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McDermott International NEWS

McDermott lands FEED contract for Shwe Phase 3 gas field
Sept. 27, 2019

McDermott lands FEED contract for Shwe Phase 3 gas field

Posco International has awarded a FEED contract to EPC giant, McDermott International for the development of the Shwe Phase 3 gas field, offshore Myanmar. The contract requires McDermott to carry out FEED services for a new compression platform, a bridge link, and reformations in existing platforms. The work is slated for completion by the second quarter of next year.

McDermott weighs the sale of its Lummus Technology unit
Sept. 23, 2019
Source: World Oil

McDermott weighs the sale of its Lummus Technology unit

McDermott International whose shares have jumped by more than 50% this week has informed about exploring the sale of its Lummus Technology business. Its business is being valued at more than $2.5 billion. Moreover, the sale of Lummus will give the company some relief while it works with debt restructuring specialist AlixPartners. Currently, the energy industry contractor has a debt burden of about $4.3 billion.

PetroLogistics ll awards a contract to McDermott
Aug. 13, 2019
Source: World Oil

PetroLogistics ll awards a contract to McDermott

PetroLogistics ll has awarded Gulf coast PDH project FEED contract to Mcdermott International. McDermott will perform the front-end engineering design services for a propane dehydrogenation (PDH) facility at the US Gulf Coast. The design basis of the plant is 500 KTA. "We will pull from our vast expertise in engineering to complete the FEED", said McDermott's Senior VP.

McDermott lands Saudi Aramco’s offshore EPCI contract
Aug. 2, 2019
Source: World Oil

McDermott lands Saudi Aramco’s offshore EPCI contract

Saudi Aramco has awarded an EPCI contract to McDermott International for a production deck module (PDM) in the Hasbah gas field with hook-up and modification works in Karan fields. The contract requires McDermott to carry out EPCI of Wellhead PDM for four wefalls, CRA cladded flowline, subsea umbilical cable, offshore tie-ins to existing facilities and electrical modifications to existing PDMs.

McDermott receives a contract from IOCL
July 26, 2019
Source: World Oil

McDermott receives a contract from IOCL

McDermott has received technology contract from oil guzzler, Indian Oil Corporation Limited (IOCL). The contract pertains to the development of a grass-root Fluid Catalytic Cracking (FCC) unit. It will include technology license, basic engineering, proprietary equipment, training and technical services. The FCC unit will use INDMAX Technology, licensed by McDermott's Lummus Technology and developed in partnership with IOCL.

Chevron Lummus Global secures license and engineering award for Haldia Refinery
July 16, 2019

Chevron Lummus Global secures license and engineering award for Haldia Refinery

Chevron-McDermott joint venture, Chevron Lummus Global (CLG) has landed the license and engineering contracts for a Lubricants Base Oil plant at Haldia Refinery in India. CLG will deploy its proprietary ISODEWAXING and ISOFINISHING technologies at the 270 TMTPA plant. The newly-designed unit will process unconverted oil from an upstream hydrocracking unit to yield premium API Group III base oils.

McDermott awarded FEED contract by Total
July 16, 2019
Source: World Oil

McDermott awarded FEED contract by Total

McDermott International has secured a FEED contract from Total Oman E&P Development in partnership with Oman Oil Company S.O.A.C. This contract is for the Sohar LNG bunkering project in Oman and the work will start immediately. Senior VP of McDermott said, "This award is a reflection of McDermott's 60-year history of delivering innovative LNG solutions worldwide, beginning with our tank storage solutions in the 1950s, to our liquefaction capabilities today".

McDermott lands EPCI contract for Marjan Package 1
July 11, 2019
Source: World Oil

McDermott lands EPCI contract for Marjan Package 1

McDermott International has secured an EPCI contract for the Gas-Oil Separation Plant (GOSP) for the Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project. The approximately $3 billion contract will require McDermott to deploy an integrated execution model exploiting its extensive global assets and facilities. The Package 1 GOSP separation platform is situated offshore the Arabian Gulf.

McDermott and Cameron LNG announce an agreement
July 6, 2019
Source: World Oil

McDermott and Cameron LNG announce an agreement

McDermott and its JV member Chiyoda have reached an agreement with Cameron LNG. This is regarding the construction of McDermott's LNG liquefaction project in Louisiana. Senior Group VP said, "In the last few months, the joint venture project team has made tremendous progress, including first liquid and first cargo from Train 1". In the first and second quarter of 2020, initial production is expected from Trains 2 and 3.

