Recent events
Recent events tied to this brand in public sources.
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2021
McDermott appoints Samik Mukherjee as executive vice president and COO
McDermott International Ltd announced that Samik Mukherjee was appointed executive vice president and chief operating officer.
2020
McDermott appoints Tareq Kawash to lead its EMEA region
McDermott announced Tareq Kawash as Senior Vice President for its Europe, Middle East and Africa region, effective immediately.
2020
McDermott completes restructuring
McDermott International completed its restructuring, which converted nearly all of its $4.6 billion in funded debt and left the company with $544 million of funded debt and $2.4 billion in letter-of-credit capacity.
2020
McDermott completes restructuring
McDermott announced that it had completed its comprehensive restructuring, which equitized nearly all of its $4.6 billion in funded debt.
2020
McDermott sells former Shaw pipe fabrication assets
McDermott International sold the former Shaw Group pipe fabrication assets to Ithaca Acquisitions Holdings. The deal also transferred rights to The Shaw Group trademark; the purchase price was not disclosed.
2020
CB&I Storage Solutions wins two storage tank awards
McDermott announced that its storage business, CB&I Storage Solutions, received two Field Erected Storage Tank of the Year awards from the Steel Tank Institute/Steel Plate Fabricators Association.
2020
Ithaca completes acquisition of Shaw pipe fabrication assets
Ithaca Acquisition Holdings reported that it completed its acquisition from McDermott International of the former Shaw Group pipe fabrication assets.
2020
McDermott announces planned sale of Lummus Technology
McDermott announced plans to sell its petrochemical and refining technology group, Lummus Technology, to The Chatterjee Group and Rhône Group for US$2.7 billion, subject to a court-supervised auction process.
2020
McDermott announces planned Chapter 11 bankruptcy filing
McDermott announced that it will file for Chapter 11 bankruptcy as part of a restructuring that the company says will eliminate $4.6 billion in debt.
2020
McDermott announces January 2020 cue giveaway
McDermott announced a January 2020 giveaway giving fans a chance to win a customized G437C pool cue; a winner was to be selected at the end of the month.