for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

BUZZ-McDermott International: Up after contract with Anadarko

** Shares of energy engineering solutions provider up 2.6% in premarket trading after contract with Anadarko Petroleum Corp for LNG development

** The project’s scope includes onshore engineering, procurement and construction (EPC) for all components of the onshore LNG development

** MDR’s initial portion of the EPC contract award is ~$2 billion

** Deal is between CCS JV, a joint venture between McDermott, Saipem and Chiyoda, and Anadarko

** Up to Tuesday’s close, MDR’s shares had fallen ~69% over the last one year

Reporting By Aparajita Saxena in Bengaluru

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up