Tillkännagivande • May 18
Mcdermott International Ltd. to Report Q1, 2026 Results on May 20, 2026 Mcdermott International Ltd. announced that they will report Q1, 2026 results Pre-Market on May 20, 2026 Tillkännagivande • Jul 17
Mcdermott International Ltd. Announces Board Changes McDermott International Ltd. announced the appointments of Michael Martino, co-founder and principal of Mason Capital Management, LLC (Mason), and Farhad Nanji, co-founder of MFN
Partners, LP, to the company's Board of Directors effective August 15, 2025. The company also announced the appointment of Michael McKelvy, President and CEO of McDermott, as Chair of the Board, and Neil Bruce as Lead Independent Director. Mr. Nanji co-founded MFN Partners Management, LP, a value-oriented investment management firm based in Boston, Massachusetts, in 2016. He was managing director of Highfields Capital Management LP. Mr. Nanji has been a member of the PennyMac Board since the company's formation in December 2012, and he chairs the Compensation Committee. He holds an M.B.A. from Harvard Business School and a Bachelor of Commerce degree from McGill University. These appointments fill vacancies on the Board following the retirements of Nils Larsen, who joined the Board in 2020 and served as Chair of the Board from 2020 to 2025, and Tom Burke, who joined the Board in 2023. Tillkännagivande • Jun 11
McDermott Circularity Calculator Aligns with ISO 59020; Supports Sustainability in Project Delivery McDermott announces the launch of a Circularity Calculator, aligned to ISO 59020 standards, to support growing demand for transparent circular economy performance measurement across the lifecycle of energy infrastructure projects. Developed in-house, the tool provides a standardized, data-driven method for assessing circularity from design through to decommissioning. The new tool is part of McDermott's strategy to embed circularity principles across all phases of project execution, with the following benefits: ISO 59020 alignment: Independently assured to meet international standards for circularity measurement. Lifecycle insights: Quantifies the recyclability or reuse potential of a design.
Measurement and reporting: Provides quantifiable data as a basis for decision making in material selection. Initially deployed across McDermott's decommissioning portfolio, the calculator quantifies circularity based on data collected after processing materials through recycling, reuse, and other disposal pathways. Tillkännagivande • Apr 03
McDermott Appoints Maurizio Coratella as Executive Vice President and Chief Operating Officer, Effective from May 1, 2024 McDermott announced Maurizio Coratella as Executive Vice President and Chief Operating Officer effective May 1, 2024. In his new role, Coratella will apply his more than three decades of industry leadership and engineering and construction expertise to continue the momentum established by the company's growing backlog and expanding energy transition practice. He will lead delivery of integrated engineering and construction solutions across the energy value chain—from concept to decommissioning. Coratella spent much of his career in executive, operations and project leadership roles at large, international engineering and construction firms. In this capacity, he had oversight of upstream, midstream and downstream operations as well as engineering and fabrication across global locations. Throughout his career, he has driven innovation and advanced the energy transition by leveraging new technologies throughout the engineering and construction project lifecycles. Most recently, he was Chief Operating Officer of startup focused on carbon reduction in the steel industry. His early career was spent in the onshore and power generation sectors of the industry and included various operations, project management and engineering positions for large LNG, power generation projects in international locations such as Italy, Egypt and the Middle East. Coratella served on the Board of Directors of Siirtec Nigi SpA, an engineering firm serving the oil and gas industry. In addition to various executive and leadership certifications, he holds a masters degree in Industrial Engineering from Politecnico di Milano. Tillkännagivande • Mar 13
McDermott Names Linda Borne Senior Vice President and Chief Human Resources Officer McDermott announced Linda Borne has been named Senior Vice President and Chief Human Resources Officer. Borne previously served as Vice President of Human Resources (HR) and a member of the company's executive committee since 2023, leading the global HR team and progressing McDermott's People Strategy. Borne joined the McDermott HR team in 1989 on a project and since then she has led regional and business line HR and the implementation of a global management system. Most recently, she served as Vice President of HR Operations across all of the company's business lines. Borne is a member of several HR industry organizations, including Evanta. She earned a bachelor's degree in Business Administration from Nicholls State University, Thibodaux, Louisiana. Tillkännagivande • Sep 02
