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	<title>Stock Blog Hub &#187; McDermott International Inc.</title>
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		<title>(MDR) McDermott International &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2011/09/12/mdr-mcdermott-international-bear-of-the-day-4/82962</link>
		<comments>http://www.stockbloghub.com/2011/09/12/mdr-mcdermott-international-bear-of-the-day-4/82962#comments</comments>
		<pubDate>Mon, 12 Sep 2011 17:20:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
		<category><![CDATA[MDR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=82962</guid>
		<description><![CDATA[Following a second quarter earnings miss, we are downgrading McDermott International (MDR) shares to Underperform from Neutral. The company recently reported lower-than-expected EPS for the June quarter, adversely affected by a less favorable geographic mix and weak margins in the Middle East. Near-term bookings remain lumpy at McDermott, as the current uncertain environment has hurt the economics of building new oil and gas infrastructure. Additionally, the transfer of the power generation and government operations has left McDermott with a less diversified business, thereby heightening its risk profile. These factors are reflected in our downgrade of the company&#8217;s shares. Our $12 price objective reflects a 2011 P/E multiple of 10.1x. MCDERMOTT INTL (MDR): Free Stock Analysis Report Zacks Investment Research]]></description>
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		</item>
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		<title>(VLO) Oil and Natural Gas Stock Outlook &#8211; July 2011 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2011/07/20/vlo-oil-and-natural-gas-stock-outlook-july-2011-industry-outlook/79406</link>
		<comments>http://www.stockbloghub.com/2011/07/20/vlo-oil-and-natural-gas-stock-outlook-july-2011-industry-outlook/79406#comments</comments>
		<pubDate>Wed, 20 Jul 2011 15:33:48 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<category><![CDATA[McDermott International Inc.]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=79406</guid>
		<description><![CDATA[Crude Oil The improving economic scene – both here in the U.S. as well as worldwide – and the continued unrest in producing countries had been the main driver of the oil rally, which saw the commodity zoom past the $110 per barrel level earlier this year. However, apprehensions about high U.S. crude stocks, the release of emergency oil supplies from government-held strategic reserves into the world market, and uncertainty over oil supply disruptions in the Middle East have been weighing on investor sentiment, weakening oil prices to less than $100 a barrel. But far too many factors weigh on oil prices to definitively size up each one of them for their respective impact on prices. Some of those factors include OPEC decisions, geostrategic tensions the value of the U.S. ]]></description>
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		<title>(MDR) McDermott International Secures SURF Deal</title>
		<link>http://www.stockbloghub.com/2011/07/11/mdr-mcdermott-international-secures-surf-deal/78613</link>
		<comments>http://www.stockbloghub.com/2011/07/11/mdr-mcdermott-international-secures-surf-deal/78613#comments</comments>
		<pubDate>Mon, 11 Jul 2011 15:48:23 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<category><![CDATA[McDermott International Inc.]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78613</guid>
		<description><![CDATA[The Australian unit of McDermott International Inc. (MDR) has won a deepwater offshore contract for the Macedon Gas Project in Western Australia. Per the terms of the deal, the company would be involved in engineering and construction of the project along with structural transportation and installation of subsea infrastructure. This happens to be McDermott’s first SURF (Subsea, Umbilicals, Risers and Flowlines) venture in Australia. The scope of the deal includes thorough engineering, procurement, fabrication, transportation and installation of a 47.7-mile long and 20-inch diameter pipeline. The company will also set up subsea umbilicals and flexible flowlines using vessels from its fleet operating in water depths up to 590.5 feet. Located in the Pilbara region, the $1.5 billion Macedon Gas Project is operated by BHP Billiton (BHP) with a 71.43% interest, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/11/mdr-mcdermott-international-secures-surf-deal/78613/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BWC) The Babcock &amp; Wilcox Company Wins Swedish Contract</title>
		<link>http://www.stockbloghub.com/2011/04/03/bwc-the-babcock-wilcox-company-wins-swedish-contract/70490</link>
		<comments>http://www.stockbloghub.com/2011/04/03/bwc-the-babcock-wilcox-company-wins-swedish-contract/70490#comments</comments>
		<pubDate>Sun, 03 Apr 2011 16:11:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Equity]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Blackrock World Investment Trust]]></category>
