|Bid||8.15 x 800|
|Ask||8.16 x 1800|
|Day's Range||7.94 - 8.19|
|52 Week Range||5.91 - 21.09|
|Beta (3Y Monthly)||4.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.79|
- Facility has been turned over to the customer, Entergy Louisiana - Combined-Cycle Power Station began commercial operations on May 23 - New facility was completed ahead of schedule and on budget HOUSTON ...
However, if Occidental Petroleum's acquisition of Anadarko closes, the Mozambique assets are among those that will be sold to Paris-based Total.
Last week, MDR outperformed the energy sector for the second consecutive week. On June 5, MDR announced, “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 Development.”
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.
How the Energy Sector Fared Last Week(Continued from Prior Part)Energy stocksIn the week ending June 7, oilfield services stock McDermott International (MDR) rose the most among the stocks in the energy space. The stock is included in the following
The Mozambique LNG contract will be reflected in McDermott International's (MDR) backlog after Anadarko makes a final investment decision on the project, which is expected in June 2019.
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.
While McDermott (MDR) has a lot on its plate that may boost the firm's earnings and revenue prospects, execution issues, weak financials and bleak cash flow outlook may play spoilsports.
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.
McDermott (MDR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Qatar Petroleum awarded McDermott Middle East Inc. an engineering and design contract for pipelines and other facilities in the project to expand the offshore North Field, the energy firm said on Monday. ...
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.
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.
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.
“The economic engagement with Houston and this part of the country is very critical for us,” the Indian ambassador to the U.S. told the Houston Business Journal.
The company would have trouble getting its Houston office count down to one. Its CEO said it would always have a presence in Houston.
Freeport LNG selects KBR as the preferred bidder for the EPC contract for Train 4 at Freeport's export facility near Freeport, TX.
A year out from the merger with Chicago Bridge & Iron, McDermott International Inc.’s (NYSE: MDR) top executive is still happy with the deal. If anything, the strategic rational behind the $6 billion merger is even stronger today than it was at the time, said David Dickson, president and CEO of McDermott. McDermott has also taken steps toward some new opportunities in liquefied natural gas despite some “negative surprises” in that sector after the merger, Dickson said.
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.
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.
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.
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.
“We’ve still got a bit of work to go,” CEO David Dickson said on the sidelines of the Offshore Technology Conference in Houston. “But generally things are getting very much under control.”
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.