Table of Contents
Table of Contents 3
List of Tables 6
List of Figures 6
McDermott International Inc, Oil & Gas, Deals By Year, 2012 to YTD 2018 7
McDermott International Inc, Oil & Gas Deals By Type, 2012 to YTD 2018 8
McDermott International Inc, Oil & Gas, Deals By Region, 2012 to YTD 2018 9
McDermott International Inc, Oil & Gas, Deals By Sector, 2012 to YTD 2018 10
McDermott International Inc, Oil & Gas, Deals Summary, 2012 to YTD 2018 11
McDermott International Inc, Oil & Gas, Deal Details 12
Asset Purchase 12
McDermott Acquires Ceona Amazon Vessel 12
Private Equity 13
Veritas Capital Completes Acquisition Of CB&I Capital Services From Chicago Bridge & Iron For US$755 Million 13
Partnerships 15
Baker Hughes Forms Partnership With McDermott 15
McDermott Forms Joint Venture With Hydra Offshore 16
Petrofac And McDermott Form Partnership 17
CB&I Forms Partnership With Chiyoda To Build LNG Export Facilities In North America 18
TH Heavy Engineering Forms Joint Venture With McDermott International 19
Equity Offering 20
McDermott International Completes Public Offering Of Units For US$287.5 Million 20
Debt Offering 22
McDermott International Completes Private Placement Of 10.625% Senior Unsecured Notes, Due 2024 For US$1.3 Billion 22
McDermott Announces Private Placement Of Senior Unsecured Notes, Due 2026, For US$550 Million 23
McDermott International Completes Private Placement Of 8% Notes Due 2021 For US$500 Million 24
Asset Transactions 25
McDermott International Completes Sale Of Derrick Barge 16 Vessel For US$16.1 Million 25
McDermott International Sells DLB KP1 Vessel For US$8.4 Million 26
McDermott International Completes Sale Of Marine Vessel, Derrick Barge 26 For US$30 Million 27
McDermott International Completes Sale Of Bold Endurance Marine Vessel For US$2 million (MM) 28
Secunda Acquires Vessels From McDermott International For US$ 61MM 29
Acquisition 30
McDermott Completes Acquisition Of Chicago Bridge & Iron For Approximately US$6 Billion 30
McDermott Completes Acquisition Of Remaining 25% Stake In North Ocean 105 From Oceanteam 32
McDermott International Acquires DeepSea, Sub-sea Engineering Services Company 33
Chicago Bridge & Iron Completes Acquisition Of Shaw Group For US$3 Billion 34
McDermott International Inc – Key Competitors 36
McDermott International Inc – Key Employees 37
McDermott International Inc – Locations And Subsidiaries 39
Head Office 39
Other Locations & Subsidiaries 39
Affiliate 40
Joint Venture 41
Recent Developments 42
Strategy and Business Expansion 42
May 20, 2017: Saudi Aramco Signs Agreements With American Companies To Promote Bilateral Trade And Investment Between Saudi Arabia And United States 42
May 20, 2017: McDermott And Saudi Aramco Announce Memorandum Of Understanding At First Saudi-U.S. CEO Forum 45
Mar 08, 2017: McDermott signs MoU to construct offshore production solutions in Saudi Arabia 46
Financial Announcements 47
Apr 24, 2018: McDermott Reports First Quarter 2018 Financial And Operational Results 47
Feb 21, 2018: McDermott Reports Fourth Quarter And Full Year 2017 Financial And Operational Results 50
Jul 25, 2017: McDermott Reports Second Quarter 2017 Financial And Operational Results 54
Feb 21, 2017: McDermott Reports Fourth Quarter And Full-Year 2016 Financial And Operational Results 58
Jan 11, 2017: McDermott Reports Third Quarter 2017 Financial and Operational Results 61
Other Significant Developments 64
Oct 17, 2018: McDermott begins fabrication for Tyra offshore redevelopment 64
Sep 04, 2018: McDermott Completes Pipeline Installation for Greater Western Flank Phase 2 Project in Australia 65
Sep 04, 2018: NextDecade provides EPC status update 66
Jul 31, 2018: McDermott reports second quarter 2018 financial and operational results 67
Jul 31, 2018: McDermott announces planned J-Lay modifications for pipelay and construction vessel Amazon 71
Jul 03, 2018: McDermott Announces Appointment Of Samik Mukherjee As COO 72
