# McDermott International, Ltd

> McDermott designs, procures, fabricates, constructs and installs energy infrastructure for large industrial customers worldwide. Its engineering teams, fabrication facilities and specialist vessels connect project design to offshore execution; its history also shows the financial risks of delivering megaprojects under demanding contracts.

- **Founded:** 1923
- **Headquarters:** Houston, United States
- **Founders:** Ralph Thomas McDermott (Founder)
- **Products:** Integrated EPCI delivery, Subsea and floating facilities, LNG facilities, Offshore platforms, HVDC offshore infrastructure
- **Notable:** Engineering and installation heritage includes an out-of-sight-of-land steel platform in 1947, according to company history., Amazon has an ultra-deepwater J-lay system rated for 3,500 metres water depth., BorWin6 fabrication included a six-crane tandem lift weighing 1,962 metric tonnes.

## Products & services

- **Integrated EPCI delivery** — Engineering, procurement, construction and installation for energy infrastructure, with commissioning and project management.
- **Subsea and floating facilities** — Subsea infrastructure, rigid and flexible pipelay, floating production facilities and decommissioning.
- **LNG facilities** — Early design, engineering, procurement, fabrication and construction for liquefaction and regasification facilities.
- **Offshore platforms** — Jacket and topside fabrication, transport, heavy lifting and offshore installation.
- **HVDC offshore infrastructure** — Fabrication and installation capabilities for offshore grid connection platforms, including BorWin6.
- **Low carbon project development** — Engineering capabilities for hydrogen, ammonia, carbon capture, sustainable aviation fuel and other low carbon pathways.
- **Front-end engineering and consultancy** — Pre-FEED, FEED and project management consultancy to define and support capital projects.

## Achievements

- Engineering and installation heritage includes an out-of-sight-of-land steel platform in 1947, according to company history.
- Amazon has an ultra-deepwater J-lay system rated for 3,500 metres water depth.
- BorWin6 fabrication included a six-crane tandem lift weighing 1,962 metric tonnes.
- ADNOC awarded an Umm Shaif EPCI contract in August 2026 classified by McDermott as over US$1 billion.

## Latest updates

- **2026-09** — Completed $500 million equity financing and $550 million Nordic bond issuance as part of comprehensive refinancing on September 21.
- **2026-09** — Awarded Eni Cronos subsea contract offshore Cyprus; company-disclosed value band US$500 million to US$750 million.
- **2026-08** — Awarded ADNOC Umm Shaif Package 4 EPCI contract, disclosed as over US$1 billion.
- **2026-08** — Reported Q2 revenue of US$2.3 billion, net income of US$41 million, operating cash outflow of US$76 million and quarter-end backlog of US$15.8 billion.
- **2026-08** — SMDC joint venture received Rovuma LNG letter of intent for limited engineering and procurement; this is not a final full construction award.
- **2026-07** — Signed cooperation agreement with ULC-Energy for Rolls-Royce SMR development and industrial integration.

## Links

- Website: https://www.mcdermott.com
- LinkedIn: https://www.linkedin.com/company/mcdermott-international-inc-
- Twitter/X: https://twitter.com/McDermott_News
- YouTube: https://www.youtube.com/channel/UCh9TVlKjIPTpeaJVVF8DPjw
- Instagram: https://www.instagram.com/mcdermott_international/
- Facebook: https://www.facebook.com/McDermottOfficial

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Profile page: https://yespress.io/mcdermott-international-ltd
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Last updated: 2026-10-22