		<category><![CDATA[BWC]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=70490</guid>
		<description><![CDATA[Babcock &#38; Wilcox Volund A/S (B&#38;W Volund), a subsidiary of The Babcock &#38; Wilcox Company (BWC) announced that it has won a contract worth more than $30 million from Sweden based Lidkoping Varmeverk AB. Per the terms of the agreement, Babcock &#38; Wilcox Company will design and supply a boiler, combustion system, emissions control components and other equipment for the development of a waste-to-energy, combined heat and power plant in Lidkoping. With engineering work already in progress, the project appears on track to meet an early 2013 completion target. In July 2010, Babcock &#38; Wilcox Company had separated from the energy-focused engineering and construction company McDermott International Inc. (MDR) in a tax-free spin-off. In the spin-off, each shareholder of McDermott received one share of Babcock &#38; Wilcox Company for every ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/04/03/bwc-the-babcock-wilcox-company-wins-swedish-contract/70490/feed</wfw:commentRss>
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		</item>
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		<title>(BBY) Company News for March 25,2011 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2011/03/28/bby-company-news-for-march-252011-corporate-summary-2/69834</link>
		<comments>http://www.stockbloghub.com/2011/03/28/bby-company-news-for-march-252011-corporate-summary-2/69834#comments</comments>
		<pubDate>Mon, 28 Mar 2011 14:01:45 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=69834</guid>
		<description><![CDATA[• Beat Buy (NYSE:BBY) reported Q4 EPS today of $1.98, beating the Zacks Consensus Estimate of $1.84 per share. Revenue for the quarter was down 1.8% year-over-year to $16.3 billion higher than the Zacks Consensus Estimate of $16.298 billion • Walgreen Co. (NYSE:WAG) reported its plan to purchase online pharmacy drugstore.com inc (NASDAQ:DSCM) for $3.80 a share, or about $409 million • Medical-device manufacturer TranS1 Inc (NASDAQ:TSON) said U.S. regulators had cleared its spinal implant system • On late Wednesday, MediciNova Inc&#8217;s (NASDAQ:MNOV) announced an $8.25 million public offering of stock and warrants • Madison Williams analysts initiated coverage on Kinder Morgan (NYSE:KMI) setting a target price of $34.00 with “accumulate” rating • Howard Weil analysts initiated coverage on McDermott International (NYSE:MDR) with an “Outperform” rating with a target price of $30.00 • Oppenheimer initiated coverage on ]]></description>
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		</item>
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		<title>(BBY) Company News for March 25,2011 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2011/03/25/bby-company-news-for-march-252011-corporate-summary/69786</link>
		<comments>http://www.stockbloghub.com/2011/03/25/bby-company-news-for-march-252011-corporate-summary/69786#comments</comments>
		<pubDate>Fri, 25 Mar 2011 19:34:23 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=69786</guid>
		<description><![CDATA[• Beat Buy (NYSE:BBY) reported Q4 EPS today of $1.98, beating the Zacks Consensus Estimate of $1.84 per share. Revenue for the quarter was down 1.8% year-over-year to $16.3 billion higher than the Zacks Consensus Estimate of $16.298 billion • Walgreen Co. (NYSE:WAG) reported its plan to purchase online pharmacy drugstore.com inc (NASDAQ:DSCM) for $3.80 a share, or about $409 million • Medical-device manufacturer TranS1 Inc (NASDAQ:TSON) said U.S. regulators had cleared its spinal implant system • On late Wednesday, MediciNova Inc&#8217;s (NASDAQ:MNOV) announced an $8.25 million public offering of stock and warrants • Madison Williams analysts initiated coverage on Kinder Morgan (NYSE:KMI) setting a target price of $34.00 with “accumulate” rating • Howard Weil analysts initiated coverage on McDermott International (NYSE:MDR) with an “Outperform” rating with a target price of $30.00 • Oppenheimer initiated coverage on ]]></description>
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		</item>
		<item>
		<title>(AAPL) Company News for March 03, 2011 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2011/03/03/aapl-company-news-for-march-03-2011-corporate-summary/67983</link>
		<comments>http://www.stockbloghub.com/2011/03/03/aapl-company-news-for-march-03-2011-corporate-summary/67983#comments</comments>
		<pubDate>Thu, 03 Mar 2011 21:24:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67983</guid>