Jun 04, 2018: McDermott Joins Groundbreaking Ceremony For New Ethane Cracker In Texas 73
Apr 25, 2018: McDermott Completes Installation And Startup For Vashishta And S1 Field 74
Apr 24, 2018: McDermott and CBI Announce Global Name and Brands for Future Combined Company 75
Apr 12, 2018: McDermott Provides First Quarter 2018 Operational Update And Reaffirms 2018 Guidance 76
Apr 10, 2018: McDermott Completes Phase 1 Of QGEP Atlanta Early Production System 79
Feb 05, 2018: Solo Oil Announces Significant Resource Upgrade At Ntorya, Tanzania 80
Feb 05, 2018: AMINEX Provides Independent Report Shows Significant Resource Upgrade 82
Sep 06, 2017: Solo Oil: Submission Of Ntorya Development Plan 83
Aug 14, 2017: McDermott Appoints John Freeman As Senior Vice President, General Counsel And Corporate Secretary 84
Jul 03, 2017: McDermott Announces $810 Million Credit Agreement 85
Jun 13, 2017: McDermott Completes Load-Out And Install Of First Jacket From Dammam Fabrication Yard 86
May 05, 2017: McDermott Announces Results Of Annual Stockholders’ Meeting 87
Apr 25, 2017: McDermott Reports First Quarter 2017 Financial and Operational Results 88
Feb 27, 2017: McDermott Reaches 50 Million Man-Hours Performed Without A Lost Time Incident In Middle East 91
New Contracts Announcements 92
Oct 18, 2018: McDermott wins EPC contract for delayed coker unit in Russia 92
Oct 10, 2018: McDermott receives contract from Ineos for license and engineering of planned PDH unit in Europe 93
Oct 08, 2018: McDermott awarded EPC contract for CB&I storage tanks in South Texas 94
Oct 05, 2018: India’s ONGC awards $1.5bn contract for deep-water development 95
Oct 01, 2018: McDermott awarded Olefins technology contract in Thailand 96
Sep 26, 2018: CSV Southern Ocean secures new contract with McDermott for works in India 97
Sep 05, 2018: RigNet secures global master supply agreement 98
Aug 07, 2018: McDermott awarded subsea umbilical and flowline installation contract by Shell for silvertip field 99
Jul 30, 2018: McDermott Awarded EPCI Subsea Tieback Contract From PEMEX For Ayatsil Pipelines 100
Jul 17, 2018: LTHE secures order for cracker furnace project 101
Jun 27, 2018: POSCO DAEWOO Selects McDermott And BHGE For SURF And Subsea Contract For Myanmar Gas Field Development 102
May 29, 2018: McDermott Awarded Transportation And Installation Subcontract In Vietnam 103
May 09, 2018: McDermott Awarded Subsea Umbilical And Flowline Installation Contract For Lucius Field 104
May 05, 2018: Qatar Petroleum Awards ‘Detailed Design’ Contract For North Field Expansion Offshore Jackets 105
Apr 27, 2018: McDermott To Self-Perform Diving Scope For SAPREF Refinery In South Africa And BP Angelin Project In Trinidad And Tobago 106
Mar 12, 2018: BP Selects McDermott And BHGE For Subsea Contracts For West African Tortue/Ahmeyim Development 107
Mar 05, 2018: McDermott Awarded Detailed Engineering And Long Lead Procurement For BP Cassia C Compression Platform 109
Jan 24, 2018: McDermott Receives Contract From Saudi Aramco For EPCI Of 13 Jackets Offshore Saudi Arabia 110
Dec 26, 2017: McDermott wins EPCC Contract for Tyra redevelopment project by Maersk Oil 111
Dec 01, 2017: Solstad Farstad Announces Several Contract Awards In Australia 112
Nov 27, 2017: Skandi Niteroi wins McDermott contract 113
Nov 20, 2017: McDermott wins EPCI contract from Saudi Aramco for Safaniya onshore and offshore field 114
Nov 09, 2017: Saudi Aramco Signs Agreements For Oil And Gas Megaprojects Worth Nearly US$4.5 Billion 115
Nov 09, 2017: McDermott Awarded Major EPCI Contract In Middle East 117
Nov 01, 2017: McDermott Receives Letter Of Award For KG-D6 Subsea Installation Contract From Reliance Industries 118
Nov 01, 2017: McDermott selected as EPCI contract for offshore redevelopment project in Middle East 119
Jun 05, 2017: McDermott Awarded Angelin EPCIC Contract From BP Trinidad & Tobago 120
