Leaders in Supply & Demand Side Intelligence

Forgot your login?

Enter the e-mail address you used when you registered an account with IIR Energy.

A message will be sent to the E-Mail Address found in our records containing the associated username(s) as well as instructions for a password reset.

E-Mail:

NavigatIIR: McDermott's Future in Doubt as Financial Woes Threaten its Role in $139 Billion of Projects

Premium Article

SUGAR LAND--November 26, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering, procurement and construction (EPC) giant McDermott International (NYSE:MDR) (Houston, Texas) is looking at an uncertain future, as 2019 has been a bruising year for its public image and bottom line. In addition to troubled legacy assets from CB&I, which it acquired last year, McDermott's operational expenses have been outstripping its revenues, which were weaker than expected in the third quarter. Industrial Info is tracking nearly $139 billion in active projects involving McDermott, nearly $46 billion of which are under construction.

Within this article: Details on some of the highest-valued projects in the U.S. and Canada featuring McDermott, including those from major companies such as Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Saudi Basic Industries Corporation, Total S.A. (NYSE:TOT), Kiewit Corporation, Wood plc, Sempra Energy (NYSE:SRE), Qatar Petroleum, NextDecade Corporation (NASDAQ:NEXT), NV Energy and Berkshire Hathaway Incorporated (NYSE:BRK.A).

Details on this Article:
Industry Segment: Power
Word Count: 111 Words
Listen to Today's News News Audio Library Sync News Podcasts

Login or Register now for instant access!
Related Articles

PREMIUM ARTICLE

This article is available for Premium Members only.

Subscribe Now! All Fields are Required...



Pricing Help?

Upgrade your Premium News Subscription to include all archived articles for only $160. Contact Member Services: 800-762-3361

All Members Receive the Following Free Resources:

  • North American Project & Gap Spending
  • North American Plant Analysis by Industry & Market Region
  • Market Maps & Stats - Capital & Maintenance Activity
  • Current & Historic Economic Indicators
  • 30/60/90 Day Weather Forecast