McDermott Company Profile by CMR

Company Profile

McDermott Basic Information, Manufacturing Base, Sales Area, and Its Competitors

Sr. No.	Item	Description
1	Company Name	McDermott
2	Website	www.mcdermott.com
3	Established Date	1923
4	Headquartered	United States
5	Market Position/ History	Founded in 1923 in Eastland, Texas by Ralph Thomas McDermott, McDermott began as J. Ray McDermott & Company, named in honor of his father. Over the past century, the company has evolved from pioneering floating roof tanks and fractionating towers to becoming a global leader in engineering, procurement, construction, and installation (EPCI) services for the energy sector. From supplying vessels during World War II to executing landmark projects like the world’s first LPG FPSO, South America’s first LNG export facility, and the largest hydrogen cryogenic sphere for NASA, McDermott has consistently been at the forefront of offshore and onshore innovations. In recent years, the company has expanded into renewables, marking its 100th anniversary in 2023 with major projects in clean LNG and offshore wind energy.
6	Sales Area	Worldwide
7	CEO	Michael McKelvy
8	Ownership Type	Private
9	Contact Information	915 N. Eldridge Parkway Houston, Texas 77079, US Tel:

Business Segment or Overview:

McDermott is a fully integrated global provider of engineering and construction solutions across the energy value chain, delivering projects from concept to commissioning. With strong capabilities in both traditional and renewable energy sectors, the company supports offshore, onshore, subsea, and modularized developments through a combination of digital innovation, global fabrication assets, and a commitment to sustainable energy transition.

Engineering
• Emphasizes a digital-centric approach for increased productivity and sustainability.
• Supports pre-FEED, FEED, and detailed design across onshore, offshore, and subsea projects.

Procurement
• Manages global sourcing, procurement, logistics, and transport of critical equipment and materials.
• Ensures optimized cost, delivery timelines, and compliance with client and regional standards.

Fabrication
• Operates seven global fabrication yards with ~300,000 metric tons throughput and over 29 million work hours of capacity.
• Specializes in modular fabrication for onshore/offshore platforms and process units.

Construction
• Expertise in both field and modular construction methods.
• Utilizes standardized systems and safety protocols to deliver high-performance execution in difficult environments.

Installation
• Owns and operates eight marine construction vessels and a diverse offshore fleet.
• Capable of deepwater installations, pipe laying, jacket and topside installations, and subsea tie-ins.

Onshore Services
•   LNG solutions
•   Refining and petrochemical plants
•   Gas processing facilities
•   Import/export terminals

Offshore (Shallow Water)
•   Extensive experience with 600+ offshore structures delivered.
•   Strong regional presence in Middle East (UAE, Qatar, KSA).
•   Fleet includes derrick barges, pipelay vessels, and construction barges.

Subsea & Floating Facilities
•   Services include:
•   SURF (subsea umbilicals, risers, and flowlines)
•   Subsea field development
•   Floating production units (FPUs) and floating production storage and offloading (FPSOs)
•   Decommissioning and circular economy solutions

As a customer for saturation diving services, McDermott represents a highly strategic and technically advanced partner. Given its role as a premier global provider of offshore engineering, procurement, construction, and installation (EPCI) solutions, McDermott frequently undertakes complex subsea and Deepwater projects that demand precise, high-risk interventions below significant depths. Saturation diving becomes critical for tasks such as subsea pipeline tie-ins, structural installations, inspection, maintenance, and repair of offshore infrastructure, often in harsh environments and ultra-Deepwater fields.

Recent Developments

Year	Latest News
April 2025	McDermott and Saipem Secure Aramco Offshore Contract Extensions Saudi Arabia’s oil giant Aramco has extended its Long-Term Agreement (LTA) framework with McDermott and Saipem, two of the leading engineering and construction firms, to support major brownfield and greenfield developments across the Kingdom’s key offshore assets. Under the agreement, McDermott has secured a three-year extension to its existing LTA, reaffirming its role as a premier, fully-integrated provider of engineering and construction solutions in the energy sector.
September 2024	McDermott and BW Offshore Announce Collaboration to Enable Offshore Blue Ammonia Production McDermott and energy solutions provider BW Offshore have announced a strategic collaboration to explore the technical and commercial viability of offshore blue ammonia production. The partnership aims to drive innovation in low-carbon energy by leveraging both companies' extensive expertise to develop blue ammonia aboard a floating production storage and offloading (FPSO) facility.

Ankita Sharma

Ankita Sharma is a passionate and detail-driven market research professional with over 2.5 years of experience in qualitative research. With a sharp focus on client query handling and competitive intelligence, she has s…

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Profile Details

Author Ankita Sharma
Published 16 Jun 2025
Last Updated 16 Jun 2025
Reading Time~5 minutes
CoverageSWOT, Financials, Key Employees, History

- 1.1 About McDermott
- 1.2 Key Facts
- 1.3 Key Employees
  - 1.3.1 Key Employee Biographies
- 1.4 History
- 1.5 Locations & Subsidiaries
  - 1.5.1 Head Office
  - 1.5.2 Other Locations & Subsidiaries
- 2.1 Company Overview
- 2.2 Business Segments
- 2.3 R&D Overview
- 2.4 Brands
- 2.5 Key Company Statistics
- 2.6 Key Financials (2015–2019)
- 2.7 Share Holder Analysis
- 2.8 Regional Presence
- 2.9 Services Offered
- 3.1 Strengths
- 3.2 Weaknesses
- 3.3 Opportunities
- 3.4 Threats
- 3.5 Key Competitors
- 4.1 Company Metrics
- 4.2 Key Investors
- 4.3 Recent Funding & Valuation
- 4.4 Historical Funding & Valuation
- 5.1 Acquisitions
- 5.2 Partnerships
- 6.1 Latest News & Announcements
- 6.2 Strategic Initiatives
- 7.1 Summary of Findings
- 7.2 Strategic Recommendations

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McDermott Company Profile