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

HOUSTON, Oct. 3, 2024 /PRNewswire/ -- McDermott has been awarded an engineering, procurement, construction and installation (EPCI) contract by QatarEnergy LNG for the North Field South (NFS) Offshore Pipelines and Cables Project.

HOUSTON, Sept. 30, 2024 /PRNewswire/ -- McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design (FEED) contract for the Rovuma LNG Phase 1 Project in Mozambique, a joint venture between ExxonMobil Development Africa B.V., Eni S.p.A. and CNODC Dutch Cooperatief U.A.

HOUSTON, Sept. 3, 2024 /PRNewswire/ -- McDermott announces the safe and successful decommissioning of the Campbell platform and associated offshore infrastructure at the Varanus Island hub in Western Australia.

HOUSTON, Sept. 19, 2024 /PRNewswire/ -- Kawasaki Heavy Industries, Ltd. (Kawasaki) and CB&I, a wholly owned unrestricted subsidiary of McDermott, announced today their signing of a strategic agreement for promoting a commercial-use liquefied hydrogen (LH2) supply chain and realizing a zero-carbon-emission society.

HOUSTON and SINGAPORE, Sept. 19, 2024 /PRNewswire/ -- McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production.

HOUSTON, Sept. 18, 2024 /PRNewswire/ -- CB&I, a wholly owned unrestricted subsidiary of McDermott, and Korean world-class shipbuilder Hanwha Ocean have received Approval in Principle (AiP) for the design of a cargo containment system and an 80,000 m3 liquid hydrogen (LH2) carrier from DNV, a leading classification society for shipping.

HOUSTON, March 27, 2024 /PRNewswire/ -- McDermott has been awarded a sizeable* offshore transportation, installation and commissioning contract from PTTEP Sabah Oil Limited (PTTEP) for the Kikeh subsea gas lift project, located 75 miles (120 kilometers) northwest of the island of Labuan, offshore Sabah in East Malaysia.

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.

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