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Stock Market & Financial Investment News

News Breaks
May 30, 2014
09:38 EDTMDRMcDermott consortium selected in Gendalo-Gehem tender process
McDermott International announced that a consortium, which includes subsidiaries of McDermott and PT Encona Inti Industri, has been notified of its selection as the successful bidder in the tender process for an engineering, procurement and construction contract for the Gendalo-Gehem natural gas development in East Kalimantan, Indonesia. Award of the contract will be subject to various conditions, including government and regulatory approvals and final investment decision.
News For MDR From The Last 14 Days
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November 11, 2014
07:33 EDTMDRMcDermott awarded three-year shallow water pipeline contract by Brunei Shell
McDermott International has been awarded a three-year shallow water pipeline contract by Brunei Shell Petroleum Company Sdn. Bhd. to transport and install pipelines and umbilicals for the Champion and Ampa Fields offshore Brunei. Work is expected to be executed through 2017. The full scope of work will be executed in annual work plans that are expected to be confirmed over the coming years as BSP finalizes its development plans and budgets. The work identified for 2015 will be included in McDermott’s fourth quarter 2014 backlog. The first scope of work consists of transportation and installation of more than 62 miles of pipelines including corrosion resistant alloy clad pipelines, as well as umbilicals and cables. The McDermott Derrick Barge 30 and other vessels will be mobilized to support this initial work which will include hydro testing, pre-commissioning and salvage of redundant risers.

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