fetching latest news
News tagged in:
EPC giant, McDermott has secured a contract from Petrobras to carry out engineering, procurement, construction and installation (EPCI) of subsea risers and flowlines under Phase-1 of the Sepia field project. McDermott plans to utilize five vessels for the installation phase at ultra-deepwater depths. The engineering work will most likely begin immediately, and McDermott will reflect the contract in the second quarter of 2019 backlog.
McDermott has successfully completed the INPEX-operated Ichthys LNG Project. The company has finally finished the last offshore campaign for the project. This campaign involved subsea tiebacks to new drill centres which were performed by McDermott's Lay Vessel 108. The senior VP of the company said, "Our outstanding record of accomplishment confirms our expertise and ability to execute one of the world's largest subsea contracts to date."
Australian oil and gas major, Woodside yesterday informed about awarding four contracts related to FEED activities for the Scarborough Project offshore Western Australia. Woodside awarded the separate contracts to McDermott Australia, Subsea Integration Alliance, Saipem Australia and Intecsea. In the initial phase, Woodside will fund each awarded contract, without any financial support from BHP, which has 25% interest in the joint venture. Scarborough Project is estimated to cost US$11 billion.
US-based Meridian Energy Group has assigned EPC giant, McDermott as the contractor to the Meridian Davis Refinery in North Dakota. Under the scope of the contract, McDermott will carry out Front-End Engineering Design (FEED). Post completion of the FEED phase, both the parties will ink a comprehensive turnkey EPC agreement. The Davis refinery is entering final design and equipment fabrication phase.
EPC giant, McDermott Asia Pacific Sdn Bhd has signed up Aqualis Offshore for its engineering reviews and marine warranty services. Aqualis will stay associated with McDermott for five years on the contract, supporting McDermott’s offshore operations in the Asia Pacific region. Under the scope of the agreement, Aqualis Offshore will provide engineering reviews and approvals, vessel surveys, towage approvals and marine warranty services for McDermott’s projects.
Shell’s subsidiary, Shell Exploration and Production Company has awarded a contract to McDermott International, Inc. The contract is for new subsea umbilical and flowline installation at the Great White Frio development in Alaminos Canyon Block 857 in the U.S. Gulf of Mexico. The scope of work includes, project management and engineering along with installation of one 2,000-ft steel flying lead, installation of two EFLs and various other services.
EPC giant, McDermott International secured an EPC contract of a Delayed Coker Unit, from LUKOIL NizhegorodNefteorgSyntez. The unit will be installed in the Deep Conversion Complex, to be constructed in Kstovo, Russia. This award follows a contract awarded in 2016 to McDermott's JV with Chevron, Chevron Lummus Global (CLG), for its delayed coking technology.
Bayport Polymers has awarded a contract to McDermott International, Inc. for the development of its new High-Density Polyethylene (HDPE), the Borstar Bay3 Project in Texas. Bayport is a JV of Total Petrochemicals & Refining USA and Novealis Holdings LLC. McDermott’s scope of work includes engineering, procurement, fabrication and construction. The capacity of the plant is 625,000 tons/year. The plant will be ready in 2021.
Technology provider, McDermott has secured an EPC contract for Chicago Bridge and Iron (CB&I) storage tanks in Saudi Arabia. The contract was awarded by Samsung Engineering, for the Jubail United Petrochemical Company (JUPC) Ethylene Oxide (EO)/Ethylene Glycol (EG) Plant No. 3 at Jubail, Kingdom of Saudi Arabia. Under the fixed lump sum type contract, McDermott will carry out EPC of 23 CB&I storage tanks and will modify two existing tanks.
McDermott International, the US engineering and construction company, is all set to bid for $5 billion contracts in the Asia Pacific as the region’s offshore oil and gas sector is slowly recovering. The company plans to place 20 bids for projects in Malaysia, India, Australia, Vietnam, Indonesia and Myanmar. Steady global oil prices with marked cost reductions in the upstream sector are encouraging companies to expand investments.