Investor News & Events

Date Title  
04/17/18 Leading Proxy Advisor Firm ISS Recommends McDermott Stockholders Vote “FOR” Each of the Proposals Relating to the Combination with CB&I
HOUSTON , April 17, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (“McDermott”) (NYSE:MDR) today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that McDermott stockholders vote “ FOR ” each of the proposals
04/12/18 McDermott Provides First Quarter 2018 Operational Update and Reaffirms 2018 Guidance
Strong Start to 2018 Driven by One McDermott Way Announces Increased Target for Synergies for Combined McDermott and CB&I Businesses Leveraging McDermott’s Strong Cost Culture Provides Comparison of Combined Businesses’ Annualized Interest Cost Under Current Capital Structure with Financing
04/10/18 McDermott Completes Phase 1 of QGEP Atlanta Early Production System
McDermott successfully completed the first phase of the deep-water Atlanta Early Production System, located offshore Brazil for independent Brazilian Exploration and Production company QGEP Phase 1 included successful completion of project management, engineering and offshore installation of all
04/09/18 McDermott Announces Date for First Quarter 2018 Financial Results and Conference Call
HOUSTON , April 09, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) will report financial results for the first quarter 2018 on Tuesday, April 24, 2018 . President and Chief Executive Officer David Dickson and Executive Vice President and Chief Financial Officer Stuart Spence will
04/05/18 McDermott Encourages Stockholders to Vote “FOR” the Proposed Combination with CB&I
HOUSTON , April 06, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) issued the following statement in response to a recent press release from Hotchkis & Wiley regarding the Company’s proposed combination with CB&I (NYSE:CBI): “McDermott is fully committed to completing the
04/04/18 McDermott International, Inc. Announces Pricing of $1.3 Billion of 10.625% Senior Unsecured Notes due 2024
HOUSTON , April 04, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) (“McDermott”) today announced that McDermott Technology (Americas), Inc. and McDermott Technology (US), Inc. (together, the “Post-Merger Co-Issuers”), each a wholly owned subsidiary of McDermott, have priced $1.3
03/29/18 McDermott and CB&I Announce Form S-4 Registration Statement Declared Effective
Companies Announce Dates of Special Meetings of Shareholders HOUSTON and THE WOODLANDS, Texas, March 29, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (“McDermott”) (NYSE:MDR) and CB&I (NYSE:CBI) today announced that the registration statement on Form S-4 filed with the U.S.
03/21/18 McDermott International, Inc. Announces Proposed Offering of $950 Million of Senior Unsecured Notes due 2024 and $550 Million of Senior Unsecured Notes due 2026
HOUSTON , March 21, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (MDR) (“McDermott”) today announced that McDermott Technology (US), Inc. and McDermott Technology (Americas), Inc. (together, the “Post-Merger Co-Issuers”), each a wholly owned subsidiary of McDermott, intend, subject to
03/19/18 McDermott to Present at the Scotia Howard Weil 2018 Energy Conference in New Orleans
HOUSTON , March 19, 2018 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) announced today that David Dickson , President and Chief Executive Officer, will speak at the Scotia Howard Weil 2018 Energy Conference in New Orleans on March 26, 2018 at 3:25 p.m. Central Time .
03/14/18 McDermott and CB&I Announce Conclusion of Competition Authority Reviews for Proposed Combination
HOUSTON and THE WOODLANDS, Texas , March 14, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) and CB&I (NYSE:CBI) today announced that the companies have received antitrust clearance in Russia for their proposed combination. With this clearance, McDermott and CB&I have received all
03/13/18 McDermott and CB&I Announce Executive Leadership Team and Organizational Structure for Future Combined Company
Leadership team to leverage best-in-class operational excellence, disciplined project execution and track record of strong cost management to unlock near- and long-term value McDermott and CB&I Announce Executive Leadership Team and Organizational Structure for Future Combined Company New
03/12/18 BP selects McDermott and BHGE for subsea contracts for West African Tortue/Ahmeyim Development
McDermott and Baker Hughes, a GE company (BHGE) were selected for engineering, procurement, construction and installation (EPCI) for SURF and SPS for BP’s Tortue/Ahmeyim Field Development with an initial contract placed for front-end engineering and execution readiness The companies will
03/05/18 McDermott Awarded Detailed Engineering and Long Lead Procurement for the BP Cassia C Compression Platform
McDermott to build on its strong collaborative relationship with BP on the Cassia C Compression Platform in Trinidad and Tobago This award builds on McDermott’s work on the BP Trinidad & Tobago, LLC (bpTT) Angelin project McDermott’s digital platform will deliver advanced technology through project
02/21/18 McDermott Reports Fourth Quarter and Full Year 2017 Financial and Operational Results
Exceptional Order Intake of $2.2B in the Fourth Quarter Results in Backlog of $3.9B Coupled with Significant Increase in Revenue Opportunity Pipeline One McDermott Way Drives Continued Excellent Operational Performance Leading to Over 60% Adjusted Operating Income Increase for the Full Year 2017
02/07/18 McDermott Announces Date for Fourth Quarter and Full Year 2017 Financial Results and Conference Call
HOUSTON , Feb. 07, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) will report financial results for the fourth quarter and full year of 2017 on Wednesday, February 21, 2018 . President and Chief Executive Officer David Dickson and Executive Vice President and Chief Financial
01/25/18 McDermott and CB&I Announce Early Termination of Hart-Scott-Rodino Waiting Period for Proposed Combination
HOUSTON and THE WOODLANDS, Texas , Jan. 25, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) and CB&I (NYSE:CBI) today announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
01/24/18 McDermott Updates 2017 Guidance and Issues 2018 Guidance
HOUSTON , Jan. 24, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) (“McDermott,” the “Company,” or “we”) is updating 2017 guidance and issuing 2018 guidance.  Updated Full Year 2017 Guidance   Updated Full Year 2017 Guidance ($ in millions, except as indicated) Revenues ~$3.0B
01/24/18 McDermott Awarded 13 Jacket EPCI Saudi Aramco Contract
The fourth fast-track contract awarded to date in the past 24 months builds off McDermott’s successful track record in the Middle East McDermott to provide 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields offshore Saudi Arabia with a combined weight of 24,000 metric tons Back-to-back
01/08/18 McDermott Updates Investors Regarding Proposed Combination
HOUSTON , Jan. 08, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) today provided an updated investor presentation regarding its proposed combination with CB&I (NYSE:CBI) which was announced on December 18, 2017 . The presentation, which has been included in a filing with the
01/05/18 McDermott Appoints Ian Prescott as Vice President, Asia
HOUSTON, Jan. 05, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) today announced Ian Prescott as Vice President, Asia, effective January 8 , succeeding Hugh Cuthbertson who announced plans to retire from the Company. Ian will also be a member of McDermott’s Executive Committee.  
12/22/17 McDermott Awarded EPCC Contract for Tyra Redevelopment Project by Maersk Oil
Award marks McDermott’s return to the North Sea for Engineering, Procurement, Construction and Commissioning (EPCC) work McDermott to provide its full suite of EPCC services for 7 topside structures, 6 connecting bridges and 6 jacket extensions, all meeting the stringent technical requirements for
12/18/17 McDermott and CB&I to Combine in Transaction Valued at $6 Billion
Creates a fully vertically integrated onshore-offshore EPCI company with a broad service offering and market leading technology portfolio Combined company to be a global leader with a complementary geographic portfolio and a strong presence in high-growth developing regions Significant scale with
11/22/17 McDermott to Present at the Credit Suisse 5th Annual Industrials Conference
HOUSTON, Nov. 22, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) President and Chief Executive Officer David Dickson is scheduled to speak at the Credit Suisse 5 th Annual Industrials Conference in Palm Beach, Florida, on November 30, 2017, at 7:45 a.m. Central time.
11/20/17 McDermott Awarded Next Phase of Safaniya EPCI Contract for Saudi Aramco
Award marks McDermott’s fifth contract to date for the Safaniya field, a testament to McDermott’s operational expertise in offshore Saudi Arabia McDermott to provide full suite of EPCI services for 9 slipover jackets, 10 production deck modules, an electrical distribution platform and associated
11/09/17 McDermott Awarded Major EPCI Contract in Middle East
Award testament to McDermott’s operational expertise in Middle East McDermott to provide full suite of EPCI services for significant scope of work Award to be reflected in McDermott’s Q4 2017 backlog                DUBAI, United Arab Emirates , Nov. 09, 2017 (GLOBE NEWSWIRE) -- McDermott
11/01/17 McDermott Reports Third Quarter 2017 Financial and Operational Results
Exceptional Third Quarter Results Driven by One McDermott Way Successful Marine Campaign on Inpex Ichthys Brings World’s Largest Subsea Development Closer to Completion Middle East Award Demonstrates Strong Relationship with Repeat Customer Award for KG-D6 from Reliance Industries Supports Focus in
11/01/17 McDermott Receives Letter of Award for EPCI Contract for Offshore Redevelopment Project in the Middle East
Letter of award for significant contract for engineering, procurement, construction and installation services for an offshore redevelopment project McDermott to fabricate and install four wellhead topsides, a manifold platform and jacket with associated subsea pipelines and brownfield tie-in works
11/01/17 McDermott Receives Letter of Award for KG-D6 Subsea Installation Contract from Reliance Industries
McDermott’s demonstrated strong past performance on deepwater projects led to award from Reliance Industries in India Award for subsea installation contract to cover engineering, procurement, installation and pre-commissioning for deepwater development and modification work to interface with the
10/19/17 McDermott to Present at the Future Investment Initiative
RIYADH, Saudi Arabia , Oct. 19, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) President and Chief Executive Officer David Dickson is scheduled to speak on a panel at the Future Investment Initiative in Riyadh, Saudi Arabia on October 26, 2017 at 9 a.m.
10/16/17 McDermott Announces Date for Third Quarter 2017 Financial Results and Conference Call
HOUSTON , Oct. 16, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) will report financial results for the third quarter of 2017 on Wednesday, November 1, 2017 . President and Chief Executive Officer David Dickson and Executive Vice President and Chief Financial Officer Stuart
10/12/17 McDermott to Present at 38th Annual Oil & Money Conference
HOUSTON , Oct. 12, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) President and Chief Executive Officer David Dickson will participate in a panel entitled: “Solving the Project Management Puzzle” at the 38 th annual Oil & Money conference in London on October 18 at 11:45 a.m.
09/19/17 McDermott to Present at the Johnson Rice & Company 2017 Energy Conference
HOUSTON , Sept. 19, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) Vice President, Treasurer and Investor Relations Ty Lawrence is scheduled to speak at the Johnson Rice & Company 2017 Energy Conference in New Orleans, Louisiana on September 26, 2017 at 10:30 a.m. Central time .
09/07/17 McDermott to Present at Pareto Securities’ 24th Oil & Offshore Conference
HOUSTON , Sept. 07, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) President and Chief Executive Officer David Dickson is scheduled to speak at Pareto Securities’ 24 th Oil & Offshore Conference in Oslo, Norway on September 14, 2017 at 10:00 a.m. Central European time ( 3:00 a.m.
09/05/17 McDermott Appoints Philippe Barril to Board of Directors
HOUSTON , Sept. 05, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that Philippe Barril has been appointed to its Board of Directors, effective September 1 , 2017.  Mr. Barril will serve on the Company’s Governance Committee. Mr.
08/14/17 McDermott Appoints John Freeman as Senior Vice President, General Counsel and Corporate Secretary
HOUSTON , Aug. 14, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that John Freeman has been appointed Senior Vice President, General Counsel and Corporate Secretary, effective today. He succeeds Liane Hinrichs who has announced her intention to retire from
07/25/17 McDermott Reports Second Quarter 2017 Financial and Operational Results
Increased Profitability and Cash Flow Generation Driven by Efficient Project Execution and Higher Activity One McDermott Way Continues to Drive Operational Excellence New $810M Credit Agreement with Five-year Term Provides Increased Flexibility and Supports Growth Company to Host Conference Call
07/10/17 McDermott Announces Date for Second Quarter 2017 Financial Results and Conference Call
HOUSTON , July 10, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) will report financial results for the second quarter of 2017 on Tuesday, July 25, 2017 . President and Chief Executive Officer David Dickson and Executive Vice President and Chief Financial Officer Stuart Spence
07/03/17 McDermott Announces $810 Million Credit Agreement
New Credit Agreement supports business growth with increased letter of credit capacity from $450 million to $810 million and extends maturity to 2022 McDermott has increased financial flexibility with addition of a $300 million revolving cash sublimit Repayment of Term Loan leads to reduction in
06/13/17 McDermott Completes Load-out and Install of First Jacket from Dammam Fabrication Yard
Load-out marks first jacket delivered to Saudi Aramco from McDermott’s recently opened Dammam fabrication yard Jacket was completed on schedule and installed in Safaniya oil field Dammam yard surpasses 600,000 man-hours lost time incident free DUBAI, United Arab Emirates , June 13, 2017 (GLOBE
06/05/17 McDermott Awarded Angelin EPCIC Contract from BP Trinidad & Tobago
McDermott to design, fabricate and install jacket, platform and pipeline Successful multi-phase front-end engineering design performance leads to EPCIC contract award McDermott offers the most efficient and technically sound solution for BP HOUSTON, June 05, 2017 (GLOBE NEWSWIRE) -- McDermott
06/01/17 McDermott to Present at Barclays High Yield Bond & Syndicated Loan Conference in Colorado Springs
HOUSTON , June 01, 2017 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) announced today that Stuart Spence , Executive Vice President and Chief Financial Officer, will speak at the Barclays High Yield Bond & Syndicated Loan Conference in Colorado Springs, Colorado on June 8, 2017
05/24/17 McDermott to Present at the 2017 KeyBanc Capital Markets Industrial, Automotive & Transportation Conference in Boston
HOUSTON , May 24, 2017 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) announced today that David Dickson , President and Chief Executive Officer, will speak at the KeyBanc Capital Markets Industrial , Automotive & Transportation Conference in Boston on May 31, 2017 at 9 a.m.
05/20/17 McDermott and Saudi Aramco Announce Memorandum of Understanding at the First Saudi-U.S. CEO Forum
McDermott is the only EPCI contractor attending the forum MOU outlines McDermott’s nine initiatives in support of Aramco’s In-Kingdom Total Value Add (IKTVA) initiative  MOU further demonstrates McDermott’s commitment to Saudi Arabia’s 2030 vision                      RIYADH, Saudi Arabia , May 20,
05/09/17 McDermott Appoints Ty Lawrence as Vice President, Treasurer and Investor Relations
HOUSTON, May 09, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that Ty Lawrence has been appointed Vice President, Treasurer and Investor Relations, replacing Kathy Murray who has been appointed Vice President of Finance for Project Execution and Delivery.
05/05/17 McDermott Announces Results of Annual Stockholders’ Meeting
HOUSTON , May 05, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today the results of its 2017 Annual Meeting of Stockholders held Friday, May 5, 2017 in Houston, Texas . Based on the voting results from the meeting, stockholders re-elected Messrs. John F.
04/25/17 McDermott Reports First Quarter 2017 Financial and Operational Results
Strong Start to 2017 with Increased Guidance due to Increased Profitability and Cash Flow Strategic MOU with Saudi Aramco Supports Leadership Position in the Middle East Implementation Underway of First-of-its-Kind Software Platform to Deliver Best Industry Solutions for Project Lifecycle
04/04/17 McDermott Announces Date for First Quarter 2017 Financial Results and Conference Call
HOUSTON , April 04, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) will report financial results for the first quarter 2017 on Tuesday, April 25, 2017 . President and Chief Executive Officer David Dickson and Executive Vice President and Chief Financial Officer Stuart Spence will
03/27/17 McDermott to Use Integrated Software Platform to Deliver Best in Industry EPCI Solutions for Project Lifecycle
McDermott is the first EPCI Company to implement an advanced data solution to improve schedule certainty for its customers Cutting-edge platform, based on Dassault Systèmes’ 3DEXPERIENCE platform, provides improved safety, quality and greater efficiency from project inception to decommissioning,
03/20/17 McDermott to Present at the Scotia Howard Weil 2017 Energy Conference in New Orleans
HOUSTON , March 20, 2017 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) announced today that David Dickson , President and Chief Executive Officer, will speak at the Scotia Howard Weil 2017 Energy Conference in New Orleans on March 27, 2017 at 3:35 p.m. Central Time .
03/09/17 McDermott to Present at the Credit Agricole 10th Annual Global High Yield & Leveraged Finance Conference in London
HOUSTON , March 09, 2017 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) announced today that Brian McLaughlin ,  Sr. Vice President, Commercial, will speak at the Credit Agricole 10 th Annual Global High Yield & Leveraged Finance Conference in London on March 16, 2017 at 8:35
03/08/17 McDermott Signs Strategic Memorandum of Understanding to Construct Offshore Production Solutions in Saudi Arabia
Strategic long-term plan expands McDermott’s capabilities and capacity to service its growing Middle East and other regional markets Phased approach includes building state-of-the-art, technologically advanced fabrication facilities with increased automation and a new marine base Saudi Arabia’s
03/01/17 McDermott awarded offshore subsea contract from Hess Corporation
McDermott selected for best total solution for customer McDermott to provide subsea tieback work for the Hess Penn State Deep (PSD) field in the Gulf of Mexico Award marks the beginning of a new relationship with Hess                      HOUSTON , March 01, 2017 (GLOBE NEWSWIRE) -- McDermott
02/27/17 McDermott reaches 50 million man-hours performed without a lost time incident (LTI) in Middle East
McDermott marks industry-leading safety standard in Middle East Area The 50 million man-hours spans three years, during which McDermott has installed over 80,000 tonnes of steel and laid over 200 km of pipeline 50 million man-hours: the equivalent of building the Burj Khalifa 2.25 times DUBAI ,
02/22/17 McDermott to Present at the DNB Annual Oil, Offshore & Shipping Conference in Oslo, Norway
HOUSTON , Feb. 22, 2017 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) announced today that Scott Munro , Vice President, Americas , Europe & Africa , will speak at the DNB Annual Oil, Offshore & Shipping Conference in Oslo, Norway on March 1, 2017 at 3:25 p.m.
02/21/17 McDermott Reports Fourth Quarter and Full-Year 2016 Financial and Operational Results
Fourth Quarter Order Intake Maintains Leading Position in Middle East with 2016 Book-to-Bill of 1.0x $4.3B in Backlog and Schedule Responsiveness and Flexibility Drive Higher Guidance Profitable Full-Year 2016 Result of Strong Execution and Focus on Cost Management Proven Success of One McDermott
02/21/17 McDermott Acquires Newly Built Deepwater Pipelay and Construction Vessel Amazon
Vessel part of McDermott’s overall fleet strategy to extend technical capabilities of global fleet and grow subsea, umbilicals, risers and flowlines (SURF) market position The Company plans to upgrade the vessel to a state-of-the-art J-lay vessel to expand its ultradeepwater capabilities McDermott
02/07/17 McDermott Announces Date for Fourth Quarter and Full Year 2016 Financial Results and Conference Call
HOUSTON , Feb. 07, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) will report financial results for the fourth quarter and full year 2016 on Tuesday, February 21, 2017 . President and Chief Executive Officer David Dickson and Executive Vice President and Chief Financial Officer
01/25/17 McDermott awarded offshore pipelay contract in the Middle East
Back-to-back awards with Middle East customers demonstrates McDermott’s experience and proven performance Contract builds off McDermott’s successful track record in the Middle East Sizeable award will be included in Q4 2016 backlog DUBAI , Jan. 25, 2017 (GLOBE NEWSWIRE) -- McDermott International,
01/25/17 McDermott awarded offshore EPCI contract from Saudi Aramco
Award recognizes McDermott’s unique combination of experience and proven performance McDermott leverages unmatched record of demonstrated cost and schedule performance in offshore Saudi Arabia Eighth EPCI project awarded from Aramco since 2015 DUBAI , Jan.
01/04/17 McDermott awarded offshore EPCI contract from Saudi Aramco
McDermott to provide fast-track EPCI solution to meet tight schedule Third fast-track project awarded from Saudi Aramco to McDermott in past 18 months Award builds on McDermott's successful track record of schedule certainty as shown by the completion of twelve jackets and continued progress on
11/07/16 McDermott Reaches 45-million Man-hours Without LTI in Middle East
McDermott marks industry-leading QHSES standard in Middle East Area Company-wide initiatives ‘Taking the Lead’ and ‘McDermott Operational Values’ support achievement 45-million man-hours: the equivalent of building the Burj Khalifa – twice                     ABU DHABI, United Arab Emirates, Nov.
11/01/16 McDermott Opens New 300-Person Office in Kingdom of Saudi Arabia
New office adds space for up to 300 staff and expands McDermott’s engineering capacity and Saudi operations McDermott to significantly increase in-Kingdom contribution in support of Saudi Arabia’s Vision 2030 HOUSTON, Nov. 01, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc.
10/25/16 McDermott Reports Third Quarter 2016 Financial and Operational Results
Profitable Quarter Due to Strong Project Execution and Cost Management Driven by the “One McDermott Way” Initiative Strong Foundation for 2017, with $2.4 Billion of Expected Revenue in Backlog Excellence in Project Execution exhibited by Fabrication Completion of Ayatsil-C, First Steel Cut for
10/18/16 McDermott Announces Date for Third Quarter 2016 Financial Results and Conference Call
HOUSTON , Oct. 18, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) will report financial results for the third quarter 2016 on Tuesday, October 25, 2016 . President and Chief Executive Officer David Dickson and Executive Vice President and Chief Financial Officer Stuart Spence
09/16/16 McDermott to Present at the Johnson Rice & Company 2016 Energy Conference
HOUSTON , Sept. 16, 2016 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) President and Chief Executive Officer David Dickson is scheduled to speak at the Johnson Rice & Company Energy Conference in New Orleans, Louisiana on September 22 at 11:00 a.m. Central time ( 12:00 p.m.
09/07/16 McDermott to Present at the Pareto Securities 23rd Annual Oil & Offshore Conference
HOUSTON , Sept. 07, 2016 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) President and Chief Executive Officer David Dickson is scheduled to speak at the Pareto Securities 23 rd Annual Oil & Offshore Conference in Oslo, Norway on September 14 at 2:10 p.m.
08/31/16 McDermott to Present at the D.A. Davidson 15th Annual Engineering & Construction Conference
HOUSTON , Aug. 31, 2016 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) Executive Vice President and Chief Financial Officer Stuart Spence is scheduled to speak at the D.A. Davidson 15 th Annual Engineering & Construction Conference in San Francisco on September 7 at 1:45 p.m.
08/01/16 Yamal LNG Modules Delivered on Schedule by the Joint-venture Qingdao McDermott Wuchuan (QMW)
QMW built six LNG process modules on schedule using innovative process with final three modules shipped on July 29 Achieved four million man-hours without a single Lost Time Incident                    
07/26/16 McDermott Reports Second Quarter 2016 Financial and Operational Results
Focus on Cost Improvement and Project Execution Results in Significant Operating Margin Improvements  Pemex Abkatun-A2 Award Demonstrates Vertically Integrated, Local Solution in Mexico Extensive Experience in Middle East Leads to Large EPCI Awards Driving Substantial Backlog Increase Company to
07/26/16 McDermott and Nakilat-Keppel Offshore Marine Enter Exclusive Cooperation Agreement in Qatar
Five-year agreement aims to increase local content for projects in Qatar McDermott serves as prime contractor and leads engineering, procurement and installation; N-KOM serves as subcontractor and performs fabrication Cooperation adds to McDermott’s existing fabrication capacity in the Middle East
07/12/16 McDermott Announces Date for Second Quarter 2016 Financial Results and Conference Call
HOUSTON , July 12, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) will report financial results for the second quarter 2016 on Tuesday, July 26, 2016 . President and Chief Executive Officer David Dickson and Executive Vice President and Chief Financial Officer Stuart Spence will
06/27/16 McDermott Awarded Abkatun-A2 Contract from PEMEX Exploracion y Produccion
McDermott offers most efficient & technically sound solution Builds on customer confidence established with completion of complex PB Litoral A project and infrastructure for the Ayatsil Field HOUSTON, June 27, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc.
06/20/16 McDermott Awarded 2017 Campaign under Multi-Year Offshore Installation Contract with Brunei Shell Petroleum
Confirmation of client confidence and strong performance in prior years Secures additional work in Asia for key marine asset Award scope contributes to Customer and Country production goals HOUSTON , June 20, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc.
06/02/16 McDermott to Present at the Credit Suisse 2016 Engineering & Construction Conference
HOUSTON , June 02, 2016 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) President and Chief Executive Officer David Dickson will speak at the Credit Suisse 2016 Engineering & Construction Conference in New York City on June 2 at 11:30 a.m. ET .
05/18/16 McDermott Joins 14 Offshore Companies in Signing Joint Offshore Engineering Standardization Agreement
HOUSTON, May 18, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) has joined with 14 other leading offshore companies in signing a Memorandum of Understanding (MOU) to establish engineering industry standards. Vaseem Khan, Professional Engineer and McDermott Vice President, Global
05/16/16 McDermott Announces Completion of Amendment to Extend Senior Secured Credit Agreement
HOUSTON , May 16, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) today announced that it has satisfied all conditions to the amendment to the Company’s Senior Secured Credit Agreement (“Amendment No. 3”) which in part extends the maturity date of the letter of credit facility
05/05/16 McDermott Reports First Quarter 2016 Financial and Operational Results
Excellence in Project Execution Drives Operational Profitability in First Quarter Continued Penetration into the Subsea Market with the Woodside Award Utilizing the DLV 2000 Completion of the PB Litoral Project Illustrates Ability to Successfully Execute Significant Complex Projects in Mexico
05/05/16 McDermott Awarded Three Offshore EPCI Projects and Additional Scope on Existing Contract in Arabian Gulf
HOUSTON , May 05, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that it has been awarded three separate projects by a major national oil company for the integrated engineering, procurement, construction, and installation (EPCI) services in multiple fields in the
04/29/16 McDermott Announces Annual Stockholders’ Meeting Results
HOUSTON , April 29, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today the results of its 2016 Annual Meeting of Stockholders held on Friday, April 29, 2016 in Houston, Texas . Based on the voting results from the meeting, stockholders re-elected Messrs. John F.
04/28/16 McDermott Successfully Completes Otis Subsea Tieback for LLOG Exploration Offshore Gulf of Mexico
HOUSTON , April 28, 2016 (GLOBE NEWSWIRE) -- McDermott International (NYSE:MDR) has successfully completed the installation scope associated with the Otis development in the Gulf of Mexico on behalf of LLOG Exploration Offshore. McDermott’s Lay Vessel North Ocean 105 (LV 105) completed the
04/28/16 McDermott Announces Date for First Quarter 2016 Financial Results and Conference Call
HOUSTON , April 28, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that it plans to report financial results for the first quarter 2016 on Thursday, May 5, 2016 after the close of the markets. The Company has scheduled a conference call related to its first
04/19/16 McDermott Announces Amendment to Senior Secured Credit Agreement and Addition of a Bilateral Letter of Credit Line
HOUSTON , April 18, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) today announced that it has entered into an amendment to the Company’s Senior Secured Credit Agreement (the “Amendment”). The Amendment includes replacement of an existing minimum EBITDA requirement with a more
04/14/16 McDermott’s Flagship Derrick Lay Vessel 2000 Formally Named in Keppel Singmarine Shipyard Ceremony
D LV 2000 joins 13-vessel fleet serving offshore, subsea and deepwater customers DLV 2000 will be a key asset for field development in remote locations through its combination of versatile construction capabilities and transit speed DLV 2000’s first assignment will be in Australia Ceremony attended
03/21/16 McDermott to Present at Scotia Howard Weil’s 44th Annual Energy Conference
HOUSTON , March 21, 2016 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) today announced that David Dickson, President and Chief Executive Officer, is scheduled to present at Scotia Howard Weil’s 44 th Annual Energy Conference at the Roosevelt Hotel in New Orleans.  Mr.