		<description><![CDATA[• According to Bloomberg, Weatherford (NYSE:WFT) filed to delay its 10-K because of weak internal controls over reporting for income taxes. The company reported errors in its tax accounting and will need to adjust previously reported results • BJ’s Wholesale Club (NYSE:BJ) reported Q4 EPS of $0.95, ex-items, ahead of the Zacks Consensus Estimate of $0.92 per share • JPMorgan (NYSE:JPM) upgraded Texas Instruments (NYSE:TXN) saying an inventory correction was nearing its end and demand looks to be improving • On Wednesday, Apple Inc’s (NASDAQ:AAPL) CEO Steve Jobs took the stage in San Francisco to formally introduce the iPad 2 • McDermott International (NYSE:MDR) has entered into an agreement with the State Oil Co. of Azerbaijan to develop pipeline projects in the Caspian Sea • Joy Global Inc’s (NASDAQ:JOYG) first-quarter profit missed estimates after flooding in ]]></description>
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		<item>
		<title>(MDR) McDermott International Earns New Contract From Vetco Gray Australia</title>
		<link>http://www.stockbloghub.com/2010/10/12/mdr-mcdermott-international-earns-new-contract-from-vetco-gray-australia/54915</link>
		<comments>http://www.stockbloghub.com/2010/10/12/mdr-mcdermott-international-earns-new-contract-from-vetco-gray-australia/54915#comments</comments>
		<pubDate>Tue, 12 Oct 2010 22:46:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=54915</guid>
		<description><![CDATA[Energy-focused engineering and construction firm McDermott International (MDR) announced that one of its units has received a subsea infrastructure contract from Vetco Gray Australia Pty Ltd. The transaction, valued in excess of $50 million, will be included in McDermott&#8217;s fourth-quarter 2010 bookings. The project calls for McDermott to make 12,000 tons of subsea structures and spools for Chevron Corp’s (CVX) Gorgon liquefied natural gas (“LNG”) venture in Australia. Chevron Australia holds approximately 47% operated interest in the A$43 billion ($37 billion) Gorgon development. The other partners are ExxonMobil Corp. (XOM) and Royal Dutch Shell PLC (RDSA). The Gorgon gas fields, off the coast of Western Australia, are estimated to contain 40 trillion cubic feet of gas deposits with an expected economic life of at least 40 years from the time ]]></description>
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		</item>
		<item>
		<title>(MDR) McDermott International &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2010/09/21/mdr-mcdermott-international-bear-of-the-day-2/52367</link>
		<comments>http://www.stockbloghub.com/2010/09/21/mdr-mcdermott-international-bear-of-the-day-2/52367#comments</comments>
		<pubDate>Tue, 21 Sep 2010 15:50:45 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52367</guid>
		<description><![CDATA[We are downgrading McDermott International (MDR) shares to Underperform from Neutral due to the tentative commodity price scenario and the company&#8217;s clouded post-split outlook. Near-term bookings remain lumpy at McDermott, as the current uncertain environment has adversely affected the economics of building new oil and gas infrastructure. Additionally, the transfer of the power generation and government operations has left McDermott with a less diversified business, thereby heightening its risk profile. These factors are reflected in our downgrade of the company&#8217;s shares to Underperform from Neutral. Our $12 price objective reflects 2010 P/E multiple of 10.4x. MCDERMOTT INTL (MDR): Free Stock Analysis Report Zacks Investment Research]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MDR) McDermott International &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2010/09/15/mdr-mcdermott-international-bear-of-the-day/51552</link>
		<comments>http://www.stockbloghub.com/2010/09/15/mdr-mcdermott-international-bear-of-the-day/51552#comments</comments>
		<pubDate>Wed, 15 Sep 2010 15:07:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
		<category><![CDATA[MDR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=51552</guid>
		<description><![CDATA[We are downgrading McDermott International (MDR) shares to Underperform from Neutral due to the tentative commodity price scenario and the company&#8217;s clouded post-split outlook. Near-term bookings remain lumpy at McDermott, as the current uncertain environment has adversely affected the economics of building new oil and gas infrastructure. Additionally, the transfer of the power generation and government operations has left McDermott with a less diversified business, thereby heightening its risk profile. Partially offsetting these negatives are the company&#8217;s solid margins, clean execution skills and expectations of accelerated activity levels later this year. Zacks Investment Research]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MDR) McDermott International Beats Expectations but Sales Slump</title>
		<link>http://www.stockbloghub.com/2010/05/18/mdr-mcdermott-international-beats-expectations-but-sales-slump/37523</link>
		<comments>http://www.stockbloghub.com/2010/05/18/mdr-mcdermott-international-beats-expectations-but-sales-slump/37523#comments</comments>
		<pubDate>Tue, 18 May 2010 15:41:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
		<category><![CDATA[MDR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=37523</guid>
