MDR - McDermott International, Inc.

NYSE - NYSE Delayed Price. Currency in USD
7.63
+0.02 (+0.26%)
At close: 4:00PM EDT

7.78 +0.15 (1.97%)
After hours: 6:53PM EDT

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Previous Close7.61
Open7.70
Bid7.62 x 4000
Ask7.78 x 2200
Day's Range7.56 - 7.89
52 Week Range5.91 - 21.09
Volume2,969,399
Avg. Volume4,785,615
Market Cap1.386B
Beta (3Y Monthly)4.03
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2000-06-13
1y Target EstN/A
Trade prices are not sourced from all markets
All
News
Press Releases
  • PR Newswire6 days ago

    McDermott Awarded Paraxylene (pX) Technology Contract in China

    HOUSTON, June 13, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced that it has been awarded a sizeable* technology contract by Ningbo Union King Polyester Material Limited for the technology license, process design engineering, and operator training services for a large-scale, grassroots 1,600 KTA paraxylene (pX) plant at Ningbo Union King's petrochemicals facility in Ningbo, China. Lummus Technology is the exclusive licensor of BP's pX technology, which offers pX production at purities of 99.8 percent with lower energy consumption and lower capital costs compared to more traditional pX technologies.

  • PR Newswire14 days ago

    McDermott Announces Contract Agreement for Mozambique LNG Development

    HOUSTON, June 5, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced that CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development. CCS JV's project scope includes the onshore engineering, procurement and construction (EPC) for all components of the onshore LNG development, which includes two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum (MTPA), plus the associated utilities and infrastructure.

  • PR Newswire19 days ago

    McDermott Announces First Cargo from Cameron LNG Train 1

    HOUSTON, May 31, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced that the first cargo of liquefied natural gas (LNG) has been shipped from the Cameron LNG project in Hackberry, La. On May 14, McDermott announced first liquid from Cameron LNG Train 1 and today's announcement of first cargo is a precursor to completion of Train 1. "Shipping the first cargo from Train 1 is a tremendous achievement for McDermott and the joint venture project team, especially while maintaining a very strong safety record on such a large-scale and complex project," said Samik Mukherjee, Group Senior Vice President of Projects for McDermott.

  • PR Newswire27 days ago

    McDermott Reaffirms Schedule for Freeport LNG Project

    HOUSTON, May 23, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today reaffirmed its previously disclosed schedule for the Freeport LNG project in Freeport, Texas. As disclosed on April 29, 2019, McDermott expects initial LNG production from the third and final train to occur in the first quarter of 2020. McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry.

  • McDermott Awarded Petrochemicals Technology Contract in Hungary
    PR Newswire27 days ago

    McDermott Awarded Petrochemicals Technology Contract in Hungary

    HOUSTON, May 23, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced that it has been awarded a sizeable* technology contract by MOL Petrochemicals for the basic engineering, technology license, catalyst and Front End Engineering Design (FEED) for an Olefins Conversion Technology (OCT) unit at MOL's petrochemicals complex in Tiszaújvaros, Hungary. Once complete, this unit will have a production capacity of 100,000 MTA of polymer grade propylene from steam cracker and refinery feedstocks, utilizing Lummus' proprietary OCT, and CDHydro® Deisobutenizer.

  • PR Newswire28 days ago

    McDermott Reaffirms Schedule for Cameron LNG Project

    HOUSTON, May 22, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today reaffirmed its previously disclosed schedule for the Cameron LNG project in Hackberry, Louisiana. As disclosed on April 29, 2019, McDermott expects initial LNG production from the third and final train to occur in the second quarter of 2020. McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry.

  • PR Newswirelast month

    McDermott Announces First Liquid from Cameron LNG Train 1

    HOUSTON, May 14, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced that Train 1 of the Cameron LNG project in Hackberry, La., has begun producing liquefied natural gas (LNG). "When a facility starts producing a product, it is always a significant accomplishment, especially for such a large-scale project like Cameron LNG," said Mark Coscio, McDermott's Senior Vice President for North, Central and South America. "We are proud of our project team for this achievement and for their exceptional safety performance during the construction phase.

