McDermott Records $54 Million Abkatun-A2 Expense In 4Q:18

Instant Max AI

(Energy Analytics Institute, Jared Yamin, 25.Feb.2019) — McDermott International, Inc. reported revenues of $2.1 billion and net loss of $(2.8) billion, or $(15.33) per diluted share, for the fourth quarter of 2018.

Additionally, the company said it recorded a $54 million expense during the quarter on the Abkatun-A2 offshore project in Mexico, caused by a schedule-driven change in the fabrication plan carrying work offshore, subsequent weather delays and lack of contractually promised accommodations for offshore crew, the company reported in an official statement.

***

© Energy Analytics Institute (EAI)

Previous post Local Oil And Gas Training And Recruitment Firm Launched
Next post Ecopetrol Business Group Presents Results For 4Q:18 And Full-Year 2018

Leave a Reply

Your email address will not be published.