		<description><![CDATA[Energy-focused engineering and construction company McDermott International (MDR) reported better-than-expected first-quarter earnings, driven by robust performance from the Offshore Oil and Gas Construction segment. Earnings per share, excluding costs related to a planned spin-off, came in at 38 cents, 2 cents above the Zacks Consensus Estimate and 5 cents above the prior-year period. However, revenue of $1.2 billion was down 20.9% from the first quarter 2009 level, reflecting lower sales in all the company’s segments. Segment Performance McDermott’s segment results are as follows: Offshore Oil and Gas Construction: Segment revenues were down 26.7% to $519.5 million as higher sales in the Asia Pacific were more than offset by reduced levels in other areas. Income for the quarter came in at $82.8 million, compared with $45.0 million during the first quarter ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/18/mdr-mcdermott-international-beats-expectations-but-sales-slump/37523/feed</wfw:commentRss>
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		<title>(MDR) McDermott International Unit Earns More Vietnam Work</title>
		<link>http://www.stockbloghub.com/2010/04/08/mdr-mcdermott-international-unit-earns-more-vietnam-work/33201</link>
		<comments>http://www.stockbloghub.com/2010/04/08/mdr-mcdermott-international-unit-earns-more-vietnam-work/33201#comments</comments>
		<pubDate>Thu, 08 Apr 2010 21:27:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
		<category><![CDATA[MDR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33201</guid>
		<description><![CDATA[J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the receipt of a transportation and installation contract from Vietnam-based PTSC Mechanical &#38; Construction Company Ltd. The financial terms of the transaction were not disclosed. The contract calls for J. Ray to transport and install two wellhead platform jackets, topsides (including two drill decks, a main deck and helideck/electrical house), infield pipelines (including tie-spools and a pin-piled pipeline end manifold), and a subsea isolation valve. The company is due to commence work in the third quarter of 2010. J. Ray sees the PTSC award as a major push behind its strategy of tapping the Asia-Pacific market. To be carried out in the Te Giac Trang oilfield offshore Vietnam, it is the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/08/mdr-mcdermott-international-unit-earns-more-vietnam-work/33201/feed</wfw:commentRss>
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		<title>(MDR) McDermott International Unit Wins Saudi Aramco Deal</title>
		<link>http://www.stockbloghub.com/2010/03/29/mdr-mcdermott-international-unit-wins-saudi-aramco-deal/31765</link>
		<comments>http://www.stockbloghub.com/2010/03/29/mdr-mcdermott-international-unit-wins-saudi-aramco-deal/31765#comments</comments>
		<pubDate>Mon, 29 Mar 2010 21:07:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
		<category><![CDATA[MDR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31765</guid>
		<description><![CDATA[J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the receipt of an infrastructure upgrade and electrification contract from Saudi Aramco, the state-owned national oil company of Saudi Arabia. The financial terms of the transaction were not disclosed. The project, encompassing the upgrade of crude gathering and power supply facilities in Saudi Aramco&#8217;s Safaniya field, will help sustain crude oil production to meet Saudi Aramco&#8217;s maximum sustainable capacity targets for the field by 2013. As per the agreement terms, J. Ray will be responsible for engineering, procurement, construction, and installation (or EPCI) of a new tie-in platform (STP-20) with a 6,000-ton topside, a new electrical deck module for an existing platform (STP-18), a 53-kilometer, 42-inch trunk line, 4 new in-field ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/29/mdr-mcdermott-international-unit-wins-saudi-aramco-deal/31765/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(MDR) McDermott International Unit Wins Vietnam Subsea Infrastructure Contract</title>
		<link>http://www.stockbloghub.com/2010/03/18/mdr-mcdermott-international-unit-wins-vietnam-subsea-infrastructure-contract/31099</link>
		<comments>http://www.stockbloghub.com/2010/03/18/mdr-mcdermott-international-unit-wins-vietnam-subsea-infrastructure-contract/31099#comments</comments>
		<pubDate>Thu, 18 Mar 2010 19:15:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
		<category><![CDATA[MDR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31099</guid>