03/15/16 McDermott International, Inc. to Host Press Conference, Media Tours of New Flagship DLV 2000 in Singapore
HOUSTON , March 15, 2016 (GLOBE NEWSWIRE) -- WHAT: International business and trade media are invited to tour McDermott’s new flagship, the derrick lay vessel DLV 2000, and interview members of the McDermott leadership team in advance of its formal naming ceremony the following day.
03/15/16 McDermott to Attend 2016 Engineering & Construction 1x1 Conference
HOUSTON , March 15, 2016 (GLOBE NEWSWIRE) -- McDermott International , Inc. (NYSE:MDR) today announced that David Dickson, the Company’s President and Chief Executive Officer, is scheduled to participate at the 2016 Engineering & Construction 1x1 Conference in New York City on Thursday, March
03/07/16 McDermott to Present at CACIB 9th Annual Global High Yield Conference
HOUSTON , March 07, 2016 (GLOBE NEWSWIRE) -- McDermott International  (NYSE:MDR) today announced that Stuart A. Spence, the Company’s Executive Vice President and Chief Financial Officer, is scheduled to present at the Crédit Agricole Corporate and Investment Bank (CACIB) 9 th Annual Global High
03/03/16 McDermott Wins Offshore Project in the Middle East
HOUSTON , March 03, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that it has been awarded a large contract by an upstream oil and gas operator for a project offshore in the Middle East.  The scope includes engineering, procurement, fabrication, transportation
02/22/16 McDermott Reports Fourth Quarter and Full-Year 2015 Financial and Operational Results
Focus on Project Execution and Cost Management has Driven a Significant Increase in Operational Profit in 2015 Recent Awards Balancing Geographic Portfolio and Successful Entry into the India Subsea Market Substantial Backlog Provides Strong Foundation for 2016 Company to Host Conference Call and
02/22/16 McDermott and Larsen & Toubro Enter Exclusivity Agreement for India Deepwater Market
Combined capability offering of both companies creates a unique and compelling value proposition for east coast India deepwater developments Agreement builds on successful collaboration that resulted in the recent award of Vashishta Deepwater Greenfield development Long-term, mutually exclusive
02/22/16 McDermott Awarded Woodside Greater Western Flank Phase 2 Subsea Pipeline and Installation Contract Offshore Australia
Woodside award builds on McDermott’s leading position in Australian subsea umbilical riser and flowline (SURF) market Large contract award provides newest addition to McDermott’s global fleet, DLV 2000, with initial pipe-lay project McDermott’s vertically integrated capabilities integral to overall
02/22/16 McDermott Secures First Subsea Installation Scope for New DLV 2000 Offshore Australia
McDermott confirms first work for flagship derrick lay vessel DLV 2000 scope secured for INPEX Ichthys LNG Project subsea installation works Offshore work expected to commence during the second quarter of 2016 HOUSTON, Feb. 22, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc.
02/22/16 McDermott Appoints Erich Kaeser to Its Board of Directors
HOUSTON , Feb. 22, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that Erich Kaeser has been appointed to its Board of Directors, effective February 23 , 2016.  Mr. Kaeser will serve on the Company’s Audit Committee. Mr.
02/18/16 McDermott Announces Date of Naming Ceremony for DLV 2000
Flagship vessel for McDermott’s global offshore pipelay and construction fleet Highly versatile vessel, configured to meet a wide variety of market demands worldwide Significantly enhances global fleet capabilities, providing entry to new market opportunities HOUSTON, Feb.
02/08/16 McDermott Announces Date for Fourth Quarter and Full Year 2015 Financial Results and Conference Call
HOUSTON , Feb. 08, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that it plans to report financial results for the fourth quarter and full year 2015 on Monday, February 22, 2016 after the close of the markets. The Company has scheduled a conference call related
01/27/16 McDermott Awarded Installation Contract for Deepwater Gulf of Mexico Subsea Tieback
New Gulfport, Mississippi Spoolbase to Support Subsea Tieback Project HOUSTON, Jan. 27, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) today announced it has been awarded a subsea umbilical and flowline installation contract by Anadarko Petroleum Corporation in support of its
01/11/16 McDermott Appoints Murray as Vice President, Treasurer and Investor Relations
HOUSTON, Jan. 11, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE: MDR ) announced today that Kathy Murray has been appointed Vice President, Treasurer and Investor Relations. Ms. Murray adds the role of Investor Relations to her current duties as Treasurer.
12/21/15 McDermott and Larsen & Toubro Consortium Awarded SURF Scope for ONGC Vashishta and S1 Development Project
Significant award for major subsea project off the East coast of India McDermott and L&T Hydrocarbon Engineering consortium provide best in-market execution solution Greenfield deepwater award marks McDermott return to India HOUSTON and CHENNAI, India , Dec.
12/08/15 McDermott Wins Sizeable Award for Offshore Development in Trinidad
HOUSTON , Dec. 08, 2015 (GLOBE NEWSWIRE) -- McDermott International, Inc. , (NYSE:MDR) today announced it has been awarded a sizeable transport and installation contract by an upstream oil and gas operator for a project offshore Trinidad , West Indies.
11/30/15 McDermott to Present at Cowen and Company 5th Ultimate Energy Conference
HOUSTON , Nov. 30, 2015 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) today announced that Scott Munro , McDermott’s Vice President, Americas , Europe and Africa , is scheduled to present at the Cowen and Company 5 th Ultimate Energy Conference in New York City on Tuesday, December
11/16/15 McDermott Unveils New Website
HOUSTON , Nov. 16, 2015 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) today launched a new web presence ( www.mcdermott.com ) to enhance the McDermott experience for clients, investors, suppliers, employees and potential members of the Company’s global team.
11/16/15 McDermott 2015 Investor’s Day Advisory
HOUSTON , Nov. 16, 2015 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) will broadcast its 2015 investor and analyst meeting scheduled for 8 a.m. ET / 7 a.m. CT on Tuesday, November 17, 2015 . The meeting will be broadcast live on the Internet at www.mcdermott-investors.com and will be
11/09/15 McDermott Reports Third Quarter 2015 Financial and Operational Results
Lump Sum Award in Saudi Arabia and Two New Awards in Qatar Significant Build of Backlog PB Litoral Sail-Away and Float-over Company to Host Conference Call and Webcast Today at 4:00 pm CDT HOUSTON , Nov. 09, 2015 (GLOBE NEWSWIRE) -- McDermott International, Inc.
11/09/15 McDermott Awarded EPCI Project Offshore Qatar
HOUSTON , Nov. 09, 2015 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that it has been awarded a large brownfield contract by RasGas Company Limited (RasGas) for the engineering, procurement, construction and installation (EPCI) of a flow assurance and looping project
10/29/15 McDermott’s Ghana Joint Venture Receives Regulatory Approval
CAPE TOWN, South Africa and ACCRA, Ghana, Oct. 28, 2015 (GLOBE NEWSWIRE) -- McDermott International, Inc. , (NYSE:MDR) today announced it has received regulatory approval for its McDermott Marine Construction Ghana Limited (MMCGL) joint venture to pursue key offshore opportunities in Ghana.
10/28/15 McDermott Announces Date for Third Quarter 2015 Financial Results and Conference Call
HOUSTON , Oct. 28, 2015 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that it plans to issue a press release regarding its financial results for the third quarter 2015 on Monday, November 9, 2015 after the close of trading.
10/08/15 McDermott Wins EPCI Project for Four Jackets Offshore Qatar
HOUSTON --(BUSINESS WIRE)--Oct. 8, 2015-- McDermott International, Inc. (NYSE:MDR) today announced it has been awarded a sizeable brownfield project by Qatar Petroleum for the engineering, procurement, construction and installation (EPCI) of four wellhead jackets.
09/24/15 McDermott to Present at Johnson Rice 2015 Energy Conference
HOUSTON --(BUSINESS WIRE)--Sep. 24, 2015-- McDermott International, Inc. (NYSE: MDR) announced today that David Dickson , President and Chief Executive Officer, is scheduled to present at the Johnson Rice 2015 Energy Conference in New Orleans, Louisiana , on Tuesday, September 29, 2015 at
09/09/15 McDermott Announces Upcoming Investor Presentation Schedule
HOUSTON --(BUSINESS WIRE)--Sep. 9, 2015-- McDermott International, Inc. (NYSE: MDR) today announced its schedule of upcoming investor presentations and webcasts: On Thursday, September 10 , McDermott’s Executive Vice President and Chief Financial Officer, Stuart Spence , will be presenting at the
08/31/15 McDermott to Present at Investor Conference
HOUSTON --(BUSINESS WIRE)--Aug. 31, 2015-- McDermott International, Inc. (NYSE: MDR) today announced that David Dickson , President and Chief Executive Officer, is scheduled to present at Pareto Securities’ 22nd Oil and Offshore Conference in Oslo, Norway on Wednesday, September 2, 2015 at 7:10
08/27/15 McDermott Awarded Lump Sum Contract by Saudi Aramco
Combined package is the largest single award in the history of McDermott’s Middle East Area Brownfield award follows signing of Long Term Agreement in June 2015 HOUSTON --(BUSINESS WIRE)--Aug. 27, 2015-- McDermott International, Inc. (NYSE:MDR) announced today it has been awarded a lump sum
08/10/15 McDermott Reports Second Quarter 2015 Financial and Operational Results
Positive Financial Results Reported Across All Business Areas Strong Execution on Current Project Portfolio Revised Guidance for Full Year 2015 Company to Host Conference Call and Webcast Today at 4:00 pm CDT HOUSTON --(BUSINESS WIRE)--Aug. 10, 2015-- McDermott International, Inc.
07/29/15 McDermott Announces Date for Second Quarter 2015 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Jul. 29, 2015-- McDermott International, Inc. (NYSE: MDR) announced today that it plans to issue a press release regarding its financial and operational results for the second quarter of 2015 on Monday, August 10, 2015 after the close of trading.
07/07/15 McDermott Signs Long Term EPCI Agreement with Saudi Aramco
Long Term Agreement signed for future brownfield engineering, production, construction and installation in offshore Saudi Arabia Award mirrors McDermott’s 45 years of operational and technical success in the region HOUSTON --(BUSINESS WIRE)--Jul. 7, 2015-- McDermott International, Inc.
06/23/15 McDermott Awarded Otis Field Subsea Tieback Project by LLOG
HOUSTON --(BUSINESS WIRE)--Jun. 23, 2015-- McDermott International, Inc. (NYSE: MDR) has been awarded a sizeable lump sum contract by LLOG Exploration Offshore, LLC (LLOG) in support of LLOG’s Otis development located in the Gulf of Mexico . The lump sum contract will be included in McDermott’s
06/18/15 Qingdao McDermott Wuchuan Awarded Module Fabrication Contract for Yamal LNG Project
06/04/15 McDermott Wins PEMEX Bay of Campeche Ayatsil-C EPCI Contract
HOUSTON --(BUSINESS WIRE)--Jun. 4, 2015-- McDermott International, Inc. (NYSE:MDR) today announced it has been awarded an offshore contract by Petróleos Mexicanos (PEMEX) for the engineering, procurement, construction, installation (EPCI) and pre-commissioning of the Ayatsil-C replacement jacket
06/03/15 CORRECTING and REPLACING McDermott to Present at Credit Suisse 2015 Engineering & Construction Conference
HOUSTON --(BUSINESS WIRE)--Jun. 3, 2015-- Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: MCDERMOTT TO PRESENT AT CREDIT SUISSE 2015 ENGINEERING & CONSTRUCTION CONFERENCE McDermott International (NYSE: MDR) today announced
06/03/15 McDermott to Present at Credit Suisse 2015 Engineering & Construction Conference
HOUSTON --(BUSINESS WIRE)--Jun. 3, 2015-- McDermott International (NYSE: MDR) today announced that David Dickson , the Company’s President and Chief Executive Officer, is scheduled to present at the Credit Suisse 2015 Engineering & Construction Conference in New York on Thursday, June 4, 2015 .
05/26/15 McDermott Awarded Project for Twelve Jackets Offshore Saudi Arabia
HOUSTON --(BUSINESS WIRE)--May 26, 2015-- McDermott International, Inc. (NYSE:MDR) announced today that it has been awarded a large brownfield contract by Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of twelve jackets for offshore oil and gas fields in Saudi
05/11/15 McDermott Reports First Quarter 2015 Financial and Operational Results
Successful Quarter of New Order Intake in the Middle East and Americas Continued Focus on Efficient Execution of Key Projects Across All Areas Company to Host Conference Call and Webcast Today at 4:00 p.m. CT HOUSTON --(BUSINESS WIRE)--May 11, 2015-- McDermott International, Inc.
05/08/15 McDermott Announces Results of Stockholders’ Meeting
HOUSTON --(BUSINESS WIRE)--May 8, 2015-- McDermott International, Inc. (NYSE: MDR) announced today the results of its 2015 Annual Meeting of Stockholders held Friday, May 8, 2015 in Houston, Texas . Based on the voting results from the meeting, shareholders re-elected Messrs. John F.
05/04/15 McDermott Awarded Large Contract Amendment by Al-Khafji Joint Operations for a Kuwait Offshore Platform
HOUSTON --(BUSINESS WIRE)--May 4, 2015-- McDermott International, Inc. (NYSE: MDR) announced today that it has received a large contract amendment from Al-Khafji Joint Operations (KJO) for a platform in the Hout field, located 26 miles east of Al-Khafji in the divided zone between Kuwait and the
05/01/15 McDermott Announces Date for First Quarter 2015 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--May 1, 2015-- McDermott International, Inc. (NYSE: MDR) announced today that it plans to issue a press release regarding its financial results for the first quarter 2015 on Monday, May 11, 2015 , after the close of trading. The conference call is to begin at 4:00 pm (US
04/23/15 McDermott Creates Joint Venture to Deliver Offshore Solutions in Ghana
04/07/15 McDermott Awarded SURF Installation Scope for Atlanta Early Production System by Brazil Exploration and Production Company Queiroz Galvão Exploração e Produção S.A. (QGEP)
HOUSTON --(BUSINESS WIRE)--Apr. 7, 2015-- McDermott International, Inc. (NYSE:MDR) announced that the consortium between McDermott and a consortium partner has been awarded the SURF engineering, product supply and installation scope for the Atlanta Early Production System (EPS) in the Santos Basin
03/30/15 McDermott Awarded Chevron Subsea Installation Contract for Jack and St. Malo Fields Expansion
HOUSTON --(BUSINESS WIRE)--Mar. 30, 2015-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that it has been awarded a sizeable contract to transport and install subsea umbilicals, manifolds, jumpers and flying leads for Chevron U.S.A. Inc.
03/20/15 McDermott to Participate at Investor Conference
HOUSTON --(BUSINESS WIRE)--Mar. 20, 2015-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced that David Dickson , President and Chief Executive Officer, will present at Howard Weil’s Energy Conference in New Orleans, Louisiana on March 24, 2015 at 11:35 a.m. Central time .
03/03/15 McDermott Awarded Subsea Fabrication Contract by FMC Technologies for Jangkrik Complex Offshore Kalimantan, Indonesia
03/02/15 McDermott Reports Fourth Quarter and Full Year 2014 Financial Results
Results Reflect Improved Execution, Recent Awards in Middle East and Asia New Business Partnerships with Industry Leaders Company to Host Conference Call and Webcast Today at 4:00 pm CT HOUSTON --(BUSINESS WIRE)--Mar. 2, 2015-- McDermott International, Inc.
03/02/15 McDermott Awarded Initial Work for the Marjan Gas Oil Separation Plant (GOSP’s) Power Supply Generation System Offshore Saudi Arabia
HOUSTON --(BUSINESS WIRE)--Mar. 2, 2015-- McDermott Middle East, Inc. (NYSE:MDR) (“McDermott”) announced today that it has been awarded initial work for a significant power supply system replacement contract by Saudi Aramco for the Marjan field, offshore Saudi Arabia .
03/02/15 McDermott Awarded Wellhead Jacket, Deck and Umbilical Project Offshore Qatar
HOUSTON --(BUSINESS WIRE)--Mar. 2, 2015-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that it has been awarded a large project for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum for the North Field Alpha gas development, offshore Qatar .
02/25/15 McDermott and Petrofac Form Strategic Alliance
The alliance enables the joint pursuit of top-tier, deepwater SURF projects HOUSTON --(BUSINESS WIRE)--Feb. 25, 2015-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) and Petrofac Limited (“Petrofac”), an international oil and gas facilities service provider, announced today they have
02/18/15 McDermott Announces Dates for Fourth Quarter and Full Year 2014 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Feb. 18, 2015-- McDermott International, Inc. (NYSE:MDR) (“McDermott” or the “Company”) announced today that it plans to report financial results for the fourth quarter and full year 2014 on Monday, March 2, 2015 , after the close of the markets.
02/04/15 Darcey Matthews Joins McDermott as Vice President, Investor Relations
HOUSTON --(BUSINESS WIRE)--Feb. 4, 2015-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that Darcey Matthews has joined McDermott as Vice President, Investor Relations, effective 2 February 2015 . Matthews is based in Houston .
01/27/15 McDermott Derrick Barge 50 Lifts 3,250-ton Jacket in Gulf of Mexico
01/15/15 McDermott and GE Launch io oil & gas consulting
HOUSTON --(BUSINESS WIRE)--Jan. 15, 2015-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) and GE Oil & Gas (NYSE: GE) (“GE”) today launched io oil & gas consulting, a new independent venture to transform front-end offshore field development.
01/08/15 McDermott Engineering Solution Drives Successful Topside Float-over Installation
01/07/15 McDermott’s China Joint Venture Delivers Fast-track Module Fabrication Project for Mexico
01/06/15 McDermott Altamira Facility Is the First Fabrication Free Trade Zone in Mexico
HOUSTON --(BUSINESS WIRE)--Jan. 6, 2015-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) has received authorization from the Central Administration of Customs in Mexico to operate its Altamira fabrication facility near Tampico, Mexico , as a free trade zone.
01/05/15 McDermott Awarded Bay of Campeche Ayatsil-A Installation Contract for PEMEX
HOUSTON --(BUSINESS WIRE)--Jan. 5, 2015-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that it has been awarded a contract to install the offshore jacket, deck and piles for the Ayatsil-A drilling platform for PEMEX Exploracion y Produccion (“PEMEX”) in the Bay of Campeche
12/02/14 McDermott Successfully Completes Transportation and Installation of Banyu Urip Single Point Mooring Tower, Offshore Indonesia
11/12/14 McDermott Demonstrates Effective Project Execution with Milestone Delivery of Riser Support Structure for Ichthys Project
HOUSTON --(BUSINESS WIRE)--Nov. 12, 2014-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that it has successfully delivered the riser support structure (“RSS”) for the INPEX -operated Ichthys LNG Project’s subsea umbilical, riser, flowline development.
11/11/14 McDermott Awarded Significant Multi-year Offshore Installation Contract by Brunei Shell Petroleum
HOUSTON --(BUSINESS WIRE)--Nov. 11, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or “the Company”) announced today that it has been awarded a three-year shallow water pipeline contract by Brunei Shell Petroleum Company Sdn . Bhd.
11/05/14 McDermott Reports Third Quarter 2014 Financial Results
Results Reflect Improved Execution Solid Backlog, Improved Customer Relations Position the Company for Long-Term Growth Company to Host Conference Call and Webcast Today at 4:00 pm CT HOUSTON --(BUSINESS WIRE)--Nov. 5, 2014-- McDermott International, Inc.
10/27/14 McDermott Announces Date for Third Quarter 2014 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Oct. 27, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that it plans to issue a press release regarding its financial results for the third quarter 2014 on Wednesday, November 5, 2014 , after the close of trading on the
10/20/14 McDermott Awarded Second Contract for PETRONAS Bukit Tua Development in East Java, Indonesia
HOUSTON --(BUSINESS WIRE)--Oct. 20, 2014-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that one of its subsidiaries was awarded a transportation, installation and pre-commissioning contract by PC Ketapang II Ltd , a subsidiary of PETRONAS, for the Bukit Tua Development
10/02/14 World’s Largest Specialty Valves Created with McDermott Engineers
HOUSTON --(BUSINESS WIRE)--Oct. 2, 2014-- After nearly two years of planning, development and perseverance, a dedicated team of McDermott experts has achieved a first of a kind in the valve industry; creating the world’s largest forged body specialty valve, in collaboration with a leading valve
09/25/14 McDermott to Participate at Upcoming Investor Conference
HOUSTON --(BUSINESS WIRE)--Sep. 25, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that the Company is scheduled to present at the Johnson Rice Energy Conference in New Orleans on Tuesday, September 30, 2014 at 1 :35 pm Central Daylight Time .
09/15/14 McDermott Completes Contract Scope for Jack & St. Malo Project in Gulf of Mexico
HOUSTON --(BUSINESS WIRE)--Sep. 15, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) is pleased to announce the successful completion of the Jack and St. Malo project for Chevron U.S.A. Inc. The project involved the installation of jumpers, flying leads, subsea pump stations,
09/11/14 McDermott Announces the Christening of Its Latest Vessel - CSV108
HOUSTON --(BUSINESS WIRE)--Sep. 11, 2014-- McDermott International, Inc. (“McDermott”) announces the christening of its Construction Support Vessel 108 (“CSV 108”) at Metalships & Docks shipyard in Vigo, Spain . The McDermott CSV108 is expected to join the fleet in 2015, once the final deck
08/29/14 McDermott to Participate at Upcoming Investor Conferences
HOUSTON --(BUSINESS WIRE)--Aug. 29, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that the Company is scheduled to present at two upcoming investor conferences in September. On Wednesday, September 3 , the Company is scheduled to present at the
08/25/14 McDermott Awarded Fast-Track Fabrication Contract in East Java, Indonesia
08/25/14 Mcdermott’s Announces Appointment of New Executive Vice President and Chief Financial Officer
HOUSTON --(BUSINESS WIRE)--Aug. 25, 2014-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) today announced that Stuart Spence has been appointed Executive Vice President and Chief Financial Officer following the departure of Perry L. Elders , Senior Vice President and Chief Financial
08/18/14 McDermott Awarded Vessel Support Contract for Anadarko in Gulf of Mexico
08/04/14 McDermott Reports Second Quarter 2014 Financial Results
Turnaround on track Company to Host Conference Call and Webcast Today at 4:00 p.m. CT HOUSTON --(BUSINESS WIRE)--Aug. 4, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) today announced financial results for the quarter ended June 30, 2014 .
07/23/14 McDermott Announces Date for Second Quarter 2014 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Jul. 23, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that it plans to issue a press release regarding its financial results for the second quarter 2014 on Monday, August 4, 2014 , after the close of trading on the New
07/21/14 McDermott Awarded Megalodon Platform Installation in Gulf of Mexico
HOUSTON --(BUSINESS WIRE)--Jul. 21, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries was awarded a contract to provide transportation and installation services to Walter Oil & Gas Corporation (“Walter”) for the Megalodon platform
07/03/14 McDermott Announces Successful Completion of Ayatsil-B Drilling Platform in Bay of Campeche
HOUSTON --(BUSINESS WIRE)--Jul. 3, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) is pleased to announce the successful completion of the Ayatsil-B Drilling Platform for PEMEX Exploración y Producción in the Bay of Campeche Ayatsil field.
06/03/14 McDermott to Participate at Credit Suisse Engineering & Construction Conference
HOUSTON --(BUSINESS WIRE)--Jun. 3, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that Perry Elders , McDermott’s Senior Vice President and Chief Financial Officer, is scheduled to present at the 2014 Credit Suisse Engineering & Construction Conference in New
05/30/14 McDermott Consortium Selected in Gendalo-Gehem Tender Process
HOUSTON --(BUSINESS WIRE)--May 30, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that a consortium, which includes subsidiaries of McDermott and PT Encona Inti Industri, has been notified of its selection as the successful bidder in the tender process for an
05/19/14 McDermott Signs Agreement for Gulfport Spoolbase
HOUSTON --(BUSINESS WIRE)--May 19, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that one of its subsidiaries has signed a lease agreement with the Mississippi Development Authority and the Mississippi State Port Authority for the exclusive right to
05/07/14 McDermott Reports First Quarter 2014 Financial Results
Significant Progress on Business Improvement Initiatives and Plan to Stabilize Company Completed New Financing to Enhance Financial Flexibility and Support Company’s Growth Robust Backlog of $4.4 Billion Completed Remaining First-of-a-kind Projects Company to Host Conference Call and Webcast Today
05/06/14 McDermott Announces Results of Stockholders’ Meeting
HOUSTON --(BUSINESS WIRE)--May 6, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today the results of its 2014 Annual Meeting of Stockholders, held Tuesday morning, May 6, 2014 in Houston, Texas . Based on the voting results from the meeting, shareholders
04/30/14 McDermott Awarded Fast-Track Transportation and Installation Contract Offshore East Java, Indonesia
HOUSTON --(BUSINESS WIRE)--Apr. 30, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that the Derrick Barge 101 was recently mobilized to Indonesia to perform fast-track heavy-lift work for a client offshore Indonesia .
04/28/14 McDermott Achieves Industry First in Asia-Pacific, Installing Rigid Reel-Lay Pipe-in-Pipe Offshore Malaysia
04/22/14 Gary P. Luquette Elected as Non-Executive Chairman of McDermott’s Board of Directors
HOUSTON --(BUSINESS WIRE)--Apr. 22, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that Gary P. Luquette has been elected as non-executive Chairman of McDermott’s Board of Directors, effective May 6, 2014 . Mr.
04/17/14 McDermott Signs Agreement for North Sea Spoolbase
HOUSTON --(BUSINESS WIRE)--Apr. 17, 2014-- McDermott International, Inc. (NYSE: MDR) announced today that one of its subsidiaries has signed an option agreement with PD Ports which gives it the exclusive right to operate a spoolbase to serve projects in the North Sea .
04/10/14 McDermott International, Inc. Announces Pricing of $500 Million 8.00% Second-Lien Senior Secured Notes Due 2021
HOUSTON --(BUSINESS WIRE)--Apr. 10, 2014-- McDermott International, Inc. (NYSE: MDR) today announced the pricing of $500 million in aggregate principal amount of 8.00% second-lien senior secured notes due 2021 (the “Notes”). Settlement of the offering is expected to occur on April 16, 2014 ,
04/09/14 McDermott Announces Successful Installation of P-61 TLWP for ...
04/08/14 McDermott Announces Date for First Quarter 2014 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Apr. 8, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that it plans to issue a press release regarding its financial results for the first quarter 2014 on Wednesday, May 7, 2014 , after the close of trading on the New York
04/03/14 McDermott Completes Sale of Harbor Island Property
HOUSTON --(BUSINESS WIRE)--Apr. 3, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has sold the site of the former Harbor Island fabrication yard near Corpus Christi, Texas , which closed in 2003, for proceeds of $31.7 million .
04/03/14 McDermott International, Inc. Announces Full Exercise of Underwriter’s Option to Purchase Additional Tangible Equity Units
HOUSTON --(BUSINESS WIRE)--Apr. 2, 2014-- McDermott International, Inc. (NYSE:MDR) today announced that the underwriter of the recently announced public offering of 6.25% tangible equity units (the “Units”), each with a stated value of $25.00 , has exercised its option to purchase an additional
04/02/14 McDermott International, Inc. Announces Pricing of Tangible Equity Units
HOUSTON, Apr 01, 2014 (BUSINESS WIRE) --McDermott International, Inc. (NYSE:MDR) today announced the pricing of an underwritten public offering of 10,000,000 6.25% tangible equity units (the “Units”), each with a stated value of $25.00, which will result in net proceeds to McDermott of
03/31/14 McDermott Provides an Operational Update
HOUSTON --(BUSINESS WIRE)--Mar. 31, 2014-- McDermott International, Inc. (NYSE: MDR) announced today an update to certain operational matters. Through working capital management, the Company maintained its previously reported liquidity and leverage position at the end of March 2014 compared to
03/31/14 McDermott International, Inc. Announces Public Offering of Tangible Equity Units
HOUSTON --(BUSINESS WIRE)--Mar. 31, 2014-- McDermott International, Inc. (MDR) today announced that it intends, subject to market and other conditions, to offer 10,000,000 tangible equity units (the “Units”), each with a stated value of $25.00 , in an underwritten public offering.