Apr 27, 2017: Keppel FloaTEC Wins Engineering And Construction Support Services Contract For First Tension Leg Wellhead Production Platform In Vietnam 121
Apr 06, 2017: Exova Signs Contract With McDermott 122
Mar 28, 2017: McDermott selects Dassault’s technology to improve efficiency and performance 123
Mar 01, 2017: Hess awards offshore subsea contract to McDermott 124
Jan 26, 2017: Ocean Installer Has Been Awarded A Contract For Riser Installation Work In Australia 125
Jan 25, 2017: McDermott Awarded Offshore Pipelay Contract In Middle East 126
Jan 25, 2017: McDermott Awarded Offshore EPCI Contract From Saudi Aramco 127
Jan 13, 2017: Solstad Offshore Wins Subcontract From McDermott For Provision Of Light Construction Vessel Services 128
Jan 04, 2017: McDermott Awarded Offshore EPCI Contract From Saudi Aramco 129
Appendix 130
Methodology 130
About GlobalData 130
Contact Us 130
Disclaimer 130
McDermott International Inc, Oil & Gas, Key Facts, 2017 2
McDermott International Inc, Oil & Gas, Deals Summary, 2012 to YTD 2018 2
McDermott International Inc, Oil & Gas, Deals By Year, 2012 to YTD 2018 7
McDermott International Inc, Oil & Gas Deals By Type, 2012 to YTD 2018 8
McDermott International Inc, Oil & Gas, Deals By Region, 2012 to YTD 2018 9
McDermott International Inc, Deals By Sector, 2012 to YTD 2018 10
McDermott International Inc, Oil & Gas, Deals Summary, 2012 to YTD 2018 11
McDermott Acquires Ceona Amazon Vessel 12
Veritas Capital Completes Acquisition Of CB&I Capital Services From Chicago Bridge & Iron For US$755 Million 13
Baker Hughes Forms Partnership With McDermott 15
McDermott Forms Joint Venture With Hydra Offshore 16
Petrofac And McDermott Form Partnership 17
CB&I Forms Partnership With Chiyoda To Build LNG Export Facilities In North America 18
TH Heavy Engineering Forms Joint Venture With McDermott International 19
McDermott International Completes Public Offering Of Units For US$287.5 Million 20
McDermott International Completes Private Placement Of 10.625% Senior Unsecured Notes, Due 2024 For US$1.3 Billion 22
McDermott Announces Private Placement Of Senior Unsecured Notes, Due 2026, For US$550 Million 23
McDermott International Completes Private Placement Of 8% Notes Due 2021 For US$500 Million 24
McDermott International Completes Sale Of Derrick Barge 16 Vessel For US$16.1 Million 25
McDermott International Sells DLB KP1 Vessel For US$8.4 Million 26
McDermott International Completes Sale Of Marine Vessel, Derrick Barge 26 For US$30 Million 27
McDermott International Completes Sale Of Bold Endurance Marine Vessel For US$2 million (MM) 28
Secunda Acquires Vessels From McDermott International For US$ 61MM 29
McDermott Completes Acquisition Of Chicago Bridge & Iron For Approximately US$6 Billion 30
McDermott Completes Acquisition Of Remaining 25% Stake In North Ocean 105 From Oceanteam 32
McDermott International Acquires DeepSea, Sub-sea Engineering Services Company 33
Chicago Bridge & Iron Completes Acquisition Of Shaw Group For US$3 Billion 34
McDermott International Inc, Key Competitors 36
McDermott International Inc, Key Employees 37
McDermott International Inc, Other Locations 39
McDermott International Inc, Subsidiaries 39
McDermott International Inc, Affiliate 40
McDermott International Inc, Joint Venture 41
List of Figures
McDermott International Inc, Oil & Gas, Deals by Type, 2012 to YTD 2018 2
McDermott International Inc, Oil & Gas, Deals By Year, 2012 to YTD 2018 2
McDermott International Inc, Oil & Gas, Deals By Region, 2012 to YTD 2018 2
McDermott International Inc, Oil & Gas, Deals By Sector, 2012 to YTD 2018 2
McDermott International Inc, Oil & Gas, Deals By Year, 2012 to YTD 2018 7
McDermott International Inc, Oil & Gas, Deals by Type, 2012 to YTD 2018 8
McDermott International Inc, Oil & Gas, Deals By Region, 2012 to YTD 2018 9
McDermott International Inc, Oil & Gas, Deals by Sector, 2012 to YTD 2018 10