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Wednesday, 10 January 2018 00:00

The future of project contracting

Lower for longer oil prices are leading operators to reconsider the structure of project contracts. Many are leaning toward supplier-led…
Published in OE: 2018 / January
Friday, 22 December 2017 09:03

McDermott wins Tyra EPC work off Denmark

US engineering group McDermott International, soon to merge with CB&I, has inked a major lump sum contract with Maersk Oil…
Monday, 18 December 2017 17:09

McDermott, CB&I to combine in $6B merger

McDermott International and CB&I today (18 December) unveiled plans to combine in an all-stock transaction valued at US$6 billion. McDermott's…
Tuesday, 21 November 2017 10:29

McDermott wins fifth contract for Safaniya

McDermott International has received a fifth contract award under an existing agreement from Saudi Aramco for work on the Safaniya…
Industry stalwart David Pridden (66) passed away last weekend following a battle with cancer. Pridden became the inaugural CEO of…
Thursday, 09 November 2017 12:39

Saudi Aramco awards Zuluf, Safaniya work

Saudi Aramco today (9 November) announced several contract awards, including three for fields in the Arabian Gulf offshore Saudi Arabia.…
Wednesday, 01 November 2017 08:32

McDermott wins KG-D6 subsea work

McDermott International has won a letter of award from Reliance Industries for work on the KG-D6 subsea field development in…
Thursday, 22 June 2017 08:45

PJ Valves inks McDermott T&T contract

PJ Valves (PJV) and PJ Piping (PJP) have been awarded a contract by McDermott International to supply valves and piping…
Published in OE Press: 2017 / June
Tuesday, 13 June 2017 07:35

McDermott installs Safaniya jacket

McDermott International recently completed the load-out and installation of the first jacket fully fabricated by the company at its recently…
Published in OE Press: 2017 / June
Monday, 05 June 2017 07:38

McDermott wins Angelin EPCIC

BP Trinidad & Tobago (bpTT) has awarded McDermott International an engineering, procurement, construction, installation and commissioning (EPCIC) contract for the…
Published in OE Press: 2017 / June
Tuesday, 09 May 2017 09:24

McDermott buys North Ocean 105 stake

Oceanteam received written notice from its joint venture partner McDermott, in which McDermott has committed to purchase Oceanteam's remaining 25% stake…
Published in OE Press: 2017 / May
Thursday, 26 January 2017 03:24

Ocean Installer inks first Australian contract

Norway-based subsea contractor Ocean Installer has been awarded its first contract offshore Australia. The firm work scope encompasses the installation…
Monday, 16 January 2017 14:42

McDermott to buy Oceanteam stake in vessel

McDermott will exercise its option to purchase Oceanteam’s 25% ownership in the vessel-owning company North Ocean 105 AS by the…
Friday, 13 January 2017 03:08

Solstad supports McDermott on Ichthys

Norway's Solstad Offshore (SOFF) has been awarded a subcontract with US-headquartered McDermott for the provision of light construction vessel services…
Wednesday, 04 January 2017 09:23

McDermott bags Aramco EPCI

Saudi Aramco has awarded McDermott International a contract for the engineering, procurement, construction and installation (EPCI) of four jackets and…
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