		<description><![CDATA[J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the receipt of a subsea infrastructure contract from Vietnam-based PetroVietnam Technical Services Corp. The financial terms of the transaction were not disclosed. The contract, encompassing engineering, procurement, construction and installation of new production and export lines, umbilical and subsea cable, calls for J. Ray to tie-in, test and pre-commission two 2.2 kilometers flexible flowlines, replace two 2.3 kilometers export flowlines and umbilical, install a subsea cable and 4.8 kilometers of insulated flexible flowlines. J. Ray is due to commence engineering and procurement work immediately, while offshore installation is likely to begin during the third quarter of 2011. J. Ray sees the PetroVietnam award as a major push to its strategy of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/18/mdr-mcdermott-international-unit-wins-vietnam-subsea-infrastructure-contract/31099/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(MDR) McDermott International Subsidiary to Buy General Electric Unit</title>
		<link>http://www.stockbloghub.com/2010/03/18/mdr-mcdermott-international-subsidiary-to-buy-general-electric-unit/30878</link>
		<comments>http://www.stockbloghub.com/2010/03/18/mdr-mcdermott-international-subsidiary-to-buy-general-electric-unit/30878#comments</comments>
		<pubDate>Thu, 18 Mar 2010 19:03:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric Company]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
		<category><![CDATA[MDR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30878</guid>
		<description><![CDATA[Babcock &#38; Wilcox Power Generation Group – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the purchase of an air and emissions unit from GE Energy, a division of General Electric Co. (GE). No details were available on the financial terms of the transaction, which is expected to close following the satisfaction of customary closing conditions. The GE Energy segment employs around 220 people in various locations in the U.S. and worldwide, who are scheduled to become part of Babcock &#38; Wilcox in the coming months. The acquisition include GE Energy’s electrostatic precipitator and emissions monitoring business units, consisting of its electrostatic precipitator replacement parts and mechanical components product lines, electrostatic precipitator performance-enhancing hardware and controls, continuous emissions monitoring systems, data acquisition and handling ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/18/mdr-mcdermott-international-subsidiary-to-buy-general-electric-unit/30878/feed</wfw:commentRss>
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		<title>(MDR) McDermott International Beats Expectations &#8211; Profit Soars</title>
		<link>http://www.stockbloghub.com/2010/03/04/mdr-mcdermott-international-beats-expectations-profit-soars/29683</link>
		<comments>http://www.stockbloghub.com/2010/03/04/mdr-mcdermott-international-beats-expectations-profit-soars/29683#comments</comments>
		<pubDate>Thu, 04 Mar 2010 16:58:36 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
		<category><![CDATA[MDR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29683</guid>
		<description><![CDATA[Energy-focused engineering and construction company McDermott International (MDR) reported better-than-expected fourth-quarter earnings, driven by robust performance from the Offshore Oil and Gas Construction segment. Earnings per share came in at 42 cents, 2 cents above the Zacks Consensus Estimate and 23 cents above the prior-year period. This was the company’s fourth consecutive positive earnings surprise. McDermott has performed well during this period, with its average earnings surprise being 11.1%. This implies that the company has exceeded the Zacks Consensus Estimate by 11.1% over the last four quarters. However, revenue of $1.5 billion was down 12.3% from the fourth quarter 2008 level. This was mainly on account of weak performance of the company’s Power Generation Systems segment. Segment Performance McDermott’s segment results are as follows: Offshore Oil and Gas Construction: Segment ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/04/mdr-mcdermott-international-beats-expectations-profit-soars/29683/feed</wfw:commentRss>
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		<title>(MDR) McDermott International Unit Buys Vessel Stakes</title>
		<link>http://www.stockbloghub.com/2009/12/27/mdr-mcdermott-international-unit-buys-vessel-stakes/23550</link>
		<comments>http://www.stockbloghub.com/2009/12/27/mdr-mcdermott-international-unit-buys-vessel-stakes/23550#comments</comments>
		<pubDate>Sun, 27 Dec 2009 23:23:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
		<category><![CDATA[MDR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23550</guid>
		<description><![CDATA[J. Ray McDermott S.A. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the purchase of interest in two underwater oil and gas construction vessels from Norwegian offshore services company Oceanteam ASA. The acquisitions include a 50% stake in the subsea construction vessel North Ocean 102 and a 75% stake in a new build vessel North Ocean 105. The financial terms of the transaction were not disclosed. J. Ray has agreed to charter the vessels for five years, following which it will have the option to buyout Oceanteam’s share in both the ships. The company expects to take delivery of North Ocean 102 in the third quarter of 2010. The second vessel, North Ocean 105, is still unbuilt. J. Ray will collaborate with Oceanteam ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/27/mdr-mcdermott-international-unit-buys-vessel-stakes/23550/feed</wfw:commentRss>