03/28/14 McDermott International, Inc. Announces $500 Million Offering of Second-Lien Senior Secured Notes
HOUSTON --(BUSINESS WIRE)--Mar. 28, 2014-- McDermott International, Inc. (MDR) today announced that it intends, subject to market and other conditions, to offer $500 million aggregate principal amount of its second-lien senior secured notes due 2021. The notes will be offered only to qualified
03/27/14 McDermott Helps Batam International Charity Raise Approximate...
03/27/14 McDermott’s Joint Venture Qingdao McDermott Wuchuan Wins Export Fabrication Work
HOUSTON --(BUSINESS WIRE)--Mar. 27, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its joint venture companies, Qingdao McDermott Wuchuan Offshore Engineering Co., Ltd. (“QMW”), in Qingdao China , has been awarded a contract by Jord Oil & Gas Systems
03/25/14 McDermott to Participate at Investor Conference
HOUSTON --(BUSINESS WIRE)--Mar. 25, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced that David Dickson , President and Chief Executive Officer, will present at Howard Weil’s Energy Conference in New Orleans, Louisiana on March 26, 2014 at 11:10 a.m. Central time .
03/24/14 McDermott Raises US$ 41,000 at the Annual Dubai Charity Golf Classic
03/20/14 McDermott Awarded Subsea Contract in Brazil
HOUSTON --(BUSINESS WIRE)--Mar. 20, 2014-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that one of its subsidiaries has entered into an agreement with Petrobras for the supply of its subsea Lay Vessel North Ocean 105 (“LV105”).
03/17/14 McDermott Wins PETRONAS Safe Contractor of the Year Award
HOUSTON --(BUSINESS WIRE)--Mar. 17, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) was recently awarded “Best Contractor HSE Performer, 2013” by Malaysia's fully integrated petroleum company, PETRONAS, for work performed on its Kepodang Gas Development Project .
03/13/14 McDermott Contracted for Emergency Pipeline Repair Job
HOUSTON --(BUSINESS WIRE)--Mar. 13, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced that the Dive Support Vessel Thebaud Sea (“DSV”) was recently mobilized for an Emergency Pipeline Repair intervention offshore the United Arab Emirates .
03/06/14 McDermott Wins a Transportation and Installation Contract in Brunei
HOUSTON --(BUSINESS WIRE)--Mar. 6, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded a contract by Brunei Shell Petroleum Company Sdn . Bhd. (BSP) to transport and install offshore structures for Champion Waterflood B2/3.
03/05/14 McDermott Awarded Large EPCI and Commissioning Contract in the Arabian Gulf
HOUSTON --(BUSINESS WIRE)--Mar. 5, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded a large engineering, procurement, construction and installation (“EPCI”) project by an operator in the Arabian Gulf.
03/04/14 McDermott Awarded Subsea Cable Installation Contract for Saudi Aramco
HOUSTON --(BUSINESS WIRE)--Mar. 4, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries was awarded a substantial contract to provide the electrical power supply system for Saudi Aramco in the Abu Ali and Khursaniyah fields in the Arabian Gulf.
03/03/14 McDermott Reports Fourth Quarter and Full Year 2013 Financial Results
Solid Backlog, Business Improvement Initiatives, and Focus on Subsea Opportunities Expected to Stabilize Business and Position the Company for Long-Term Growth Company to Host Conference Call and Webcast Today at 4:00 pm CT HOUSTON --(BUSINESS WIRE)--Mar. 3, 2014-- McDermott International, Inc.
02/24/14 McDermott Announces Date for Press Release Regarding Its Fourth Quarter and Full Year 2013 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Feb. 24, 2014-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that it plans to issue a press release regarding its financial results for the fourth quarter and full year 2013 on Monday, March 3, 2014 , after the close of trading
11/21/13 D. Bradley McWilliams Named as Non-Executive Chairman of McDermott’s Board of Directors
HOUSTON --(BUSINESS WIRE)--Nov. 21, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) has named D. Bradley McWilliams as its non-executive Chairman of McDermott’s Board of Directors effective upon the retirement of Stephen M.
11/20/13 McDermott Awarded EPCI & Commissioning Contract in the Arabian Gulf
HOUSTON --(BUSINESS WIRE)--Nov. 20, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries was awarded an Engineering, Procurement, Construction and Installation (EPCI) project for a customer in the Arabian Gulf.
11/18/13 McDermott Awarded Subsea Contract for Petrobras in Brazil
11/04/13 McDermott Reports Third Quarter 2013 Financial Results
HOUSTON --(BUSINESS WIRE)--Nov. 4, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) today reported a net loss of $64.1 million , or $0.27 per fully diluted share, for the quarter ended September 30, 2013 . These results compared to income of $50.6 million , or $0.21
11/04/13 McDermott Grants Employment Inducement Award
HOUSTON --(BUSINESS WIRE)--Nov. 4, 2013-- McDermott International, Inc. (NYSE:MDR) today announced that, in accordance with New York Stock Exchange rules regarding employment inducement awards, the Company granted an award of 537,482 shares of restricted common stock to David Dickson , its newly
10/30/13 McDermott Announces Dates for Third Quarter 2013 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Oct. 30, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that it plans to report financial results for the third quarter 2013 on Monday, November 4, 2013 , after the close of trading on the New York Stock Exchange .
10/18/13 McDermott Appoints David Dickson as Chief Operating Officer; Dickson to Become President and CEO upon Stephen Johnson’s Retirement in December 2013; Gary P. Luquette Joins Board
HOUSTON --(BUSINESS WIRE)--Oct. 17, 2013-- McDermott International, Inc. (NYSE:MDR) announced today that Stephen M. Johnson will retire from his positions as Chairman of the Board, President and Chief Executive Officer and as a director of McDermott in December 2013 and that David Dickson has
10/07/13 McDermott and TH Heavy Engineering Formalize Joint Venture
09/09/13 McDermott to Participate at Barclays CEO Energy-Power Conference
HOUSTON --(BUSINESS WIRE)--Sep. 9, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that the Company is scheduled to present at the Barclays CEO Energy-Power Conference in New York City on Wednesday, September 11, 2013 at 2:25 PM Eastern Daylight Time
08/05/13 McDermott Announces Executive Management Retirement
HOUSTON --(BUSINESS WIRE)--Aug. 5, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that John T. McCormack , Executive Vice President and Chief Operating Officer, has advised the Company of his intention to retire, effective in the fourth quarter of
08/05/13 McDermott Reports Second Quarter 2013 Financial Results
Management Actions Include Atlantic Segment Restructuring HOUSTON --(BUSINESS WIRE)--Aug. 5, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) today reported a net loss of $149.4 million , or $0.63 per fully diluted share, for the quarter ended June 30, 2013 .
08/05/13 McDermott to Restructure Atlantic Operations
08/02/13 McDermott Announces Dates for Second Quarter 2013 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Aug. 2, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that it plans to report financial results for the second quarter 2013 on Monday, August 5, 2013 , after the close of trading on the New York Stock Exchange .
07/01/13 McDermott to Install Umbilicals & Subsea Equipment in Deepwater Gulf of Mexico Walker Ridge Field Development
HOUSTON --(BUSINESS WIRE)--Jul. 1, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded an engineering, procurement and construction (EPC) contract by Exxon Mobil Corporation for its Julia development.
06/04/13 McDermott to Participate at Credit Suisse Engineering & Construction Conference
HOUSTON --(BUSINESS WIRE)--Jun. 4, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that Stephen M. Johnson , McDermott’s Chairman of the Board, President and Chief Executive Officer, is scheduled to present at the 2013 Credit Suisse Engineering & Construction
05/08/13 McDermott Reports First Quarter 2013 Financial Results
EPS of $0.09 ; $1.0 Billion of New Bookings Added to Backlog HOUSTON --(BUSINESS WIRE)--May. 8, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) today reported net income of $20.6 million , or $0.09 per fully diluted share, for the quarter ended March 31, 2013 .
05/07/13 McDermott Announces Results of Stockholders’ Meeting
HOUSTON --(BUSINESS WIRE)--May. 7, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today the results of its 2013 Annual Meeting of Stockholders, held Tuesday morning, May 7, 2013 in Houston, Texas . Based on the voting results from the meeting, shareholders
05/03/13 McDermott Announces Dates for First Quarter 2013 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--May. 3, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that it plans to report financial results for the first quarter 2013 on Wednesday, May 8, 2013 , after the close of trading on the New York Stock Exchange .
04/08/13 McDermott Awarded Two Projects in the Arabian Gulf
HOUSTON --(BUSINESS WIRE)--Apr. 8, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded two projects for a customer in the Arabian Gulf. The value of these contracts is approximately US$900 million and is included in
03/20/13 McDermott to Participate at Investor Conference
HOUSTON --(BUSINESS WIRE)--Mar. 20, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced that Stephen M. Johnson , McDermott’s Chairman of the Board, President and Chief Executive Officer, will present at Howard Weil’s Energy Conference in New Orleans, Louisiana on March 20,
03/12/13 McDermott Acquires DeepSea – a Specialist Subsea Engineering Company Based in London, England
02/28/13 McDermott Reports Fourth Quarter 2012 Financial Results
EPS of $0.17 ; Strong Performance in Asia Pacific Fourth quarter 2012 bookings and recent awards provide improved revenue visibility for 2013 HOUSTON --(BUSINESS WIRE)--Feb. 28, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) today reported net income of $40.5
02/19/13 McDermott Announces Dates for Fourth Quarter and Full Year 2012 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Feb. 19, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that it plans to report financial results for the fourth quarter and full year 2012 on Thursday, February 28, 2013 , after the close of trading on the New York Stock
02/04/13 McDermott Wins Platforms and Infield Flowline Contract in Indonesia
HOUSTON --(BUSINESS WIRE)--Feb. 4, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that its Indonesian subsidiary has been awarded a contract by PC Muriah Ltd. , an affiliate of PETRONAS Carigali Sdn . Bhd., to develop offshore surface facilities and an infield
01/14/13 McDermott Awarded EPCI and Commissioning of PEMEX Production Platform
HOUSTON --(BUSINESS WIRE)--Jan. 14, 2013-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that one of its subsidiaries has received a letter of award for a turnkey contract for the PB-Litoral-A production platform for PEMEX Exploracion y Produccion in the
01/11/13 McDermott & Allseas Team is Awarded FEED Contract for Offshore Gas Pipeline and Subsea Infrastructure Project in Mozambique
12/27/12 McDermott Signs Shipyard Contract for Construction of Deepwater S-Lay Vessel
HOUSTON --(BUSINESS WIRE)--Dec. 27, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has signed a contract for the design and construction of a new high-spec, highly capable dynamically-positioned combination S-Lay vessel with a 2,000-ton
12/21/12 McDermott and TH Heavy Engineering Team Up For Success
11/05/12 McDermott Awarded North Dome and PDM Projects for Saudi Aramco
HOUSTON --(BUSINESS WIRE)--Nov. 5, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has recently been awarded two projects by Saudi Aramco in the Abu Safah, Marjan and Safaniya fields in the Arabian Gulf.
11/05/12 McDermott Awarded Cable Installation Project for Saudi Aramco
HOUSTON --(BUSINESS WIRE)--Nov. 5, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded a cable procurement and installation project for Saudi Aramco in the Safaniya, Abu Safah and Marjan fields.
11/05/12 McDermott Reports Third Quarter 2012 Financial Results
Earnings per share of 21 cents ; Strong $5.3 Billion Backlog HOUSTON --(BUSINESS WIRE)--Nov. 5, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) today reported income of $50.6 million , or $0.21 per diluted share, for the 2012 third quarter.
10/29/12 McDermott Announces Dates for Third Quarter 2012 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Oct. 29, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that it plans to release its financial results for the third quarter of 2012 during the evening of Monday, November 5, 2012 .
10/17/12 McDermott Awarded Rig Repair Contracts at Altamira Facility in Mexico
09/28/12 McDermott to Participate at Johnson Rice Energy Conference
HOUSTON --(BUSINESS WIRE)--Sep. 28, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that Stephen M. Johnson , McDermott’s Chairman of the Board, President and Chief Executive Officer, is scheduled to present at the 4 th Annual Johnson Rice Energy Conference in New
09/25/12 McDermott Appoints William H. Schumann III to its Board of Directors
HOUSTON --(BUSINESS WIRE)--Sep. 25, 2012-- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that William H. Schumann, III has been appointed to its Board of Directors, effective September 24, 2012 . Mr. Schumann will also serve on the Company’s Audit and
09/10/12 McDermott to Participate at D.A. Davidson Engineering & Construction Conference
HOUSTON --(BUSINESS WIRE)--Sep. 10, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that Stephen M. Johnson , McDermott’s Chairman of the Board, President and Chief Executive Officer, is scheduled to present at the D.A.
08/31/12 McDermott to Participate at Upcoming Investor Conferences
HOUSTON --(BUSINESS WIRE)--Aug. 31, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that it will be participating at two investor conferences during the first week of September. Stephen M. Johnson , McDermott’s Chairman of the Board, President and Chief Executive
08/30/12 McDermott Signs Shipyard Contract for Construction of another High Capacity Reeled Pipelay Vessel
08/06/12 McDermott Reports Second Quarter 2012 Financial Results
Earnings per share of 22 cents ; Sizable $5.7 Billion Backlog and Solid Balance Sheet HOUSTON --(BUSINESS WIRE)--Aug. 6, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) today reported income from continuing operations of $52.7 million , or $0.22 per diluted share,
08/06/12 McDermott Awarded Spar Hull Installation Contract for Williams Partners in the Gulf of Mexico
HOUSTON --(BUSINESS WIRE)--Aug. 6, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded a contract by Williams Partners L.P. (NYSE:WPZ) for transportation and installation services for a Spar hull in the Gulf of Mexico .
07/30/12 McDermott Awarded Fixed Platform Contract for Discovery System in the Gulf of Mexico
HOUSTON --(BUSINESS WIRE)--Jul. 30, 2012-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded a contract by the Discovery system for offshore facilities in the Gulf of Mexico . The value of this contract is included in McDermott's
07/23/12 McDermott Announces Dates for Second Quarter 2012 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Jul. 23, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that it plans to release its financial results for the second quarter of 2012 during the evening of Monday, August 6, 2012 .
07/16/12 McDermott Awarded Two Projects for Saudi Aramco
HOUSTON --(BUSINESS WIRE)--Jul. 16, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded two projects for Saudi Aramco in the Arabian Gulf in the Karan, Safaniya and Zuluf fields.
06/04/12 McDermott to Participate at Credit Suisse Engineering & Construction Conference
HOUSTON --(BUSINESS WIRE)--Jun. 4, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that Stephen M. Johnson , McDermott’s Chairman of the Board, President and Chief Executive Officer, is scheduled to present at the 2012 Credit Suisse Engineering & Construction
05/31/12 McDermott Awarded Two Contracts for Tendon Buoyancy Modules & West Africa Platforms
HOUSTON --(BUSINESS WIRE)--May. 31, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded a fabrication contract for components of a deepwater platform in the Gulf of Mexico , by Heerema Marine Contractors Nederland BV .
05/23/12 McDermott Awarded Pemex Drilling Platform in Bay of Campeche
HOUSTON --(BUSINESS WIRE)--May. 23, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded a contract for the new Ayatsil-B drilling platform for PEMEX Exploracion y Produccion in the Bay of Campeche Ayatsil field.
05/10/12 McDermott Reports First Quarter 2012 Financial Results
Record Quarterly Bookings Produce Backlog of $5.8 Billion First Quarter 2012 Bookings of $2.65 billion Exceed Full-Year 2011 Awards Cash, Cash Equivalents & Investments Approximately $900 million at March 31, 2012 HOUSTON --(BUSINESS WIRE)--May. 10, 2012-- McDermott International, Inc.
05/10/12 McDermott Announces Results of Shareholders’ Meeting
HOUSTON --(BUSINESS WIRE)--May. 10, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today the results of its 2012 Annual Meeting of Stockholders, held Thursday morning, May 10, 2012 in Houston, Texas .
05/09/12 McDermott Awarded Siakap North - Petai EPCI Subsea Contract in Malaysia
HOUSTON, May 09, 2012 (BUSINESS WIRE) --McDermott International, Inc. (NYSE: MDR) ("McDermott") announced today that its Malaysian affiliate Berlian McDermott Sdn. Bhd. was recently awarded a significant subsea contract for executing a deepwater engineering, procurement, construction,
05/01/12 McDermott Awarded Brownfield Contract Offshore Trinidad
HOUSTON --(BUSINESS WIRE)--May. 1, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries has been awarded a brownfield contract to provide two new permanent living quarter modules, including the Front End Engineering Design (“FEED”), design
04/24/12 McDermott Announces Dates for First Quarter 2012 Financial Results and Conference Call
HOUSTON, Apr 24, 2012 (BUSINESS WIRE) --McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today that it plans to release its financial results for the first quarter of 2012 during the evening of Thursday, May 10, 2012.
03/23/12 Mcdermott to Participate at Upcoming Investor Conferences
HOUSTON --(BUSINESS WIRE)--Mar. 23, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that Stephen M. Johnson , McDermott’s Chairman of the Board, President and Chief Executive Office, will present at two upcoming investor conferences. On Tuesday, March 27, 2012 , Mr.
03/19/12 McDermott Awarded EPCI Contract by Al-Khafji Joint Operations
HOUSTON --(BUSINESS WIRE)--Mar. 19, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that one of its subsidiaries was awarded an engineering, procurement, construction and installation (“EPCI”) project for Al-Khafji Joint Operations (“KJO”), in the Hout field in water
02/29/12 McDermott Reports Fourth Quarter 2011 Financial Results
Approximately $66 million of Net Charges and Increased Contingency Offset Otherwise Solid Quarter First Quarter 2012 Bookings Off to Strong Start with $2 Billion Inpex Award Agile vessel now working on charter in Brazil ; Mexican pipelay project near completion HOUSTON --(BUSINESS WIRE)--Feb.
02/08/12 McDermott Announces Dates for Fourth Quarter 2011 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Feb. 8, 2012-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that it plans to release financial results for the fourth quarter of 2011 during the evening of Wednesday, February 29, 2012 .
01/31/12 McDermott Signs Frame Agreement for Spool Base Services in Gulf of Mexico
01/25/12 McDermott Awarded INPEX Ichthys Subsea Contract
HOUSTON --(BUSINESS WIRE)--Jan. 25, 2012-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that its Australian subsidiary has received and signed a letter of award for the Ichthys Gas-condensate Field Development subsea umbilical, riser, flowline (“SURF”) project by INPEX .
12/02/11 McDermott to Participate at the Capital One Southcoast Energy Conference
HOUSTON --(BUSINESS WIRE)--Dec. 2, 2011-- McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that Perry L. Elders , Senior Vice President and Chief Financial Officer, will present at the Capital One Southcoast Sixth Annual Energy Conference in New Orleans, Louisiana on
11/08/11 McDermott Reports Third Quarter 2011 Financial Results
Reported Results In-line with Pre-released Ranges HOUSTON, Nov 08, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") today reported income from continuing operations of $9.8 million, or $0.04 per diluted share, for the 2011 third quarter.
11/03/11 McDermott Awarded EPCI Contract Offshore India
HOUSTON, Nov 03, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott") announced today that one of its subsidiaries has won an engineering, procurement, construction and installation ("EPCI") project for Oil and National Gas Corporation Ltd.'s ("ONGC") Cluster 7
10/26/11 McDermott Provides Third Quarter 2011 Preview and Preliminary 2012 Outlook
Project Specific Charges Expected to Impact 2011 Third Quarter, Offshore Construction Market Remains Active HOUSTON, Oct 26, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") today previewed its 2011 third quarter by providing its current expectations
10/13/11 McDermott Establishes Dedicated Engineering Company in Saudi Arabia
08/04/11 McDermott Wins Platform Fabrication Contract in Gulf of Mexico
HOUSTON, Aug 04, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that one of its subsidiaries has been awarded a fabrication contract by Shell Offshore Inc., for the West Delta 143 "C" deck, jacket, piles, and bridge located in 370 feet of water in
08/03/11 McDermott Reports Net Income from Continuing Operations of $63.7 Million, $0.27 Per Fully Diluted Share for the 2011 Second Quarter
Solid 2 nd Quarter with Ample Bookings, Backlog, Earnings and Liquidity HOUSTON, Aug 03, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") today reported income from continuing operations of $63.7 million, or $0.27 per diluted share, for the 2011
07/20/11 McDermott Announces Dates for Second Quarter 2011 Financial Results and Conference Call
HOUSTON, Jul 20, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today that it plans to release financial results for the second quarter of 2011 during the evening of Wednesday, August 3, 2011.
07/12/11 McDermott Wins Subsea Contract in Malaysia
07/06/11 McDermott Wins Subsea Contract in Australia
HOUSTON, Jul 06, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today the award of a significant subsea contract to its Australian subsidiary for a deepwater offshore engineering and construction project, including structural transportation and installation
06/30/11 McDermott Appoints Jack McCormack to Executive Vice President, Chief Operating Officer
HOUSTON, Jun 30, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that John T. ("Jack") McCormack has been appointed Executive Vice President, Chief Operating Officer of McDermott International, Inc. effective June 30, 2011.
06/06/11 McDermott to Engineer, Construct and Install Compressor Modules for Trinidad
HOUSTON, Jun 06, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that one of its subsidiaries has been awarded full engineering, procurement, construction and installation (EPCI) of a 750-ton compressor module for BG Trinidad & Tobago's Hibiscus
05/31/11 McDermott Wins Pipeline Installation Project in Gulf of Mexico
HOUSTON, May 31, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that one of its subsidiaries was awarded a contract by PEMEX Exploración y Producción for procurement, construction and installation of three oil and gas pipelines ranging from 8 to 20
05/27/11 McDermott to Present at Credit Suisse Engineering & Construction Conference
HOUSTON, May 27, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today that Stephen M. Johnson, Chairman, President and Chief Executive Officer of McDermott, will present at the Credit Suisse 2011 Engineering & Construction Conference
05/10/11 McDermott Reports Net Income from Continuing Operations of $68.8 Million, $0.29 Per Fully Diluted Share for the 2011 First Quarter
Significant Increase in Revenues and Operating Income Highlight the Quarter Backlog Remains Strong at $4.8 Billion HOUSTON, May 10, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") today reported income from continuing operations of $68.8 million, or
05/09/11 McDermott Announces Results of Shareholders' Meeting and Appointment of Chairman of the Board
HOUSTON, May 09, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today the results of its 2011 Annual Meeting of Stockholders, held Friday afternoon, May 6, 2011 in Panama City, Panama. Based on the voting results from the meeting,
04/26/11 McDermott Announces Dates for First Quarter 2011 Financial Results and Conference Call
HOUSTON, Apr 26, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today that it plans to release financial results for the first quarter of 2011 during the evening of Tuesday, May 10, 2011. The Company will host its quarterly conference call
04/25/11 McDermott Wins Jack and St. Malo Subsea Fabrication and Installation Project in Gulf of Mexico
HOUSTON, Apr 25, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that one of its subsidiary companies was awarded fabrication and installation work from Chevron U.S.A. Inc. to support the development of the Jack and St.
04/04/11 McDermott to Present at the BB&T Capital Markets Commercial and Industrial Conference
HOUSTON, Apr 04, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott") announced today that Stephen M. Johnson, President and Chief Executive Officer of McDermott, will present at the BB&T Capital Markets 2011 Commercial and Industrial Conference in New York on
03/17/11 McDermott forms Strategic Alliance with SOCAR, Azerbaijan’s State Oil Company
03/14/11 McDermott Awarded Offshore FEED Contract
03/01/11 McDermott Wins Contracts Totaling More Than $700 Million
HOUSTON, Mar 01, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that certain of its subsidiaries in the Middle East and Caspian region were recently awarded a number of contracts for offshore engineering and construction projects ranging from
03/01/11 McDermott Reports Net Income from Continuing Operations of $45.5 Million, $0.19 Per Fully Diluted Share for the 2010 Fourth Quarter
Strong Quarterly Bookings of almost $2 Billion; Backlog Grows to Over $5 Billion High Level of Change Orders Benefits the Future but Reduced Fourth Quarter Revenue and Earnings HOUSTON, Mar 01, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") today
02/17/11 McDermott Appoints Mary Shafer-Malicki to Board of Directors
HOUSTON, Feb 17, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that Mary Shafer-Malicki has been appointed to McDermott's Board of Directors, effective February 17, 2011. Ms. Shafer-Malicki will also serve the Company on its Finance
02/10/11 McDermott Announces Dates for Fourth Quarter 2010 Financial Results and Conference Call
HOUSTON, Feb 10, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that it plans to release financial results for the fourth quarter of 2010 during the evening of Tuesday, March 1, 2011. The Company will host its quarterly conference
02/01/11 McDermott Awarded Fabrication of "Alen" Project for Gas-Condensate Field Development Offshore West Africa
HOUSTON, Feb 01, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that one of its subsidiaries was awarded a contract to fabricate a 15,000 ton platform for Noble Energy's Alen Gas-condensate Development Project ("Alen project") off the East coast of
01/24/11 McDermott to Perform Subsea Engineering and Installation of Flexible Pipelines and Umbilicals for Petrobras Offshore Brazil on Multi Year Contract
HOUSTON, Jan 24, 2011 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that its subsea construction vessel "Agile" has been contracted by Petrobras to install subsea flexible pipelines and umbilicals in up to 2,000 meters of water offshore Brazil.
12/10/10 McDermott Awarded Construction and Installation Contract for Gulf of Mexico Field Development
HOUSTON, Dec 10, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that one of its subsidiaries was awarded a contract by Arena Offshore, LP for construction and installation of a platform for Arena's "Riker" Prospect, located at Eugene Island Block 338
12/03/10 McDermott to Present at the Capital One Southcoast 2010 Energy Conference
HOUSTON, Dec 03, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott") announced today that Perry L. Elders, Senior Vice President and Chief Financial Officer of McDermott, will present at the Capital One Southcoast 2010 Energy Conference in New Orleans, Louisiana on
11/22/10 McDermott to Present at the Jefferies Global Energy Conference
HOUSTON, Nov 22, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott") announced today that Stephen M. Johnson, President and Chief Executive Officer of McDermott, will present at the Jefferies Global Energy Conference in Houston, Texas on Thursday, December 2, 2010 at
11/08/10 McDermott Reports Third Quarter 2010 Income from Continuing Operations of $60.8 Million, $0.26 Per Fully Diluted Share
Results Above Include $43.9 Million, or $0.19 Per Share, of Non-Cash Impairment and Related Charges Excluding Impairment, Non-GAAP EPS from Continuing Operations of $0.44 Per Diluted Share HOUSTON, Nov 08, 2010 (BUSINESS WIRE) -- McDermott International, Inc.
10/18/10 McDermott Announces Dates for Third Quarter 2010 Financial Results and Conference Call
HOUSTON, Oct 18, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today that it plans to release financial results for the third quarter of 2010 during the evening of Monday, November 8, 2010. The Company will host its quarterly conference
10/11/10 McDermott Wins Significant Subsea Fabrication Work in Australia
HOUSTON, Oct 11, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that one of its subsidiaries has been awarded a contract from Vetco Gray Australia Pty Limited for the fabrication of subsea structures and spools for Chevron's Gorgon Upstream Project.
09/30/10 McDermott to Present at the Johnson Rice Energy Conference
HOUSTON, Sep 30, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott") announced today that Perry L. Elders, Senior Vice President and Chief Financial Officer of McDermott, will present at the Johnson Rice Energy Conference in New Orleans on Tuesday, October 5, 2010 at
09/23/10 McDermott to Present at the D.A. Davidson Engineering & Construction Conference
HOUSTON, Sep 23, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott") announced today that Stephen M. Johnson, President and Chief Executive Officer of McDermott, will present at the D.A. Davidson 9 th Annual Engineering & Construction Conference in San Francisco on
09/23/10 McDermott Awarded a New Purchase Order for the Abu Safah Project in Saudi Arabia
HOUSTON, Sep 23, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that one of its subsidiaries was awarded a Contract Release Purchase Order under the Offshore Maintain Potential Project, as part of the Long Term Agreement with Saudi Aramco.
