McDermott Relocates Headquarters into New Building

Illustration purpose only

McDermott International has signed a lease for the new office building to serve as its corporate headquarters and will consolidate approximately 1,700 employees across five locations in the Houston area into one location.

McDermott signed a 16-year lease for Energy Center Five, an 18-story, 524,000-square-foot office tower located at 915 North Eldridge Parkway. McDermott will be the sole tenant in the building and will lease the building from the property landlord, TCH Energy Venture Corridor.

The new, state-of-the-art building will enhance collaboration and productivity among our employees and drive efficiency and cost savings for the company,” said David Dickson, McDermott’s president and chief executive officer. “We are also staying in Houston’s Energy Corridor, which is strategic for McDermott given the close proximity to many of our customers and partners.”  

McDermott plans to begin operations in the new building beginning in the third quarter of 2019 and will gradually transition its workforce into the new building by the end of 2019.

The company presently leases buildings at 10 locations in the Houston area and will consolidate five of those locations to fill the new building. After moving into the new building, the company is expected to have five site locations and more than 2,000 employees in the overall Houston metropolitan area.

Share this article

Follow Subsea World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >

Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

read more >

Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

read more >

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >