McDermott

McDermott contributes to Europe’s climate neutrality goals by delivering HVDC and HVAC substations using global fabrication assets.

McDermott executes LNG projects from concept to commissioning, offering modular and stick-built solutions across the value chain.

McDermott advances green hydrogen, green ammonia, carbon capture, sustainable aviation fuel, and low-carbon fuels in the energy transition.

McDermott’s track record and customer relationships establish it as a leader in offshore field development EPCI services.

McDermott shares updates on contract wins, initiatives, and partnerships.

HOUSTON, Dec. 2, 2025 /PRNewswire/ -- McDermott International, Ltd today announced the appointment of Ahmed Ali Attiga, former Chief Executive Officer of the Arab Petroleum Investments Corporation (APICORP), to the company's Board of Directors.

Company Strengthens Position in Asia's Subsea Market

McDermott was awarded a contract for front-end engineering and design of Metafuels’ synthetic sustainable aviation fuel facility in Rotterdam.

McDermott offers engineering and construction solutions to transform global energy resources into essential products.

The company’s employees deliver complex energy projects and drive sustainable, lower-carbon solutions.

The company employs over 30,000 people to design and build energy infrastructure globally.

McDermott provides engineering and construction solutions for the energy industry, transforming resources into essential products from concept to decommissioning.

McDermott equips employees and partners with ethical standards for business conduct.

McDermott integrates engineering, fabrication, and marine operations to deliver energy projects that support security and lower-carbon solutions.

McDermott sets quality, health, safety, environment, and security (QHSES) standards and encourages partners to adopt them.

An integrated approach to responsibly harness and transform global energy resources into the products the world needs

Effective Date: 15 August 2025Last Updated: 13 October 2025

McDermott secures $500 million through an equity rights offering and issues a $550 million Nordic bond to bolster its financial foundation. The company also establishes a new long-term Letter of Credit facility to support future operations and expansion. These moves aim to enhance liquidity and stability for sustained growth.

Sep 2026PR NewswireNews article

McDermott secures a subsea contract from **Eni Cyprus Limited** for the **Cronos gas field development** offshore Cyprus. This marks the company’s first subsea project with Eni and strengthens its operations in the Eastern Mediterranean. The contract supports offshore gas infrastructure development in the region.

Sep 2026PR NewswireNews article

McDermott reports a **positive net income of $41 million** and **revenue of $2.3 billion** for Q2 2026, exceeding its 2026 annual business plan targets. The company’s **trailing twelve-month (TTM) adjusted EBITDA reaches $519 million**, reflecting strong financial performance. These results highlight operational efficiency and growth in its core business segments.

Aug 2026PR NewswireNews article

McDermott International priced a **$550 million** 10.5% senior secured first-lien bond** due 2031 in the Nordic market. Proceeds will be held in escrow pending completion of broader refinancing conditions, including other transaction milestones. The bonds support the company’s debt restructuring efforts.

Jul 2026PR NewswireNews article