HOUSTON
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July 12, 2023
/PRNewswire/ -- McDermott secured a major contract from Qatargas Operating Company Limited to deliver engineering, procurement, construction, and installation (EPCI) for the North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipeline and Subsea Cables Project, COMP1.

HOUSTON
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July 24, 2023
/PRNewswire/ -- McDermott has secured a master services agreement (MSA) from Gevo, Inc., to provide front end engineering and early planning services for Gevo's development of multiple sustainable aviation fuel facilities in North America. The first facility, Net-Zero 1, is expected to be constructed near Lake Preston, South Dakota.

HOUSTON
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July 31, 2023
/PRNewswire/ -- McDermott has been awarded a project management consultancy (PMC) and engineering, procurement, and construction management (EPCM) contract for the Naphtha Cracker Expansion (Phase II) polypropylene expansion and new ethylene derivative unit project from Indian Oil Corporation Limited (IOCL).

Reaches Transaction Support Agreement with More Than 75% of Secured Letter of Credit Facility Providers, Funded Debt Creditors and Equity Holders


Receives $250 Million in New Capital


The Agreement Extends Company's Loans and Letter of Credit Facilities Three Years, Until Mid-2027


Company to Continue All Operations


No Impairment to Vendors, Projects, or Customers

HOUSTON
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Aug. 30, 2023
/PRNewswire/ -- CB&I, McDermott's storage business, has received Approval in Principle (AiP) for its design of a liquid hydrogen (LH2) cargo containment system from DNV, a leading classification society for shipping. CB&I collaborated with Shell International Trading and Shipping Company Limited (Shell) to provide safe LH2 shipping solutions that enable hydrogen energy supply chains.

HOUSTON
,
Sept. 21, 2023
/PRNewswire/ -- McDermott has been awarded a transportation and installation contract by PRIO (former PetroRio) for the Wahoo field, offshore Brazil.

HOUSTON
,
Oct. 30, 2023
/PRNewswire/ -- McDermott has signed a lighthouse agreement with AVEVA, a global leader in industrial software, and Aras, a product lifecycle management (PLM) platform provider, to develop its asset lifecycle management capability across the energy transition, oil and gas, and nuclear sectors.

HOUSTON, Oct. 31, 2023 /PRNewswire/ -- A consortium comprised of McDermott and Petrovietnam Technical Services Corporation (PTSC) has received a limited letter of award from Phu Quoc Petroleum Operating Company for engineering, procurement, construction, installation (EPCI), and hook-up and commissioning (HUC) services.

HOUSTON
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Nov. 7, 2023
/PRNewswire/ -- McDermott has been awarded a large* transportation and installation contract by the Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project, located off the east coast of India.

HOUSTON
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Nov. 21, 2023
/PRNewswire/ -- McDermott has been awarded a sizeable* engineering, procurement, removal and disposal contract by Santos. The offshore decommissioning award is for the full removal and disposal of the Campbell platform structure, which is part of the Varanus Island Hub offshore infrastructure in Western Australia.