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Stock Market & Financial Investment News

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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.
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August 25, 2014
07:02 EDTMDRMcDermott names Stuart Spence as CFO, effective August 23
McDermott International (MDR) announced that Stuart Spence has been appointed EVP and CFO following the departure of Perry L. Elders, SVP and CFO, effective August 23. Elders will be pursuing other opportunities. Immediately prior to joining McDermott, Spence served as Vice President, Artificial Lift for Halliburton Company (HAL), where he had overall strategic and operational responsibility for Halliburtonís artificial lift product and service line.

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