HOUSTON, Sept. 29, 2021 /PRNewswire/ -- McDermott has joined AquaVentus, a growing consortium of more than 70 companies, organizations and research institutions collaborating toward green hydrogen energy production in the North Sea.
AquaVentus unites international industry leaders with a shared vision for advancing hydrogen's role as a low-carbon, affordable energy solution-combining their unique expertise to make that future a reality.

HOUSTON, Sept. 14, 2021 /PRNewswire/ -- McDermott continues to take significant steps to support Saudi Arabia's ongoing efforts to increase localization in line with the Saudi Vision 2030. McDermott signed a Memorandum of Understanding (MoU) with Saudi Aramco as part of its Namaat Program to explore the feasibility of executing onshore modular construction in the Kingdom using McDermott's Saudi Arabia Fabrication In Ras Al-Khair (SAFIRA) fabrication yard.

HOUSTON, Sept. 13, 2021 /PRNewswire/ -- McDermott's Amazon vessel, following a sophisticated upgrade to its ultra-deepwater capabilities, is coming to the Gulf of Mexico to support a subsea contract for the Whale Development in Alaminos Canyon.

HOUSTON, June 22, 2020 /PRNewswire/ -- McDermott International, Inc. today announced it has been awarded a *sizeable Pre Front End Engineering Design (preFEED) contract from 8 Rivers Capital for their NET Power UK project with the UK Department for Business, Energy and Industrial Strategy.

HOUSTON, March 12, 2020 /PRNewswire/ -- McDermott International, Inc. ("McDermott" or the "Company") today announced that the U.S. Bankruptcy Court for the Southern District of Texas (the "Court") has confirmed the Company's Plan of Reorganization (the "Plan") and approved the sale of Lummus Technology to a joint partnership between The Chatterjee Group and Rhône Capital (the "Joint Partnership").

HOUSTON, Jan. 23, 2020 /PRNewswire/ -- McDermott International, Inc. today announced that the U.S. Bankruptcy Court for the Southern District of Texas has granted the Company approval for all of first day motions related to its prepackaged Chapter 11 restructuring. The approved motions will immediately solidify the Company's liquidity position and help guarantee that McDermott continues operating its business in the normal course throughout its balance sheet restructuring.

HOUSTON, Jan. 21, 2020 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) ("McDermott") today announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the Company's funded debt, eliminating over $4.6 billion of debt.

HOUSTON, Dec. 12, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract for Next Wave Energy Partners, LP's grassroots alkylate production facility, known as Project Traveler, in Pasadena, Texas.

HOUSTON, March 11, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) and Baker Hughes, a GE company (NYSE: BHGE) have announced today that they have been awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts by BP for the Greater Tortue Ahmeyim natural gas project, located offshore Mauritania and Senegal.

HOUSTON, Feb. 25, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) today reported revenues of $2.1 billion and net loss of $(2.8) billion, or $(15.33) per diluted share, for the fourth quarter of 2018.