J. Ray McDermott & Co., Inc. became McDermott Incorporated, reflecting a larger, diversified company in acquiring Babcock & Wilcox.
Completed construction of Intermac 650, the world’s second-largest launch barge.
Engineered, constructed and installed the Union Oil Cerveza fixed platform substructure at a record-setting 955-foot water depth in the Gulf of Mexico, which set a new direction to extend the economic range of conventional fixed platforms. At less than half the weight of the Cognac platform, it could be installed at a similar water depth but as a single piece, meaning lower cost and rapid schedule.
McDermott International, Inc. is established as the holding company of McDermott Incorporated and The Babcock & Wilcox Company.
Installed a 28-inch pipeline across the Norwegian Trench in a record-setting 1,000 feet of water.
Completed the first dual lift in Asia Pacific, installing a 3,000-ton production platform deck for Arco’s Java Sea P field development.
Moved the Middle East fabrication yard and marine base from Dubai Creek to Jebel Ali Free Zone (UAE) .
Acquired Mentor Subsea Technologies, Inc., specializing in engineering and project management of subsea infrastructure, umbilicals, risers and flowlines (SURF) .
Acquired Derrick Barge 50, the world’s largest self-propelled mono-hull crane vessel with 4,400-ton lift capacity.
Installed the deepest pipeline in 1,350 feet of water between Shell’s Bullwinkle and Boxer platforms in the Gulf of Mexico.