Mcdermott News

Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U.S., Europe and elsewhere ... with the exception of China.Reuters spoke to 12 offshore wind companies, industry researchers, trade associations, and government officials in six countries to come up with a global picture of the state of the industry and its outlook…

Seatrium has signed a Letter of Intent (LOI) with Japan-based Penta-Ocean Construction (POC) to carry out early engineering work for a 5,000t fully-revolving heavy lift vessel project for the Japan wind market.Subject to the final investment decision by POC, the full EPC contract award is expected in 1Q 2025.POC owns a range of self-propelling trailing suction hopper and cutter suction dredgers for marine construction works as well as two turbine installation vessels equipped with a 800t and a 1,600t lifting capacity crane respectively.

McDermott's heavy-lift and rigid pipelay vessel, the Derrick Lay Vessel 2000 (DLV2000), has been awarded the SUSTAIN-1 classification from the American Bureau of Shipping (ABS).This marks the first time a marine construction vessel in its class has achieved this sustainability certification.The SUSTAIN-1 classification recognizes the DLV2000 for its environmental performance, including energy efficiency, waste management, emissions reduction, and coastal ecosystem preservation."This…

Seatrium has secured multiple contracts for repairs and upgrades, with a total value of S$100 million ($760 million) from various long-standing partners and regular customers.The projects will be completed by Q12025 and include carbon capture and storage (CCS) retrofits, major repairs on yachts, cruise ships, LNG carriers, offshore vessels, tankers as well as damage repairs.Year to date, Seatrium has secured two CCS retrofit projects. Announced earlier this year, the first project is for Solvang ASA, Norway, involving the ethylene carrier Clipper Eris which is scheduled for November 2024.

McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production aboard a floating production storage and offloading (FPSO) facility.The strategic partnership aims to enable a viable pathway for offshore blue ammonia production, contributing to the global transition to low-carbon energy sources, and reinforcing both companies' commitment to sustainable energy practices.The collaboration will leverage…

Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately high-risk deals that might better suit the portfolios of ‘infrastructure investment’ which, in recent years, has taken a shift towards tolerating more uncertainty when it comes to cash flows.A 2022 article from consultants McKinsey, titled “Infrastructure investing will never be the same”…

CB&I, a wholly owned subsidiary of McDermott, has been awarded a significant contract by TotalEnergies and OQ joint venture for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank, located in Oman's Port of Sohar.Under the contract, awarded by Marsa Liquefied Natural Gas, CB&I will provide turnkey EPC services for a 165,000m3 full containment concrete LNG storage tank and associated piping to grade.Project delivery will be executed in Oman…

Saudi Arabia’s Ras Al-Khair Special Economic Zone (SEZ) said it is seeking local and foreign investors to help boost the Kingdom’s maritime infrastructure.With an initial area of 20 square kilometers, Ras Al-Khair SEZ, operated by the Royal Commission for Jubail and Yanbu, is an expanding zone with two focus areas, The King Salman International Complex for Maritime Industries and Services, and the Offshore Cluster supply chain. The SEZ is located next to Ras Al-Khair Port, the Kingdom’s newest industrial port.Ahmed M.

Shell has authorized contractor McDermott International to start engineering work on its Manatee gas field development project off Trinidad and Tobago's east coast, the contractor disclosed on Tuesday.Trinidad is Latin America's largest LNG exporter, but its flagship Atlantic LNG project and its petrochemical plants have been operating at reduced capacity due to a shortage of natural gas.McDermott said it got the green light to proceed on an engineering, procurement, construction and installation (EPCI) contract pending an investment decision.

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.CB&I collaborated with Shell International Trading and Shipping Company Limited to provide safe LH2 shipping solutions that enable hydrogen energy supply chains using gas carriers.The containment system design is based on CB&I's proven vacuum-insulated spherical technology for onshore LH2 storage. CB&I has designed and constructed more than 130 large, field-erected LH2 storage tanks worldwide over the past 60 years.

Dutch maritime equipment and technology firm Royal IHC has handed over the converted J-lay vessel Amazon to McDermott International.Royal IHC said: "For this project, Royal IHC has converted Amazon into the modern and state-of-the-art J-lay vessel it is today. The patented system, with dynamic top tension capacity of 1.500 tonnes, can handle a variety of pipes, including normal flowlines, export lines, and pipe-in-pipe configurations, ranging in size from 4.5 to 25 inches in diameter and inline assemblies.

Oil and gas company Noreco on Thursday announced the sailaway of the new Tyra II process module (the "TEG"), 10.15am local time, from Batam, Indonesia and bound for the TotalEnergies-operated Tyra gas field redevelopment project in the Danish North Sea.The process module was fabricated at the McDermott yard in Batam by McDermott and TotalEnergies, and the heavy transport vessel GPO Emerald will sail the 17,000 metric tons unit to the Tyra field in the Danish North Sea, a voyage of 8,700 miles taking approximately one month.

