McDermott Acquires DeepSea
operators worldwide. “The acquisition of DeepSea by McDermott enables us to offer a greater number of subsea engineers with broader specialist services to reinforce our own engineering, procurement, construction and installation capabilities in executing subsea projects worldwide,” said Stephen M. Johnson, Chairman, President and Chief Executive Officer, McDermott. “It also allows us to accelerate the development of the company to reach global tier one status in subsea project execution while also enabling us to be competitive in the European subsea market as well as in the international
McDermott Order Deepwater S-Lay Vessel
2000 (“DLV2000”), will be constructed at Keppel Singmarine in Singapore and is expected to take approx 2.5 years to build. “DLV2000 is expected to address a market demand we consider to be extremely robust for deepwater pipelines as well as our traditional markets,” said Stephen M. Johnson, Chairman, President and Chief Executive Officer. “A combination heavy lift and deepwater S-Lay pipelay vessel is an important asset for our expanding fleet, focusing on the subsea construction market.” Developed by Keppel’s ship design arm, Marine Technology Development
February 2025
