and stalk racks as well as a dedicated dock for vessel berthing to accommodate reeling pipe onto McDermott’s fleet of specialized vessels for transport and installation offshore.
News For MDR From The Last 14 Days
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January 21, 2015
10:01 EDTMDROn The Fly: Analyst Downgrade Summary
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06:40 EDTMDRMcDermott downgraded to Neutral from Buy at UBS
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January 15, 2015
06:01 EDTMDRMcDermott 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.
05:22 EDTMDRGE Oil & Gas, McDermott launch io oil & gas consulting
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