popular articles

Shell selects McDermott for three-year global framework agreement in engineering

Shell Global Solutions International B.V. has awarded McDermott a three-year framework agreement for engineering, procurement and project management services across several strategic markets.

Please share:

Shell Global Solutions International B.V., a subsidiary of the Shell Group, has selected McDermott International Ltd for a global framework agreement covering engineering, procurement and integrated project management team (IPMT) services. The initial term spans three years, with two optional one-year extensions, encompassing McDermott’s key service lines in low-carbon solutions, Middle East offshore operations and subsea and floating facilities.

The framework agreement enables Shell to leverage McDermott’s engineering and project management capabilities, notably through its international technical centres. The collaboration aims to develop feasibility and front-end engineering solutions tailored to complex energy projects in the context of global industrial portfolio diversification.

Expansion of a strategic partnership

McDermott has a long-standing business relationship with Shell, having previously delivered a substantial volume of deepwater projects in the Gulf of Mexico, Trinidad and Tobago, Western Australia and Malaysia. This new agreement reinforces their partnership within a structured and replicable global framework.

The agreement’s technical scope also covers McDermott’s capabilities in construction, offshore installation and prefabrication, integrating its proprietary technologies and interregional delivery platforms. Under the terms of the contract, McDermott will deploy its international resources to ensure simultaneous execution in line with industry safety standards.

Operational model and contractual governance

McDermott’s leadership stated that the engagement is part of a long-term partnership approach based on execution model agility and shared expertise between both companies. McDermott’s Executive Vice President and Chief Operating Officer, Maurizio Coratella, noted that the agreement reflects the company’s ability to integrate design, delivery and management activities in technically intensive projects.

The contract does not disclose allocated amounts or specify individual projects at this stage. However, it aligns with a broader trend of strategic coordination between major energy buyers and technical service providers in the global energy sector.

Register free of charge for uninterrupted access.