09/13/10 McDermott to Present at the Barclays CEO Energy-Power Conference
HOUSTON, Sep 13, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott") announced today that Stephen M. Johnson, President and Chief Executive Officer of McDermott, will present at the Barclays Capital CEO Energy-Power Conference in New York City on Thursday, September 16,
08/09/10 McDermott Reports Second Quarter 2010 Results; Net Income of $76.0 Million, $0.32 Per Fully Diluted Share
Results above include The Babcock & Wilcox Company which was spun-off 7/30/2010 and approximately $66.2 million of spin-related transaction costs Excluding B&W and Transaction Costs, McDermott reported Net Income of $81.3 million, $0.35 per share; Grew Backlog to Highest Level in 4 Quarters
08/09/10 McDermott Wins Work for Abu Dhabi Marine Operating Company
HOUSTON, Aug 09, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott") announced one of its subsidiaries was awarded a contract to upgrade and enhance a water injection system for Abu Dhabi Marine Operating Company (ADMA-OPCO) in the Zakum field.
08/04/10 McDermott Provides Tax Basis Allocation Methodology Following B&W Spin-Off
HOUSTON, Aug 04, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today provided information relating to tax basis allocation methodology for shareholders of McDermott following the Company's spin-off distribution of the common stock of The Babcock
08/02/10 McDermott Becomes a Stand Alone Engineering and Construction Company Focused on Offshore Oil and Gas
Spinoff of The Babcock & Wilcox Company subsidiary now complete HOUSTON, Aug 02, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott") announced today that it has completed the spin-off of its power generation systems and government operations segments through the
07/26/10 McDermott Announces Dates for Second Quarter 2010 Financial Results and Conference Call
HOUSTON, Jul 26, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today that it plans to release financial results for the second quarter of 2010 during the evening of Monday, August 9, 2010. The Company will host its quarterly conference
07/02/10 McDermott's Board of Directors Approves Spin-Off of The Babcock & Wilcox Company
HOUSTON, Jul 02, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott") today announced that its Board of Directors has approved the spin-off of its power generation systems and government operations segments through the distribution of shares of The Babcock & Wilcox
05/24/10 McDermott to Host New York Analyst Meeting & Attend Upcoming Conference
HOUSTON, May 24, 2010 (BUSINESS WIRE) --McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") will host a half-day meeting with the financial community in New York City on June 2, 2010. Management participating in the day's presentations will include John Fees, Chief Executive
05/12/10 McDermott Elects Perry Elders as J. Ray McDermott's Chief Financial Officer
HOUSTON, May 12, 2010 (BUSINESS WIRE) --McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today that Perry L. Elders has been elected Chief Financial Officer of its subsidiary, J. Ray McDermott, S.A. ("J. Ray"). In this role, Elders will have primary responsibility
05/10/10 McDermott Reports First Quarter 2010 Results; Net Income of $59.9 million, $0.26 Per Fully Diluted Share
Non-GAAP EPS of $0.38 1 per share as adjusted primarily for spin-off related costs Offshore Oil & Gas Construction segment income increases 84 percent; Spin-Off of The Babcock & Wilcox Company is on track to be complete as early as June 30, 2010 HOUSTON, May 10, 2010 (BUSINESS WIRE)
05/07/10 McDermott Announces Results of Shareholders' Meeting
HOUSTON, May 07, 2010 (BUSINESS WIRE) --McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today the results of its 2010 annual meeting of stockholders, held this morning in Houston, Texas. The Company's eleven nominees for election to our Board of Directors to serve
05/06/10 J. Ray McDermott Awarded Fabrication Work on the Gorgon Project
HOUSTON, May 06, 2010 (BUSINESS WIRE) --McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") has been awarded a contract by the Kellogg Joint Venture-Gorgon on behalf of Chevron Australia Pty.
05/06/10 B&W to Supply Waste-to-Energy Boiler for Plant in Sweden
HOUSTON, May 06, 2010 (BUSINESS WIRE) --McDermott International, Inc. (NYSE: MDR) ("McDermott"), announced today that one of its subsidiaries, Babcock & Wilcox Vølund A/S ("B&W"), was recently awarded a contract worth approximately $70 million to design and supply a waste-to-energy boiler
04/30/10 B&W to Supply Scrubbers at Michigan Power Plant
HOUSTON, Apr 30, 2010 (BUSINESS WIRE) --McDermott International, Inc. (NYSE: MDR) ("McDermott"), announced today that one of its subsidiaries, Babcock & Wilcox Power Generation Group, Inc. ("B&W"), has signed a contract worth approximately $90 million to design, engineer, procure and
04/29/10 McDermott Announces Dates for First Quarter 2010 Financial Results and Conference Call
HOUSTON, Apr 29, 2010 (BUSINESS WIRE) --McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today that it plans to release financial results for the first quarter of 2010 during the evening of Monday, May 10, 2010. The Company will host its quarterly conference call
04/06/10 J. Ray McDermott Awarded Te Giac Trang Transportation andInstallation Work in Vietnam
HOUSTON, Apr 06, 2010 (BUSINESS WIRE) --McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") has been awarded a transportation and installation contract by PTSC Mechanical & Construction Company Limited ("PTSC") for the Te
03/24/10 J. Ray McDermott Awarded EPCI Project by Saudi Aramco
HOUSTON, Mar 24, 2010 (BUSINESS WIRE) -- J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermott"), has been awarded a project to upgrade crude gathering and power supply facilities in Saudi Aramco's Safaniya field.
03/17/10 J. Ray McDermott Awarded First Asia Pacific Subsea Project
HOUSTON, Mar 17, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") has been awarded its first SURF ("Subsea Infrastructure, Umbilicals, Risers & Flowlines") project in the Asia Pacific market
03/15/10 B&W to Acquire GE Energy's Electrostatic Precipitator and Emissions Monitoring Businesses
HOUSTON, Mar 15, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott"), announced today that one of its subsidiaries, Babcock & Wilcox Power Generation Group, Inc. ("B&W") has signed a contract with GE Energy, a division of General Electric Company, to acquire its
03/10/10 B&W and Thermax Form Indian Joint Venture
Agreement Expands B&W's Presence in India's Growing Energy Market HOUSTON, Mar 10, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that one of its subsidiaries, Babcock & Wilcox Power Generation Group, Inc.
03/09/10 B&W and Fluor Form Alliance to Market Carbon Capture Technology
HOUSTON, Mar 09, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that one of its subsidiaries, Babcock & Wilcox Power Generation Group, Inc. ("B&W"), and Fluor Corporation have formed a strategic alliance to market and sell carbon dioxide
03/01/10 McDermott Reports Fourth Quarter 2009 Results; Net Income of $98.7 Million, $0.42 Per Fully Diluted Share
Earnings per Share Increase 121% Compared to the 2008 Fourth Quarter; Strong Improvement in the Offshore Oil & Gas Construction Segment Highlights Results HOUSTON, Mar 01, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") today reported net income
02/19/10 McDermott Announces Dates for Fourth Quarter 2009 Financial Results and Conference Call
HOUSTON, Feb 19, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today that it plans to release financial results for the fourth quarter of 2009 during the evening of Monday, March 1, 2010. The Company will host its quarterly conference
02/11/10 McDermott to Present at Barclays Capital Industrial Select Conference
HOUSTON, Feb 11, 2010 (BUSINESS WIRE) -- McDermott International, Inc. ("McDermott") (NYSE: MDR) announced today that Michael S. Taff, Senior Vice President and Chief Financial Officer of McDermott, will present at the Barclays Capital Second Annual Industrial Select Conference in Miami on
02/01/10 J. Ray McDermott - Keppel FELS Joint Venture Awarded Major Offshore Project;Significant Scope to be Performed by J. Ray
HOUSTON, Feb 01, 2010 (BUSINESS WIRE) -- J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that it was awarded a project for the P-61 Tension Leg Wellhead Platform ("TLWP") for the Papa Terra Joint Venture, consisting of
01/27/10 B&W Receives $450 Million Order for Nuclear Components
HOUSTON, Jan 27, 2010 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott"), announced today that The Babcock & Wilcox Company ("B&W"), through a subsidiary, has received an award of approximately $450 million for the manufacture of nuclear components to support U.S.
12/21/09 J. Ray Acquires Interests in Subsea Construction Vessels
HOUSTON, Dec 21, 2009 (BUSINESS WIRE) -- J. Ray McDermott, S.A. ("J. Ray" or "the Company"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today the completion of a vessel transaction with Oceanteam ASA (OSL: OPU) for the subsea construction vessel, North Ocean
12/15/09 B&W Wins Nuclear Contract for Condenser Replacement Project
HOUSTON, Dec 15, 2009 (BUSINESS WIRE) -- The Babcock & Wilcox Company ("B&W"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that it has been awarded a contract to support a condenser replacement project at Energy Northwest's Columbia Generating
12/07/09 McDermott to Present at Upcoming Investor Conferences
HOUSTON --(BUSINESS WIRE)--Dec. 7, 2009-- McDermott International, Inc. (“McDermott”) (NYSE:MDR) announced today that John A. Fees , Chief Executive Officer of McDermott, will present at two investor conferences this week. On Tuesday, December 8, 2009 , Mr.
12/07/09 Stephen M. Johnson Named President and Chief Executive Officer of J. Ray McDermott
HOUSTON --(BUSINESS WIRE)--Dec. 7, 2009-- McDermott International, Inc. (NYSE:MDR) (“McDermott” or the “Company”) announced today that Stephen M. Johnson , the Company’s current President and Chief Operating Officer, has been appointed President and Chief Executive Officer of J. Ray McDermott, S.A.
12/07/09 McDermott Plans to Separate Into Two Independent Companies: Babcock & Wilcox and J. Ray McDermott
Babcock & Wilcox to be Distributed to Shareholders as a Tax-Free Spin-Off HOUSTON, Dec 07, 2009 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or "the Company") announced today that it plans to separate its operating subsidiaries, The Babcock & Wilcox Company
11/09/09 McDermott reports Third Quarter 2009 Results; Net Income of $118.1 million, $0.50 per fully diluted share
Earnings per Share Improve 35% Over 2008 Quarter and 25% Sequentially HOUSTON --(BUSINESS WIRE)--Nov. 9, 2009-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) today reported net income of $118.1 million , or $0.50 per diluted share, for the 2009
10/21/09 McDermott Announces Dates for Third Quarter 2009 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Oct. 21, 2009-- McDermott International, Inc. (NYSE:MDR) (“McDermott” or the “Company”) announced today that it plans to release financial results for the third quarter of 2009 during the evening of Monday, November 9, 2009 .
10/01/09 McDermott to Present at Johnson Rice's Energy Infrastructure Conference
HOUSTON --(BUSINESS WIRE)--Oct. 1, 2009-- McDermott International, Inc. (“McDermott”) (NYSE:MDR) announced today that Michael S. Taff , Senior Vice President and Chief Financial Officer of McDermott, will present at the Johnson Rice & Company Energy Infrastructure Conference in New
09/08/09 McDermott to Participate at Upcoming Investor Conferences
HOUSTON --(BUSINESS WIRE)--Sep. 8, 2009-- McDermott International, Inc. (“McDermott” or the “Company”) (NYSE:MDR) announced today that the Company is scheduled to participate at two upcoming investor conferences in September. On Thursday, September 10, 2009 , John A.
08/10/09 McDermott reports Second Quarter 2009 Results; Net Income of $92.6 million, $0.40 per fully diluted share
Backlog Remains at Near-Record Levels at $9.5 Billion ; Highest Income Level of Last 4 Quarters HOUSTON --(BUSINESS WIRE)--Aug. 10, 2009-- McDermott International, Inc. (NYSE:MDR) (“McDermott” or the “Company”) today reported net income of $92.6 million , or $0.40 per
07/13/09 B&W to Supply Boilers for Kearl Oil Sands Project
HOUSTON, Jul 13, 2009 (BUSINESS WIRE) -- McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that a subsidiary of The Babcock & Wilcox Company ("B&W"), has been awarded a contract to supply four modularized boilers for Phase 1 of the Kearl Oil Sands Project ("Kearl")
07/06/09 McDermott Announces Dates for Second Quarter 2009 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Jul. 6, 2009-- McDermott International, Inc. (NYSE:MDR) (“McDermott” or the “Company”) announced today that it plans to release financial results for the second quarter of 2009 during the evening of Monday, August 10, 2009 .
07/01/09 B&W Subsidiary Awarded Contract to Downblend Highly Enriched Uranium
HOUSTON --(BUSINESS WIRE)--Jul. 1, 2009-- McDermott International, Inc. (“McDermott”) (NYSE: MDR) announced today that a subsidiary of The Babcock & Wilcox Company (“B&W”) has been awarded a contract to downblend over 12 metric tons of highly enriched uranium
06/23/09 B&W to Provide Environmental Control Equipment for Wyoming Power Plant
HOUSTON --(BUSINESS WIRE)--Jun. 23, 2009-- McDermott International, Inc. (“McDermott”) (NYSE:MDR), announced today that a subsidiary of The Babcock & Wilcox Company (“B&W”), has been awarded a contract to engineer, procure and construct wet flue gas desulfurization
06/10/09 McDermott Subsidiary Introduces Scalable, Practical Nuclear Energy
B&W mPower(TM) Generation III++ Reactor; Letter of Intent Received from TVA HOUSTON --(BUSINESS WIRE)--Jun. 10, 2009-- McDermott International, Inc. (NYSE:MDR), announced today that its subsidiary, The Babcock & Wilcox Company (“B&W”), intends to develop and deploy a North
05/21/09 McDermott to Participate at Upcoming Investor Conferences
HOUSTON --(BUSINESS WIRE)--May. 21, 2009-- McDermott International, Inc. (“McDermott” or the “Company”) (NYSE:MDR) announced today that members of its senior management, including John A. Fees, Chief Executive Officer, and Michael S.
05/11/09 McDermott reports First Quarter 2009 Results; Net Income of $77.7 million, $0.33 per fully diluted share
Sequential Income Improvement in Each Segment; Near-Record Consolidated Backlog of $10 Billion HOUSTON --(BUSINESS WIRE)--May. 11, 2009-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) today reported net income of $77.7 million , or $0.33 per
05/08/09 McDermott Announces Results of Shareholders' Meeting and New Board Members
HOUSTON --(BUSINESS WIRE)--May. 8, 2009-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today the results of its 2009 annual meeting of stockholders, held this morning in Houston, Texas , as well as additions and departures to the
04/22/09 McDermott Announces Dates for First Quarter 2009 Financial Results and Conference Call
HOUSTON --(BUSINESS WIRE)--Apr. 22, 2009-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) announced today that it plans to release financial results for the first quarter of 2009 during the evening of Monday, May 11, 2009 .
04/01/09 McDermott Names Stephen M. Johnson as President and Chief Operating Officer
HOUSTON --(BUSINESS WIRE)--Apr. 1, 2009-- McDermott International, Inc. (NYSE:MDR) (“McDermott” or the “Company”) announced today that Stephen M. Johnson has joined the Company as President and Chief Operating Officer. In this role, Johnson will hold primary responsibility for directing the
03/10/09 J. Ray Awarded Karan Project in Saudi Arabia
HOUSTON --(BUSINESS WIRE)--Mar. 10, 2009-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that its subsidiary, J. Ray McDermott, S.A. (“J. Ray”), has been awarded the Karan Offshore Platforms and Subsea Pipelines project by Saudi Aramco .
03/02/09 McDermott reports Fourth Quarter 2008 Results; Net Income of $43.0 million, $0.19 per fully diluted share
$2 Billion of 4th Quarter Bookings Increase Year-End Backlog to $9.8 Billion HOUSTON --(BUSINESS WIRE)--Mar. 2, 2009-- McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”) today reported net income of $43.0 million , or $0.19 per diluted share, for the
02/05/09 McDermott Previews Fourth Quarter 2008, Announces Conference Participation and Dates for Earnings Announcement
HOUSTON --(BUSINESS WIRE)-- McDermott International, Inc. (NYSE:MDR) (“McDermott” or the “Company”) today provided a preview of the Company’s expected financial results for the fourth quarter of 2008. Additionally, the Company announced its participation in an upcoming investor conference and has
02/05/09 McDermott Subsidiary Receives More Than $1 Billion of U.S. Government Awards
HOUSTON --(BUSINESS WIRE)-- McDermott International, Inc. (NYSE: MDR) (“McDermott”), announced today that The Babcock & Wilcox Company (“B&W”), through a subsidiary, has received awards in excess of $1 billion for the manufacture of nuclear components to support U.S.
02/02/09 J. Ray Awarded Installation Contract by PEMEX
HOUSTON --(BUSINESS WIRE)-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that its subsidiary, J. Ray McDermott, S.A. (“J. Ray”), has been awarded a contract by PEMEX Exploración y Producción for the transportation and installation of the Ixtal-B and Maloob-C drilling
01/20/09 B&W Subsidiary Awarded Boiler Refurbishment Contract at Indonesia Power Plant
HOUSTON --(BUSINESS WIRE)-- Jan. 20, 2009 -- McDermott International, Inc. ("McDermott") (NYSE: MDR) announced today that a subsidiary of The Babcock & Wilcox Company ("B&W"), has been awarded a contract to refurbish two B&W Radiant Tower-type boilers at the Suralaya Steam Power Plant on Java
01/14/09 J. Ray Awarded Offshore Contract in Trinidad
HOUSTON --(BUSINESS WIRE)-- Jan. 14, 2009 -- McDermott International, Inc. (NYSE: MDR) ("McDermott") announced today that its subsidiary, J. Ray McDermott, S.A. ("J. Ray"), has been awarded a contract by BHP Billiton (Trinidad-2C) Limited for the Angostura Gas Export Platform project located 22
01/05/09 B&W Subsidiary Completes Acquisition of Nuclear Fuel Services
HOUSTON --(BUSINESS WIRE)-- Jan. 5, 2009 -- McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that an affiliate of its subsidiary, The Babcock & Wilcox Company ("B&W"), has completed the previously announced acquisition of Nuclear Fuel Services, Inc.
12/10/08 B&W to Play Key Role on Team That Will Manage Liquid Waste Work at DOE's Savannah River Site
HOUSTON --(BUSINESS WIRE)-- Dec. 10, 2008 -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of The Babcock & Wilcox Company ("B&W") will join three other partner companies in managing liquid waste environmental management efforts at the Department
11/26/08 McDermott Attending Upcoming Investor Conferences
HOUSTON, Nov 26, 2008 (BUSINESS WIRE) -- McDermott International, Inc. ("McDermott" or the "Company") (NYSE:MDR) announced today that the Company is scheduled to participate in three upcoming investor conferences during December. John A. Fees, Chief Executive Officer of McDermott, and Michael S.
11/06/08 McDermott Names Bethards CEO of The Babcock & Wilcox Company
HOUSTON--(BUSINESS WIRE)--Nov. 6, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that its Board of Directors has named Brandon C. Bethards as Chief Executive Officer of The Babcock & Wilcox Company ("B&W"), McDermott's subsidiary comprising the
11/05/08 McDermott reports Third Quarter 2008 Results; Net Income of $85.6 million, $0.37 per fully diluted share
Project Deteriorations in Offshore Oil & Gas Construction offset Strong Performance in Power Generation Systems & Government Operations HOUSTON--(BUSINESS WIRE)--Nov. 5, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $85.6 million, or
10/23/08 McDermott Announces Dates for Third Quarter 2008Financial Results and Conference Call
HOUSTON, Oct 23, 2008 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that it plans to release its financial results for the third quarter of 2008 during the evening of Wednesday, November 5, 2008.
10/16/08 B&W Positioned for $960 Million in New Defense Contracts
HOUSTON--(BUSINESS WIRE)-- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), has received a new award for the manufacture of nuclear components in support of U.S. defense programs.
10/09/08 McDermott to Present at Natixis Bleichroeder Hidden Gems Conference
HOUSTON--(BUSINESS WIRE)-- McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that John A. Fees, Chief Executive Officer of McDermott, will present at the Natixis Bleichroeder Second Annual Hidden Gems Conference in New York City on Tuesday, October 14, 2008 at 8:30 a.m.
10/01/08 J. Ray McDermott Wins Vietnamese Engineering, Procurement, and Installation Contract
HOUSTON, Oct 01, 2008 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was recently awarded a subcontract by PTSC Mechanical & Construction Company Limited, a wholly-owned subsidiary of Petroleum
09/29/08 McDermott to Present at Johnson Rice Energy Infrastructure Conference
HOUSTON--(BUSINESS WIRE)-- McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Michael S. Taff, Senior Vice President and Chief Financial Officer of McDermott, will present at the Johnson Rice Energy Infrastructure Conference in New Orleans on Monday, October 6, 2008 at
09/16/08 McDermott Cancels Conference Presentation Due to Hurricane Ike
HOUSTON--(BUSINESS WIRE)--Sept. 16, 2008--McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today that due to the continuing impact of Hurricane Ike on the greater Houston area, its representatives are unable to attend the previously scheduled D.A.
09/11/08 McDermott to Present at D.A. Davidson Engineering and Construction Conference
HOUSTON--(BUSINESS WIRE)--Sept. 11, 2008--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Michael S. Taff, Senior Vice President and Chief Financial Officer of McDermott, will present at the D.A. Davidson Seventh Annual Engineering and Construction Conference in San
08/26/08 McDermott to Present at the Lehman Brothers 2008 CEO Energy/Power Conference
HOUSTON--(BUSINESS WIRE)--Aug. 26, 2008--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Bruce W. Wilkinson, Chairman of the Board and Chief Executive Officer of McDermott, will present at the Lehman Brothers 2008 CEO Energy/Power Conference in New York, NY on September
08/20/08 B&W to Supply Steam Cogeneration Equipment for Canadian Oil Sands Project
HOUSTON, Aug 20, 2008 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of The Babcock & Wilcox Company ("B&W") has been awarded a contract by Jacobs Canada Inc., as agent for Fort Hills Energy LP ("Fort Hills"), to supply four modularized
08/15/08 John Fees Named Chief Executive Officer of McDermott
HOUSTON--(BUSINESS WIRE)--Aug. 15, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that its Board of Directors has named John A. Fees as President and Chief Executive Officer of McDermott and appointed him to the Board of Directors, effective October 1,
08/14/08 John T. Nesser, III Named Chief Operating Officer of J. Ray McDermott
HOUSTON--(BUSINESS WIRE)--Aug. 14, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that John T. Nesser, III has been elected Executive Vice President and Chief Operating Officer of the Company's subsidiary, J. Ray McDermott, S.A. ("J.
08/11/08 McDermott reports Second Quarter 2008 Results; Net Income of $177.5 million, $0.77 per fully diluted share
Power Generation Systems segment leads McDermott to record quarterly income level HOUSTON--(BUSINESS WIRE)--Aug. 11, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $177.5 million, or $0.77 per diluted share, for the 2008 second quarter,
08/11/08 B&W to Acquire Nuclear Fuel Services
Purchase of critical U.S. nuclear fuel supplier expands capabilities HOUSTON--(BUSINESS WIRE)--Aug. 11, 2008--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that an affiliate of its subsidiary, The Babcock & Wilcox Company ("B&W"), has entered into a definitive agreement to
08/04/08 McDermott Appoints Admiral Richard W. Mies to Board of Directors
HOUSTON--(BUSINESS WIRE)--Aug. 4, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that Admiral Richard W. Mies has been appointed to McDermott's Board of Directors, effective August 1, 2008. Admiral Mies will also serve the Company on its Audit and
07/16/08 McDermott Announces Dates for Second Quarter 2008 Financial Results and Conference Call
HOUSTON, Jul 16, 2008 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that it plans to release financial results for the second quarter of 2008 during the evening of Monday, August 11, 2008. The Company will host its quarterly conference
07/16/08 McDermott Announces Upgrades by Credit Rating Agencies
HOUSTON--(BUSINESS WIRE)--July 16, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that both of the major corporate credit rating services, Standard & Poor's Ratings Services ("S&P") and Moody's Investors Service ("Moody's"), have upgraded their
07/15/08 B&W Acquires the Intech Group of Companies
HOUSTON, Jul 15, 2008 (BUSINESS WIRE) -- McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), has purchased the Intech group of companies to expand B&W's capabilities in serving the U.S.
06/16/08 J. Ray McDermott Signs Joint Venture Agreement to Establish New Fabrication Facility in China
HOUSTON--(BUSINESS WIRE)--June 16, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company"), announced today that a subsidiary of J. Ray McDermott, S.A. has entered into a joint venture with a subsidiary of state-owned China Shipbuilding Industry Corporation ("CSIC").
05/29/08 McDermott to Present at the Credit Suisse Engineering & Environmental Services Conference
HOUSTON--(BUSINESS WIRE)--May 29, 2008--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Michael S. Taff, Senior Vice President and Chief Financial Officer of McDermott, will present at the Credit Suisse Engineering & Environmental Services Conference in New York City on
05/16/08 B&W to Supply CFB Boiler and Emissions Control Equipment for Great River Energy
HOUSTON--(BUSINESS WIRE)--May 16, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of The Babcock & Wilcox Company ("B&W") has been awarded a contract valued at more than $70 million to engineer and supply a circulating fluidized bed ("CFB")
05/12/08 McDermott Reports First Quarter 2008 Results; Net Income of $123.2 Million, $0.54 Per Fully Diluted Share
Bookings of $1.8 Billion produce Record Backlog; First Quarter Results Impacted by Weather Issues HOUSTON--(BUSINESS WIRE)--May 12, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $123.2 million, or $0.54 per diluted share, for the 2008
05/09/08 McDermott Announces Results of Shareholders' Meeting
HOUSTON--(BUSINESS WIRE)--May 9, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today the results of its 2008 annual meeting of stockholders, held this morning in Houston, Texas. The Company's nominees for election as Class I Directors for a one year term
05/08/08 McDermott to Present at Upcoming Investor Conferences
HOUSTON, May 08, 2008 (BUSINESS WIRE) -- McDermott International, Inc. ("McDermott" or the "Company") (NYSE: MDR) announced today that the Company is scheduled to present at two upcoming investor conferences next week. Michael S. Taff, Senior Vice President and Chief Financial Officer of McDermott,
05/05/08 J. Ray McDermott Awarded Two Offshore Construction Projects
HOUSTON--(BUSINESS WIRE)--May 5, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that subsidiaries of J. Ray McDermott, S.A. ("J. Ray") were recently awarded two contracts for offshore construction projects. Both of the contracts will be included in McDermott's second
04/28/08 McDermott Previews First Quarter 2008
HOUSTON, Apr 28, 2008 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today provided a preview of the Company's expected segment financial results, and other major items, for the first quarter of 2008 based upon management's recent operating reviews.
