HOUSTON, Oct. 21, 2024 /PRNewswire/ -- McDermott has been awarded Platinum status in the Used Garnet Return Rewards Program by GMA Middle East, marking a decade-long successful partnership between the two companies. As the first recipient of this award in the region, McDermott is being recognized for its commitment to sustainability and environmental responsibility through the return of garnet used in its fabrication paint blasting operations.

HOUSTON, Oct. 10, 2024 /PRNewswire/ -- CB&I, a wholly owned unrestricted subsidiary of McDermott, has been awarded a sizeable* lump sum contract by the Saipem Clough joint venture for engineering, procurement and construction (EPC) of ammonia storage and other process tanks for the Perdaman Chemicals and Fertilisers Urea Plant located on the Burrup Peninsula, Western Australia.

Transaction Follows Comprehensive Marketing Process, Culminating in Winning Offer From a Consortium Led by Mason Capital Management

HOUSTON, June 18, 2024 /PRNewswire/ -- McDermott announces the release of its 2023 Sustainability Report, which details the company's progress in advancing environmental, social, and governance (ESG) commitments during its centennial year. McDermott remains dedicated to helping customers develop cleaner and more efficient pathways to produce and deliver the world's energy.

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May 15, 2024
/PRNewswire/ -- CB&I, a wholly owned unrestricted subsidiary of McDermott, was presented three Tank of the Year awards by the Steel Tank Institute/Steel Plate Fabricators Association (STI/SPFA) for projects completed in 2023. The awards were presented at the STI/SPFA annual meeting in Scottsdale, Arizona on April 18-20, 2024.

HOUSTON, May 13, 2024 /PRNewswire/ -- McDermott has safely and successfully executed its heaviest stacking lift at its Jebel Ali fabrication yard in Dubai . This record-breaking achievement marked the latest milestone on the BorWin6 980MW high-voltage, direct current (HVDC) project for TenneT.

HOUSTON, May 8, 2024 /PRNewswire/ -- CB&I, a wholly owned unrestricted subsidiary of McDermott, has been awarded a significant* contract by Marsa Liquefied Natural Gas LLC, a joint venture between TotalEnergies and OQ for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank, located in Oman's Port of Sohar.

Extends Company Financing Three Years

Fully and Finally Resolves Reficar Arbitration Award and Related Liabilities

Timely Completes All Legal Proceedings in the Netherlands and the UK 

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April 2, 2024
/PRNewswire/ -- McDermott today announced Maurizio Coratella as Executive Vice President and Chief Operating Officer effective May 1, 2024.

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March 28, 2024
/PRNewswire/ -- McDermott today announced mechanical completion of a pioneering industrial-scale biosurfactant plant for Evonik. Less than two years from contract award, Evonik has achieved initial production of Rhamnolipids, a bacterial surfactant with the potential to fundamentally transform cleaning products and significantly reduce their environmental impact.