McDermott has opened a welding and technology center of excellence at the Oilfields Supply Center in Dubai's Jebel Ali Freezone. It encompasses over 4,100 square meters of office and workshop space and capacity for 250 personnel.The new premises…
Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to $2 billion.After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading…
McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México for the Polok and Chinwol field development project in the Gulf of Mexico.Under the contract scope, McDermott will provide comprehensive FEED services for the project's engineering…
Doubts are growing over Guyana's pick of a little-known U.S. startup to craft and develop projects to monetize its vast untapped natural gas resources that could cost up to $30 billion. Year-old Fulcrum LNG faces financing hurdles that could derail its selection…
Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U…
McDermott has been awarded an engineering, procurement, removal and disposal (EPRD) contract by Santos for the decommissioning of the Harriet Alpha platform and associated infrastructure, located offshore Western Australia.The contract, valued between $50 million and $250 million…
Donald Trump's return to the White House will refocus the nation's energy policy onto maximizing oil and gas production and away from fighting climate change, but the Republican win in Tuesday's presidential elections is unlikely to dramatically slow the U…
McDermott's heavy-lift and rigid pipelay vessel, the Derrick Lay Vessel 2000 (DLV2000), has been awarded the SUSTAIN-1 classification from the American Bureau of Shipping (ABS).This marks the first time a marine construction vessel in its class has achieved this sustainability certification…
Baker Hughes beat Wall Street estimates for third-quarter profit on Tuesday, helped by sustained demand for its drilling equipment and oilfield technology in international markets.The robust activity in several international markets have helped…
McDermott has secured an engineering, procurement, construction and installation (EPCI) contract by QatarEnergy LNG for the North Field South (NFS) offshore pipelines and cables project, part of the world's largest liquefied natural gas (LNG) project…
McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design (FEED) contract for the Rovuma LNG Phase 1 project in Mozambique.The project is a joint venture between ExxonMobil Development Africa…
McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production aboard a floating production storage and offloading (FPSO) facility.The strategic partnership aims…
Strohm, a thermoplastic composite pipe (TCP) company, has overseen the installation of its TCP Jumper technology at the deepwater Sabah project offshore Malaysia.Installed by contractor McDermott on behalf of an international operator, it is…
McDermott has completed the decommissioning of the Campbell platform and associated offshore infrastructure at the Varanus Island hub in Western Australia.Under a contract awarded to McDermott in January 2024 by Santos, the company provided engineering…
Offshore engineering and construction firm McDermott has secured an engineering, procurement, construction, installation (EPCI), hook up and commissioning contract from Shell for the Manatee gas field development, offshore Trinidad and Tobago…
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