04/09/08 J. Ray McDermott Awarded Woodside's North Rankin B Jacket
Batam Facility to Construct Largest Jacket in Southeast Asia HOUSTON--(BUSINESS WIRE)--April 9, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was awarded a contract to construct the North Rankin B ("NRB")
04/08/08 McDermott Announces Dates for First Quarter 2008 Financial Results and Conference Call
HOUSTON--(BUSINESS WIRE)--April 8, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that it plans to release financial results for the first quarter of 2008 during the evening of Monday, May 12, 2008. The Company will host its quarterly conference call
03/28/08 J. Ray McDermott Awarded Peregrino FPSO Project
HOUSTON, Mar 28, 2008 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") has received a letter of award for the engineering, procurement and construction of 6,500 metric tons of topside modules for the
03/27/08 B&W to Supply Boiler and Environmental Equipment for Wyoming Power Plant
HOUSTON, Mar 27, 2008 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of The Babcock & Wilcox Company ("B&W"), has been awarded a contract valued at more than $40 million by Black Hills Corporation to engineer and supply a
03/26/08 J. Ray McDermott Awarded Chevron Platong Gas II Project
HOUSTON--(BUSINESS WIRE)--March 26, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that subsidiaries of J. Ray McDermott, S.A. ("J. Ray") were recently awarded an engineering, procurement, construction and installation ("EPCI") contract by Chevron Thailand Exploration
02/29/08 McDermott to Present at Citigroup's 21st Annual Global Industrial Manufacturing Conference
HOUSTON--(BUSINESS WIRE)--Feb. 29, 2008--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Bruce W. Wilkinson, Chairman of the Board and Chief Executive Officer of McDermott, will present at Citigroup's 21st Annual Global Industrial Manufacturing Conference in New York on
02/27/08 McDermott Reports Fourth Quarter 2007 Results
Net Income of $160.0 million, $0.70 per fully diluted share Strong Fourth Quarter leads to Record Full-Year Revenues, Net Income, Bookings and Backlog HOUSTON--(BUSINESS WIRE)--Feb. 27, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $160.0
02/27/08 Bruce Wilkinson, CEO of McDermott, Announces Intent to Retire in 2008
HOUSTON--(BUSINESS WIRE)--Feb. 27, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that Bruce W. Wilkinson has notified the Company's Board of Directors of his intent to retire as Chairman of the Board of Directors and Chief Executive Officer of
02/22/08 McDermott Subsidiary to Supply Scrubbers to Maryland Power Plants
HOUSTON--(BUSINESS WIRE)--Feb. 22, 2008--McDermott International, Inc. (NYSE:MDR) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. ("B&W"), has been awarded a contract valued at more than $150 million to design and supply four wet flue gas desulfurization
01/28/08 McDermott Subsidiary Receives Major Government Contract Awards
HOUSTON--(BUSINESS WIRE)--Jan. 28, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that The Babcock & Wilcox Company ("B&W"), through a subsidiary, has received several major U.S. Government contract awards. These awards, valued at approximately $500 million, were
01/22/08 J. Ray McDermott Awarded Pluto Offshore Platform Contract
HOUSTON--(BUSINESS WIRE)--Jan. 22, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was recently awarded a contract by Woodside for the Pluto Offshore Platform north west of Karratha, Western Australia.
01/17/08 McDermott Announces Dates for Fourth Quarter 2007 Financial Results and Conference Call
HOUSTON--(BUSINESS WIRE)--Jan. 17, 2008--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that it plans to release financial results for the fourth quarter of 2007 during the evening of Wednesday, February 27, 2008.
12/14/07 J. Ray McDermott Awarded PEMEX Contract
First Project for the new Altamira, Mexico Facility HOUSTON--(BUSINESS WIRE)--Dec. 14, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, J. Ray McDermott, S.A. ("J. Ray"), has been awarded a contract by PEMEX Exploracion y Produccion, Northeast Marine
12/05/07 B&W Awarded Nuclear Steam Generator Contract by FirstEnergy
HOUSTON--(BUSINESS WIRE)--Dec. 5, 2007--McDermott International, Inc. (NYSE:MDR) announced today that a subsidiary of The Babcock & Wilcox Company ("B&W") has been awarded a contract by FirstEnergy Nuclear Operation Company to design, fabricate and deliver two replacement once-through steam
11/26/07 McDermott to Present at the Bear Stearns Commodities & Capital Goods Conference
HOUSTON--(BUSINESS WIRE)--Nov. 26, 2007--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Michael S. Taff, Senior Vice President and Chief Financial Officer of McDermott, will present at the Bear Stearns Third Annual Commodities & Capital Goods Conference in New York on
11/14/07 B&W Awarded Boiler and Environmental Equipment Contract from Basin Electric
HOUSTON--(BUSINESS WIRE)--Nov. 14, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), has received a contract from Basin Electric Power Cooperative for the engineering, material supply, construction, and
11/07/07 McDermott Reports Third Quarter 2007 Results
Net Income of $140.4 million, $0.61 per fully diluted share Continued project execution produces outstanding results, Expecting 4th Quarter to complete strong 2007 HOUSTON--(BUSINESS WIRE)--Nov. 7, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net
11/02/07 B&W to Supply Supercritical Boilers and Environmental Equipment for the Prairie State Energy Campus
HOUSTON--(BUSINESS WIRE)--Nov. 2, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), has been awarded a contract to supply its high-efficiency supercritical steam generators and environmental equipment to
10/18/07 McDermott Announces Dates for Third Quarter Financial Results and Conference Call
HOUSTON--(BUSINESS WIRE)--Oct. 18, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that it plans to release financial results for the third quarter of 2007 during the evening of Wednesday, November 7, 2007.
10/18/07 McDermott Appoints Dennis Baldwin as Vice President and Chief Accounting Officer
HOUSTON--(BUSINESS WIRE)--Oct. 18, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that Dennis S. Baldwin has joined the Company as Vice President and Chief Accounting Officer. In this role, Mr. Baldwin replaces Michael S.
10/01/07 B&W Awarded New Boiler and Environmental Equipment Contract
HOUSTON, Oct 01, 2007 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), has received a contract, valued in excess of $50 million, for the engineering and material supply of a 220-megawatt coal-fired boiler and
09/17/07 McDermott to Present at D.A. Davidson Sixth Annual Engineering and Construction Conference
HOUSTON--(BUSINESS WIRE)--Sept. 17, 2007--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Bruce W. Wilkinson, Chairman of the Board and Chief Executive Officer of McDermott, will present at the D.A. Davidson Sixth Annual Engineering and Construction Conference in San
08/29/07 McDermott to Present at Lehman Brothers 2007 CEO Energy/Power Conference
HOUSTON, Aug 29, 2007 (BUSINESS WIRE) -- McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Bruce W. Wilkinson, Chairman of the Board and Chief Executive Officer of McDermott, will present at the Lehman Brothers 2007 CEO Energy/Power Conference in New York, NY on September
08/10/07 McDermott to Participate in UBS Engineering & Construction Conference
HOUSTON--(BUSINESS WIRE)--Aug. 10, 2007--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Michael S. Taff, Senior Vice President and Chief Financial Officer of McDermott, will participate in the UBS Engineering & Construction One-on-One Conference in Chicago, IL, on
08/09/07 B&W Awarded Replacement Steam Generators Contract by Bruce Power
HOUSTON--(BUSINESS WIRE)--Aug. 9, 2007--McDermott International, Inc. (NYSE:MDR) announced today that a subsidiary of The Babcock & Wilcox Company ("B&W") has been awarded a contract by Bruce Power, valued at approximately $90 million, to engineer, manufacture and install eight replacement steam
08/07/07 McDermott reports Second Quarter 2007 Results; Net Income of $149.4 million, $1.31 per fully diluted share
Bookings exceed $2.3 billion during 2007 second quarter; Backlog grows to $8.9 billion Board of Directors declares 2-for-1 stock split HOUSTON--(BUSINESS WIRE)--Aug. 7, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $149.4 million, or
08/07/07 J. Ray McDermott Awarded Long Term Agreement by Saudi Aramco
HOUSTON--(BUSINESS WIRE)--Aug. 7, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, J. Ray McDermott, S.A. ("J. Ray"), has been awarded a seven-year project by Saudi Aramco to provide engineering, procurement, construction, and installation for the
07/30/07 J. Ray McDermott Completes Acquisition of Secunda Assets
HOUSTON--(BUSINESS WIRE)--July 30, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that an affiliate of its subsidiary, J. Ray McDermott, S.A. ("J. Ray"), has completed its previously announced acquisition of substantially all of the assets of Secunda International
07/26/07 McDermott Completes Amendments to Credit Facilities
HOUSTON--(BUSINESS WIRE)--July 26, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that it has recently completed amendments to two of its subsidiaries' outstanding credit facilities, which have a combined borrowing and performance-related letter of
07/19/07 McDermott Announces Dates for Second Quarter Financial Results and Conference Call
HOUSTON--(BUSINESS WIRE)--July 19, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced it expects to release financial results for the second quarter of 2007 during the evening of Tuesday, August 7, 2007. The Company will host its quarterly conference call
07/17/07 B&W Awarded Contract Extension for Palm Beach County Facility
HOUSTON--(BUSINESS WIRE)--July 17, 2007--McDermott International, Inc. (NYSE:MDR) announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), has signed a 20-year contract extension to provide operations and management services to the Solid Waste Authority for Palm Beach County's
07/02/07 McDermott Announces Upgrades by Credit Rating Agencies
HOUSTON--(BUSINESS WIRE)--July 2, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that both of the major corporate credit rating services, Standard & Poor's Ratings Services ("S&P") and Moody's Investors Service ("Moody's"), have recently upgraded their
06/27/07 J. Ray McDermott Awarded Pipeline Project in Qatar
HOUSTON--(BUSINESS WIRE)--June 27, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, J. Ray McDermott, S.A. ("J. Ray"), has been awarded a contract by Qatargas 3 and Qatargas 4 for the construction engineering, transportation and installation of two
06/27/07 BWXT Brings Nuclear Manufacturing Expertise to USEC's American Centrifuge Uranium Enrichment Program
HOUSTON--(BUSINESS WIRE)--June 27, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, BWX Technologies, Inc. ("BWXT"), has been selected to manufacture components to be used in USEC Inc.'s (NYSE:USU) American Centrifuge Plant in Piketon, Ohio.
06/26/07 J. Ray McDermott Awarded Pipeline Project in Vietnam
HOUSTON--(BUSINESS WIRE)--June 26, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") has been awarded a contract by PV Gas for the new 16" Su Tu Vang to Rang Dong Gas Pipeline in the Cuu Long Basin.
06/21/07 McDermott to Present at the Wachovia Equity Conference
HOUSTON--(BUSINESS WIRE)--June 21, 2007--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Michael S. Taff, Senior Vice President and Chief Financial Officer of McDermott, will present at the 17th Annual Wachovia Nantucket Equity Conference in Nantucket, Massachusetts on
06/20/07 J. Ray McDermott and Fluor Consortium Awarded Poinsettia Project
HOUSTON--(BUSINESS WIRE)--June 20, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, J. Ray McDermott, S.A. ("J. Ray"), has been awarded an engineering, procurement, construction, and installation ("EPCI") contract by BG Trinidad & Tobago for the
06/04/07 McDermott to Present at the Credit Suisse Engineering & Environmental Services Conference
HOUSTON--(BUSINESS WIRE)--June 4, 2007--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Michael S. Taff, Senior Vice President and Chief Financial Officer of McDermott, will present at the Credit Suisse Engineering & Environmental Services Conference in New York City on
06/04/07 J. Ray McDermott to Acquire Secunda Assets
Expands Worldwide Offshore Oil & Gas Construction Capabilities and Capacity HOUSTON--(BUSINESS WIRE)--June 4, 2007--McDermott International, Inc. (NYSE: MDR) ("McDermott") announced today that an affiliate of its subsidiary, J. Ray McDermott, S.A. ("J.
05/29/07 J. Ray McDermott Awarded Major Saudi Aramco Offshore Contract
Leveraging expertise to provide 13 new offshore platforms, modifications of 26 HOUSTON--(BUSINESS WIRE)--May 29, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") confirmed today that its subsidiary, J. Ray McDermott, S.A. ("J. Ray"), was awarded a four-year project by Saudi Aramco to
05/09/07 McDermott to Present at Upcoming Investor Conferences in New York
HOUSTON--(BUSINESS WIRE)--May 9, 2007--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Bruce W. Wilkinson, Chairman of the Board and Chief Executive Officer of McDermott, will present in New York City at the Merrill Lynch Global Engineering & Construction/Infrastructure
05/08/07 BWXT Part of New Team to Manage and Operate Lawrence Livermore National Laboratory
HOUSTON, May 08, 2007 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that its subsidiary, BWX Technologies, Inc. ("BWXT"), is part of the team that has been awarded the Department of Energy's ("DOE") contract to manage and operate the Lawrence Livermore National
05/08/07 B&W Awarded $250 Million Contract for John W. Turk, Jr. Power Plant
HOUSTON--(BUSINESS WIRE)--May 8, 2007--McDermott International, Inc. (NYSE:MDR) announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), has received a contract valued at more than $250 million from American Electric Power (NYSE:AEP), for its Southwestern Electric Power Company
05/07/07 McDermott reports First Quarter 2007 Results; Net Income of $158.1 million, $1.38 per fully diluted share
Offshore Oil & Gas Construction Segment has outstanding quarter, led by international operations Government Operations & Power Generation achieved strong operating income growth HOUSTON--(BUSINESS WIRE)--May 7, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today
05/04/07 McDermott Completes Acquisition of Marine Mechanical Corporation
HOUSTON--(BUSINESS WIRE)--May 4, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that its Government Operations subsidiary, BWX Technologies, Inc. ("BWXT"), has completed its previously announced acquisition of Marine Mechanical Corporation ("MMC") for
05/04/07 McDermott Announces Results of Shareholders' Meeting
HOUSTON--(BUSINESS WIRE)--May 4, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today the results of its annual meeting of stockholders, held this morning in Houston, Texas. The Company's nominees for election as Class III directors were John F.
05/03/07 B&W Awarded Contract to Supply and Construct Environmental Control Equipment
HOUSTON--(BUSINESS WIRE)--May 3, 2007--McDermott International, Inc. (NYSE:MDR) announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), has received a contract for engineering, materials, construction, start-up and commissioning of environmental equipment at Allegheny Energy's
04/25/07 McDermott Announces Dates for First Quarter Financial Results and Conference Call
HOUSTON--(BUSINESS WIRE)--April 25, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced it expects to release financial results for the first quarter of 2007 during the evening of Monday, May 7, 2007. The Company will host its quarterly conference call with
04/19/07 McDermott Provides Update on TXU Boiler/SCR Projects
B&W is continuing work on 3 units HOUSTON--(BUSINESS WIRE)--April 19, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), and affiliates of TXU Corp.
04/12/07 McDermott Announces Retirement of $250 Million of Debt
HOUSTON, Apr 12, 2007 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced it has accelerated the repayment of the $250 million term loan portion of The Babcock & Wilcox Company's ("B&W") credit facility.
03/30/07 BWXT Receives Major Government Contract Awards; Negotiates $1.7 Billion Agreement
HOUSTON--(BUSINESS WIRE)--March 30, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, BWX Technologies, Inc. ("BWXT"), has received recent awards of several major U.S. Government contracts. The awards, valued together in excess of $320 million, are
03/29/07 McDermott Names Mike Taff as Chief Financial Officer
Frank Kalman retiring September 2007 HOUSTON--(BUSINESS WIRE)--March 29, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that its Board of Directors has approved the appointment of Michael S. Taff, age 44, to the position of Senior Vice President and
03/15/07 B&W and AEP to Demonstrate New Clean Coal Technology for Capture of CO2 Emissions
HOUSTON--(BUSINESS WIRE)--March 15, 2007--McDermott International, Inc. (NYSE:MDR) announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), and American Electric Power ("AEP") plan to pursue the commercial viability of a new combustion technology to reduce carbon dioxide ("CO2")
03/01/07 McDermott Reports Fourth Quarter 2006 Results; Net Income of $141 Million, $1.23 per Fully Diluted Share
Strong Project Execution Leads to Record 2006 Results HOUSTON--(BUSINESS WIRE)--March 1, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $141.0 million, or $1.23 per diluted share, for the 2006 fourth quarter, compared to net income of
02/26/07 McDermott Comments on the Status of TXU Boiler Projects
HOUSTON--(BUSINESS WIRE)--Feb. 26, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced that it has not received any notices from TXU Corporation ("TXU") pursuant to today's announcement that TXU has agreed to be acquired.
02/22/07 J. Ray McDermott Awarded North Belut Contract
HOUSTON--(BUSINESS WIRE)--Feb. 22, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was awarded a $125 million contract during the fourth quarter of 2006 for the fabrication, offshore hook-up and commissioning of the
02/15/07 McDermott Announces Dates for Fourth Quarter Financial Results and Conference Call
HOUSTON--(BUSINESS WIRE)--Feb. 15, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced it expects to release financial results for the fourth quarter of 2006 during the evening of Thursday, March 1, 2007. The Company will host its quarterly conference call
02/07/07 McDermott to Acquire Marine Mechanical Corporation
A Complementary Business for McDermott's Government Operations HOUSTON--(BUSINESS WIRE)--Feb. 7, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that its Government Operations subsidiary, BWX Technologies, Inc.
02/06/07 McDermott Elects Bethards President of Fossil Power Group at B&W
HOUSTON, Feb 06, 2007 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that its Board of Directors has elected Brandon C. Bethards to the position of President, Fossil Power Group for McDermott's power generation systems subsidiary, The
02/01/07 McDermott Elects John Nesser Executive Vice President and Chief Administrative & Legal Officer
Hinrichs becomes General Counsel; Hunter & Woodard appointed Vice Presidents HOUSTON--(BUSINESS WIRE)--Feb. 1, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that its Board of Directors has elected John T.
01/26/07 J. Ray McDermott Awarded Pipeline Contract in Russia
HOUSTON--(BUSINESS WIRE)--Jan. 26, 2007--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was recently awarded a sub-sea pipeline installation project by Lukoil-Nizhnevolzhskneft, LLC (Lukoil), a subsidiary of OJSC LUKOIL
01/26/07 J. Ray McDermott Awarded East India Oilfield Contract
Utilizing worldwide resources to provide rapid response on EPCI project HOUSTON, Jan 26, 2007 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today subsidiaries of J. Ray McDermott, S.A. ("J. Ray") were awarded the KG-D6 field development project by Reliance
01/25/07 B&W Awarded Environmental Control Equipment Contract
HOUSTON--(BUSINESS WIRE)--Jan. 25, 2007--McDermott International, Inc. (NYSE:MDR) announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), received a contract in the fourth quarter of 2006 valued at more than $100 million from Public Service Company of New Mexico ("PNM") to
12/27/06 McDermott Announces Completion of Babcock & Wilcox Settlement Payments and Reorganization of U.S. Legal Entities
HOUSTON, Dec 27, 2006 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) and its subsidiaries ("McDermott" or the "Company") announced today that the Company has completed ahead of schedule its remaining financial obligations it was required to make under The Babcock & Wilcox Company's
12/04/06 J. Ray McDermott Awarded Contract from Maersk Oil Qatar
HOUSTON--(BUSINESS WIRE)--Dec. 4, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was recently awarded a contract by Maersk Oil Qatar to engineer, procure, construct, and install two wellhead decks for the Block 5
11/21/06 McDermott to present at Bear Stearns Commodities and Capital Goods Conference
HOUSTON--(BUSINESS WIRE)--Nov. 21, 2006--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Bruce W. Wilkinson, Chairman of the Board and Chief Executive Officer of McDermott, will present at Bear Stearns 2nd Annual Commodities and Capital Goods Conference in New York City
11/07/06 McDermott Comments on Citgo Verdict
Appeal planned of jury verdict despite B&W's capped potential liability of $42.5 million HOUSTON--(BUSINESS WIRE)--Nov. 7, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a jury verdict has been rendered against one of its subsidiaries, The Babcock & Wilcox Company
11/02/06 McDermott Reports Third Quarter 2006 Results
Net Income of $101.7 million, $0.89 per fully diluted share Business Editors/Energy Editors HOUSTON--(BUSINESS WIRE)--Nov. 2, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $101.7 million, or $0.89 per diluted share, for the 2006 third
10/23/06 McDermott Appoints John F. Bookout III to Board of Directors
HOUSTON, Oct 23, 2006 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that John F. Bookout III has been appointed to McDermott's Board of Directors, effective October 23, 2006. Mr. Bookout will serve as a member of the audit committee.
10/16/06 McDermott Announces Dates for Third Quarter Financial Results and Conference Call
HOUSTON--(BUSINESS WIRE)--Oct. 16, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced it expects to release financial results for the third quarter of 2006 during the evening of Thursday, November 2, 2006. The Company will host its quarterly conference
09/14/06 McDermott to Present at D.A. Davidson Engineering and Construction Conference
HOUSTON--(BUSINESS WIRE)--Sept. 14, 2006--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Bruce W. Wilkinson, Chairman of the Board and Chief Executive Officer of McDermott, will present at the D.A. Davidson Fifth Annual Engineering and Construction Conference in San
09/08/06 McDermott Announces New Power Organization Led by John Fees; Provides Improved Customer Focus; Enhanced Product Offerings; Potential Synergies
HOUSTON--(BUSINESS WIRE)--Sept. 8, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today a strategic realignment of its businesses operating within the power industry. Effective January 1, 2007, the Company will consolidate its BWX Technologies, Inc.
08/28/06 McDermott to Present at Lehman Brothers 2006 CEO Energy/Power Conference
HOUSTON, Aug 28, 2006 (BUSINESS WIRE) -- McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that Bruce W. Wilkinson, Chairman of the Board and Chief Executive Officer of McDermott, will present at Lehman Brothers' 2006 CEO Energy/Power Conference in New York, NY on September 5,
08/16/06 J. Ray McDermott Awarded Qatar Pearl GTL Contract
HOUSTON--(BUSINESS WIRE)--Aug. 16, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was recently awarded a contract by Shell Qatar GTL Limited to engineer, construct, transport, install hook-up and pre-commission two
08/14/06 J. Ray McDermott Awarded Offshore Saudi Arabia Contract
HOUSTON--(BUSINESS WIRE)--Aug. 14, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was awarded a new contract from Saudi Aramco to supply 16 Production Deck Modules ("PDMs") for Saudi Arabia's offshore fields.
08/07/06 McDermott Reports Second Quarter 2006 Results; Net Income of $45.4 Million, $0.40 Per Split-Adjusted Diluted Share; Includes $49 Million After-Tax Expense Associated with Debt Retirement
HOUSTON--(BUSINESS WIRE)--Aug. 7, 2006-- Substantial Growth in Backlog / First Full Quarter with B&W McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $45.4 million, or $0.40 per diluted share, for the 2006 second quarter, compared to net income of
08/01/06 J. Ray McDermott Awarded Offshore LNG Projects for Qatargas 3 and Qatargas 4
HOUSTON--(BUSINESS WIRE)--Aug. 1, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was recently awarded an engineering, procurement, construction, and installation contract for three wellhead topsides bound for
07/31/06 J. Ray McDermott Awarded Installation Projects in India
HOUSTON--(BUSINESS WIRE)--July 31, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was recently awarded two new contracts to provide installation services. Both awards are part of field development activities by
07/25/06 McDermott Announces Dates for Second Quarter Financial Results and Conference Call
HOUSTON--(BUSINESS WIRE)--July 25, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced it expects to release financial results for the second quarter of 2006 before the stock market opens on Monday, August 7, 2006, with a conference call to occur at 12:00
07/18/06 J. Ray McDermott to Install Australia's North West Shelf Angel Jacket
HOUSTON, Jul 18, 2006 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was recently awarded a contract by Woodside Energy Limited, operator of the North West Shelf ("NWS") Venture, valued at
07/17/06 J. Ray McDermott Awarded Contract Offshore Qatar
HOUSTON--(BUSINESS WIRE)--July 17, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray"), was recently awarded a contract by ExxonMobil Middle East Gas Marketing Ltd. to provide engineering, procurement, construction and
07/14/06 The Babcock & Wilcox Company Awarded Scrubber Contract
HOUSTON--(BUSINESS WIRE)--July 14, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), has received a contract from Allegheny Energy for engineering, materials, construction, start-up and commissioning of
06/28/06 J. Ray McDermott Awarded Qatargas Contract
HOUSTON--(BUSINESS WIRE)--June 28, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was awarded a contract by Qatargas Operating Company Limited ("Qatargas") to provide engineering, procurement and installation
06/08/06 B&W Selected to Supply TXU with Supercritical Boilers and Environmental Equipment
HOUSTON--(BUSINESS WIRE)--June 8, 2006--McDermott International, Inc. (NYSE: MDR) announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), has signed a memorandum of understanding ("MOU") to supply eight identical supercritical coal-fired boilers and selective catalytic
06/06/06 J. Ray McDermott Completes Tender Offer and Closes $500 Million Credit Facility
HOUSTON--(BUSINESS WIRE)--June 6, 2006--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. ("McDermott") (NYSE:MDR), announced today it has completed the previously announced cash tender offer and consent solicitation (collectively, the "Offer") to purchase all of J.
06/02/06 J. Ray McDermott Announces Extension of Tender Offer
HOUSTON--(BUSINESS WIRE)--June 1, 2006--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. ("McDermott") (NYSE:MDR), announced today that it has extended the expiration date of its previously announced cash tender offer and consent solicitation (collectively, the
05/23/06 McDermott to Host New York Analyst Meeting & Attend Upcoming Conference Presentation
HOUSTON--(BUSINESS WIRE)--May 23, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") will host a meeting with the financial community in New York City on May 31, 2006. Presentations will be given by McDermott's executive management, including the Presidents of the
05/17/06 J. Ray McDermott Announces Pricing and Preliminary Results of Tender Offer
HOUSTON--(BUSINESS WIRE)--May 17, 2006--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. ("McDermott") (NYSE:MDR), announced today the pricing terms of its previously announced cash tender offer and consent solicitation (collectively, the "Offer") to purchase all of
05/16/06 Babcock & Wilcox Awarded Environmental Equipment Contract
HOUSTON--(BUSINESS WIRE)--May 16, 2006--McDermott International, Inc. (NYSE:MDR) announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), has been awarded a contract valued in excess of $70 million to supply and construct wet flue gas desulfurization (WFGD) systems at
05/03/06 J. Ray McDermott Announces Tender Offer for 11% Senior Secured Notes Due 2013
HOUSTON--(BUSINESS WIRE)--May 3, 2006--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. ("McDermott") (NYSE:MDR), announced today that it has commenced a cash tender offer and consent solicitation (collectively, the "Offer") to purchase all of J.
05/03/06 McDermott Reports First Quarter 2006 Results; Net Income of $54.1 Million, $0.72 Per Diluted Share
HOUSTON--(BUSINESS WIRE)--May 3, 2006-- Announces 3 for 2 Stock Split of Common Shares McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $54.1 million, or $0.72 per diluted share, for the 2006 first quarter, compared to net income of $22.4 million,
05/03/06 McDermott Announces Results of Shareholders' Meeting
HOUSTON, May 03, 2006 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today the results of its annual meeting of stockholders, held this morning in Houston, Texas. The Company's nominees for election as Class II directors were Robert L.
04/25/06 McDermott Announces Dates for First Quarter 2006 and Upcoming Investor Events
HOUSTON, Apr 25, 2006 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced it will release its financial results for the first quarter of 2006 during the evening of May 3, 2006, with a conference call to occur May 4, 2006 at 10:00 a.m. (EST).
03/20/06 J. Ray McDermott Awarded Su Tu Vang Project; Updates J. Ray's First Quarter 2006 Bookings to Date
HOUSTON--(BUSINESS WIRE)--March 20, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") was awarded a significant contract by Cuu Long Joint Operating Company to provide engineering, procurement, construction,
03/10/06 McDermott Announces Executive Appointments
HOUSTON, Mar 10, 2006 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that its Board of Directors has elected new officers of the Company. James R. Easter, formerly Vice President, Finance and Treasurer of McDermott, was appointed Vice
03/06/06 J. Ray McDermott Awarded Pipeline Contract
HOUSTON, Mar 06, 2006 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") has been awarded a contract by Vietsovpetro to install a 298 kilometer, 18" gas pipeline. J.
