J. Ray McDermott Company News

Recent Articles

Results 50 articles shown

J. Ray McDermott Says Hello to New CFO
Wednesday, May 12, 2010McDermott announced that Perry L. Elders has been elected Chief Financial Officer of its subsidiary, J. Ray McDermott, S.A. ("J. Ray").

J. Ray McDermott Secures Fabrication Contract on Gorgon Project
Thursday, May 06, 2010J. Ray McDermott's subsidiary has been awarded a contract by the Kellogg Joint Venture-Gorgon on behalf of Chevron Australia, operator of the Gorgon Project.

J. Ray Reels in Second Subsea Gig in Vietnam
Tuesday, April 06, 2010A subsidiary of J. Ray McDermott secured a transportation and installation contract for the Te Giac Trang development, offshore Vietnam.

J. Ray Secures EPCI Gig in Persian Gulf
Wednesday, March 24, 2010J. Ray has been awarded an EPCI project to ramp up production facilities at Saudi Aramco's Safaniya field, offshore Saudi Arabia.

J. Ray Reels in First SURF Project Offshore Vietnam
Wednesday, March 17, 2010A subsidiary of J. Ray McDermott has been awarded its first SURF project in the Asia Pacific market since its strategic push into this high growth area.

J. Ray McDermott Adds New Pipelay Vessel to Fleet
Thursday, March 11, 2010J. Ray McDermott announced today the significant addition of a new pipelay vessel LB32, with unique shallow-water lay capability, to its worldwide fleet.

J. Ray, Keppel Get a Leg Up on Papa Terra Project
Monday, February 01, 2010J. Ray McDermott was awarded a project for the P-61 Tension Leg Wellhead Platform for the Papa Terra Joint Venture.

J. Ray Adds 2 Subsea Construction Vessels to Deepwater Fleet
Monday, December 21, 2009J. Ray has completed a vessel transaction with Oceanteam ASA for the subsea construction vessel, North Ocean 102 and a new build vessel, North Ocean 105.

Chevron Taps FloaTEC for Big Foot ETLP
Thursday, December 10, 2009Chevron is pushing ahead with its plans for an Extended Tension Leg Platform on its deepwater Big Foot development by awarding FloaTEC the Front End Engineering and Design (FEED) contract.

Johnson to Step Up as J. Ray McDermott' New President, CEO
Monday, December 07, 2009McDermott announced that Stephen M. Johnson, the Company's current President and Chief Operating Officer, has been appointed President and Chief Executive Officer of J. Ray McDermott, S.A.

Right in Two: McDermott Plans Spin-Off for B&W, J. Ray
Monday, December 07, 2009McDermott plans to separate its operating subsidiaries, The Babcock & Wilcox Company and J. Ray McDermott, into two independent, publicly traded companies.

J. Ray Extends Fugro's Services Contract in Middle East
Tuesday, November 24, 2009Fugro has been awarded a 3.5 year extension to their existing contracts with engineering and construction company, J. Ray McDermott, for the provision of survey, positioning and ROV services in the United Arab Emirates, Qatar, India and Saudi Arabia.

J. Ray Completes Yuri Korchagin Installation in Caspian Sea
Friday, October 09, 2009J. Ray McDermott's Caspian subsidiary has successfully and safely completed installation of offshore facilities at the Yuri Korchagin field for Lukoil.

FloaTEC Inks LOI with Petrobras for P-61 Platform
Friday, October 09, 2009FloaTEC, a joint venture between offshore and marine unit Keppel FELS and J. Ray McDermott, has signed a letter of intent with Petrobras and Chevron for a $1.1 billion oil platform in Brazil.

Converteam Lifts J. Ray McDermott Vessel Upgrade Project
Tuesday, September 29, 2009Converteam has been awarded a major contract to design, deliver and commission an integrated package of electrical power systems and associated control systems for J. Ray McDermott's deepwater DP construction vessel DB50.

FloaTEC Submits Bid for $1.1B Papa-Terra Platform Tender
Thursday, September 03, 2009FloaTEC, a joint venture company formed by Keppel FELS and J. Ray McDermott, has submitted a bid to build an oil platform for Petrobras' Papa-Terra heavy oilfield project.

J. Ray Revamps DB50 Construction Vessel for GOM Deepwater Market
Friday, July 31, 2009Houston-based J. Ray McDermott is upgrading its primary Gulf of Mexico derrick / pipelay barge, DB50 for future deepwater projects, by adding new thrusters and increasing its electrical power supply.

