Reports significant progress, including 29-percent reduction in carbon intensity across operations

HOUSTON
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Aug. 3, 2022
/PRNewswire/ -- McDermott International and KBR (NYSE: KBR) have entered into a global licensing agreement to provide integrated solutions for KBR's proprietary ammonia technologies. Ammonia produced from renewable or low-carbon sources, commonly referred to as green and blue ammonia, supports global decarbonization because it can be used to provide carbon-free fertilizers, as an energy carrier or as a fuel.

HOUSTON
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Aug. 15, 2022
/PRNewswire/ -- McDermott International has been awarded a Pre Front-End Engineering Design (Pre-FEED) contract from Woodside Energy for the proposed H2Perth project located in the Kwinana/Rockingham area in Western Australia.

HOUSTON, Feb. 15, 2022 /PRNewswire/ -- McDermott International has been awarded its largest ever renewable energy contract from TenneT for the BorWin6 980MW High-Voltage, Direct Current (HVDC) project. Through a consortium with Global Energy Interconnection Research Institute Co., Ltd. and C-EPRI Electric Power Engineering Co., Ltd. (GEIRI / C-EPRI), McDermott will provide engineering, procurement, construction, installation and commissioning (EPCIC) services.  

HOUSTON
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Oct. 25, 2022
/PRNewswire/ -- McDermott International has been awarded a front-end engineering design (FEED) contract from Hydrostor Incorporated for the Silver City Energy Storage project located in Broken Hill, New South Wales, Australia.

HOUSTON, June 27, 2023 /PRNewswire/ -- McDermott announces the release of its 2022 Sustainability Report. Alongside its customers and employees, McDermott incorporates sustainability and safety into its daily operations. This report demonstrates the company's commitment to sustainable practices and progress in strategy, governance, climate risk management, strategic partnerships, and reporting.

HOUSTON, July 5, 2023 /PRNewswire/ -- McDermott held a first steel-cutting ceremony at its Jebel Ali fabrication yard in Dubai , United Arab Emirates, to mark the commencement of construction for the BorWin6 980MW high-voltage, direct current (HVDC) project for TenneT.

HOUSTON
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Aug. 30, 2023
/PRNewswire/ -- CB&I, McDermott's storage business, has received Approval in Principle (AiP) for its design of a liquid hydrogen (LH2) cargo containment system from DNV, a leading classification society for shipping. CB&I collaborated with Shell International Trading and Shipping Company Limited (Shell) to provide safe LH2 shipping solutions that enable hydrogen energy supply chains.

Reaches Transaction Support Agreement with More Than 75% of Secured Letter of Credit Facility Providers, Funded Debt Creditors and Equity Holders


Receives $250 Million in New Capital


The Agreement Extends Company's Loans and Letter of Credit Facilities Three Years, Until Mid-2027


Company to Continue All Operations


No Impairment to Vendors, Projects, or Customers

HOUSTON, Feb. 1, 2022 /PRNewswire/ -- McDermott International, Ltd today announced Michael McKelvy has been named President and Chief Executive Officer, effective immediately. He will also serve as a member of McDermott's Board of Directors. Lee McIntire, who has been serving as interim CEO since June 2021, will continue as a member of McDermott's Board of Directors.