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		<title>(MDR) McDermott International Unit Wins Nuclear Deal</title>
		<link>http://www.stockbloghub.com/2009/12/16/mdr-mcdermott-international-unit-wins-nuclear-deal/23020</link>
		<comments>http://www.stockbloghub.com/2009/12/16/mdr-mcdermott-international-unit-wins-nuclear-deal/23020#comments</comments>
		<pubDate>Wed, 16 Dec 2009 23:06:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
		<category><![CDATA[MDR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23020</guid>
		<description><![CDATA[The Babcock &#38; Wilcox Co. – a subsidiary of energy-focused engineering and construction firm McDermott International Inc. (MDR) – announced the receipt of a nuclear contract from leading power supplier Energy Northwest. As per the deal, Babcock &#38; Wilcox will support a condenser replacement project at Energy Northwest’s Columbia Generating Station (a nuclear power station) in Richland, Washington. The project is scheduled during a 2011 outage at the plant. During the outage, Babcock &#38; Wilcox will take away the existing waterboxes and copper-nickel tube bundles, following which they will be replaced by new waterboxes and titanium tube bundles. Additionally, Babcock &#38; Wilcox will carry out piping rerouting and reconnections to the condenser. Finally, after the completion of the outage, Babcock &#38; Wilcox will restore the interferences and inspect the final ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/16/mdr-mcdermott-international-unit-wins-nuclear-deal/23020/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(MDR) McDermott International to Spin off Nuclear Unit</title>
		<link>http://www.stockbloghub.com/2009/12/08/mdr-mcdermott-international-to-spin-off-nuclear-unit/22234</link>
		<comments>http://www.stockbloghub.com/2009/12/08/mdr-mcdermott-international-to-spin-off-nuclear-unit/22234#comments</comments>
		<pubDate>Tue, 08 Dec 2009 18:46:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
		<category><![CDATA[MDR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22234</guid>
		<description><![CDATA[Energy-focused engineering and construction firm, McDermott International Inc. (MDR) announced plans to separate its power generation business from its offshore oil and gas services business, thereby creating two independent, publicly traded companies. McDermott will spin-off The Babcock &#38; Wilcox Company (B&#38;W), which specializes in construction, environmental controls and boilers for the power plant industry, within the next three–four quarters. Babcock &#38; Wilcox also manufactures nuclear components. The remaining business will take on the name of McDermott&#8217;s J. Ray McDermott S.A. (JRMSA) operating subsidiary and will trade under McDermott International&#8217;s existing ticker symbol, MDR. J. Ray McDermott will stand alone as an engineering, construction and installation company, focused in the offshore oil and gas exploration and production market. The spin-off is proposed to be tax-free to shareholders of McDermott. Post separation, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/08/mdr-mcdermott-international-to-spin-off-nuclear-unit/22234/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(MDR) McDermott International Reports Profit Growth</title>
		<link>http://www.stockbloghub.com/2009/11/14/mdr-mcdermott-international-reports-profit-growth/20528</link>
		<comments>http://www.stockbloghub.com/2009/11/14/mdr-mcdermott-international-reports-profit-growth/20528#comments</comments>
		<pubDate>Sat, 14 Nov 2009 23:44:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Heavy Construction]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[McDermott International Inc.]]></category>
		<category><![CDATA[MDR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20528</guid>
		<description><![CDATA[Energy-focused engineering and construction company, McDermott International Inc. (MDR) reported better-than-expected third-quarter earnings, driven by robust performance from the Offshore Oil and Gas Construction segment. Earnings per share came in at 50 cents, 10 cents above the Zacks Consensus Estimate and 13 cents above the prior-year period. Revenues were up marginally (by 0.7%) to $1.7 billion. Offshore Oil and Gas Construction McDermott’s Offshore Oil and Gas Construction segment revenues were up 26% to a record $1 billion, as higher sales in the Middle East and Caspian regions more than offset reduced levels in other areas. Operating income for the quarter came in at $106.5 million (second highest quarterly income ever), compared to a loss of $19.7 million during the third quarter of 2008, reflecting strength in the Asia Pacific and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/14/mdr-mcdermott-international-reports-profit-growth/20528/feed</wfw:commentRss>
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