Search Results for “mcdermott

COLUMN | Another one bites the dust: McDermott in Chapter Eleven [Offshore Accounts]

You can’t say you weren’t warned (here). The mirror on the wall of the Baird offices was right. On January 21 McDermott International filed for Chapter Eleven bankruptcy protection in the one of the biggest bankruptcy restructurings in the history of the offshore industry, even bigger than the asbestos related bankruptcy protection that the company’s […]

COLUMN | The McDermott Way….to Chapter Eleven? [Offshore Accounts]

The offshore industry is currently so ugly that it is hard to know where to start….With the intriguing news that four bidders have apparently made bids for Bourbon, which the French bankruptcy court will review in December? With Swire Pacific Offshore’s surprise decision to close its ailing Swire Seabed subsea division and lay off 150 […]

COLUMN | McDermott: Top management reaps the rewards of company’s financial crisis [Offshore Accounts]

Do you work for McDermott International Inc.? If so, you probably haven’t seen a pay rise in many years. You will have seen many hard working and honest colleagues laid off for the offshore construction company. What you are about to read may make you very angry. Are you a supplier for McDermott, wondering why […]

McDermott, BHGE score contracts for Ichthys development

[caption id="attachment_168290" align="alignnone" width=""]Image: McDermottDLV 2000[/caption]

McDermott International and Baker Hughes General Electric (BHGE) have been awarded contracts to provide a joint umbilicals, risers, and flowlines (URF) and subsea production systems (SPS) solution for the INPEX-operated Ichthys LNG field development located off the northwest coast of Western Australia.

COLUMN | McDermott International acquisition “spent $16 million on hookers” in Colombian corruption claim [Offshore Accounts]

[caption id="attachment_167321" align="alignnone" width=""]Photo: McDermottMcDermott’s Gulfport spoolbase and marine operations base [/caption]

Offshore Accounts loves covering corruption. Corruption is the elephant in the room in the offshore energy business, with the whole exploration and production sector seemingly riddled with kickbacks, bribes and conflicts of interest.

McDermott awarded EPCI contract by Qatargas

[caption id="attachment_69325" align="alignnone" width=""]Image: MarineTraffic.comDerrick Barge 50[/caption]

McDermott International has been awarded a contract by Qatargas for engineering, procurement, construction, and installation (EPCI) works in the North Field facilities offshore Qatar.