McDermott (MDR +1%) is awarded an engineering, procurement and construction contract by Exxon...


McDermott (MDR +1%) is awarded an engineering, procurement and construction contract by Exxon Mobil (XOM) to provide subsea infrastructure for the $4B Julia development in the Gulf of Mexico. MDR's win comes after FMC Tech (FTI), Oceaneering (OII) and Technip picked up other subsea contracts on the development, where Statoil (STO) is a 50% partner.

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  • IlikedAUH2O
    , contributor
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    This news may seem unimportant compared to Rosneft, sort of like comparing the warm water of the Gulf to the arctic. However, the XOM managers and the engineering firms are all stars and we can pray that they will meet the challenge of both economics and the environment. Someday, and in some way, their dedication and courage will be recognized.
    1 Jul 2013, 12:40 PM Reply Like
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