Mcdermott International Inc News

Lockport, La. based offshore support and subsea services provider Bordelon Marine said it has promoted Mike Belanger to chief operating officer and Chris Martin to general manager.Having served as Bordelon's general manager for 15 years, Belanger brings more than 40 years of industry experience to the COO position. During his tenure as GM, the company transitioned from operating utility vessels to opening a shipyard and building a trio of 260-foot DP2 subsea vessels that have been operated by Bordelon Marine for more than five years. Belanger is a military veteran serving seven years as an active-duty Marine. Furthermore, he is a third-generation oilfield worker who started from the age of 15 in various areas including on land rigs and offshore drilling and production…

LNG storage tank market is expected to grow from USD 12.5 billion in 2020 to USD 17.5 billion by 2025, at a CAGR of 7.0%, during the forecast period.The major factors driving the LNG storage tank market include increasing demand for LNG from various end-use industries, such as steel, power, and energy. Furthermore, the growing trade of LNG will also drive the demand, said a report by MarketsandMarkets.APAC is projected to be the leading LNG Storage Tank Market during the forecast period. The growth in the APAC region can be attributed to the rising demand for LNG from various end-use industries including energy, power and steel.The presence of a robust industrial base…

US-based Freeport LNG has started commercial operations at its second of three planned liquefaction trains.Freeport LNG Train 3 remains on track to meet its previously announced schedule, with initial production of LNG scheduled for Q1 of 2020, said McDermott International, Inc. with its partners, Chiyoda International Corporation and Zachry Group."We continue to advance the Freeport LNG Project with another significant accomplishment, the commercial operation of Train 2," said Mark Coscio, McDermott's Senior Vice President for North, Central and South America."Congratulations to the joint venture project team who has maintained a commitment to safety and quality.

Texas-based PetroLogistics II, a portfolio company of Quantum Energy Partners, has awarded McDermott International, Inc. a contract to provide front-end engineering design (FEED) services for a new U.S. Gulf Coast propane dehydrogenation (PDH) plant.Under the scope of the contract, McDermott will assist in the development of a PDH plant to be constructed on the U.S. Gulf Coast. The plant has a design basis of 500 KTA."McDermott is pleased to be working with PetroLogistics II in the development of a facility that will support the growth of propylene in the U.S.," said Mark Coscio, McDermott's Senior Vice President for North, Central and South America.

Sempra Energy said on Friday the $10 billion Cameron liquefied natural gas export terminal in Louisiana had shipped its first cargo, making the plant the fourth big LNG export terminal to enter service in the United States.Mitsui & Co Ltd, one of the partners in the Cameron project, chartered the tanker, Marvel Crane, to pick up the commissioning cargo.It was not immediately clear where the vessel was headed.Sempra said commissioning cargos were a critical step in the start-up process. The plant is expected to get federal authorization to enter commercial operations in mid-2019.Natural gas use is growing fast around the world as countries seek to wean their industrial and power sectors off dirtier coal.There are three liquefaction trains at Cameron.

The Netherlands based Royal IHC said it has been awarded a contract to modify McDermott International Inc.’s pipelay and construction vessel Amazon. The scope includes the delivery of an innovative and complete J-lay system to the Houston based company.IHC will be responsible for the overall management of the modification project, from the design through to the integration of the new equipment. It includes the construction and installation of the IHC-designed and patented J-lay system…

Offshore engineering firm McDermott International Inc will close its acquisition of Chicago Bridge and Iron Co NV on Thursday, creating an integrated onshore and offshore services group that will expand its presence in the Middle East.McDermott's offshore engineering and construction work will combine with CB&I's onshore skills including liquefied natural gas (LNG) and power plants. McDermott will bolster its service offerings in Saudi Arabia, where it is already adding facilities and has contracts with national oil company Saudi Aramco.David Dickson, McDermott's chief executive officer who this week met with Saudi Aramco executives in Houston, said on Tuesday the kingdom "is going to be a big part of our future.