Publicite

Recently published in

TotalEnergies reported a 2.9% drop in emissions for 2024, reaffirming its climate strategy ahead of a key general meeting.
Australian company Earth AI confirms six new mineral prospects, including cobalt and tungsten, discovered through its predictive exploration software based on artificial intelligence.
Australian company Earth AI confirms six new mineral prospects, including cobalt and tungsten, discovered through its predictive exploration software based on artificial intelligence.
Nexans is expanding its industrial capacity near Noyelles-Godault to recycle more copper, as global demand outpaces primary mining production.
Nexans is expanding its industrial capacity near Noyelles-Godault to recycle more copper, as global demand outpaces primary mining production.
Naturgy secures shareholder approval to buy back 10% of its shares to increase free float and boost market visibility.
Naturgy secures shareholder approval to buy back 10% of its shares to increase free float and boost market visibility.
Investment firm Ardian has completed the acquisition of renewable energy producer Akuo, active in photovoltaics, wind and storage, with stated ambitions for international expansion and increased capacity.
Shell aims to increase its cost reductions to USD 7 billion by 2028, leveraging artificial intelligence and targeted restructurings in its chemical divisions.
Shell aims to increase its cost reductions to USD 7 billion by 2028, leveraging artificial intelligence and targeted restructurings in its chemical divisions.
Global energy consumption growth doubled in 2024 compared to its ten-year average, fuelled by rising electricity use in advanced and emerging economies, according to a report by the International Energy Agency.
Global energy consumption growth doubled in 2024 compared to its ten-year average, fuelled by rising electricity use in advanced and emerging economies, according to a report by the International Energy Agency.
Crowley, in partnership with Naturgy, has launched LNG transport to Puerto Rico, bypassing restrictions imposed by the Jones Act to meet the island's energy demand.
Crowley, in partnership with Naturgy, has launched LNG transport to Puerto Rico, bypassing restrictions imposed by the Jones Act to meet the island's energy demand.
Abastible, a Chilean company specializing in liquefied gas and electricity, has signed a power purchase agreement with Zelestra. This hybrid project combines 220 MWdc of solar energy and 1 GWh of battery storage to support night-time energy supply.
Brookfield has completed the acquisition of 97.73% of Neoen, a French renewable energy producer, and has initiated the process to withdraw the company from the Paris Stock Exchange.
Brookfield has completed the acquisition of 97.73% of Neoen, a French renewable energy producer, and has initiated the process to withdraw the company from the Paris Stock Exchange.
Octopus Energy Generation announces four new investments in renewable energy in France, bringing the total capacity of its assets in the country to over 500 MW, with a target of one billion euros invested by 2025.
Octopus Energy Generation announces four new investments in renewable energy in France, bringing the total capacity of its assets in the country to over 500 MW, with a target of one billion euros invested by 2025.
Nexans has announced that it has entered into exclusive negotiations with the investment fund Latour Capital for the sale of Lynxeo, its industrial cable division, for an amount of 525 million euros. This transaction is part of the group’s strategy to focus on electrification.
Nexans has announced that it has entered into exclusive negotiations with the investment fund Latour Capital for the sale of Lynxeo, its industrial cable division, for an amount of 525 million euros. This transaction is part of the group’s strategy to focus on electrification.
Lyon-based company Carester has begun construction of a rare earth recycling and refining plant in Lacq, Pyrénées-Atlantiques, after securing €216 million in funding from the French government and Japanese partners. The site, named Caremag, is set to begin operations by the end of 2026.
In Fos-sur-Mer, the transformation of the industrial-port zone into a low-carbon industrial hub raises both ambitions and questions. Despite announced investments, challenges related to infrastructure, energy, and timelines remain significant.
In Fos-sur-Mer, the transformation of the industrial-port zone into a low-carbon industrial hub raises both ambitions and questions. Despite announced investments, challenges related to infrastructure, energy, and timelines remain significant.
Ecopetrol S.A. has initiated a market maker program in collaboration with Andes Investment Group Inc. and Valores Bancolombia S.A. Comisionista de Bolsa, aiming to improve trading conditions and the liquidity of its shares on the Colombian Stock Exchange.
Ecopetrol S.A. has initiated a market maker program in collaboration with Andes Investment Group Inc. and Valores Bancolombia S.A. Comisionista de Bolsa, aiming to improve trading conditions and the liquidity of its shares on the Colombian Stock Exchange.
TotalEnergies faces multiple lawsuits initiated by international NGOs over environmental and social issues related to its global projects. While several cases remain ongoing, the majority have been dismissed or dropped by the courts, questioning their legitimacy.
TotalEnergies faces multiple lawsuits initiated by international NGOs over environmental and social issues related to its global projects. While several cases remain ongoing, the majority have been dismissed or dropped by the courts, questioning their legitimacy.
Enel doubled its net profit to €7 billion in 2024, despite the decline in electricity and gas prices. The company also reduced its net debt through asset disposals and implemented a strategy focused on profitability.
US data centre capacity surpassed 92 GW by the end of 2024, with a significant rise in investments and larger projects, driven by the increasing demand for artificial intelligence (AI).
US data centre capacity surpassed 92 GW by the end of 2024, with a significant rise in investments and larger projects, driven by the increasing demand for artificial intelligence (AI).
Viridien S.A. has completed a $925 million senior secured bond issuance to refinance its second-lien debt and strengthen its liquidity profile. Rating agencies have upgraded their assessments following this transaction.
Viridien S.A. has completed a $925 million senior secured bond issuance to refinance its second-lien debt and strengthen its liquidity profile. Rating agencies have upgraded their assessments following this transaction.
JSW Energy has completed the acquisition of KSK Mahanadi Power Company Limited for $1.93 billion, adding 1,800 MW to its operational capacity and bringing its total capacity beyond 10 GW.
JSW Energy has completed the acquisition of KSK Mahanadi Power Company Limited for $1.93 billion, adding 1,800 MW to its operational capacity and bringing its total capacity beyond 10 GW.
In 2024, Getlink reported a 5% drop in net profit, reaching €317 million. This decline is attributed to the temporary suspension of its ElecLink cross-Channel cable and the growing competition from ferries.
Baker Hughes and Woodside Energy have signed an agreement to develop a low-carbon energy production solution using the NET Power platform, targeting the energy and industrial sectors at small scale.
Baker Hughes and Woodside Energy have signed an agreement to develop a low-carbon energy production solution using the NET Power platform, targeting the energy and industrial sectors at small scale.
Vaalco Energy, Inc. has announced the signing of a new $300 million revolving credit facility with The Standard Bank of South Africa Limited, aimed at supporting its growth projects and investments across its African assets.
Vaalco Energy, Inc. has announced the signing of a new $300 million revolving credit facility with The Standard Bank of South Africa Limited, aimed at supporting its growth projects and investments across its African assets.
State-owned companies, such as Saudi Aramco, are responsible for more CO2 emissions than private firms like Shell or ExxonMobil, according to a study by the British think tank InfluenceMap.
State-owned companies, such as Saudi Aramco, are responsible for more CO2 emissions than private firms like Shell or ExxonMobil, according to a study by the British think tank InfluenceMap.

Advertising