Energy & PowerJul 16, 2026

McDermott

Company Profile Analysis

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Year Founded & Workforce

Not available

Industry

Energy & Power

Services

McDermott Overview

The company has a wide presence with more than 70 offices in nearly 54 countries, across the world. The client portfolio includes companies across oil and gas, petrochemical, and electric power sector. It primarily competes with offshore companies including China Offshore Oil Engineering Co. Ltd, Fluor Corporation, Hyundai Heavy Industrial Co. Ltd, Petrofac International Ltd, Saipem S.P.A., Samsung Heavy Industries Co. Ltd, TechnipFMC plc, Subsea 7 S.A., Techidas Reunidas, S.A, and Wood plc.

Strategy

McDermott focuses on research and development to strengthen the product portfolio and aims to expand in the global market through collaboration and partnerships in terms of long-term contract. Moreover, the company’s research and development expenditure in 2018 was USD 20 million, which was only USD 5 million in 2017. It invests in the integrated technology, engineering expertise, and manufacturing capabilities to increase the production of pipelines, globally, to meet the demand across energy infrastructure. The company primarily focuses on the offshore/subsea and downstream markets to enhance its products and create revenue opportunities for the pipeline business.

Company Snapshot

$2,636M

Revenue

SWOT Analysis

Strengths

High industry experience across product offering in energy industry
Strong market position in offshore sector

Weaknesses

Limited research and development activities

Opportunities

Investment in the research and development to enhance product quality and bids in pipeline contracts
Scope in the long-term supplier contracts with raw material for products in subsea and offshore segment

Threats

Volatility in the raw material prices
Declining market share due to an increase in competition across domestic market

Product Offering

McDermott
- Offshore Pipeline

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles McDermott as part of our ongoing coverage of the Energy & Power sector, drawing on public company data, filings, and market intelligence.

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Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

McDermott

McDermott designs and develops integrated solutions and products for the energy sector. The company primarily operates through offshore and subsea, downstream, liquefied natural gas (LNG), and power. In the offshore and subsea segment, it offers technology and EPCI services for the upstream oil & gas sector. It also offers topsides and floating production and storage and offloading (FPSO) vessels and pipelines. The company has a wide presence with more than 70 offices in nearly 54 countries, across the world. The client portfolio includes companies across oil and gas, petrochemical, and electric power sector. It primarily competes with offshore companies including China Offshore Oil Engineering Co. Ltd, Fluor Corporation, Hyundai Heavy Industrial Co. Ltd, Petrofac International Ltd, Saipem S.P.A., Samsung Heavy Industries Co. Ltd, TechnipFMC plc, Subsea 7 S.A., Techidas Reunidas, S.A, and Wood plc.

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