• 2019 March 23 12:25

    McDermott secures substantial offshore EPCI contract in the Middle East

    McDermott International, Inc. (NYSE: MDR) announced on March 21st a substantial contract award from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf.

    The contract for new facilities includes the full suite of EPCI services for six new offshore jackets as well as three associated topsides. The project scope also includes eight kilometers (4.9 miles) of 28-inch corrosion resistant alloy cladded pipeline, two inter-platform bridges, eight kilometers (4.9 miles) of composite cables as well as brownfield works at the existing offshore facilities.

    The duration of the work is expected to be approximately 34 months and the contract award will be reflected in McDermott's first quarter 2019 backlog.

    McDermott plans to use its engineering teams in the Middle East and Chennai, with fabrication primarily taking place at McDermott's facilities in Batam, Indonesia. Vessels Emerald Sea, Derrick Barge 30, and Derrick Barge 50 from McDermott's global fleet are scheduled to undertake the installation and completions work.

    McDermott defines a substantial contract as between USD $500 million and USD $750 million.

    About McDermott

    McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the "One McDermott Way." Operating in over 54 countries, McDermott's locally focused and globally-integrated resources include approximately 40,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. As used in this press release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates.




2019 April 18

18:36 South Stream Transport B.V. and Saipem announce the amicable settlement of mutual differences
18:06 Seaway 7 selected as partner to develop Hollandse Kust Zuid Offshore Wind Farm
17:36 WinGD reports strong first quarter 2019
17:11 Launching ceremony held for eighth shallow-draft barge of Project ROB20
17:05 SOFEC completes engineering, supply and delivery of mooring system
16:26 Port of Murmansk to welcome eight cruise liners in summer season of 2019
16:05 Cooperation agreement between Eimskip and Royal Arctic line approved by the Icelandic Competition Authority
15:44 Navios Acquisition announces $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers
15:12 Nefteflot laid down two barges of Project RDB12 ordered by STLC
15:10 MOL to acquire strategic stake in six group companies, each owning a Very Large Ethane Carrier
14:40 Port of Rotterdam freight throughput grows by 5.1% in first quarter of 2019
13:44 Bunker prices are slightly up at the Far East ports of Russia (graph)
13:03 Biggest European shipbuilders collaborate on vessel connectivity in project Code Kilo
12:49 NOVATEK reports preliminary operating data for the first quarter 2019
12:13 Frontex, EMSA and EFCA open second annual European Coast Guard Event
11:51 RF Navy’s Northern Fleet takes part in combat training missions as part of final check for winter training season
11:27 ASCO took part in TransRussia-2019
11:00 ZIM joins to blockchain shipping solution TradeLens
10:44 Shareholders agreement on construction of Lavna terminal signed under Murmansk Transport Hub project
10:28 Brent Crude futures price is up 0.1% to $71.69, Light Sweet Crude – up 0.09% to $63.82
10:09 ABS teams with industry leaders to improve container vessel safety
09:53 Keppel secures integration and upgrading contracts worth around S$160 million
09:37 Tri-City ports take part in Seatrade Cruise Global
09:36 Bunker Market this morning, April 18
09:15 Baltic Dry Index is up to 767 points

2019 April 17

19:00 SMS Towage’s Humber fleet adds new tug
18:36 CMA CGM has announced FAK rates from Asia to North Africa
18:06 DESMI's CompactClean Ballast Water Management System receives US Coast Guard Type Approval
17:36 Denmark's first new-build hybrid ferry on key passenger route
17:06 CMA CGM announces FAK rates from Asia to the Mediterranean
16:38 Matson receives new cranes at its Honolulu hub terminal
16:17 Stena Europe undergoes refit upgrades in Turkey
16:11 Kuehne + Nagel launches first online seafreight service solution with guaranteed lead time in container shipping
15:40 HELCOM addressed nutrients, stormwater and microlitter issues at PRESSURE 10-2019
15:04 Murmansk Commercial Seaport commissions dust and wind shields
14:39 Port of Riga and Port of Qingdao sign Cooperation Agreement
14:02 Damen launches two road ferries for Canadian operator BC Ferries
13:22 DNV GL awards CMHI AIPs for two new offshore designs
12:53 Pacific Fleet warships and Royal Thai Navy hold joint trainings in the Sea of Japan
12:31 Port of Cardiff prepares for start of 2019 cruise season
12:22 Tristar Group signs second major deal with Shell for 6 chemical tankers
12:06 Far East ports’ capacity exceeds that of Russian Railways by 30-40%
11:38 Gazprom Neft completed development of logistic scheme for shipments of Arctic oil under Novy Port project (video)
11:09 GTT posts revenues of €58.9 million in Q1 2019
10:45 Yury Gilts appointed as Managing Director of Volga Shipping Company
10:23 Brent Crude futures price is up 0.36% to $71.98, Light Sweet Crude – up 0.67% to $64.48
10:09 Arkona offshore wind farm switched on in the Baltic Sea
09:37 Bunker prices are slightly down at the port of Saint-Petersburg, Russia (graph)
09:34 MABUX: Bunker market this morning, Apr.17
09:19 Baltic Dry Index is up to 749 points
09:04 Keppel receives final approval for the conversion of Gimi FLNG project

2019 April 16

18:36 Bahri further strengthens market footprint in Asia-Pacific region
18:06 Talos Energy provides additional update on Zama appraisal program
17:50 SCF's “Green Finance” wins Marine Money award
17:36 Songa Bulk ASA to merge with Axxis Geo Solutions AS
17:21 Amphibious ships of RF Navy’s Northern Fleet take part in drills in the Barents Sea
17:06 Fincantieri delivers FREMM “Antonio Marceglia” to the Italian Navy
16:56 Scorpio Bulkers announces sale and leaseback agreements for six dry bulk vessels
16:43 Digital Container Shipping Association launched with Maersk exec installed as CEO
16:22 Nauticor commences supply of LNG by ship to the Gothia Tanker Alliance