Mcdermott International Ltd. Completes Process Module Sail Away on Tyra Redevelopment Project McDermott International has successfully completed the sail away of the Tyra East G (TEG) gas processing module on the Tyra Redevelopment Project for TotalEnergies and its Danish Underground Consortium partners Noreco and Nordsøfonden. The module weighs approximately 18,700 tons (17,000 metric tons) and set sail on September 1 from McDermott's facility in Batam, Indonesia. This important milestone is the culmination of more than 18.8 million work hours of engineering and constructing the process module. The TEG module will be a crucial part of Tyra II; the new high-tech hub for Denmark's natural gas production and will reduce CO2 emissions by 3%. The Tyra Redevelopment project represents the larger ever oil and gas investment in the Danish North Sea. Once the redeveloped Tyra II is back on stream, it is expected to deliver 2.8 billion cubic meters of gas per year which amounts to 80 percent of the forecasted Danish gas production. Tyra II will secure continued production of natural gas with 30% less CO2 emissions, significantly contributing to Denmark's energy security by reducing Denmark and the EU's dependency on Russian gas. The new facilities will be located approximately 139 miles (225 kilometers) west of Denmark in the North Sea. Tillkännagivande • Jan 28
McDermott International, Ltd Launches ArborXD McDermott International Ltd. launched ArborXD, a web-based tool that supports carbon-conscious decision making for energy customers seeking pathways to net-zero operations. It provides data collection, estimation and reporting on the potential carbon impact of energy facilities before construction begins. Embedded as early as the design phase, ArborXD is applied throughout the energy project life cycle whether a concept, front-end engineering design or an engineering, procurement, construction and installation project. As a web-based tool, ArborXD provides customers access to life cycle footprint estimates, cost tradeoff analyses, emission reduction pathways and environmental impact assessments. Tillkännagivande • Nov 30
Mcdermott International Ltd. Completes Net Zero LNG Construction Study for Shell McDermott recently completed a liquefied natural gas (LNG) construction study identifying tangible reduction pathways toward net-zero construction emissions on behalf of Shell Global Solutions International B.V. The results of this study provide a strategic framework for reducing greenhouse gas (GHG) emissions in LNG facilities during the project execution phase. Study results include emission reduction opportunities, in order of magnitude, based on mapping key sources and the identification of low-carbon alternatives during construction. These include site efficiency improvements, replacing diesel powered equipment with lower GHG intensity alternatives, module fabrication and construction and sourcing lower intensity raw materials. The study also provides more clarity on the associated environmental, social and economic considerations of future projects. Building on this study, McDermott is also engaging with Shell to identify low-carbon solutions to help reduce GHG emissions in McDermott's operations. Tillkännagivande • Jun 03
McDermott International, Ltd Completes KG-D6 Satellite Cluster Project McDermott International Ltd. announced it has completed work on Reliance Industries Limited KG-D6 Satellite Cluster Project, off the east coast of India. The Satellite Cluster Project scope included subsea pipelines and the installation of jumpers, umbilicals, in-line structures, pipelines, subsea manifolds and associated structures and pre-commissioning of pipelines and umbilicals. McDermott's Derrick Lay Vessel 2000 and North Ocean 102 were used on the scope. At its peak, there were approximately 500 personnel working offshore supporting installation and pre-commissioning activities. Tillkännagivande • Jan 12
Mcdermott International Ltd. Completes Reliance's KG-D6 R Cluster Project McDermott International Ltd. announced it has completed the KG-D6 R Cluster subsea field development project and achieved pre-commissioning and ready for startup for Reliance Industries Ltd., in the Krishna Godavari Basin, located off the east coast of India. For the KG-D6 R Cluster project, McDermott built a yard facility in India for the fabrication of risers, jumpers and marine logistics support. The project comprised two offshore campaigns. During the first campaign, the DLV 2000 completed McDermott's first piggy-back pipelay in S-lay mode (18-inch plus a four-inch) in 4,265 feet (1,300 meters) water depth. It also included the installation of the first ever ultra-deepwater structure, weighing 343 tons, for the DLV 2000. Several six-inch pipelines, PLETs and manifolds were installed in water depths up to 6,447 feet (1,965 meters). In addition, McDermott installed India's longest dual riser. The second campaign included installation of manifolds, manifold piles, flowlines, PLETs (S-mode and J-mode), in-line structures, jumpers and umbilicals in ultra-deepwater depths, together with major brownfield modifications to Reliance's control and riser platform. Successful flowline and umbilical installation were completed in 6,561 feet (over 2,000 meters) water depth using McDermott vessels: DLV 2000; Lay Vessel 108; North Ocean 102. Tillkännagivande • Jan 08
Qatargas Awards Offshore Engineering Contract to McDermott McDermott International Ltd. announced it has been awarded a contract from Qatargas to deliver front-end engineering and design (FEED) work for Qatar Petroleum's North Field South (NFS) project. The contract scope includes the replication of five offshore wellhead platforms. The FEED contract will be executed from McDermott's Doha office and work will begin immediately. 
