U.S. Markets close in 6 hrs 5 mins

McDermott scores contract worth at least $500M

Joshua Mann
American City Business Journals

Houston-based McDermott International Inc. (MDR) once again has business in the North Sea with a contract worth at least half a billion dollars. McDermott will perform engineering, procurement, construction and commissioning work for Denmark-based Maersk Oil's Tyra Redevelopment project, according to a press release. “This award heralds our return to the North Sea and is a part of our strategic growth strategy,” Scott Munro, vice president of Americas, Europe and Africa, said in the release.