Last €5.67 EUR
Change Today -0.039 / -0.68%
Volume 1.3K
MIQ On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 9:43 AM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
Back to Snapshot
Company Description

Contact Info

757 North Eldridge Parkway

Houston, TX 77079

United States

Phone: 281-870-5000

Fax:

McDermott International, Inc. operates as an engineering, procurement, construction, and installation (EPCI) company that focused on designing and executing complex offshore oil and gas projects worldwide. The company is an engineering and construction company that focused on the upstream offshore oil and gas sector in the United States. Providing integrated EPCI services, the company delivers fixed and floating production facilities, pipeline installations, and subsea systems from concept to commissioning. It operates in approximately 20 countries across the Atlantic, the Middle East, and the Asia Pacific. Segments The company’s business segments consist of Asia Pacific, Atlantic, Caspian, and the Middle East. The Caspian and Middle East operating segments are aggregated into Middle East reporting segment. Asia Pacific Segment This segment serves the needs of customers primarily in Australia, Indonesia, Vietnam, Malaysia, and Thailand. Project focus in this segment includes the fabrication and installation of fixed and floating structures, and the installation of pipelines and subsea systems. The majority of the company’s projects in this segment are performed on an EPCI basis. Engineering and procurement services are provided by its Singapore office and are supported by additional resources located in Chennai, India. The primary fabrication facility for this segment is located on Batam Island, Indonesia. Additionally, through the company’s equity ownership interest in a joint venture, it has developed a fabrication facility located in China and Malaysia. Atlantic Segment This segment serves the needs of customers primarily in the United States, Brazil, Mexico, Trinidad and Africa. Project focus in this segment includes the fabrication and installation of fixed and floating structures and the installation of pipelines and subsea systems. Engineering and procurement services are supported by engineering resources in Dubai and Chennai. The primary fabrication facility for this segment is located in Altamira, Mexico. Middle East Segment This segment serves the needs of customers primarily in in Saudi Arabia, Qatar, the United Arab Emirates (U.A.E.), Kuwait, India, Azerbaijan, Russia, and the North Sea. Project focus in this segment relates primarily to the fabrication and offshore installation of fixed and floating structures and the installation of pipelines and subsea systems. The majority of the company’s projects in this segment are performed on an EPCI basis. Engineering and procurement services are provided by the company’s Dubai, the U.A.E., Chennai, India, Al Khobar, Saudi Arabia and the United Kingdom offices and are supported by additional resources from its Houston and Baku, Azerbaijan offices. Acquisitions During the year ended December 31, 2013, the company acquired Deepsea Group Limited, a United Kingdom-based company that provides subsea and other engineering services to international energy companies, primarily through offices in the United Kingdom and the United States. During the year ended December 31, 2013, the company formalized two joint ventures with TH Heavy Engineering Berhad (THHE), whereby it acquired a 30% interest in a subsidiary of THHE, THHE Fabricators Sdn. Bhd., and THHE acquired a 30% interest in its Malaysian subsidiary, Berlian McDermott Sdn. Bhd. Joint Ventures Asia Pacific Qingdao McDermott Wuchang Offshore Engineering Company Ltd.: The company co-owns this entity with Qingdao Wuchang Heavy Industry Co. Ltd., a major shipbuilder in China. This joint venture provides procurement and construction services to the oil and gas industry, including floating, production, storage, off-loading vessel construction and integration. Atlantic Deepwater Marine Technology LLC: The company co-owns this entity with Keppel FELS Ltd. This joint venture expands its services related to solutions involving tension leg platforms (TLPs). FloaTEC LLC: The company co-owns this entity with Keppel FELS Ltd. This joint venture designs, markets, procures, and contracts floating production systems to the deepwater oil and gas industry. The deepwater solutions provi

Page 12Next Page
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MIQ:GR €5.67 EUR -0.039

MIQ Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Exterran Holdings Inc $44.89 USD +0.28
Ezra Holdings Ltd $1.13 SGD 0.00
Key Energy Services Inc $6.12 USD -0.17
Tetra Tech Inc $25.48 USD -0.02
Tidewater Inc $50.45 USD +0.11
View Industry Companies
 

Industry Analysis

MIQ

Industry Average

Valuation MIQ Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MCDERMOTT INTL INC, please visit www.mcdermott.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.