03/01/06 McDermott Reports Fourth Quarter 2005 Results; Net Income of $36.1 Million, $0.48 Per Diluted Share; Represents the Last Quarter without Babcock & Wilcox Consolidated in Financial Results
HOUSTON--(BUSINESS WIRE)--March 1, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $36.1 million, or $0.48 per diluted share, for the 2005 fourth quarter, compared to reported net income of $42.5 million, or $0.61 per diluted share, for the
02/22/06 The Babcock & Wilcox Company Exits Chapter 11 Bankruptcy; A Transformational Event for McDermott and B&W
HOUSTON--(BUSINESS WIRE)--Feb. 22, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that The Babcock & Wilcox Company and certain of its subsidiaries ("B&W") have now exited from Chapter 11 bankruptcy and entered into its previously announced
02/17/06 The Babcock & Wilcox Company Receives Scrubber Contract for Xcel Energy's Comanche Plant
NEW ORLEANS--(BUSINESS WIRE)--Feb. 17, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, The Babcock & Wilcox Company ("B&W"), has received a contract from Xcel Energy for engineering, materials and start-up commissioning of three dry flue gas
02/17/06 McDermott Announces Dates for Fourth Quarter Financial Results and Conference Call
NEW ORLEANS--(BUSINESS WIRE)--Feb. 17, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced it expects to release financial results for the fourth quarter of 2005 during the evening of March 1, 2006, with a conference call to occur March 2, 2006 at 9:15 a.m.
02/13/06 J. Ray McDermott Awarded Two Contracts Offshore Saudi Arabia
HOUSTON, Feb 13, 2006 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") has been awarded two contracts by Al-Khafji Joint Operations ("KJO") to provide engineering, procurement, construction and
01/18/06 McDermott Announces Results of Shareholders' Meeting
NEW ORLEANS--(BUSINESS WIRE)--Jan. 18, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott" or "Company") announced the results from the special meeting of shareholders held today in Houston, Texas. The purpose of the special meeting was for McDermott shareholders to vote on a resolution
01/17/06 McDermott Announces District Court Action on Babcock & Wilcox's Chapter 11 Plan of Reorganization
NEW ORLEANS--(BUSINESS WIRE)--Jan. 17, 2006--McDermott International, Inc. (NYSE:MDR) ("McDermott" or "Company") announced today that on January 17, 2006, the Honorable Judge Sarah S. Vance of the United States District Court for the Eastern District of Louisiana issued an order confirming The
01/13/06 B&W Announces Environmental Equipment Award
NEW ORLEANS, Jan 13, 2006 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that The Babcock & Wilcox Company ("B&W") has received a contract valued at more than $50 million from Kansas City Power & Light ("KCP&L"), a subsidiary of Great Plains Energy
12/29/05 McDermott Announces Bankruptcy Court Action on Babcock & Wilcox's Chapter 11 Plan of Reorganization
NEW ORLEANS, Dec 29, 2005 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announces that on December 28, 2005, the Honorable Judge Jerry A. Brown of the United States Bankruptcy Court for the Eastern District of Louisiana issued his findings of fact, conclusions of law and
12/28/05 J. Ray McDermott Signs Letter-of-Credit Facility
HOUSTON--(BUSINESS WIRE)--Dec. 28, 2005--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that its wholly owned subsidiary, J. Ray McDermott, S.A. ("J. Ray") and one of J. Ray's subsidiaries have entered into a $105.2 million unsecured credit facility (the "Facility") with a
12/21/05 BWXT Awarded Los Alamos National Lab Contract
NEW ORLEANS--(BUSINESS WIRE)--Dec. 21, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, BWX Technologies, Inc. ("BWXT"), is one of four partners on the Los Alamos National Security, LLC ("LANS") team that has been awarded the Department of Energy's
12/20/05 J. Ray McDermott to Fabricate Additional Structures for Saudi Aramco
HOUSTON--(BUSINESS WIRE)--Dec. 20, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that subsidiaries of J. Ray McDermott, S.A. ("J. Ray") have been awarded additional work by Saudi Aramco to fabricate, transport, and install 16 additional jackets for the Maintain
12/19/05 BWXT Receives Major Contract Awards
NEW ORLEANS, Dec 19, 2005 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its subsidiary, BWX Technologies, Inc. ("BWXT"), has received recent awards of several major U.S. government contracts. The awards, valued together in excess of $410 million, are
12/10/05 McDermott Completes Redemption of Medium Term Notes; Receives Credit Rating Upgrades
HOUSTON--(BUSINESS WIRE)--Dec. 9, 2005--McDermott International, Inc. ("McDermott") (NYSE:MDR) announced that its subsidiary, McDermott Incorporated, has completed the redemption of the remaining principal amount of its Series B 8.75% Medium Term Notes due May 19, 2023.
11/16/05 McDermott Appoints Goldman to Board of Directors
NEW ORLEANS, Nov 16, 2005 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that Robert W. Goldman has been appointed to McDermott's Board of Directors and its Audit Committee, effective November 15, 2005. Goldman, 63, retired as Senior Vice President,
11/08/05 McDermott Reports Third Quarter 2005 Results; Net Income of $58.5 Million, $0.80 Per Diluted Share
NEW ORLEANS, Nov 08, 2005 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $58.5 million, or $0.80 per diluted share, for the 2005 third quarter, compared to net income of $18.3 million, or $0.27 per diluted share, for the
11/04/05 B&W Awarded Environmental Equipment Contract for AEP'S Amos Plant in West Virginia
HOUSTON--(BUSINESS WIRE)--Nov. 4, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that its deconsolidated subsidiary The Babcock & Wilcox Company ("B&W") has been awarded a contract valued well in excess of $100 million to supply and construct wet flue gas
10/28/05 McDermott Announces Dates for Third Quarter Financial Results and Conference Call
NEW ORLEANS--(BUSINESS WIRE)--Oct. 28, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced it expects to release financial results for the third quarter of 2005 during the evening of November 8, 2005, with a conference call to occur November 9, 2005, at
09/30/05 The Babcock & Wilcox Company Files Joint Plan of Reorganization
NEW ORLEANS--(BUSINESS WIRE)--Sept. 30, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that The Babcock & Wilcox Company ("B&W") and certain of B&W's subsidiaries, together with the Asbestos Claimants' Committee and the Legal Representative for Future
09/29/05 J. Ray McDermott Awarded Asia Pacific Platform Contract
HOUSTON--(BUSINESS WIRE)--Sept. 29, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") has been awarded the Arthit Processing Platform ("APP") contract by PTT Exploration and Production and Production Public Company
09/26/05 J. Ray McDermott Awarded Offshore LNG Contract for RasGas Phase 2
HOUSTON--(BUSINESS WIRE)--Sept. 26, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") has been awarded a contract by Ras Laffan Liquefied Natural Gas Company Limited (3) to provide engineering, procurement,
09/21/05 McDermott Cancels Conference Presentation Due to Hurricane Rita
NEW ORLEANS--(BUSINESS WIRE)--Sept. 21, 2005--McDermott International, Inc. ("McDermott") (NYSE:MDR), announced today that its representatives are unable to attend the previously scheduled D.A. Davidson Engineering and Construction Conference in San Francisco, as a result of the expected path of
09/19/05 J. Ray McDermott Awarded Australian LNG Fabrication Project
HOUSTON--(BUSINESS WIRE)--Sept. 19, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") has been awarded a $77 million contract by Woodside Energy Ltd., operator of the North West Shelf Venture's (the "Venture") Phase
09/15/05 McDermott to Present at D.A. Davidson Engineering & Construction Conference
NEW ORLEANS--(BUSINESS WIRE)--Sept. 15, 2005--McDermott International, Inc. ("McDermott") (NYSE:MDR), announced today that Bruce Wilkinson, Chairman of the Board and Chief Executive Officer, and Frank Kalman, Executive Vice President and Chief Financial Officer, will present at D.A.
08/29/05 McDermott Announces Proposed Revision to the Babcock & Wilcox Company Chapter 11 Negotiated Settlement Agreement
NEW ORLEANS--(BUSINESS WIRE)--Aug. 29, 2005--McDermott International, Inc. (NYSE:MDR) and its affiliates ("McDermott" or the "Company") announced today that the Company and certain of its subsidiaries, together with the Asbestos Claimants' Committee ("ACC") and the Legal Representative for Future
08/29/05 McDermott to Present at Lehman Brothers 2005 CEO Energy/Power Conference
NEW ORLEANS--(BUSINESS WIRE)--Aug. 29, 2005--McDermott International, Inc. ("McDermott") (NYSE:MDR), announced today that Bruce Wilkinson, Chairman of the Board and Chief Executive Officer and Frank Kalman, Executive Vice President and Chief Financial Officer, will present at Lehman Brothers' 2005
08/24/05 J. Ray McDermott Awarded Marine Installation Contract
HOUSTON, Aug 24, 2005 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that a subsidiary of J. Ray McDermott, S.A. ("J. Ray") has been awarded the transportation and installation of the In-Field Flowlines, including the associated pipeline end terminations
08/18/05 J. Ray McDermott Awarded Saudi Aramco Project
HOUSTON--(BUSINESS WIRE)--Aug. 18, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that subsidiaries of J. Ray McDermott, S.A. ("J. Ray") have been awarded work by Saudi Aramco to provide fabrication and installation for the Marjan, Zuluf, Safaniya oil field
08/15/05 J. Ray McDermott's Partial Tender Offer for Senior, Secured Notes Expires
HOUSTON--(BUSINESS WIRE)--Aug. 15, 2005--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. ("McDermott") (NYSE:MDR), announced today that its offer to purchase at par up to $36.5 million of J. Ray's 11 percent, senior secured notes due 2013 (the "Notes"), commenced on
08/04/05 McDermott Reports Second Quarter 2005 Results; Net Income of $80.9 million, $1.12 per diluted share, includes $50.4 million benefit from increased net deferred tax assets and B&W settlement revaluation expense of $7.4 million after tax
NEW ORLEANS--(BUSINESS WIRE)--Aug. 4, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $80.9 million, or $1.12 per diluted share, for the 2005 second quarter, compared to net income of $11.8 million, or $0.17 per diluted share, for the
07/26/05 McDermott Announces Dates for Second Quarter Financial Results and Conference Call
NEW ORLEANS--(BUSINESS WIRE)--July 26, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced it expects to release financial results for the second quarter of 2005 during the evening of August 4, 2005, with a conference call to occur August 5, 2005 at 10:00
07/16/05 J. Ray McDermott Announces Partial Tender Offer for Senior, Secured Notes
HOUSTON--(BUSINESS WIRE)--July 15, 2005--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. ("McDermott") (NYSE:MDR), announced today that it has commenced an offer to purchase at par up to $36.5 million of J. Ray's $200 million 11 percent, senior secured notes due
06/09/05 McDermott Appoints Michael Taff as Vice President and Chief Accounting Officer
NEW ORLEANS--(BUSINESS WIRE)--June 9, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that Michael S. Taff has joined the Company as Vice President and Chief Accounting Officer. Taff, who has nearly 21 years of financial and business advisory experience
06/06/05 BWXT Receives Contract Extensions at Pantex, Y-12
NEW ORLEANS--(BUSINESS WIRE)--June 6, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that its subsidiary, BWX Technologies, Inc. ("BWXT"), has received notification by the Department of Energy's ("DOE") National Nuclear Security Administration ("NNSA")
05/26/05 McDermott to Present at Credit Suisse First Boston Conference
HOUSTON--(BUSINESS WIRE)--May 26, 2005--McDermott International, Inc. ("McDermott") (NYSE:MDR), announced today that its Executive Vice President and Chief Financial Officer, Frank Kalman, will present at the Credit Suisse First Boston Engineering & Environmental Services Conference in New York on
05/09/05 McDermott Reports First Quarter 2005 Results; Net Income of $22.4 Million, $0.32 Per Diluted Share, Includes B&W Settlement Revaluation Income of $0.6 Million after Tax
NEW ORLEANS--(BUSINESS WIRE)--May 9, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $22.4 million, or $0.32 per diluted share, for the 2005 first quarter, compared to a net loss of $10.9 million, or $0.17 per diluted share, for the
05/04/05 McDermott Announces Results of Stockholders' Meeting, Upcoming Events
NEW ORLEANS, May 04, 2005 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today the results of its annual meeting of stockholders, held this morning in New Orleans, Louisiana and the dates of its first quarter 2005 earnings release and conference
03/31/05 McDermott Files Annual Report on Form 10-K
NEW ORLEANS--(BUSINESS WIRE)--March 31, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced it filed its annual report on Form 10-K for the year ended December 31, 2004 with the United States Securities and Exchange Commission (the "SEC").
03/24/05 BWXT Amends $135 Million Revolving Credit Facility
NEW ORLEANS, Mar 24, 2005 (BUSINESS WIRE) -- BWX Technologies, Inc. ("BWXT"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that it and a group of lenders have entered into the First Amendment to BWXT's Revolving Credit Agreement.
03/16/05 McDermott Reports Fourth Quarter and Full-Year 2004 Unaudited Results; Fourth Quarter Net Income of $0.61 Per Diluted Share; McDermott Extends Filing of Form 10-K
NEW ORLEANS, Mar 15, 2005 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") announced today its unaudited results for the fourth quarter and full year 2004. In addition, McDermott disclosed that it has filed a 12b-25 extension for the Company's Form 10-K
03/03/05 McDermott Announces Dates for Fourth Quarter Financial Results and Conference Call
NEW ORLEANS, Mar 3, 2005 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced it expects to release financial results for the fourth quarter 2004 during the evening of March 15, 2005, with a conference call to occur March 16, 2005 at 10:00 a.m.
02/09/05 McDermott Provides Fourth Quarter Financial Preview and 2005 Information
NEW ORLEANS--(BUSINESS WIRE)--Feb. 9, 2005-- Fourth Quarter EPS Anticipated Between $0.50 and $0.59 Per Share Unrestricted Cash Balance of Approximately $260 Million at Dec. 31, 2004 McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today provided a preview on major items
02/04/05 Roger Brown Appointed to McDermott's Board of Directors
NEW ORLEANS--(BUSINESS WIRE)--Feb. 4, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that Roger A. Brown has been appointed to McDermott's board of directors, effective Feb. 24, 2005. Mr. Brown will be a member of the compensation committee and the governance
02/03/05 Sannino promoted to Executive Vice President, Human Resources for McDermott International
NEW ORLEANS--(BUSINESS WIRE)--Feb. 3, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that Louis J. Sannino has been named executive vice president, Human Resources. This promotion was enacted by the Board of Directors on Feb. 1, 2005.
01/26/05 J. Ray McDermott & Keppel FELS Sign Letter Of Intent for ABB Lummus Global Patents
HOUSTON--(BUSINESS WIRE)--Jan. 26, 2005--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermott"), and Keppel FELS Ltd ("Keppel"), a wholly-owned subsidiary of Keppel Offshore & Marine, announced today that ABB Lummus Global Inc.
01/18/05 McDermott Winds-up U.K. Pension Plan; Retrieves $38 Million Cash
NEW ORLEANS--(BUSINESS WIRE)--Jan. 18, 2005--McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that it has successfully collected approximately $38 million from a terminated pension plan in the United Kingdom. This pension plan was terminated in November 1998.
01/11/05 BWXT Receives Major Contract Awards
NEW ORLEANS--(BUSINESS WIRE)--Jan. 11, 2005--BWX Technologies, Inc. ("BWXT"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today the recent award of several major U.S. government contracts. The awards, valued in excess of $400 million, are for the manufacture of
12/15/04 J. Ray McDermott Completes Sale of Inactive Scottish Fabrication Facility
HOUSTON--(BUSINESS WIRE)--Dec. 15, 2004--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that it recently completed the sale of its Ardersier, Scotland, fabrication facility ("Ardersier"), which had been inactive since 2001.
11/09/04 BWXT and Battelle Energy Alliance Members Win Idaho National Laboratory Contract
NEW ORLEANS, Nov 9, 2004 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott") announced today that the U.S. Department of Energy ("DOE") has awarded the Battelle Energy Alliance ("BEA"), of which BWX Technologies, Inc. ("BWXT") is a member, a contract valued at $6.5 billion to
11/09/04 McDermott Reports Third Quarter 2004 Results; Net Income of $18.3 million, $0.27 per diluted share, includes B&W settlement revaluation expense of $1.1 million after tax
NEW ORLEANS--(BUSINESS WIRE)--Nov. 9, 2004--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $18.3 million, or $0.27 per diluted share, for the 2004 third quarter, compared to net income from continuing operations of $10.1 million, or $0.15 per
10/28/04 Oliver Kingsley Appointed to McDermott's Board of Directors
NEW ORLEANS, La.--(BUSINESS WIRE)--Oct. 28, 2004--McDermott International Inc. (NYSE:MDR) ("McDermott") announced today that Oliver D. Kingsley Jr. has been appointed to McDermott's board of directors. He will be a member of the compensation committee and the governance committee.
10/22/04 McDermott Provides Dates for Third Quarter Financial Results and Conference Call
NEW ORLEANS--(BUSINESS WIRE)--Oct. 22, 2004--McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced it plans to release financial results for the third quarter 2004 during the evening of Nov. 9, 2004, with a conference call to occur Nov. 10, 2004, at 10:00 a.m.
10/08/04 McDermott Announces Bankruptcy Court Action on Babcock & Wilcox's Chapter 11 Plan of Reorganization
NEW ORLEANS--(BUSINESS WIRE)--Oct. 8, 2004--McDermott International Inc. (NYSE:MDR) ("McDermott") announces that on Oct. 8, 2004, the Honorable Judge Jerry A. Brown of the United States Bankruptcy Court for the Eastern District of Louisiana issued his findings of fact, conclusions of law and
09/27/04 J. Ray McDermott Announces New Project Awards Totaling Approximately $390 Million
HOUSTON--(BUSINESS WIRE)--Sept. 27, 2004--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. ("McDermott") (NYSE:MDR), announced today that its McDermott Caspian Contractors Inc. ("MCCI") subsidiary was awarded three new projects from the Azerbaijan International
09/16/04 J. Ray McDermott Concludes Partial Tender Offer for Senior, Secured Notes
HOUSTON--(BUSINESS WIRE)--Sept. 16, 2004--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. ("McDermott") (NYSE:MDR), announced today that it has concluded its offer to purchase at par up to $18.75 million of J. Ray's 11 percent, senior secured notes due 2013 (the
09/01/04 McDermott to Present at Lehman Brothers Conference
HOUSTON--(BUSINESS WIRE)--Sept. 1, 2004--McDermott International Inc. ("McDermott") (NYSE:MDR), announced today that its chief executive officer, Bruce Wilkinson, and chief financial officer, Frank Kalman, will present at the Lehman Brothers CEO Energy and Power Conference in New York on Sept.
08/26/04 J. Ray McDermott Completes $25 Million Letter-of-Credit Facility, Asset Sale
HOUSTON--(BUSINESS WIRE)--Aug. 26, 2004--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. ("McDermott") (NYSE:MDR), announced today that it has completed a new $25 million letter-of-credit facility. As previously announced, the term of the facility is 36 months with
08/14/04 J. Ray McDermott Announces Partial Tender Offer for Senior, Secured Notes
HOUSTON--(BUSINESS WIRE)--Aug. 13, 2004--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. ("McDermott") (NYSE:MDR), announced today that it has commenced an offer to purchase at par up to $18.75 million of J. Ray's 11 percent, senior secured notes due 2013 (the
08/10/04 J. Ray McDermott Receives Commitment Letter for a $25 Million LC Facility
HOUSTON, Aug 10, 2004 (BUSINESS WIRE) -- McDermott International Inc. ("McDermott") (NYSE:MDR) announced today that one of its subsidiaries, J. Ray McDermott, S.A. ("J. Ray"), has received and signed a commitment letter for a new $25 million letter-of-credit facility (the "facility") arranged by
08/09/04 McDermott Reports Second Quarter 2004 Results; Net Income of $11.8 million, $0.17 per diluted share, includes B&W settlement revaluation expense of $4.0 million after tax
NEW ORLEANS--(BUSINESS WIRE)--Aug. 9, 2004--McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported net income of $11.8 million, or $0.17 per diluted share, for the second quarter of 2004, compared to a loss from continuing operations of $60.5 million, or $0.95 per
08/03/04 J. Ray McDermott Completes Front Runner Spar Project
HOUSTON--(BUSINESS WIRE)--Aug. 3, 2004--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that it has completed and handed over the Front Runner Spar platform and has received acceptance from the customer, Murphy Exploration
08/01/04 J. Ray McDermott Awarded Additional Saudi Aramco Project
HOUSTON, Aug 1, 2004 (BUSINESS WIRE) -- J. Ray McDermott, S.A. ("J.Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermottt"), announced today two of its subsidiaries have been awarded additional work by Saudi Aramco to fabricate, transport and install offshore production
07/28/04 McDermott Provides Dates for Second Quarter Financial Results and Conference Call
NEW ORLEANS--(BUSINESS WIRE)--July 28, 2004--McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced it plans to release financial results for the second quarter 2004 during the evening of Aug. 9, 2004, with a conference call to occur Aug. 10, 2004 at 10:00 a.m.
07/22/04 J. Ray McDermott Completes Sale Of Shearleg Crane
HOUSTON--(BUSINESS WIRE)--July 22, 2004--J. Ray McDermott, S.A. ("J.Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermott"), announced today that it has sold its Oceanic 93 (the "Shearleg Crane") to Marine Management Group BV. The cash sales price received was approximately
07/14/04 J. Ray McDermott Completes Sale of the DB 60 Marine Vessel
HOUSTON, Jul 14, 2004 (BUSINESS WIRE) -- J. Ray McDermott, S.A. ("J.Ray"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermottt"), announced today that pursuant to its previously disclosed liquidity improvement plan, it has completed the sale of its DB 60 combination derrick and
06/30/04 J. Ray McDermott Provides Liquidity Update
HOUSTON--(BUSINESS WIRE)--June 30, 2004--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermott"), today provided an update of its liquidity position. As of June 28, 2004, J. Ray had total cash, cash equivalents and investments of $208 million, of
06/10/04 J. Ray McDermott Barge Capsizes; No Adverse Impact Expected
HOUSTON--(BUSINESS WIRE)--June 10, 2004--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced that its Intermac 404, a launch barge, yesterday capsized off the coast of South America while returning to the United States from a project
05/10/04 McDermott Reports First Quarter 2004 Results; Net Loss of $10.9 million, $0.17 per diluted share, includes B&W settlement revaluation benefit of $2.7 million after tax
NEW ORLEANS--(BUSINESS WIRE)--May 10, 2004--McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported a net loss from operations of $10.9 million, or $0.17 per diluted share, for the first quarter of 2004, compared to income from continuing operations of $29.6 million,
05/05/04 McDermott Announces Results of Stockholders' Meeting; Upcoming Events
NEW ORLEANS--(BUSINESS WIRE)--May 5, 2004--McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today the results of its annual meeting of stockholders, held this morning in New Orleans, La., and the dates of its first quarter 2004 earnings release and conference call.
04/21/04 J. Ray McDermott Awarded RasGas Expansion
HOUSTON--(BUSINESS WIRE)--April 21, 2004--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermott"), announced today that it has been awarded additional work offshore Qatar by Ras Laffan Liquefied Natural Gas Company Limited (II).
03/12/04 McDermott reports Fourth Quarter 2003 Loss from Continuing Operations of $81.4 million, $1.26 per diluted share
NEW ORLEANS, La.--(BUSINESS WIRE)--March 11, 2004-- Includes B&W Settlement Revaluation Expense of $9.7 Million After-Tax and $64.7 Million in Losses from Three J. Ray Projects Expected to Be Completed in 2004 McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today
03/01/04 McDermott Provides Fourth Quarter Financial Update and 2004 Outlook
HOUSTON--(BUSINESS WIRE)--March 1, 2004--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today provided a preview on major items expected in its fourth quarter 2003 earnings release based upon management's unaudited review. In addition, the Company provided an outlook for
02/09/04 J. Ray McDermott Completes Devils Tower Spar Project
HOUSTON--(BUSINESS WIRE)--Feb. 9, 2004--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermott"), announced today that it has completed and handed over the Devils Tower Spar platform. SparTEC, a subsidiary of J.
02/05/04 Tom Schievelbein Appointed to McDermott's Board of Directors
NEW ORLEANS--(BUSINESS WIRE)--Feb. 5, 2004--McDermott International Inc. (NYSE:MDR) ("McDermott") announced today that Thomas C. Schievelbein has been appointed to McDermott's board of directors. He will be a member of the audit committee and the compensation committee.
01/12/04 J. Ray McDermott Awarded Dolphin Platforms
HOUSTON--(BUSINESS WIRE)--Jan. 12, 2004--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that it has been awarded a contract by Dolphin Energy Ltd. of the United Arab Emirates ("Dolphin") for the engineering, procurement,
12/17/03 McDermott Announces Results of Special Shareholders Meeting
NEW ORLEANS--(BUSINESS WIRE)--Dec. 17, 2003--McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") announced the results from the special meeting of shareholders held today in New Orleans. The purpose of the special meeting was for McDermott shareholders to vote on a resolution
12/09/03 McDermott Announces New Financing Arrangements
NEW ORLEANS--(BUSINESS WIRE)--Dec. 9, 2003--McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today the substantial completion of the Company's financial restructuring initiative. The initiative consists of obtaining new financing for each of McDermott's two
12/05/03 BWXT Receives Major Contract Awards
NEW ORLEANS--(BUSINESS WIRE)--Dec. 4, 2003--BWX Technologies Inc. ("BWXT"), a subsidiary of McDermott International Inc. (NYSE:MDR), announced today the recent award of several major U.S. government contracts. The awards, valued in excess of $570 million, are for the manufacture of components in
11/21/03 J. Ray McDermott, S.A. Prices $200 Million of Senior Secured Notes Due 2013
NEW ORLEANS--(BUSINESS WIRE)--Nov. 21, 2003--McDermott International Inc. (NYSE:MDR) today announced that one of its subsidiaries, J. Ray McDermott, S.A. ("J. Ray"), agreed to pricing terms for $200 million of 11 percent senior secured notes due 2013.
11/19/03 McDermott to Present to the Financial Community in New York
NEW ORLEANS--(BUSINESS WIRE)--Nov. 19, 2003--McDermott International Inc. ("McDermott" or the "Company") (NYSE:MDR) will be holding its investor conference today in New York. Presenters from the Company will be: -- Bruce Wilkinson, Chairman of the Board and Chief Executive Officer, -- Frank Kalman,
11/10/03 J. Ray McDermott, S.A. to Offer $200 Million of Senior Secured Notes Due 2013
NEW ORLEANS--(BUSINESS WIRE)--Nov. 10, 2003--McDermott International Inc. (NYSE:MDR) today announced that one of its subsidiaries, J. Ray McDermott, S.A. ("JRM"), intends to offer, subject to market conditions and other factors, $200 million of its senior secured notes due 2013.
