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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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June 23, 2015
07:03 EDTMDRMcDermott awarded Otis Field Subsea Tieback Project by LLOG
McDermott International has been awarded a “sizeable lump sum contract” by LLOG Exploration Offshore in support of LLOG’s Otis development located in the Gulf of Mexico. The lump sum contract will be included in McDermott’s second quarter 2015 backlog. The Otis field, located in Block Mississippi Canyon 79, will be developed as a subsea tieback to the Delta House floating production system, or FPS, and lies in approximately 3,800 feet of water. McDermott’s Houston office will perform the overall project management and engineering. The flowline and SCR are scheduled to be assembled and fabricated at McDermott’s new spoolbase facility in Gulfport, Mississippi. Offshore installation is scheduled to be completed in early 2016.

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