McDermott International is a multinational corporation headquartered in Houston, Texas, United States. The company provides a wide range of engineering, procurement, construction, and installation (EPCI) services to the energy industry. McDermott International has a long-standing history that began in 1923 when Ralph Thomas McDermott established J.

Ray McDermott and Company in Louisiana, specializing in the construction of natural gas pipelines. Over the years, the company grew and expanded its operations to include offshore and onshore services for the oil and gas industry. In 2018, McDermott International acquired Chicago Bridge & Iron Company, creating a leading vertically integrated EPCI company.

The company's headquarters in Houston serves as the operational hub for its global operations. McDermott operates in various regions worldwide, including the Americas, Europe, the Middle East, Africa, and Asia Pacific. With a global presence, it has successfully executed projects in over 50 countries.

McDermott has formed several noteworthy partnerships and joint ventures to strengthen its position in the industry. One of its prominent subsidiaries is CB&I Storage Solutions, which provides storage tanks and terminals. The company has also partnered with several leading energy companies and stakeholders to undertake large-scale projects, including BP, Shell, and Qatar Petroleum.

McDermott International holds a strong market position in the EPCI industry. Its global sales and revenue have consistently placed the company among the top players in the market. With an extensive portfolio of successful projects and a reputation for delivering quality services, McDermott has positioned itself as a reliable and leading provider of EPCI services.

In terms of recent developments, McDermott International has faced challenges due to the industry downturn and the impact of the COVID-19 pandemic. However, the company has undertaken strategic initiatives to streamline operations, reduce costs, and strengthen its financial position. McDermott has also focused on expanding its offerings to include renewable energy projects, reflecting its commitment to sustainability and the global shift towards clean energy sources.

Despite the challenges, McDermott International remains an important player in the energy industry, with a global reach and a diverse range of services. The company's commitment to innovation, strong market position, and adaptability to industry trends ensures its continued growth and success