Home McDermott

Tag: McDermott

Post
McDermott is said to hire restructuring firm for turnaround advice

McDermott is said to hire restructuring firm for turnaround advice

McDermott International hired restructuring firm AlixPartners for strategic and operational advice. World’s largest catalytic dehydrogenation unit, located at Hengli Petrochemical (Dalian) Refinery Co., Ltd.’s site in Liaoning Province, China. It includes fabrication engineering, procurement, construction and pre-commissioning scope for three modules. The company seeks to shore up its balance sheet, according to a person with...

Post
BHGE completes share repurchase, renames itself Baker Hughes Company

BHGE completes share repurchase, renames itself Baker Hughes Company

Baker Hughes announced the closing of a secondary offering of 132.25 million shares. BHGE did not offer any shares of Class A common stock in the offering. AI application provides early warning of production downtime and process risk. BHGE announced that it has agreed to repurchase from one or more of GE and its affiliates....

Post
Saipem to establish a spoolbase in the US Gulf of Mexico

Saipem to establish a spoolbase in the US Gulf of Mexico

Saipem will establish a spoolbase on Greenwood Island, Pascagoula, Mississippi. Saipem has reached an agreement with Technip France SA. Saipem informed that, on that same date, the Tribunal of Algiers had pronounced a first instance judgment. Company serving as a highly specialized site designed to provide support for vessels performing pipelay activities. Saipem has been...

Post
McDermott and BHGE awarded contracts for Ichthys Gas Field Development

McDermott and BHGE awarded contracts for Ichthys Gas Field Development

McDermott International and Baker Hughes, a GE company announced contracts to provide a joint URF. The plant utilizes Chevron Lummus Global ISODEWAXING and ISOFINISHING technologies. 34% sequential-quarter increase in backlog to $21 billion, including a record level of $8.9 billion. The award includes technology license, basic engineering, proprietary equipment, training and technical services. It’s located...

Post
YPF awards McDermott pre-FEED contract for Vaca Muerta LNG in Argentina

YPF awards McDermott pre-FEED contract for Vaca Muerta LNG in Argentina

McDermott International announced it has been awarded a contract by Argentina-based YPF. It protests that briefly disrupted production in part of Argentina’s main shale. YPF SA, Argentina’s state-run energy producer, is closing the tap on some of its natural gas wells. The state-run energy firms of Chile and Argentina said on Wednesday. Norway’s Statoil has...

Post
McDermott wins record EPCI mega-project for Marjan Package 1

McDermott wins record EPCI mega-project for Marjan Package 1

McDermott International has announced that it has been awarded a contract in excess of $3 billion. Irkutsk Oil Co. (IOC) has awarded McDermott International, Inc. Woodside Energy Ltd has awarded McDermott International Inc. a contract to perform front-end engineering. Puma Energy (Australia) Fuels Pty Ltd has awarded McDermott International. Western Gas awarded McDermott and BHGE...

Post
BHGE wins subsea connect award from Beach Energy

BHGE wins subsea connect award from Beach Energy

Beach Energy awarded Baker Hughes, a GE company a contract to supply subsea production systems. BHGE to provide turbomachinery equipment for four FLNG compression trains for BP. It Provides superior performance and reduces risks in narrow pressure windows. It Orders of $5.7 billion for the quarter, down 17% sequentially and up 9% year-over-year. BHGE announced...

Post
BHGE opens Motor Center of Excellence in Oklahoma City

BHGE opens Motor Center of Excellence in Oklahoma City

Baker Hughes, a GE company (BHGE) has opened a manufacturing and technology center in Oklahoma City. BP awards BHGE and McDermott SURF and SPS equipment orders for Greater Tortue Ahmeyim (GTA) natural gas project. BHGE announced today that the Baker Hughes international rig count for February 2019 was 1,027. MoU will support BHGE’s deeper collaboration...

Post
Aramco’s profit dwarfs joint earnings of 163 Saudi stocks

Aramco’s profit dwarfs joint earnings of 163 Saudi stocks

Saudi Arabian oil giant Saudi Aramco posted net income for 2018. Saudi Aramco announced that it has established a Global Medium Term Note Program. Advances Saudi Aramco’s integrated refining and petrochemicals business. Addressing the International Petroleum Technology Conference in Beijing on March 26-28. Saudi Aramco signed a land lease agreement with McDermott Arabia Company, Ltd....

Post
McDermott awarded EPCI subsea tie-back contract for Stonefly development

McDermott awarded EPCI subsea tie-back contract for Stonefly development

McDermott will install the subsea infrastructure to support a two well subsea tieback from the Stonefly development site to the Ram Powell platform in the Gulf of Mexico. cDermott International has secured a contract from LLOG Exploration Company for deep water subsea pipeline tiebacks. McDermott International, Inc. has announced a sizeable contract award by LLOG Exploration Company,...

  • 1
  • 2