  • PR Newswirelast month

    McDermott Awarded EPCI Contract by Petrobras for Sepia Field Project

    HOUSTON, May 14, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced the award of a significant* contract by Petrobras for engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, located 174 miles (280 kilometers) from the Rio de Janeiro coastline in Brazil. The project scope includes detailed engineering, surveys, supply, installation and pre-commissioning of rigid pipelines, jumpers, buoyance modules, strakes and riser monitoring systems for seven-riser wells (3 producers and 4 injector wells) connected to the floating production, storage and offloading (FPSO) Carioca vessel. "McDermott has had a strong presence in Brazil going back more than four decades, and we see tremendous opportunity for growth in the region," said Mark Coscio, McDermott's Senior Vice President for North, Central and South America.

  • McDermott Awarded Polypropylene Technology Contract in India
    PR Newswirelast month

    McDermott Awarded Polypropylene Technology Contract in India

    HOUSTON, May 13, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced that it has been awarded a sizeable* technology contract by Chennai Petroleum Corporation Limited (CPCL), a group company of IndianOil, for the license, basic engineering design and proprietary catalyst supply for a 475 KTA (Kilo Tons per Annum) polypropylene plant in Nagapattinam, Tamil Nadu, India.

  • PR Newswirelast month

    McDermott Awarded Sizeable Offshore Contract by ADNOC

    HOUSTON, May 9, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) announced it has been awarded a sizeable* contract by ADNOC to provide FEED services on a design-competition basis for phase one of the Umm Shaif Gas Cap Condensate Development Project. The scope of work also includes the preparation and submission of an EPCI proposal reflecting the design of the offshore facilities developed by McDermott through this FEED work. "This award reflects the market's recognition that McDermott is well qualified to provide execution-focused engineering design services to clients," said Linh Austin, McDermott's Senior Vice President, Middle East and North Africa.

  • PR Newswirelast month

    McDermott Comments on Cost Position of Cameron Project

    HOUSTON, May 7, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today reiterated the position it had announced on April 29, 2019, that its Cameron LNG project did not experience any material change in its cost position in the first quarter of 2019. The company's statement comes in response to an announcement yesterday by Chiyoda Corporation, McDermott's joint venture partner in executing the contract, that Chiyoda had recorded an unquantified change in estimate on the Cameron project in the first quarter of 2019, along with charges on other projects, pending arbitration cases and other matters. McDermott is not involved in Chiyoda's new Strategy & Risk Integration Division, which was mentioned in its news release.

  • PR Newswire2 months ago

    McDermott Announces Results of Annual Stockholders' Meeting

    HOUSTON , May 2, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today the results of its Annual Meeting of Stockholders held Thursday, May 2, 2019 in London, England . Based on ...

  • PR Newswire2 months ago

    McDermott Awarded FEED Contract by ADNOC Refining

    HOUSTON, May 1, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) announced it has been awarded a sizeable* contract by ADNOC Refining to provide front-end engineering design (FEED) services for the Refinery Offgases (ROG) project at the Ruwais Refinery in Abu Dhabi. The ROG FEED services will be used as the basis for the preparation of the engineering, procurement and construction management (EPCM) estimate and inquiry phase. Work on the project will begin immediately, and the contract award will be reflected in McDermott's second quarter 2019 backlog.

  • PR Newswire2 months ago

    McDermott Awarded EPC Contract by ENI México for Amoca Field Offshore Mexico

    HOUSTON, April 30, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced the award of a contract by ENI México for engineering, procurement and construction of wellhead platform one (WHP1) to be installed in the Amoca field, located approximately 18 miles (30 kilometers) offshore Dos Bocas in southeast Mexico.

  • PR Newswire2 months ago

    McDermott Completes Final Offshore Campaign for Ichthys LNG Project

    HOUSTON, April 29, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) announced today it has recently successfully completed the final offshore campaign for the INPEX-operated Ichthys LNG Project, located offshore Western Australia. This was the second of two remaining work packages left under McDermott's contract, which was the largest subsea contract ever awarded at the time. Most of the EPCI for the SURF contract awarded in January 2012 was completed by the end of 2017.