11/05/03 McDermott Reports Third Quarter 2003 Income from Continuing Operations of $10.1 Million, $0.15 Per Diluted Share
NEW ORLEANS--(BUSINESS WIRE)--Nov. 4, 2003-- Includes after-tax B&W settlement revaluation benefit of $8.2 million McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") today reported income from continuing operations of $10.1 million, or 15 cents per diluted share, for the
10/16/03 McDermott Announces Upcoming Events
NEW ORLEANS--(BUSINESS WIRE)--Oct. 16, 2003--McDermott International Inc. (NYSE:MDR) (the "Company") announced today a calendar of upcoming events. The Company expects to release its financial results for the quarter ended Sept. 30, 2003 on Nov. 4, 2003 after the close of trading on the New York
09/22/03 J. Ray McDermott Completes Sale of Menck GmbH
HOUSTON--(BUSINESS WIRE)--Sept. 22, 2003--J. Ray McDermott, S.A. ("J.Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermottt"), announced today that it has completed the sale of Menck GmbH ("Menck") to the UWG Group. Terms of the sale were not disclosed, but the divestiture of
09/10/03 J. Ray McDermott Completes Deepwater Medusa Spar Project
HOUSTON--(BUSINESS WIRE)--Sept. 10, 2003--J. Ray McDermott, S.A. ("J. Ray" or the "Company"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermott"), announced today that it has completed the Medusa Spar Project, the first Spar platform in the world delivered on a full scope
09/09/03 McDermott International Names Jay Roueche as Director of Investor Relations and Communications
NEW ORLEANS, Sep 9, 2003 (BUSINESS WIRE) -- McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that John E. ("Jay") Roueche, III has joined the Company as director of Investor Relations and Communications. He replaces Gay Stanley Mayeux who has become vice
08/28/03 Gay Stanley Mayeux Named Vice President, Controller of J. Ray McDermott
HOUSTON--(BUSINESS WIRE)--Aug. 28, 2003--J. Ray McDermott, S.A. ("J. Ray") announced today that Gay Stanley Mayeux was named vice president, controller effective Sept. 1, 2003. Mayeux has spent most of her 28-year career in financial management positions, primarily with international energy
08/27/03 McDermott's Lehman Brothers CEO Energy/Power Conference Presentation
NEW ORLEANS--(BUSINESS WIRE)--Aug. 27, 2003--McDermott International Inc. (NYSE:MDR) will make a presentation at the Lehman Brothers CEO Energy/Power Conference in New York on Sept. 2, 2003. Bruce Wilkinson, chairman of the board and chief executive officer of McDermott, will provide an overview of
08/11/03 McDermott Announces Second Quarter Net Loss of $59.9 Million, or $0.94 Loss per Diluted Share, Including B&W Revaluation Costs of $40 Million and Project Loss of $39.9 Million
NEW ORLEANS, Aug 11, 2003 (BUSINESS WIRE) -- McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") today announced a loss from continuing operations of $60.5 million, or $0.95 loss per diluted share, for the 2003 second quarter compared to a loss from continuing operations of
08/04/03 D. Bradley `Brad' McWilliams Appointed to McDermott International Inc.'s Board of Directors
NEW ORLEANS--(BUSINESS WIRE)--Aug. 4, 2003--McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that Brad McWilliams has been appointed to McDermott's board of directors. He will be a member of the audit committee and the compensation committee.
07/21/03 McDermott Sets Date for Second Quarter 2003 Earnings Release and Conference Call
NEW ORLEANS--(BUSINESS WIRE)--July 21, 2003--McDermott International, Inc. (NYSE:MDR) (the "Company") expects to announce its financial results for the quarter ended June 30, 2003 on August 11, 2003 after the close of trading on the New York Stock Exchange.
07/18/03 J. Ray McDermott to Install Shah Deniz Subsea Pipelines
HOUSTON--(BUSINESS WIRE)--July 18, 2003--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermottt"), announced today that one of its subsidiaries has recently been awarded a pipelay contract by BP Shah Deniz Exploration Ltd.
07/15/03 J. Ray McDermott Signs Contract for Arabian Gulf Project
HOUSTON--(BUSINESS WIRE)--July 15, 2003--J. Ray McDermott, S.A. ("J.Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermottt"), announced today that it has recently been awarded a subcontract for work on Qatar Petroleum's ("QP") PS-2 and the PS-3 complex (the "complexes") in the
06/19/03 J. Ray McDermott Encounters Weather-related Problems on Argentina Project
NEW ORLEANS--(BUSINESS WIRE)--June 19, 2003--J. Ray McDermott, S.A. ("J. Ray" or the "Company"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermott"), recently encountered weather-related problems on a pipelay project off the coast of southern Argentina (the "project").
06/02/03 McDermott's Credit Lyonnais Conference Presentation
NEW ORLEANS--(BUSINESS WIRE)--June 2, 2003--McDermott International Inc. (NYSE:MDR)(the "Company") will make a presentation at the Credit Lyonnais 3rd Annual Global Energy Investor Conference on June 3, 2003. The presentation will be available on the Company's Web site at www.mcdermott.com at 10:00
05/29/03 J. Ray McDermott Awarded Contracts from Shell for Habanero and Llano Projects
HOUSTON--(BUSINESS WIRE)--May 29, 2003--J. Ray McDermott, S.A. ("J.Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermottt"), announced today that Shell has awarded two contracts for the installation of pipe-in-pipe subsea flowlines for the Habanero and the Llano projects, both
05/27/03 J. Ray McDermott Successfully Completes Dual Lift of Medusa Topsides
HOUSTON--(BUSINESS WIRE)--May 27, 2003--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR)("McDermott"), announced today that it has successfully installed the 5,390 short ton topsides on the Medusa spar hull. The Medusa spar hull is currently moored in over
05/21/03 William L. Soester Named Vice President, Engineering for J. Ray McDermott
HOUSTON--(BUSINESS WIRE)--May 21, 2003--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR)("McDermott"), announced today that William L. (Bill) Soester, age 53, was named vice president, Engineering for J. Ray effective May 12, 2003.
05/13/03 McDermott's Investor Presentation
NEW ORLEANS--(BUSINESS WIRE)--May 13, 2003--McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") will make a presentation reviewing its first quarter operations and earnings this afternoon. The presentation will be available on the Company's Web site at www.mcdermott.com on May
05/06/03 McDermott Announces Results For The 2003 First Quarter and Increases Guidance for 2003
EPS of $0.55 per diluted share EPS before cumulative effect of an accounting change of $0.49 per diluted share Non-GAAP EPS of $0.13 per diluted share NEW ORLEANS--(BUSINESS WIRE)--May 6, 2003-- McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported income before
04/30/03 McDermott Sets Date for Earnings Release and Conference Call
NEW ORLEANS--(BUSINESS WIRE)--April 30, 2003--McDermott International, Inc. (NYSE:MDR) (the "Company") expects to announce its financial results for the quarter ended March 31, 2002 on May 6, 2003 after the close of trading on the New York Stock Exchange.
04/24/03 J. Ray McDermott Signs Contract with ExxonMobil Middle East Gas Marketing, Ltd.
HOUSTON--(BUSINESS WIRE)--April 24, 2003--J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermott"), announced today that it has signed a contract with ExxonMobil Middle East Gas Marketing, Ltd. to fabricate and install a 2,100-ton wellhead deck and a
04/22/03 Kurt S. Nelson Named Senior Vice President of J. Ray McDermott
NEW ORLEANS, Apr 22, 2003 (BUSINESS WIRE) -- J. Ray McDermott, S.A. ("J. Ray" or "the Company"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermott"), announced today that Kurt S. Nelson, age 54, was named Senior Vice President, Sales, Marketing and Strategic Planning for J.
04/11/03 McDermott Sets Date for Earnings Release and Conference Call
NEW ORLEANS, Apr 11, 2003 (BUSINESS WIRE) -- McDermott International Inc. (NYSE:MDR) (the "Company") expects to announce its financial results for the quarter ended March 31, 2003 on May 6, 2003 after the close of trading on the New York Stock Exchange. A conference call is scheduled for 4:00 p.m.
04/01/03 McDermott and Institutional InvestorsAgree on Expatriate Review Process
SACRAMENTO, Calif., Apr 1, 2003 (BUSINESS WIRE) -- McDermott International, Inc. ("McDermott"), the American Federation of State, County and Municipal Employees ("AFSCME") Pension Plan and the California Public Employees' Retirement System ("CalPERS") today jointly announced they will work together
03/25/03 McDermott Announces 2002 Results for the Fourth Quarter and the Full Year and Reaffirms Guidance for 2003
HOUSTON, Mar 24, 2003 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) ("McDermott" or the "Company") today reported a net loss of $184.5 million, or $2.94 loss per diluted share, on revenues of $448.1 million for the fourth quarter of 2002, compared to a net loss of $42.9 million, or
02/27/03 Multimedia Available: Robert A. `Bob' Deason Named President and Chief Operating Officer of J. Ray McDermott
Feb 27, 2003 (BUSINESS WIRE) -- J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermott"), announced on Feb. 27, 2003, that Robert A. "Bob" Deason, age 57, was named President and Chief Operating Officer of J. Ray effective March 1, 2003.
02/27/03 Robert A. `Bob' Deason Named President and Chief Operating Officer of J. Ray McDermott
HOUSTON, Feb 27, 2003 (BUSINESS WIRE) -- J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermott"), announced today that Robert A. "Bob" Deason, age 57, was named president and chief operating officer of J. Ray effective March 1, 2003.
02/21/03 McDermott Announces Bankruptcy Court Approval of Extension of The Babcock & Wilcox Subsidiary's DIP Financing
NEW ORLEANS, Feb 21, 2003 (BUSINESS WIRE) -- McDermott International Inc. (NYSE:MDR) ("McDermott") announced today that the U.S. Bankruptcy Court for the Eastern Division of Louisiana has approved the sixth amendment to the debtor-in-possession ("DIP") financing between The Babcock & Wilcox Company
02/18/03 McDermott Sets Date for Earnings Release and Conference Call
NEW ORLEANS, Feb 18, 2003 (BUSINESS WIRE) -- McDermott International Inc. (NYSE:MDR) (the "Company") expects to announce its financial results for the quarter ended Dec. 31, 2002 on March 24, 2003 after the close of trading on the New York Stock Exchange.
02/17/03 J. Ray McDermott Receives Commitment to Commence Topsides Fabrication for BP's Atlantis Development Project in the Gulf of Mexico
NEW ORLEANS, Feb 17, 2003 (BUSINESS WIRE) -- J. Ray McDermott, S.A. ("J. Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermott"), announced today that it received a commitment from BP to begin fabrication of the Atlantis topsides.
02/11/03 McDermott Announces Refinancing of its Credit Facilities and Early Redemption of McDermott Incorporated Series `A' Medium Term Notes
NEW ORLEANS, Feb 11, 2003 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that it has entered into definitive agreements with its existing lenders providing for a new credit facility ("Credit Facility") to replace its existing J.
01/28/03 DynMcDermott Petroleum Operations Awarded New Contract To Manage and Operate Strategic Petroleum Reserve
NEW ORLEANS, Jan. 28 /PRNewswire/ -- DynMcDermott Petroleum Operations was awarded a new five-year contract by the United States Department of Energy (DOE) to manage and operate the Strategic Petroleum Reserve (SPR). The SPR is the government's emergency crude oil stockpile that is stored in
12/19/02 McDermott Announces Filing of Substantially Complete Consensual Plan of Reorganization and Settlement Agreement in B&W Bankruptcy Proceedings
NEW ORLEANS--(BUSINESS WIRE)--Dec. 19, 2002--McDermott International Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that the Company, together with the Asbestos Claimants' Committee ("ACC") and the Legal Representative for Future Asbestos-Related Claimants ("FCR"), has filed a
12/11/02 Babcock & Wilcox Canada Wins $280 Million Contract for Coleson Cove
CAMBRIDGE, ON--(BUSINESS WIRE)--Dec. 11, 2002--Babcock & Wilcox Canada Ltd. ("B&W Canada"), a wholly owned subsidiary of The Babcock & Wilcox Company ("B&W"), has been awarded a contract valued in excess of $280 million (CDN) as part of the refurbishment of NB Power's Coleson Cove Generating
11/14/02 McDermott's RBC Capital Markets North American Energy Conference Presentation
RBC Capital Markets North American Energy Conference NEW ORLEANS--(BUSINESS WIRE)--Nov. 14, 2002--The McDermott International Inc. (NYSE:MDR) presentation made yesterday at the RBC Capital Markets North American Energy Conference 2002 is available on the Company's Web site at
11/07/02 McDermott Announces 2002 Third Quarter Results and Guidance for 2003
NEW ORLEANS--(BUSINESS WIRE)--Nov. 6, 2002--McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") today reported a net loss of $357.1 million, or $5.76 loss per diluted share, for the quarter ended September 30, 2002, compared to net income of $19.3 million, or $0.31 income per
10/28/02 McDermott International Sets Date for Earnings Release and Conference Call
NEW ORLEANS, Oct 28, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) said today it expects to announce its financial results for the quarter ended September 30, 2002, on November 6, 2002, after the close of trading on the New York Stock Exchange.
10/15/02 J. Ray McDermott Signs Contract with AIOC for Caspian Construction
NEW ORLEANS, Oct 15, 2002 (BUSINESS WIRE) -- McDermott Caspian Contractors, Inc. (MCCI), the Caspian operating subsidiary of J. Ray McDermott, S.A. (J. Ray), a subsidiary of McDermott International, Inc. (NYSE:MDR), announced today that it has signed contracts with the Azerbaijan International
10/03/02 McDermott Revises 2002 Earnings Outlook and Sets Date for Third Quarter Earnings Release and Conference Call
NEW ORLEANS--(BUSINESS WIRE)--Oct. 3, 2002--McDermott International, Inc. (NYSE:MDR) ("McDermott") expects to report a loss for the quarter ended September 30, 2002 of approximately $0.71 per diluted share, due primarily to additional cost overruns, schedule delays and higher than expected
09/16/02 McDermott Announces Allen Womack, President and COO of BWXT, Will Retire Effective December 31, 2002 and Names John Fees As His Replacement
NEW ORLEANS, Sep 16, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that Allen Womack, President and Chief Operating Officer, BWX Technologies, Inc. ("BWXT") will retire from his position effective December 31, 2002. John A.
09/05/02 McDermott's Lehman Brothers CEO Energy/Power Conference Presentation
NEW ORLEANS, Sep 5, 2002 (BUSINESS WIRE) -- The McDermott International, Inc. (NYSE:MDR) presentation made today at the Lehman Brothers CEO Energy/Power Conference is available on the company's website at http://www.mcdermott.com. McDermott International, Inc.
09/03/02 McDermott Announces James R. Easter Appointed Vice President Finance and Treasurer
NEW ORLEANS, Sep 3, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that James R. Easter has been appointed as Vice President Finance and Treasurer effective September 1, 2002, replacing Robert A. Jolliff who will dedicate his full time and attention to the treasury
08/21/02 J. Ray McDermott Wins Installation Contract for Subsea Development from BP
MORGAN CITY, La.--(BUSINESS WIRE)--Aug. 21, 2002--J. Ray McDermott, Inc. (NYSE:MDR) announced today that it has received a contract from BP valued at approximately $15 million for the installation of the Aspen Subsea Development project. Aspen is located at Green Canyon Block 243 in approximately
08/08/02 McDermott International, Inc. Announces 2002 Second Quarter Results and Revised 2002 Guidance and Developments in Negotiations Relating to B&W Chapter 11 Proceedings
NEW ORLEANS, Aug 7, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) ("McDermott" or "the Company") today reported a net loss of $234.2 million, or $3.80 loss per diluted share, for the second quarter of 2002, compared to net income of $8.0 million, or $0.13 income per diluted
07/25/02 McDermott International Sets Date for Earnings Release and Conference Call
NEW ORLEANS, Jul 25, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) said today it expects to announce its financial results for the quarter ended June 30, 2002, on August 8, 2002, before the opening of trading on the New York Stock Exchange.
07/10/02 McDermott Completes Sale of Hudson Products Corporation
NEW ORLEANS, Jul 10, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) announces that its wholly-owned subsidiary, Babcock & Wilcox Investment Company, has completed the sale of Hudson Products Corporation ("HPC") to Hudson Parent Corporation, an affiliate of Chicago-based Madison
06/25/02 McDermott Announces Revised Earnings Guidance and Management Changes at J. Ray McDermott, S.A.
NEW ORLEANS, Jun 25, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) is issuing earnings guidance for the quarter ending June 30, 2002 and revising its guidance for the full year of 2002. Earnings per share for the quarter ended June 30, 2002, are expected to be a loss of
06/24/02 McDermott Extends Lease At CNG Tower
NEW ORLEANS, Jun 24, 2002 (BUSINESS WIRE) -- McDermott Incorporated, a subsidiary of McDermott International, Inc. (NYSE:MDR), has extended its lease in the CNG Tower at 1450 Poydras Street through June 2008, the company announced today. "The extension of our lease at the CNG Tower underscores our
06/06/02 Babcock & Wilcox Awarded US$105 Million Construction Project
BARBERTON, Ohio, Jun 6, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) announces that Babcock & Wilcox Construction Co., Inc., a subsidiary of The Babcock & Wilcox Company (B&W), has been awarded a contract to erect nitrogen oxide (NOx) reduction equipment at two power stations in
06/05/02 McDermott's Credit Lyonnais Oil Services Conference Presentation
NEW ORLEANS--(BUSINESS WIRE)--June 5, 2002--The McDermott International, Inc. (NYSE:MDR) presentation made today at the Credit Lyonnais Oil Services Conference is available on the company's website at http://www.mcdermott.com. McDermott International, Inc.
05/15/02 J. Ray McDermott Prepares for Turnkey Project Offshore India
DUBAI, United Arab Emirates, May 15, 2002 (BUSINESS WIRE) -- J. Ray McDermott Middle East, Inc., a subsidiary of J. Ray McDermott, S.A., has begun preparations for a turnkey project for supply of wellhead platforms and submarine pipelines, offshore India.
05/09/02 Taft Sees High-Tech Fuel Cell Operation in Action
ALLIANCE, Ohio, May 9, 2002 (BUSINESS WIRE) -- Governor Bob Taft glimpsed the future today as he visited McDermott Technology, Inc., the site of Ohio's largest fuel cell research program with the largest number of operating fuel cells. Taft's visit to MTI underscored his plans to launch his Third
05/08/02 Babcock & Wilcox Names Reimels President, B&W Canada
BARBERTON, Ohio, May 8, 2002 (BUSINESS WIRE) -- The Babcock & Wilcox Company (B&W) announced that Richard E. (Rich) Reimels has been named president, B&W Canada, replacing Paul Koenderman who announced his retirement after more than 30 years of service with the company.
04/30/02 McDermott International, Inc. Reports March 2002 Quarter Results
Click here for printer-friendly format (PDF) NEW ORLEANS, Apr 30, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) today reported a net loss of $.6 million or a $.01 per share loss (basic and diluted) for the first quarter of 2002, compared to a net loss of $4.4 million or $.07 per
04/18/02 McDermott International Sets Date for Earnings Release and Conference Call
NEW ORLEANS, Apr 18, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) said today it expects to announce its financial results for the quarter ended March 31, 2002, on April 30, 2002, before the opening of trading on the New York Stock Exchange.
04/10/02 McDermott's Howard Weil Energy Conference Presentation
NEW ORLEANS, Apr 10, 2002 (BUSINESS WIRE) -- The McDermott International, Inc. (NYSE: MDR) presentation made today at the Howard Weil Energy Conference is available on the company's website at http://www.mcdermott.com. McDermott International, Inc. is a leading worldwide energy services company.
03/20/02 Court Dismisses All Claims Regarding Babcock & Wilcox Asset Transfers
NEW ORLEANS--(BUSINESS WIRE)--March 20, 2002--Today, at a hearing in the United States Bankruptcy Court for the Eastern District of Louisiana, Judge Jerry A. Brown granted a summary judgment motion filed by the defendants dismissing all claims asserted in complaints filed by the Asbestos Claimants
03/18/02 McDermott Incorporated Completes Repayment of 9 3/8% Notes
NEW ORLEANS, Mar 18, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) announced today that its subsidiary, McDermott Incorporated, repaid on the due date the remaining $196.1 million outstanding principal amount, plus interest of $9.2 million, of its 9 3/8% public notes due March
03/04/02 Diamond Power Acquires Automatic Port Rodder Cleaning Company in Sweden
LANCASTER, Ohio--(BUSINESS WIRE)--March 4, 2002--Diamond Superior AB, Sollentuna, Sweden, a subsidiary of Diamond Power International Inc. (DPII), a leader in advanced boiler cleaning technology, has announced its 100 percent acquisition of LT-Produkter Skutskar AB, an automatic port rodder
02/11/02 McDermott International, Inc. Reports Earnings for Fourth Quarter and 2001 Year
NEW ORLEANS, Feb 11, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) Earnings before non-operating items were $0.26 and $0.64 per share for quarter and year Net loss of $0.71 and $0.33 per share for quarter and year, including non-operating items of $0.97 per share, Better results
02/11/02 McDermott Names Frank Kalman Chief Financial Officer
NEW ORLEANS, Feb 11, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that its board of directors has elected Francis (Frank) S. Kalman, Executive Vice President and Chief Financial Officer, replacing Bruce F. Longaker, Jr., who has submitted his resignation,
02/09/02 McDermott International Corrects Judge Brown's Quote; ``...Louisiana revocatory action on...'' sted ``...Louisiana revocatory on...''
Feb 08, 2002 (BUSINESS WIRE) -- In BW2366, (LA-MCDERMOTT-INTL) Judge Brown's quote, second graph, second line should read xxx Louisiana revocatory action on (sted xxx Louisiana revocatory on). CONTACT: McDermott International Inc., New Orleans Don Washington 504/587-4080 dwwashington@mcdermott.com
02/08/02 Court Rules B&W Was Solvent at Time of July 1998 Transfers
NEW ORLEANS, Feb 8, 2002 (BUSINESS WIRE) -- In a ruling filed today in the U.S. Bankruptcy Court for the Eastern District of Louisiana, Judge Jerry A. Brown found The Babcock & Wilcox Company (B&W), a unit of McDermott International, Inc. (NYSE:MDR), was solvent at the time certain assets were
02/05/02 McDermott International Reschedules Earnings Release and Conference Call
Click here for release in printer-friendly format (PDF) NEW ORLEANS--(BUSINESS WIRE)--Feb. 5, 2002--McDermott International, Inc. (NYSE:MDR) has rescheduled the release of its financial results for the quarter and year ended December 31, 2001, to February 11, 2002, before the opening of trading on
01/28/02 McDermott International Sets Date for Earnings Release and Conference Call
Click here for release in printer-friendly format (PDF) NEW ORLEANS, Jan 28, 2002 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) said today it expects to announce its financial results for the quarter and year ended December 31, 2001, on February 14, 2002, before the opening of trading
01/09/02 Judge Rules for B&W and McDermott Regarding Insurance for Asbestos Claims
Click here for release in printer-friendly format (PDF) NEW ORLEANS, Jan 9, 2002 (BUSINESS WIRE) -- In a ruling issued January 4, 2002, Judge Sarah S. Vance of the U.S. District Court for the Eastern District of Louisiana granted Babcock & Wilcox's and McDermott International, Inc.'s (NYSE: MDR)
12/10/01 Babcock & Wilcox Wins U.S. $37 Million Environmental Contract from Dominion Generation
BARBERTON, Ohio, Dec 10, 2001 (BUSINESS WIRE) -- The Babcock & Wilcox Company (B&W), a unit of McDermott International, Inc. (NYSE:MDR), has been awarded a contract to engineer, procure the materials for and construct an environmental system to reduce nitrogen oxide (NOx) from Dominion Generation's
12/05/01 J. Ray McDermott Signs Contract with AIOC for Caspian Construction
NEW ORLEANS, Dec 5, 2001 (BUSINESS WIRE) -- McDermott Caspian Contractors Inc. (MCCI), the Caspian arm of J. Ray McDermott, S.A., a subsidiary of McDermott International, Inc. (NYSE: MDR), has signed contracts with AIOC for the fabrication of platform topsides and the installation of offshore
12/03/01 J. Ray McDermott Wins EPCI Contract for Argentine Offshore Field Development
NEW ORLEANS, Dec 3, 2001 (BUSINESS WIRE) -- J. Ray McDermott, S.A., a subsidiary of McDermott International, Inc. (NYSE:MDR), announced today that certain of its subsidiaries have been awarded contracts by Total Austral S.A., a subsidiary of TotalFinaElf S.A.
11/05/01 McDermott International, Inc. Reports $0.31 EPS Diluted for Third Quarter of 2001
NEW ORLEANS--(BUSINESS WIRE)--Nov. 5, 2001--McDermott International, Inc. (NYSE:MDR) Net income was $19.3 million, compared with $5.6 million a year ago Marine construction volume increase drives earnings improvement Continued earnings growth expected into 2002, based on current backlog and
10/31/01 McDermott Completes Sale of Onshore Engineering and Construction Operations
NEW ORLEANS, Oct 31, 2001 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that Jacobs Engineering Group Inc. (NYSE:JEC) has finalized the acquisition of McDermott Engineers & Constructors (Canada) Limited, including Delta Catalytic, and Delta Hudson Engineering.
10/17/01 McDermott International Adopts Shareholder Rights Plan
NEW ORLEANS--(BUSINESS WIRE)--Oct. 17, 2001--McDermott International, Inc. (NYSE:MDR) announced today that its Board of Directors has adopted a Rights Plan designed to protect McDermott's stockholders from coercive or unfair takeover techniques. Terms of the Rights Plan provide for a dividend
10/08/01 McDermott International Sets Date for Third Quarter Earnings Release and Conference Call
NEW ORLEANS, Oct 8, 2001 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE: MDR) said today it expects to announce its financial results for the September, 2001 quarter on November 5, 2001, before the opening of trading on the New York Stock Exchange.
09/06/01 McDermott's Lehman Brothers Presentation
NEW ORLEANS, Sep 6, 2001 (BUSINESS WIRE) -- The McDermott International, Inc. (NYSE: MDR) presentation made yesterday at the Lehman Brothers CEO Energy Conference is available on the company's website at http://www.mcdermott.com. Remarks during the presentation by Bruce Wilkinson, Chairman of the
08/23/01 Jacobs Signs Letter of Intent to Acquire McDermott International's Onshore Engineering and Construction Operations
NEW ORLEANS, Aug 22, 2001 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that Jacobs Engineering Group Inc. (NYSE:JEC) has signed a letter of intent for the acquisition of McDermott Engineers & Constructors (Canada) Limited, including Delta Catalytic, and Delta Hudson
07/30/01 Diamond Power Acquires Diamond Electronics, Inc.'s Industrial Camera Business
LANCASTER, Ohio--(BUSINESS WIRE)--July 30, 2001--Diamond Power International, Inc. has acquired Diamond Electronics, Inc.'s Industrial Camera business, an Ultrak, Inc. (Nasdaq:ULTK) company. Diamond Electronics, currently located in Carroll, Ohio, is recognized worldwide as a leading supplier of
07/26/01 McDermott International Reports June Quarter Earnings of $0.13 a Share
NEW ORLEANS--(BUSINESS WIRE)--July 26, 2001--McDermott International, Inc. (NYSE:MDR) today reported net income of $8.0 million, or $0.13 a diluted share, on revenues of $495.8 million for the second quarter of 2001. In the comparable period last year, the company reported a net loss of $10.0
06/25/01 Kathryn Sullivan Leaves McDermott International's Board of Directors
NEW ORLEANS, Jun 25, 2001 (BUSINESS WIRE) -- McDermott International, Inc. (NYSE:MDR) announced today that Kathryn D. Sullivan has resigned from the Company's Board of Directors. Sullivan, who is president and chief executive officer of the Ohio Center for Science and Industry, said she resigned
06/21/01 J. Ray McDermott Wins Contract For Deepwater Spar Project From Dominion Exploration and Production, Inc.; Devils Tower Spar Will Be World's Deepest Dry-Tree Platform
NEW ORLEANS--(BUSINESS WIRE)--June 21, 2001--McDermott International, Inc. (NYSE:MDR) announced today that SparTEC, Inc., a subsidiary of J. Ray McDermott, received a turnkey engineer-procure-construct-install contract, valued at approximately $200 million dollars, to provide a spar platform for
05/03/01 McDermott International, Inc. Announces March 2001 Quarter Results
NEW ORLEANS--(BUSINESS WIRE)--May 3, 2001-- Operating Performance Improves as Marine Markets Show Signs of Recovery; J. Ray McDermott Backlog Up Nearly 50% Since December McDermott International, Inc. (NYSE:MDR) today reported revenues of $432.7 million and operating income of $6.0 million for the
04/20/01 McDermott International, Inc. Announces Developments Relating to Babcock & Wilcox Chapter 11 Reorganization
NEW ORLEANS--(BUSINESS WIRE)--April 20, 2001--McDermott International, Inc. (NYSE:MDR) announced today the following developments relating to the Chapter 11 reorganization of The Babcock & Wilcox Company. By agreement of all parties, the U.S. Bankruptcy Court for the Eastern District of Louisiana
03/31/01 Babcock & Wilcox Announces Executive Appointments
BARBERTON, Ohio--(BUSINESS WIRE)--March 30, 2001--Babcock & Wilcox (B&W) announces the following personnel appointments: David L. Keller is named executive vice president of The Babcock & Wilcox Company (B&W). He replaces James F. Wood, who resigned as president.