SolstadFarstad ASA (SOFF) has been awarded several new contracts for the provision of vessels within Australia. McDermott International Inc. affiliated company, MAPL have awarded the provision of a General Purpose Support Vessel, Far Stream, and pipe-haul PSV’s performing services for work Offshore Western Australia. The contract is due to commence during Q1/Q2 2018 and the combined vessels utilization is approx. 200 days. Cooper Energy has supplemented their earlier award of Far Saracen and Far Senator for their upcoming Bass Strait drilling campaign, by awarding a third anchor handler, Far Statesman, for a period of 100 days firm with commencement during 1Q 2018.

Harke Jan Meek, chief commercial officer at Heerema Marine Contractors, has been named the new president and chairman of the board of the International Marine Contractors Association (IMCA). Meek succeeds Bruno Faure (TechnipFMC), who has stepped down as president of IMCA after completing his two-year term of office, in accordance with the association’s constitution. Faure remains on the board of the association. Iain Grainger, vice president commercial at McDermott International Inc. becomes the new IMCA vice president.

McDermott International, Inc. announced it has acquired the newly built pipelay and construction vessel Amazon to better position the company for ultradeepwater and SURF projects. McDermott plans to upgrade the vessel to address the ultradeepwater market with a state-of-the-art J-lay system outfitted with the latest vessel technology. In the near term, the company plans to make minor capital expenditure investments to bring the vessel up to company standards. As McDermott finalizes its upgrade plans, the company plans to use the vessel on existing construction and pipelay projects.

McDermott International, Inc. was awarded an offshore pipelay contract in the Middle East. The pipelay contract includes the engineering, procurement and installation of two oil pipelines offshore. Work on this contract is expected to be completed by the end of the second quarter in 2018. “This contract marks another example where our clients in the Middle East recognize our integrated customer-driven solutions that are consistently delivered with outstanding safety and within cost and schedule,” said Linh Austin, McDermott’s Vice President, Middle East and Caspian. Work on the contract is expected to begin immediately and will be reflected in McDermott’s fourth quarter 2016 backlog.

McDermott International Inc. received three separate engineering, procurement, construction, and installation (EPCI) projects in multiple Arabian Gulf fields. The EPCI contracts were given by a major national oil company;  In addition to this, there has also been an award of an additional scope on an existing contract, also being executed in the Arabian Gulf. Combined, these projects’ total scope includes EPCI for jackets and topsides, subsea pipelines and subsea cables. Work on the projects is expected to be executed through the fourth quarter of 2017. “These awards are due, in part, to McDermott’s ability to provide a highly efficient solution with schedule certainty and draws upon our in-depth knowledge and experience working offshore in the Middle East area over many years…

McDermott International, Inc. formally named its flagship Derrick Lay Vessel 2000 (DLV 2000) during a ceremony at the Keppel Singmarine Shipyard in Singapore. Brenda Cuthbertson, wife of 38-year McDermott employee and Asia Area Vice President Hugh Cuthbertson, served as the vessel’s godmother and named the DLV 2000 with the traditional breaking of champagne during the ceremony. The ceremony was attended by invited guests, McDermott and Keppel executives and employees and was followed by guided tours and lunch on the vessel.

McDermott International, Inc. (NYSE: MDR) signed a long-term exclusive agreement with L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, focused on subsea projects offshore the east coast of India. “This exclusive agreement further strengthens the relationship between McDermott and LTHE, both companies that have successfully cooperated on several earlier projects in India and, more recently, won the Vashishta deepwater development project,” said David Dickson, McDermott’s President and CEO.

McDermott International, Inc. announced today that one of its joint venture companies, Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd. (“QMW”), recently completed a fast-track compression process module fabrication subcontract for Jord Oil & Gas Systems B.V. (“JOGS”). JOGS is the prime contractor for the process modules for the jack-up compression platform which will connect to the PEMEX Akal G-1 platform offshore Mexico. The scope of work, awarded in the first quarter 2014, included construction-engineering, procurement of bulk materials, fabrication, pre-commissioning and transportation of three process modules, related skids and a flare boom.

