Consortium wins ONGC India subsea contract
A consortium has been awarded a new contract for the engineering, procurement, construction and installation of a major subsea field infrastructure for ONGC.
McDermott
McDermott wins approval for joint venture in Ghana
McDermott said its joint venture project in Ghana has received regulatory approval. The company is working on the McDermott Marine Construction Ghana Limited venture to pursue key offshore opportunities in Ghana. The announcement was made by officials from the joint venture during Africa Oil Week in Cape Town.
McDermott beats trends with profit boost
McDermott International has managed a profit boost during the second quarter of the year. The engineering and construction company was hit by a better-than-expected revenue growth which took its earnings outlook from $50million to $70million. Its previous view had been for $25million to $50million.
McDermott International reduces headcount by more than 1500
McDermott International has reduced its headcount by almost 1,700 as a result of losses in its first quarter. The Houston-based company suffered a loss of $14.5million in the first few months of the year.
McDermott secures larger workscope for offshore Hout field
McDermott International has received a contract amendment from KJO (Al-Khafji Joint Operations) for a platform in the Hout field. The platform is located 26 miles of Al-Khafji in the divided zone between Kuwait and the Kingdon of Saudi Arabia. Work on the brownfield project is expected to be executed through the second quarter of 2017 and is included in McDermott's first quarter 2015 backlog.
McDermott International wins Chevron Gulf of Mexico contract
McDermott International (MDR) have been awarded a "sizeable" contract to transport and install subsea umbilicals, manifolds, jumpers and flying leads for Chevron. The contract is to support the brownfield expansion of the Jack and St Malo fields in the US Gulf of Mexico. The value of the award is included in McDermott's first quarter 2015 backlog.