03/12/01 James F. Wood Resigns as President of Babcock & Wilcox; Dave Keller Named Executive Vice-President of B&W
NEW ORLEANS--(BUSINESS WIRE)--March 12, 2001--James F. Wood has resigned as president of The Babcock & Wilcox Company (B&W), a unit of McDermott International, Inc. (NYSE:MDR), announced Bruce W. Wilkinson, chairman of the board and chief executive officer of McDermott International, Inc.
03/06/01 J. Ray McDermott, Inc. Awarded EPCI Contract for Murphy Oil Deepwater Spar Project in the Gulf of Mexico
HOUSTON--(BUSINESS WIRE)--March 6, 2001--J. Ray McDermott, Inc., a subsidiary of McDermott International, Inc. (NYSE:MDR), has been awarded a turnkey engineer-procure-construct-install contract to provide a spar platform for the Medusa Field Development Project, a deepwater development for Murphy
02/23/01 McDermott International, Inc. Conference Call Replay Numbers
NEW ORLEANS--(BUSINESS WIRE)--Feb. 23, 2001--A replay of the quarterly earnings conference call for McDermott International, Inc. (NYSE:MDR) is available in the U.S. by dialing 800/475-6701. The Access Code is 568243. Outside the U.S., dial 320/365-3844.
02/23/01 McDermott International Reports Fourth Quarter and Year-End Earnings for December 2000
NEW ORLEANS--(BUSINESS WIRE)--Feb. 23, 2001--McDermott International, Inc. (NYSE: MDR), today reported a net loss of $25.5 million, or $0.42 a diluted share, for the fourth quarter of 2000. The loss includes $9.3 million in corporate restructuring and related charges and $14.0 million in charges
02/12/01 McDermott International, Inc. to Hold Quarterly Conference Call
McDermott International, Inc. (NYSE:MDR) plans to hold a conference call on Friday, February 23, at 9 a.m. CST, 10 a.m. EST, to discuss its financial results for the quarter ended December 31, 2000. The company expects to release the results on the same day, before the market opens.
02/12/01 J. Ray McDermott, S.A. Completes Installation of Pipeline System in West Natuna Sea Ahead of Schedule
FOR IMMEDIATE RELEASEDubai, U.A.E. -- February 12, 2001 01-07J. Ray McDermott, S.A. Completes Installation of Pipeline System in West Natuna Sea Ahead of ScheduleJ. Ray McDermott, S. A., a subsidiary of McDermott International, Inc. (NYSE:MDR), recently completed installation of a 416-mile subsea
02/06/01 J. Ray McDermott Middle East, Inc. Begins Work on Shell Project
J. Ray McDermott Middle East, Inc., a subsidiary of J. Ray McDermott, S.A., announced today that construction has begun at its Jebel Ali fabrication yard on three wellhead decks that will be part of the Shell EA Development project located off the coast of Nigeria.
01/25/01 Mentor Subsea Technology Services, Inc. and International Submarine Engineering Ltd. to Develop Unmanned Semi-submersible System for Deploying Remote Operated Vessels
HOUSTON--(BUSINESS WIRE)--Jan. 25, 2001-- SAILARS(TM) Can Provide Cost-Effective Method for Subsea Intervention Mentor Subsea Technology Services, Inc. (Mentor), a subsidiary of J. Ray McDermott, S.A., and International Submarine Engineering Ltd. (I.S.E.), today announced plans to develop a
01/23/01 J. Ray McDermott and Bay Ltd. Begin Strategic Alliance at Harbor Island Facility
HOUSTON--(BUSINESS WIRE)--Jan. 23, 2001--J. Ray McDermott, Inc., a subsidiary of McDermott International, Inc. (NYSE:MDR), and Bay Ltd. have formed a strategic alliance to pursue fabrication projects in the offshore oil and gas industry, using McDermott's Harbor Island facility near Corpus Christi,
01/22/01 Babcock & Wilcox Awarded $100 Million Contract to Build New Coal-Fired Power Plant in Wyoming
BARBERTON, Ohio--(BUSINESS WIRE)--Jan. 22, 2001--The Babcock & Wilcox Company, a subsidiary of McDermott International, Inc. (NYSE:MDR), has been awarded a contract valued in excess of $100 million by a subsidiary in the Independent Energy Group of Black Hills Corporation (NYSE:BKH), to engineer,
01/15/01 McDermott International, Inc. Announces Danny Gaubert's Retirement; Bruce Longaker Named Chief Financial Officer
NEW ORLEANS--(BUSINESS WIRE)--Jan. 15, 2001-- McDermott International, Inc. (NYSE:MDR) today announced that Daniel R. Gaubert, senior vice president and chief financial officer, will retire from the company, effective January 31, 2001. The company also said Bruce F.
12/20/00 J. Ray McDermott, S.A. Awarded Contract for Unocal Thailand's North Pailin Project
NEW ORLEANS--(BUSINESS WIRE)--Dec. 20, 2000--J. Ray McDermott, S.A., a subsidiary of McDermott International, Inc. (NYSE:MDR), has been awarded a contract by Unocal Thailand, Ltd., for fabrication, transportation, installation, hook-up and pre-commissioning of the North Pailin Development Project
12/19/00 Babcock & Wilcox To Conduct Testing of Mercury Removal Technology At Coal-Fired Power Plants
BARBERTON, Ohio--(BUSINESS WIRE)--Dec. 19, 2000--The Babcock & Wilcox Company (B&W), a subsidiary of McDermott International, Inc. (NYSE:MDR), has completed agreements with host utilities to test its Advanced Mercury Removal Technology at two coal-fired power plants.
12/13/00 J. Ray McDermott Completes Pipeline Installation for Shell's Brutus Project in the Deepwater Gulf of Mexico
MORGAN CITY, La.--(BUSINESS WIRE)--Dec. 13, 2000--J. Ray McDermott, a subsidiary of McDermott International, Inc. (NYSE:MDR), recently completed the installation of oil and natural gas pipelines for the Brutus project in the deepwater Gulf of Mexico. Owned by Shell Exploration & Production Company,
12/06/00 Ronald C. Cambre Elected to McDermott International, Inc.'s Board of Directors
NEW ORLEANS--(BUSINESS WIRE)--Dec. 6, 2000--McDermott International, Inc. (NYSE:MDR) announced today that Ronald C. Cambre, chairman of the board of Denver-based Newmont Mining Corporation, and a native New Orleanian, has been elected to the company's board of directors.
11/20/00 J. Ray McDermott Signs Exclusive Agreement to Fabricate Topsides for Four BP Deepwater Projects in Gulf of Mexico
Projects to Create 400-500 New Jobs for Morgan City Area J. Ray McDermott, S.A., a subsidiary of McDermott International, Inc. (NYSE:MDR), has signed a letter of intent to fabricate the topsides for four major BP deepwater projects in the Gulf of Mexico. The agreement gives BP exclusive use of J.
11/06/00 J. Ray McDermott Prepares To Reactivate Harbor Island Fabrication Yard
Construction Jobs for 250 Workers Houston, TX -- J. Ray McDermott, S.A., a subsidiary of McDermott International, Inc. (NYSE: MDR), has begun preparations to reactivate its Harbor Island fabrication facility in anticipation of increased activities in the marine construction industry.
11/01/00 McDermott International Reports Results for September Quarter
Click here for a printer-friendly version (.pdf) NEW ORLEANS--(BUSINESS WIRE)--Nov. 1, 2000--McDermott International, Inc. (NYSE:MDR) Net income of $5.6 million, or $0.09 a share, diluted Operating income of $9.0 million, including $5.7 million in income from investees Marine construction backlog
10/11/00 Babcock & Wilcox Wins U.S. $2 Million Package Boiler Contract
BARBERTON, Ohio--(BUSINESS WIRE)--Oct. 11, 2000--The Babcock & Wilcox Company (B&W), a subsidiary of McDermott International, Inc. (NYSE:MDR), has been awarded an order valued at approximately U.S. $2 million from Cerveceria Polar, "Polar Brewery," to supply a high-pressure FM boiler and associated
10/09/00 J. Ray McDermott Awarded Bayu-Undan Contracts
NEW ORLEANS--(BUSINESS WIRE)--Oct. 9, 2000--J. Ray McDermott, S. A., a subsidiary of McDermott International, Inc. (NYSE: MDR), has been awarded contracts by Phillips Petroleum (91-12) Pty Ltd to perform work on the Bayu-Undan gas recycle project in the Timor Sea.
10/06/00 J. Ray McDermott Completes Installation of Conger Project in the Deepwater Gulf of Mexico
Morgan City, LA - J. Ray McDermott, a subsidiary of McDermott International, Inc. (NYSE:MDR), has recently completed the installation of the Conger flowlines and subsea systems for the Conger partners, Amerada Hess (operator), Shell and Kerr-McGee. The flowlines and subsea system tie back the
10/04/00 McDermott International to Hold Quarterly Conference Call
NEW ORLEANS--(BUSINESS WIRE)--Oct. 4, 2000--McDermott International, Inc. (NYSE:MDR) plans to hold a conference call on Wednesday, November 1 at noon CST, 1 p.m. EST, to discuss its financial results for the quarter ended September 30, 2000. The company expects to release the results on the same
10/03/00 J. Ray McDermott Awarded Contracts for Kerr-McGee's 'Boomvang' Project in the Deepwater Gulf of Mexico
NEW ORLEANS--(BUSINESS WIRE)--Oct. 3, 2000--McDermott International, Inc. (NYSE:MDR) announced today that J. Ray McDermott and its subsidiary, Mentor Subsea Technology Services, have received contracts valued at approximately $65 million to perform work on the Boomvang project, a Gulf of Mexico
09/18/00 J. Ray McDermott Contracts With Saudi Aramco
DUBAI, September 18 – J. Ray McDermott Middle East, Inc., a unit of McDermott International, Inc. (NYSE: MDR), announced that it has recently contracted with Aramco Overseas Company (AOC) to fabricate and install additional platforms, production decks and pipelines for Saudi Aramco's Safaniya and
08/31/00 BWX Technologies Wins DOE Contract At Oak Ridge Y-12 Plant
LYNCHBURG, Va.--(BUSINESS WIRE)--Aug. 31, 2000--A joint venture led by BWX Technologies, Inc. (BWXT), a subsidiary of McDermott International, Inc. (NYSE:MDR), has been awarded a $2.5 billion contract by the U.S. Department of Energy (DOE) to oversee management and operations at the Y-12 Plant in
08/07/00 Babcock & Wilcox Wins $4.8 Million Low NOx Burner Order From Allegheny Energy
BARBERTON, Ohio--(BUSINESS WIRE)--Aug. 7, 2000--The Babcock & Wilcox Company (B&W), a subsidiary of McDermott International, Inc. (NYSE:MDR), has been awarded a $4.8 million order from Allegheny Energy Supply Co., LLC, the energy supply subsidiary of Allegheny Energy, Inc.
08/02/00 McDermott International Announces Election of Bruce Wilkinson as Chairman and CEO, June Quarter Results and Decision to Eliminate Dividend
NEW ORLEANS, La.--(BUSINESS WIRE)--Aug. 2, 2000--McDermott International, Inc. (NYSE:MDR) Wilkinson assumes Chairman and CEO responsibilities immediately Net loss of $10.0 million, or $0.17 a share, diluted, includes charges of $21.6 million for joint venture terminations Increased bidding activity
07/27/00 J. Ray McDermott Wins Offshore Trinidad Project from British Gas Trinidad and Tobago Ltd.
MORGAN CITY, La.--(BUSINESS WIRE)--July 27, 2000--McDermott International, Inc. (NYSE:MDR) announced today that its subsidiary, J. Ray McDermott, S.A., has contracted with British Gas Trinidad and Tobago Ltd. to design, fabricate and commission its Hibiscus project, an offshore drilling and natural
07/25/00 BWX Technologies Leads Team Awarded $1.5 Billion Contract To Manage and Operate the DOE's Pantex Facility
LYNCHBURG, Va.--(BUSINESS WIRE)--July 25, 2000--The U.S. Department of Energy (DOE) announced today that a team led by BWX Technologies, a unit of McDermott International, Inc. (NYSE:MDR), and including Honeywell and Bechtel National, has been awarded a $1.5 billion contract to manage and operate
07/05/00 Babcock & Wilcox Wins US $20 Million Boiler Project in Poland
BABERTON, Ohio--(BUSINESS WIRE)--July 5, 2000--The Babcock & Wilcox Company, a subsidiary of McDermott International, Inc., has signed an engineer-procure-construct contract with Fortum Engineering Ltd. of Finland, through its Fortum Engineering Polska Sp. z.o.o.
06/15/00 McDermott International, Inc. Purchases Business Units of the Ansaldo Volund Group
NEW ORLEANS--(BUSINESS WIRE)--June 15, 2000--McDermott International, Inc. has announced that its subsidiary, Babcock & Wilcox International Investments Co., Inc. (BWIIC), has purchased various business units of the Ansaldo Volund Group, a group of companies owned by Finmeccanica S.p.A. of Italy.
06/09/00 J. Ray McDermott, Inc. to Install Pipelines for Shell's Brutus Project
NEW ORLEANS--(BUSINESS WIRE)--June 9, 2000--J. Ray McDermott has been awarded a contract by Shell Deepwater Services on behalf of Equilon Pipeline Company LLC and Nemo Gas Gathering Company, to install hydrocarbon pipelines for Shell's Brutus TLP development in the Gulf of Mexico.
06/05/00 J. Ray McDermott Awarded Contracts for Kerr-McGee Deepwater Project in Gulf of Mexico
NEW ORLEANS--(BUSINESS WIRE)--June 5, 2000--McDermott International, Inc. (NYSE:MDR) announced today that J. Ray McDermott and its subsidiary, Mentor Subsea Technology Services, have received contracts on the spar platform that will comprise the nucleus of the Nansen project, a deepwater
05/23/00 Babcock & Wilcox Wins $27 Million Scrubber Order
BARBERTON, Ohio--(BUSINESS WIRE)--May 23, 2000--The Babcock & Wilcox Company, a subsidiary of McDermott International, Inc. (NYSE:MDR), has been awarded a $27 million contract by Utility Engineering Corporation to supply to Public Service Co. of Colorado environmental control equipment for the
05/02/00 McDermott International, Inc. Announces Quarterly Dividend
NEW ORLEANS--(BUSINESS WIRE)--May 2, 2000--McDermott International, Inc., announced today the Board of Directors declared a quarterly dividend of $0.05 a share on the Company's Common Stock, payable July 1, 2000 to stockholders of record on June 15, 2000. McDermott International, Inc.
04/27/00 Former CRSS Chief Executive Officer Bruce Wilkinson Named President and Chief Operating Officer of McDermott International
NEW ORLEANS--(BUSINESS WIRE)--April 27, 2000--McDermott International, Inc. (NYSE:MDR) announced today that Bruce W. Wilkinson has joined the company as president and chief operating officer, effective today. Wilkinson, 55, comes to McDermott with over 30 years of senior management experience in
04/27/00 McDermott International Reports Earnings for First Quarter
NEW ORLEANS--(BUSINESS WIRE)--April 27, 2000--McDermott International, Inc. (NYSE:MDR): -- Net EPS $0.13, diluted -- Government, pre-Chapter 11 Power Generation results benefit earnings -- Fundamentals in place for long-term marine construction market improvements McDermott International, Inc.
03/21/00 B&W Launches E-business Initiative: A First In The Boiler Industry
BARBERTON, Ohio--(BUSINESS WIRE)--March 21, 2000--In an industry known for conservative business and "playing it safe," The Babcock & Wilcox Company (B&W) is breaking the rules of traditional engineering companies with the launch of an e-business initiative, further proof that electronic commerce
03/02/00 Babcock & Wilcox Contracts With Baltimore Gas And Electric Company To Supply Environmental Equipment
NEW ORLEANS--(BUSINESS WIRE)--March 2, 2000--Babcock & Wilcox (B&W), a subsidiary of McDermott International, Inc. (NYSE: MDR), has been awarded a U.S.$40 million contract to supply environmental and retrofit equipment for two generating units at Baltimore Gas and Electric Company's (BGE) Brandon
03/01/00 McDermott International, Inc. Announces Quarterly Dividend
NEW ORLEANS--(BUSINESS WIRE)--March 1, 2000--McDermott International, Inc., announced today the Board of Directors declared a quarterly dividend of $0.05 a share on the Company's Common Stock, payable April 1, 2000 to stockholders of record on March 15, 2000.
02/22/00 McDermott International Announces December Quarter Earnings
NEW ORLEANS--(BUSINESS WIRE)--Feb. 22, 2000-- Operating income of $22.9 million Net loss of $23.2 million or $0.39 a diluted share, including loss of $37.8 million or $0.64 a diluted share on curtailment of U.K. pension plan Curtailment of plan will increase cash by about $21 million later in 2000
02/22/00 McDermott International, Inc. Announces That Babcock & Wilcox Subsidiary Files Voluntary Petition For Chapter 11 Reorganization
NEW ORLEANS--(BUSINESS WIRE)--Feb. 22, 2000-- Only Means for B&W to Resolve Asbestos Liability Claims B&W to Continue Normal Operations B&W Receives Commitment for $300 Million in DIP Financing McDermott International, Inc. and Subsidiaries Receive $500 Million in Additional Financing Other
11/11/99 McDermott International Announces September Quarter Earnings
NEW ORLEANS--(BUSINESS WIRE)--Nov. 11, 1999--McDermott International, Inc. (NYSE:MDR) -- Net EPS of $0.06 a diluted share -- Losses from equity investees in Mexico and Turkey reduce results by $9.0 million -- Total backlog improves to $3.0 billion McDermott International, Inc.
11/09/99 McDermott International Declares Quarterly Dividend
NEW ORLEANS--(BUSINESS WIRE)--Nov. 9, 1999--Roger E. Tetrault, Chairman of the Board and Chief Executive Officer of McDermott International, Inc., (NYSE:MDR) said today the Board of Directors declared a quarterly dividend of $0.05 a share on the Company's Common Stock, payable January 1, 2000 to
09/16/99 Babcock & Wilcox Wins $95 Million Order to Supply Boilers for Australia
    Business Editors     NEW ORLEANS--(BUSINESS WIRE)--Sept. 16, 1999--The Babcock & Wilcox Company (B&W), a unit of McDermott International, Inc. (NYSE:MDR), has been awarded a contract from Bechtel International Inc.
08/19/99 J. Ray McDermott Signs Contract with Aux Sable
MORGAN CITY, La.--(BUSINESS WIRE)--Aug. 19, 1999--J. Ray McDermott, an operating unit of McDermott International, Inc. (NYSE: MDR), has signed a contract with Aux Sable Liquid Products LP to fabricate 46 process modules for an onshore gas plant in Morris, Illinois.
08/04/99 McDermott International Reports Earnings for June 1999 Quarter
-- Net EPS of $0.33 a share, diluted. NEW ORLEANS--(BUSINESS WIRE)--Aug. 4, 1999-- -- Costs associated with tender offer for J. Ray McDermott shares reduced net earnings by about $4 million. Backlog improved to $2.8 billion from $2.6 billion at March 31, 1999; continued improvement anticipated.
08/03/99 McDermott International, Inc. Declares Dividend
NEW ORLEANS--(BUSINESS WIRE)--Aug. 3, 1999--Roger E. Tetrault, Chairman of the Board and Chief Executive Officer of McDermott International, Inc., (NYSE:MDR) said today the Board of Directors declared a quarterly dividend of $0.05 a share on the Company's Common Stock, payable October 1, 1999 to
07/30/99 McDermott International Completes Acquisition of J. Ray McDermott
NEW ORLEANS--(BUSINESS WIRE)--July 30, 1999--McDermott International, Inc. (NYSE:MDR) announced today that it has completed its acquisition of J. Ray McDermott, S.A. (formerly NYSE:JRM). The acquisition was completed through the merger of International's wholly owned subsidiary, McDermott
06/15/99 Shell Awards Brutus Project to J. Ray McDermott
NEW ORLEANS--(BUSINESS WIRE)--June 15, 1999--J. Ray McDermott (NYSE: MDR) has been awarded a contract by Shell Deepwater Development Inc. for the fabrication of the topsides for the Shell Brutus development. The Brutus development, which encompasses two OCS leases in the Green Canyon area, will be
06/11/99 McDermott International Completes Tender Offer to Acquire Outstanding Shares of J. Ray McDermott
NEW ORLEANS--(BUSINESS WIRE)--June 11, 1999--McDermott International, Inc. (NYSE: MDR) announced today that 14,128,578 shares of J. Ray McDermott, S.A. (NYSE:JRM) common stock were tendered in McDermott International's offer to acquire all outstanding shares of J.
06/07/99 Joe B. Foster Elected to McDermott International Board of Directors
NEW ORLEANS--(BUSINESS WIRE)--June 7, 1999--McDermott International, Inc. (NYSE: MDR) announced today that Joe B. Foster, chairman of the board and chief executive officer of Newfield Exploration Company, has been elected to the company's board of directors.
06/07/99 BWX Technologies and Bechtel Team Wins DOE Contract
    Business Editors     NEW ORLEANS--(BUSINESS WIRE)--June 7, 1999--BWX Technologies, Inc., a unit of McDermott International, Inc. (NYSE: MDR), and Bechtel National, Inc., have been awarded the management and operations contract for the U.S.
06/03/99 McDermott International Declares Quarterly Dividend
NEW ORLEANS--(BUSINESS WIRE)--June 3, 1999--Roger E. Tetrault, Chairman of the Board and Chief Executive Officer of McDermott International, Inc. (NYSE:MDR), announced today that the Board of Directors declared a quarterly dividend of $0.05 a share on the Company's Common Stock payable July 1, 1999
05/21/99 McDermott International Reports Fiscal 1999 Earnings
Business Editors     NEW ORLEANS--(BUSINESS WIRE)--May 21, 1999-- -- Excluding non-recurring charges, FY99 net EPS of $2.60, diluted, vs. $1.54, diluted, a year ago. -- Excluding non-recurring charges, net fourth quarter EPS of $0.56, diluted, vs. $0.30, diluted, a year ago.
05/13/99 McDermott International Commences Tender Offer to Purchase All Outstanding Shares of J. Ray McDermott
NEW ORLEANS--(BUSINESS WIRE)--May 13, 1999--McDermott International, Inc. (NYSE: MDR) announced today that it has commenced a tender offer to acquire all outstanding shares of J. Ray McDermott, S.A. (NYSE: JRM) not already owned by McDermott for $35.62 per share, net to the seller in cash.
05/07/99 McDermott International, Inc. to Acquire Publicly Heldshares of J. Ray McDermott Common Stock At $35.62 Per Share in Cash
NEW ORLEANS--(BUSINESS WIRE)--May 7, 1999--McDermott International, Inc., a Panama corporation (NYSE: MDR), and its majority-owned subsidiary, J. Ray McDermott, S.A., a Panama corporation (NYSE: JRM), today jointly announced that they have executed a definitive merger agreement pursuant to which
04/29/99 Babcock & Wilcox and Nooter/Eriksen Establish Heat Recovery Steam Generator Alliance
BARBERTON, Ohio--(BUSINESS WIRE)--April 29, 1999--The Babcock & Wilcox Company and Nooter/Eriksen, Inc. have formed a limited liability company to pursue the sale of heat recovery steam generator (HRSG) technology worldwide. The new company, Nooter/Eriksen-Babcock & Wilcox, L.L.C.
04/20/99 McDermott International Terminates Proposal to Acquire Minority Interest in J. Ray McDermott
NEW ORLEANS--(BUSINESS WIRE)--April 20, 1999--The Finance Committee of the Board of Directors of McDermott International, Inc. (NYSE:MDR) announced today that it has terminated discussions with the Independent Committee of the Board of Directors of its majority-owned subsidiary, J.
04/02/99 Corporate Profile for McDermott Technology, Inc., dated April 2, 1999
(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.
03/11/99 Delta Hudson Awarded Major Gas Liquids Extraction and Fractionation Project
NEW ORLEANS--(BUSINESS WIRE)--March 11, 1999--Delta Hudson Engineering Ltd., a unit of McDermott International, Inc. (NYSE: MDR), has been selected by Aux Sable Liquid Products LP to supply engineering and procurement services for world scale gas liquids extraction facilities and fractionation
02/02/99 Kathryn D. Sullivan Elected To McDermott International Board Of Directors
NEW ORLEANS--(BUSINESS WIRE)--Feb. 2, 1999--McDermott International, Inc. (NYSE:MDR) announced today that Dr. Kathryn D. Sullivan, president and chief executive officer of the Ohio Center for Science and Industry (COSI) and a former astronaut, has been elected to the company's board of directors.
02/02/99 McDermott International Inc. Declares Quarterly Dividend
NEW ORLEANS--(BUSINESS WIRE)--Feb. 2, 1999--McDermott International, Inc.,(NYSE:MDR) announced today the Board of Directors declared a quarterly dividend of $0.05 a share on the Company's Common Stock, payable April 1, 1999 to stockholders of record on March 15, 1999. McDermott International, Inc.
01/27/99 McDermott International Reports Third Quarter Earnings
-Net EPS for the quarter, excluding non-recurring items, of $0.66, diluted. -Power generation performance offsets decline in marine construction results. -Outlook for fourth quarter of fiscal 1999 unchanged. -FY2000 outlook stable for power and government markets, but weaker for marine
10/30/98 McDermott International Reports Second Quarter Earnings
-Recurring net EPS for the quarter was $0.84, diluted, vs. $0.34, diluted, a year earlier. -Cost reductions, operating improvements, including timing, result in higher EPS on lower revenues. -Quarter results improve outlook for fiscal 1999. -Power and government businesses expected to be stable,
08/11/98 McDermott Declares Quarterly Dividend
NEW ORLEANS --- August 11, 1998 --- Roger E. Tetrault, Chairman of the Board and Chief Executive Officer of McDermott International, Inc., (NYSE:MDR) said today the Board of Directors declared a quarterly dividend of $0.05 a share on the Company's Common Stock, payable October 1, 1998 to
07/27/98 McDermott International Reports Earnings For First Fiscal Quarter
-Recurring net EPS of $0.55 a share, diluted, vs. $0.21 a year earlier -Earnings exceed consensus estimates; outlook for FY99 unchanged -Cost reductions and contract performance strengthen operating results -Stronger balance sheet and focus on costs position company for market conditions brought on
05/19/98 McDermott International Reports Fiscal 1998 Earnings
-Net EPS in fiscal 1998 of $3.48 diluted vs. loss of $3.95 a year ago. -Excluding non-recurring items, net EPS in fiscal 1998 of $1.54 diluted vs. a loss of $1.68 a year ago. -Cash and investments at end of fiscal year equal $1.35 billion vs. total debt of $754 million.
02/13/98 McDermott International Announces Retirement Of Joe Stewart; Allen Womack To Take Responsibility For BWX Technologies
Joe J. Stewart, executive vice president of McDermott International, Inc. (NYSE: MDR) and president of the company's BWX Technologies, Inc. unit, will retire, effective April 1, 1998, the company announced today. Allen Womack has been named executive vice president of the company and designated as
02/06/98 McDermott International, Inc. Reports Third Quarter Earnings
-Net EPS for quarter of $0.87 basic and $0.82 diluted -Excluding non-recurring items, net EPS of $0.67 basic -Earnings distribution and gain from termination of HeereMac joint venture, charge for impairment of goodwill associated with 1995 acquisition of Offshore Pipelines included in non-recurring
02/06/98 McDermott International Declares Dividends
McDermott International, Inc. announced today that the Board of Directors declared a quarterly dividend of $0.05 a share on the Company's Common Stock and $0.71875 a share on the Series C Cumulative Convertible Preferred Stock, both payable April 1, 1998 to stockholders of record on March 16, 1998.

This is a unique website which will require a more modern browser to work! Please upgrade today!