Overview:
Incorporated in 1959, Houston, Texas-based McDermott International Inc. MDR is an engineering and construction company, solely focused on the offshore oil and gas business. McDermott primarily serves the worldwide offshore oil and gas field developments, including the front-end design and detailed engineering, fabrication and installation of offshore drilling and production facilities, as well as installation of marine pipelines and subsea production systems. Additionally, the company provides project management and procurement services. It operates in most major offshore oil and gas producing regions, including the U.S., Mexico, Canada, the Middle East, India, the Caspian Sea and Asia Pacific.
In August 2010, McDermott completed the spin-off of its Power Generation Systems' and Government Operations segments into a separate, independent and publicly traded company Babcock & Wilcox Co. BWC.
McDermott International Inc. MDR: Read the Full Research Report
MCDERMOTT INTL MDR: Free Stock Analysis Report
To read this article on Zacks.com click here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.