McDermott Picks Up Award

McDermott International Ltd has revealed that the company has been recognized by the Singapore Business Review with a Malaysia International Business Award in the engineering category.
The Malaysia International Business Awards are said to recognize international companies that have expanded into the region and contributed to Malaysia’s developing economy. McDermott International relocated its Asia Pacific business to Kuala Lumpur, Malaysia, back in 2016.
“We are honored to have been selected by Singapore Business Review to win this prestigious award,” Ian Prescott, McDermott’s Asia Pacific senior vice president, said in a company statement.
“The move to Malaysia has provided access to outstanding engineering capabilities, expertise and growth opportunities for our business. It is an honor for the whole team to have our achievements acknowledged with this accolade,” he added.
Due to the Covid-19 pandemic, the Malaysia International Business Awards became a digital presentation this year. The award ceremony is now in its second year.
This is not the first award that McDermott has picked up within the last 12 months. Back in June, the company’s storage business, CB&I Storage Solutions, won two Storage Tank of the Year awards in the field erected storage category. The awards, which were presented by the Steel Tank Institute/Steel Plate Fabricators Association, are said to recognize steel construction projects that exemplify the steel tank industry.
In December 2019, McDermott also announced that the Federation of Indian Petroleum Industry had named the company the Engineering, Procurement, Construction company of the year at an awards ceremony held in New Delhi, India. The award honored McDermott for introducing a new reel lay method and advanced digital techniques in the deepwater subsea installation of the Vashishta and S1 Field Development project, offshore the East Coast of India, McDermott noted in a company statement at the time.
McDermott describes itself as a premier, fully-integrated provider of engineering and construction solutions to the energy industry. The business, whose corporate office is located in Houston, Texas, operates in more than 54 countries and employs more than 30,000 people, according to its website.
To contact the author, email andreas.exarheas@rigzone.com
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- USA Oil and Gas Employs Almost 1 Million in 2022
- US Could 'Steal' Green Energy Investments From Other Regions
- BofA Global Research Talks OPEC+ Meeting
- New Discoveries Make 2022 Highest Value Year In Over A Decade
- RRC Issues Weather Notice to Oil and Gas Groups
- BP's 2023 Energy Outlook Looks At Key Trends For Energy Transition
- Eni Pens $8 Billion Gas Deal With Libya's NOC
- Brent, WTI Net Length Continues to Build
- Exxon Beats Estimates, Posts Record $56B 2022 Profit
- Cnooc's $3B UK Portfolio Sale Has Stalled on Valuation Gap
- Is The USA Strategic Petroleum Reserve Stock Dangerously Low?
- Top Headlines: Valaris Employee Reported Missing from Rig
- What Bad Habits Should Oil and Gas Jobseekers Avoid?
- Police to Board Valaris Rig After Worker Reported Missing
- Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different
- Governor Issues Disaster Declaration for Southeast Texas
- Risk Premium Embedded in USA NatGas Vanishes
- Offshore Rigs Set For Very Busy Year In 2023
- World Still Waiting to See What China Reopening Means
- Norwegian Tax Break Ensures Increase Of O&G Supply To Europe
- Valaris Employee Reported Missing from Rig
- Louisiana, Texas To Gain Thousands of Energy Jobs At Start of 2023
- Where Will WTI Oil Price Be at End 2023?
- Is the USA Shale Boom Over?
- Gasoline and Diesel Prices Expected to Fall
- Higher Oil Prices Have Not Led to More Exploration
- Talos Makes Two Commercial Discoveries In Gulf Of Mexico
- Shell Finds Gas In Pensacola High-Impact Well Off UK
- Iran Oil Gushes Into Global Market
- Will Oil Hit $100 Per Barrel in 2023?