  • PR Newswire2 months ago

    McDermott Reports First Quarter 2019 Financial and Operational Results

    New awards of $6.7 billion and book-to-bill ratio of 3.0x 41% sequential-quarter increase in backlog to $15.4 billion No material increase in cost estimates on Cameron LNG and Freeport LNG projects; Cameron ...

  • McDermott Awarded Petrochemicals Contract in Kuwait
    PR Newswire2 months ago

    McDermott Awarded Petrochemicals Contract in Kuwait

    - Technology award for Kuwait Integrated Petroleum Industries Company (KIPIC) Petrochemical Refinery Integration Project (PRIZe) in Kuwait - Award includes basic engineering, technology license, and catalyst ...

  • PR Newswire2 months ago

    McDermott Announces Date for First Quarter 2019 Financial Results and Conference Call

    HOUSTON , April 16, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE:MDR) will report financial results for the first quarter of 2019 on Monday, April 29, 2019 before the opening of the New York ...

  • McDermott and Chiyoda Introduce Feed Gas to Train 1 at Cameron LNG
    PR Newswire2 months ago

    McDermott and Chiyoda Introduce Feed Gas to Train 1 at Cameron LNG

    - Achievement builds on McDermott's experience in the LNG industry - Feed gas marks transition from construction to startup - Project team achieved outstanding safety performance throughout construction ...

  • PR Newswire2 months ago

    McDermott Awarded Large Offshore EPCI Jackets Contract by Qatargas

    The contract for new facilities includes the full suite of EPCI services for eight new offshore jackets. McDermott plans to use its project management and engineering teams in Doha, Qatar, with fabrication primarily taking place at McDermott's facilities in Batam, Indonesia.

  • McDermott Announces Chevron Lummus Global Technology Award in India
    PR Newswire3 months ago

    McDermott Announces Chevron Lummus Global Technology Award in India

    HOUSTON, April 3, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced that Chevron Lummus Global (CLG), McDermott's joint venture with Chevron, has been has been awarded a sizeable* technology contract by Chennai Petroleum Corporation Limited (CPCL) for the license and basic engineering design of a 2,500 KTA delayed coker at its planned Cauvery Basin Refinery at Nagapattinam in Tamilnadu, India. The unit will utilize the proprietary CLG delayed coking technology which maximizes value from the vacuum residue stream.

  • PR Newswire3 months ago

    McDermott Signs Joint Venture Agreement with Zamil Offshore to Address MMO Market in Saudi Arabia

    - McDermott to work exclusively with Zamil Offshore to provide Saudi Aramco with Maintenance, Modifications and Operations (MMO) services - Joint venture will open a new market segment for McDermott in ...

  • PR Newswire3 months ago

    McDermott Awarded EPCM Contract for Unipetrol Refinery

    - McDermott to provide its industry-leading engineering, procurement and construction management (EPCM) services to upgrade Unipetrol's hydrocracking unit - Supports McDermott's strategy to grow its footprint ...

  • PR Newswire3 months ago

    McDermott Awarded Substantial Offshore EPCI Contract in the Middle East

    The contract for new facilities includes the full suite of EPCI services for six new offshore jackets as well as three associated topsides. The project scope also includes eight kilometers (4.9 miles) of 28-inch corrosion resistant alloy cladded pipeline, two inter-platform bridges, eight kilometers (4.9 miles) of composite cables as well as brownfield works at the existing offshore facilities. The duration of the work is expected to be approximately 34 months and the contract award will be reflected in McDermott's first quarter 2019 backlog.

  • McDermott Announces Ethylene Award in Russia
    PR Newswire3 months ago

    McDermott Announces Ethylene Award in Russia

    HOUSTON, March 20, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced that it has been awarded a large* technology contract for the basic engineering and licensing of Irkutsk Oil Company's (IOC) 650 KTA ethylene plant in Russia, plus the detailed engineering and material supply of six SRT® (Short Residence Time) pyrolysis heaters for the plant. The plant will be designed to produce 650 KTA of polymer grade ethylene from ethane and propane, and will also produce high-purity hydrogen and C5 by-products.