McDermott held a christening ceremony for its newly converted vessel Amazon in the port of Rotterdam, the Netherlands.Following the conversion, the vessel's upgraded specifications enable highly automated operations, the production of hex joints from single or double joints using an onboard multi-joint facility and a pipe hold capacity of 10,000 metric tons. Its increased level of automation also enables a significant reduction in the crew numbers required to safely perform pipelay operations…

Singapore's Keppel Offshore & Marine has, via its subsidiary Keppel Shipyard, secured contracts worth around S$250 million (~USD180,4 million) for the integration of two Floating Production Storage and Offloading vessels (FPSO).Keppel Offshore & Marine, which is set to merge with Sembcorp Marine, said Friday that the FPSO integration contracts were awarded by repeat customers, BW Offshore, and SBM Offshore.The first contract is between Keppel Shipyard and BW Offshore to carry out the integration work on a newbuild FPSO.

Mobile, Ala. repair yard Alabama Shipyard, LLC announced it has appointed Greg Wagner as its new chief executive officer (CEO).Wagner is joining the Alabama Shipyard team from the position of CEO at Navarro Capital Partners LLC., an oil and gas industry marine and subsea construction support services provider.Wagner is a graduate from the State University of New York Maritime College and has held various management and executive positions in marine operations, business development, and project and asset management.

Dutch offshore installation company Heerema Marine Contractors has been selected by Japan's INPEX as a contractor of choice for the transport and installation of the 4,800 metric ton Ichthys LNG Booster Compression Module (BCM), offshore W. Australia.The module will be installed on the Ichthys Explorer Central Processing Facility, located off the northwest coast of Western Australia, as part of the Ichthys LNG phase 2 development.Heerema will transport the BCM from the fabrication yard on Batam Island in Indonesia to the Ichthys field before installing it in a single lift.

Offshore engineering and construction company McDermott said Monday it had completed a liquefied natural gas (LNG) construction study  for Shell, "identifying tangible reduction pathways toward net-zero construction emissions."The results of this study provide a strategic framework for reducing greenhouse gas (GHG) emissions in LNG facilities during the project execution phase, McDermott said."Operators continue to seek actionable plans to advance their commitments to net-zero emissions by 2050…

Dutch FPSO specialist SBM Offshore has won contracts to perform Front End Engineering and Design (FEED) for an FPSO for Exxon's Yellowtail development offshore Guyana. This will be SBM Offshore's largest-ever FPSO.The FEED contract for what will be Guyana's fourth FPSO, and fourth delivered by SBM Offshore, triggers the initial release of funds by ExxonMobil to begin FEED activities and secure a Fast4Ward hull. The Fast4Ward program includes a new build, multi-Purpose Floater hull combined with several standardized topsides modules.

Saudi Arabia's national oil company Saudi Aramco has signed a memorandum of understanding with energy industry construction and installation firm McDermott to explore the use of McDermott's SAFIRA fabrication yard for construction services for Saudi Aramco's upstream and downstream projects.McDermott's SAFIRA fabrication yard is being developed within Saudi Aramco's King Salman International Complex for Maritime Industries and Services in Ras Al-Khair. Once fully functional, the yard will have the capability to fabricate and assemble offshore platforms and jackets…

Offshore installation firm McDermott said Monday that its upgraded Amazon vessel was coming to the Gulf of Mexico to support a subsea contract for the Whale Development in Alaminos Canyon.Oil major Shell in July reached a final investment decision for its Whale deepwater field development. Discovered in 2017, Whale will feature a semi-submersible production host in more than 8,600 feet (2621 meters) of water with 15 oil-producing wells.McDermott will provide engineering, procurement…

Offshore installation company McDermott has won a contract with oil firm BHP for a marine installation campaign for the Shenzi Subsea Multiphase Pumping Project (SSMPP) in the U.S. Gulf of Mexico.The project is located around 138 miles (222 kilometers) offshore in the Gulf of Mexico at a water depth of 4,400 feet (1341 meters)."We look forward to continuing our partnership with BHP through this latest contract award," said Mark Coscio, Senior Vice President for McDermott's North, Central, and South America region.

Lockport, La. based offshore support and subsea services provider Bordelon Marine said it has promoted Mike Belanger to chief operating officer and Chris Martin to general manager.Having served as Bordelon's general manager for 15 years, Belanger brings more than 40 years of industry experience to the COO position. During his tenure as GM, the company transitioned from operating utility vessels to opening a shipyard and building a trio of 260-foot DP2 subsea vessels that have been operated by Bordelon Marine for more than five years. Belanger is a military veteran serving seven years as an active-duty Marine. Furthermore, he is a third-generation oilfield worker who started from the age of 15 in various areas including on land rigs and offshore drilling and production…

Australian oil and gas company BHP, working to develop the Trion field offshore Mexico, has hired DNV GL to verify that the new infrastructure built for the Trion project is compliant with local and global safety, as well as other requirements. BHP acquired the Trion asset in Mexico’s first-ever Deepwater Bid Round in 2016. The Trion field encompasses an area of 1,285 square kilometers and is located in the deep waters of the Perdido belt. BHP is the operator holding a 60% interest in the development and PEMEX is the non-operating partner with a 40% interest.Last week…