Saturday, September 5, 2026
Houston-based McDermott confirms oilfield service company will file for bankruptcy- oil and gas 360

Houston-based McDermott confirms oilfield service company will file for bankruptcy

Houston Chronicle McDermott International will file for Chapter 11 bankruptcy Tuesday, the struggling Houston oilfield service company confirmed. In a statement released early Tuesday morning, McDermott said it would will file a prepackaged restructuring plan at the U.S. Bankruptcy Court in Houston. The plan, which has the support of two-thirds of its creditors, would allow McDermott will receive more than