Saudi Aramco awards an EPCI contract to McDermott
June 25, 2019
Source: World Oil

Saudi Aramco awards an EPCI contract to McDermott

McDermott has received a contract from energy supermajor Saudi Aramco. The contract is for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields in Saudi Arabia. The project will be carried out by McDermott's Al Khobar office and Dammam fabrication facility. The project will start immediately and will be reflected in the second-quarter 2019 backlog of McDermott.

McDermott bags FEED contract for OCT unit in Hungary
May 24, 2019

McDermott bags FEED contract for OCT unit in Hungary

EPC major, McDermott has bagged a FEED contract for MOL Petrochemicals’ Olefins Conversion Technology (OCT) unit in Tiszaújvaros, Hungary. McDermott will carry out the basic engineering, technology license, catalyst and FEED services for the 100,000 MTA-capacity unit. The OCT unit will utilize Lummus’ proprietary OCT, and CD Hydro® Deisobutenizer to produce polymer-grade propylene, refinery feedstocks, and isobutene-rich stream.

BP awards contracts to BHGE and McDermott
April 15, 2019
Source: World Oil

BP awards contracts to BHGE and McDermott

BP has awarded contracts for the Greater Tortue Ahmeyim natural gas project to McDermott International and BHGE. Both the companies have received contracts for subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment. BHGE's VP said, "Together with McDermott, we will deliver the best-in-class solution to BP with cost-efficiency and industry-leading safety". The preliminary subsea infrastructure will connect the first four of 12 wells.

Saudi Aramco, McDermott to establish world class fabrication facility
March 27, 2019
Source: World Oil

Saudi Aramco, McDermott to establish world class fabrication facility

Saudi Aramco has signed EPCI agreement with McDermott's subsidiary McDermott Arabia to establish a world class fabrication facility in Saudi Arabia. With the peak production capacity of 60,000 metric tons per year, this facility aims at localizing expertise and diversifying the economy. It perfectly aligns with Kingdom's Vision 2030.

BP awards contracts to McDermott, BHGE
March 12, 2019
Source: World Oil

BP awards contracts to McDermott, BHGE

Oil supermajor BP plc has awarded contracts to McDermott and BHGE for subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment. The contract pertains to the Greater Tortue Ahmeyim natural gas project, offshore Mauritania and Senegal. The latest awards to McDermott and BHGE comes after an initial FEED phase, awarded in March 2018, during which the firms operated together on a four-well development phase.

Nakilat forms joint venture with McDermott
Feb. 19, 2019
Source: The Peninsula

Nakilat forms joint venture with McDermott

Qatar-based Nakilat has entered into an agreement with EPC giant, McDermott to form a joint venture, which will provide onshore and offshore fabrication services in Qatar. The formation of the joint venture is in line with Qatar’s recent localisation program, which aims at enhancing the resilience of the energy sector’s supply chain. The strategic partnership will boost productivity levels at Nakilat’s world-class Erhama Bin Jaber Al Jalahma Shipyard.

McDermott secures subsea tieback contract
Jan. 29, 2019
Source: World Oil

McDermott secures subsea tieback contract

EPC giant, McDermott International has secured a contract for deepwater subsea pipeline tiebacks and structures from the Stonefly development to the Ram Powell platform. The contract awarded by LLOG Exploration includes project management, installation engineering, subsea structure and spoolbase stalk fabrication, and subsea installation of the subsea infrastructure. McDermott will additionally design, fabricate and install a steel catenary riser, a pipeline end manifold and two in-line sleds.

McDermott secures EPC contract from BP
Jan. 25, 2019
Source: World Oil

McDermott secures EPC contract from BP

EPC giant, McDermott International has secured an EPC contract from BP Trinidad & Tobago, LLC. McDermott will carry out the engineering, procurement, construction, hook-up and commissioning of the Cassia Compression Platform, offshore Trinidad. Brownfield modifications at Cassia B are also a part of the scope of the contract. McDermott will provide engineering services from its offices in Houston, Chennai and Dubai.

McDermott and BHGE come together for Equus
Dec. 13, 2018
Source: World Oil

McDermott and BHGE come together for Equus

McDermott International and BHGE have signed a MoU with Western Gas Corporation Pty Ltd, announced America’s multinational EPC Company. These two companies will be the exclusive development partners for the Equus Gas Project in Western Australia. Work scope of this contract will include advancement of pre-FEED and FEED to final investment decision (FID). BHGE and McDermott will commence EPCIC after FID for the entire field development.

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