The Central Administration of Customs in Mexico has authorized McDermott International, Inc. to operate its Altamira fabrication facility near Tampico, Mexico as a free trade zone. Located on the Gulf of Mexico coast and serving both PEMEX domestic requirements and export work for international clients, Altamira is now the first fabrication facility licensed to operate as a free trade zone in Mexico. “The benefits of operating as a free trade zone to McDermott’s international clients is through the ability to import components…

McDermott International, Inc. has been awarded a contract to install the offshore jacket, deck and piles for the Ayatsil-A drilling platform for PEMEX Exploracion y Produccion in the Bay of Campeche Ayatsil field. The value of the award is included in McDermott’s fourth quarter backlog. “The Ayatsil-A installation award from PEMEX is a direct result of the substantial local capabilities and operations of McDermott in Mexico, and our demonstrated track record of safe and reliable platform installations for PEMEX in the Bay of Campeche…

McDermott International, Inc. has successfully concluded the transportation and installation of a Yoke-type Single Point Mooring tower and hook up to a Floating Storage Offloading (“FSO”) vessel for PT Rekayasa Industri offshore Indonesia in the Banyu Urip field. PT Rekayasa Industri was appointed by Mobil Cepu Limited, an ExxonMobil subsidiary, as one of the engineering, procurement, construction and installation contractors for the field. “PT Rekayasa Industri awarded the contract to McDermott earlier this year,” said Hugh Cuthbertson, Vice President and General Manager, Asia Pacific. The Yoke-type Single Point Mooring Tower is a critical component which enables mooring of the FSO unit at the site.

McDermott International, Inc. informs of the christening of its new Construction Support Vessel 108 (“CSV 108”) at Metalships & Docks shipyard in Vigo, Spain. The shipyard hosted a naming ceremony attended by Tony Duncan, Executive Vice President, Subsea for McDermott and Manuel Rodríguez, Chairman of Metalships & Docks, SAU, local dignitaries and project staff. “We expect the CSV108 to join the fleet in 2015, once the final deck equipment has been installed,” said Duncan. CSV108 will immediately transit to Norway for the installation of two portside active heave compensated cranes for the final stage in its construction. McDermott is a leading provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide.

McDermott International, Inc. announced today that one of its subsidiaries has been awarded a fast-track fabrication contract by PC Ketapang II Ltd., a subsidiary of PETRONAS for the BTJT-A Jacket as part of the Bukit Tua Development Project in the Ketapang block of East Java, Indonesia. The contract is included in McDermott’s second quarter 2014 backlog. McDermott will fabricate the four-leg 1,100-tonne wellhead jacket, from the Batam Island fabrication facility in Indonesia. The project is expected to be complete by mid November 2014.

McDermott International, Inc. says that one of its subsidiaries has entered into an agreement with Anadarko Petroleum Corporation to provide construction and decommissioning support services employing Derrick Barge 50 (“DB50”) on the Red Hawk project, located in Garden Banks 876. The DB50 will remove mooring lines for the Red Hawk spar and provide accommodation and decommissioning support services. Mobilization is expected during the third quarter 2014. “This project is yet another example of our efforts to improve asset utilization beyond the requirements of our existing backlog,” said Dominic Savarino, Vice President and General Manager, Americas. The DB50 is a dynamically positioned (DP2) premier heavy-lift vessel with deepwater lowering capabilities that can accommodate 320 personnel.

McDermott International, Inc. announced today that one of its subsidiaries was awarded a contract to provide transportation and installation services to Walter Oil & Gas Corporation for the Megalodon platform destined for South Timbalier Block 311 in the Gulf of Mexico. The project is expected to be included in McDermott’s third quarter 2014 backlog. McDermott will provide all materials and equipment to transport and install the six-pile platform in 391 feet of water, over an existing well site.

McDermott International, Inc. (NYSE: MDR) said 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 operate a spoolbase and marine operations base in the Port of Gulfport. McDermott expects the facility, designed to serve projects from the Gulf of Mexico, will be available in early 2016. The new facility in Gulfport, located on the Mississippi coastline, will be used to fabricate steel pipe stalklines through advanced welding processes for use in offshore Reeled pipelay operations. The new 50 acre facility will feature…