McDermott International

Houston-based McDermott confirms oilfield service company will file for bankruptcy

January 21, 2020

Houston Chronicle McDermott International will file for Chapter 11 bankruptcy Tuesday, the struggling Houston oilfield service company confirmed. In a statement released early Tuesday morning, McDermott said it would will file a prepackaged restructuring plan at the U.S. Bankruptcy Court in Houston. The plan, which has the support of two-thirds of its creditors, would allow McDermott will receive more than

McDermott stock plummets amid rumored bankruptcy talks

December 31, 2019

Houston Chronicle Rumors that Houston oilfield service company McDermott International is engaged in bankruptcy talks with lenders sent the company’s stock price plummeting by as much as two-thirds of its value after the close of market on Monday. In a Monday afternoon post, the Wall Street Journal reported that McDermott is preparing to file for Chapter 11 over the next few weeks

McDermott stock remains stuck below $1 per share

November 18, 2019

Houston Chronicle Stock prices for Houston oilfield service company McDermott International have remained stuck below $1 per share for more than week. Traded on the New York Stock Exchange under the stock ticker symbol MDR, McDermott slid below $1 per share on Nov. 8 and has yet to recover. An important clock has been triggered by the stock price dip. Under

McDermott posts $1.9 billion loss amid stock price plunge, project cost overruns

November 5, 2019

Houston oilfield service company McDermott International posted another steep loss during the third quarter amid falling stock prices and cost overruns on multiple projects, including two liquefied natural gas plants near the Bayou City. In a Monday afternoon filing with the U.S. Securities and Exchange Commission, McDermott reported a nearly $1.9 billion loss on $2.1 billion of revenue during the

https://www.chron.com/business/energy/article/Troubled-oil-field-service-company-McDermott-14555913.php-oag360

Troubled oil field service company McDermott lands $1.7 billion in new financing

October 23, 2019

Houston Chronicle Roughly a month after its stock plummeted in value by 75 percent, Houston oil field service company McDermott International has landed $1.7 billion in new capital. In a Monday morning filing with the U.S. Securities and Exchange, McDermott entered into a credit deal with Barclays Bank, Crédit Agricole Corporate and Investment Bank and five other financial institutions. Under

McDermott Appoints New COO

July 3, 2018

McDermott International, Inc. (NYSE: MDR) announced today that Samik Mukherjee has been appointed to serve as the company’s new Executive Vice President and Chief Operating Officer (COO), effective July 3, 2018. Samik Mukherjee, Executive Vice President and Chief Operating Officer, McDermott International, Inc. “Samik possesses tremendous experience and knowledge of our industry and has a strong track record of driving