McDermott’s J. Ray fumbles againService company loses millions on delays, has cost overruns on ‘first-of-a-kind’ marine construction jobs Ray Tyson Petroleum News Houston Correspondent
Oilfield service company McDermott International is sounding like a broken record these days when it comes to apologizing for its troubled marine construction unit, J. Ray McDermott.
Again, Louisiana-based McDermott has promised better times ahead for J. Ray, following a dismal 2003 fourth quarter....
[additional news subjects in this story]
Additional costs for completion of three projects Fourth quarter revenues jump Company stock has plummeted
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