J. Ray Successfully Loads Out North Belut CPP Topside
Thursday, June 11, 2009J. Ray announced the successful construction of an approximately 14,000-tonne integrated deck constructed at its fabrication facility on Batam Island, Indonesia.

J. Ray Wins Karan Offshore Platforms, Pipelines Project in Saudi Arabia
Tuesday, March 10, 2009J. Ray McDermott was awarded the Karan Offshore Platforms and Subsea Pipelines project by Saudi Aramco inside and outside Saudi Arabia.

BG Group Fires Up First Gas at Poinsettia Platform Offshore Trinidad
Monday, February 09, 2009BG's production platform at the Poinsettia project offshore Trinidad has reached first gas.

J. Ray to Install 2 Drilling Platforms for Pemex in Bay of Campeche
Monday, February 02, 2009Pemex has awarded J. Ray an installation contract for the Ixtal-B and Maloob-C drilling platforms, the projects of which are located in the Bay of Campeche, Mexico.

J. Ray Snags Fabrication Contract for Angostura Platform Offshore Trinidad
Wednesday, January 14, 2009J. Ray McDermott has been awarded a contract by BHP Billiton for the Angostura Gas Export Platform project located 22 miles offshore the northeast coast of Trinidad.

J. Ray Installs Poinsettia Jacket Offshore Trinidad for Phase 3 Development
Monday, January 12, 2009J. Ray has completed its portion of a contract with BG T&T for work on Phase 3 of the Poinsettia field development project offshore the northern coast of Trinidad.

J Ray Wins Fast Track Pipeline Contract for ExxonMobil's Malaysia Ops
Tuesday, December 16, 2008J. Ray's Malaysian affiliate has won a fast track transportation and installation contract from ExxonMobil for the pipeline between Guntong-C and Guntong-A offshore Malaysia.

Hallin Marine Snags $4.2MM Diving Contract Offshore Malaysia
Thursday, November 13, 2008Hallin Marine will mobilize a nine man saturation diving system to support McDermott's DB26 construction barge during the offshore pipeline installation campaign in the field for oil major Shell.

J. Ray's Subsidiary Nabs EPI Contract Offshore Vietnam
Wednesday, October 01, 2008A subsidiary of J. Ray McDermott was recently awarded a subcontract by PTSC Mechanical & Construction Co. to engineer, procure and install certain offshore facilities for the Su Tu Den North East project, located offshore Vietnam.

J. Ray Wins Qatar Gas Field Job for Exxon, QP
Monday, August 18, 2008J Ray McDermott has won the contract to carry out early engineering works on Qatar's Barzan gas field, jointly developed by Exxon Mobil Corp. and Qatar Petroleum.

J.Ray Gains New Executive VP and COO
Thursday, August 14, 2008McDermott International announced that John T. Nesser, III has been elected Executive Vice President and Chief Operating Officer of the Company's subsidiary, J. Ray McDermott, effective October 1, 2008.

J. Ray Signs JV with CSIC for New Fabrication Facility in China
Tuesday, June 17, 2008McDermott International announced that a subsidiary of J. Ray McDermott, S.A. has entered into a joint venture with a subsidiary of state-owned China Shipbuilding Industry Corporation for the construction of a new facility in China.

J. Ray Inks JV for New Facility in China, to Focus on FPSO Construction
Friday, June 06, 2008The JV plans to establish a new facility on more than 111 acres in HaiXiWan, Qingdao, Shandong, China. McDermott Wuchuan anticipates focusing its business on FPSO vessel construction.

J. Ray McDermott Awarded Two Offshore Construction Projects
Monday, May 05, 2008McDermott International, Inc., announced that subsidiaries of J. Ray McDermott, S.A. were recently awarded two contracts for offshore construction projects.

McDermott Wins More LUKOIL Work in the Caspian
Thursday, April 24, 2008The field is located 180km outside Astrakhan city in the Russian sector of the Caspian Sea. The offshore installation work is scheduled to begin in May 2009.

FloaTEC Hires Huang as Director, Engineering
Friday, April 18, 2008FloaTEC has hired a key industry veteran to head up its engineering group and further strengthen its engineering competency relative to FPS hull and mooring systems.

