Mcdermott International Ltd. MCDIF

Company Overview

McDermott International Ltd. is an engineering, procurement, construction, and installation (EPCI) company that provides integrated services to the global energy industry. The company operates primarily in offshore and subsea oil and gas infrastructure, liquefied natural gas (LNG), refining, petrochemicals, power generation, and energy transition-related projects. McDermott’s core offerings include project management, engineering design, fabrication, offshore installation, and commissioning services for complex energy infrastructure developments.

The company’s principal revenue drivers historically have been large-scale offshore engineering and construction contracts, subsea pipeline installation, LNG facility development, and downstream industrial projects. McDermott has served national oil companies, integrated energy majors, petrochemical producers, and government-linked energy entities across global markets. The company traces its origins to 1923 through J. Ray McDermott & Co. and expanded significantly through acquisitions and international growth. A major strategic milestone occurred in 2018 with the acquisition of Chicago Bridge & Iron Company (CB&I), which substantially expanded McDermott’s LNG and downstream capabilities. Following financial distress and restructuring, the company emerged from Chapter 11 bankruptcy proceedings in 2020 with a reorganized capital structure and continued focus on integrated energy infrastructure execution.