J. Ray McDermott Awarded Woodside's North Rankin B Jacket
Wednesday, April 09, 2008The scope of work for this contract includes the fabrication and loadout of the 22,000 metric ton jacket (including buoyancy tanks), 18,900 metric tons of piles and the bridge link (approximately 100 meters long) to the North Rankin A Platform.

J. Ray Snags Peregrino FPSO Project Offshore Brazil
Friday, March 28, 2008J. Ray McDermott has received a LoA for the engineering, procurement and construction of 6,500 metric tons of topside modules for the Peregrino FPSO from A.P. Moller - Maersk A/S. The FPSO will be located in the Campos Basin offshore Brazil.

J. Ray McDermott Awarded Chevron Platong Gas II Project
Wednesday, March 26, 2008Subsidiaries of J. Ray McDermott, S.A. were recently awarded an engineering, procurement, construction and installation contract by Chevron Thailand Exploration and Production for the Platong Gas II Project in the Gulf of Thailand.

J. Ray McDermott's Caspian Marine Division Recognized as Champion
Thursday, March 20, 2008J. Ray McDermott's (J. Ray), Caspian subsidiary recently received four awards for outstanding achievements by the group's marine operations and for its Health, Safety, Environment and Security (HSES) performance.

J. Ray Orbits Greatness, Awarded Pluto Offshore Platform Contract
Tuesday, January 22, 2008The scope of work for this contract includes the installation engineering, transportation and installation of the complete platform. Contracts of this nature are typically valued at approximately $100 million.

Pipeline Commissioned in Azerbaijan
Thursday, December 27, 2007The 66.6-kilometer pipeline connecting Neft Dashlary and Bahar fields was commissioned in Azerbaijan.

J. Ray Awarded Pemex Construction Contract
Friday, December 14, 2007J. Ray McDermott's new facility in Mexico landed its first project when Pemex awarded the service company with the fabrication of the Maloob-C Drilling Platform.

McDermott Wins Caspian Pipelay Work for Socar
Friday, September 07, 2007McDermott Caspian Contractors was recently awarded a pipelay contract by the State Oil Company of the Azerbaijan Republic (SOCAR).

McDermott Wins Caspian Pipelay Work for Socar
Friday, September 07, 2007The State Oil Company of the Azerbaijan Republic (SOCAR) recently awarded McDermott Caspian Contractors a pipelay contract.

Reliance Industries' Jacket Departs for India
Friday, August 31, 2007After being offloaded from the FTV, the jacket and cargo barge will be towed for approximately 12 days to the East Coast of India.

J. Ray Garners Long-term Project from Saudi Aramco
Tuesday, August 07, 2007J. Ray McDermott has been awarded a seven-year project by Saudi Aramco to provide engineering, procurement, construction, and installation for the Offshore Maintain Potential Program in Saudi Arabia.

ConocoPhillips Awards McDermott Fabrication Contract
Tuesday, July 31, 2007PT. McDermott Indonesia has won a contract from ConocoPhillips to fabricate the North Belut Central Processing Platform (CPP) jacket.

J. Ray McDermott Completes Acquisition of Secunda Assets
Monday, July 30, 2007J. Ray McDermott has completed its acquisition of substantially all of the assets of Secunda International.

Fugro Wins Contract for Survey and ROV Services in Australia
Monday, July 30, 2007Fugro has been awarded a contract by Hydro Marine to provide Survey and ROV services for the Angel Substructure and Pipelay Installation Contract for the Woodside Angel Development Project off Western Australia’s North West Shelf.

Saudi Aramco Signs Offshore Manifa Contract with J. Ray McDermott
Tuesday, May 15, 2007Saudi Aramco signed a lump-sum turn-key contract with J. Ray McDermott for the engineering, procurement, fabrication, transportation, installation and hookup of offshore platforms for the 900,000 bpd Manifa oilfield development project.

RBG Announces New Appointment at Invergordon Facility
Tuesday, April 17, 2007RBG Limited on Tuesday announced the appointment of Ed Stainke as Business Unit Manager of its fabrication facility in Invergordon, Ross-shire, U.K.

McDermott Breaks Ground on Deepwater Platform Yard
Wednesday, December 20, 2006J Ray McDermott has begun construction on the US$20mn first phase of a US$220mn construction yard in Mexico's Tamaulipas state to build deepwater oil platforms.