Modec on Monday said that it has been awarded the contract for the Hammerhead FPSO on a Limited Notice To Proceed (LNTP) basis by ExxonMobil Guyana, pending necessary government and regulatory ...

ExxonMobil let a contract to MODEC to develop an FPSO for its Hammerhead project, offshore Guyana. ExxonMobil Guyana Ltd. has let a contract to MODEC Inc. to develop a floating production ...

The new bidding opportunity takes place after an attempt to charter the Albacora FPSO resulted in Petrobras cancelling the tender, as the commercial proposals submitted by Norway’s BW Offshore ...

Exxon Mobil Corporation XOM is moving closer to expanding its oil output in Guyana, as its fourth floating production storage and offloading (FPSO) vessel, One Guyana, begins the installation ...

Shell plc SHEL, the British oil and gas supermajor, has awarded a multi-year operations and maintenance contract to the Japanese shipbuilding company, MODEC, to work on its Gato do Mato project in ...

ExxonMobil received the ONE GUYANA FPSO to operate in the Yellowtail development area offshore Guyana. With initial production capacity of 250,000 b/d and overall storage volume of 2 million bbl ...

These FPSO vessels, costing upward of $1 billion apiece, are used to extract hydrocarbons from deep-sea wells, clean out impurities, store the crude oil and eventually transfer the black gold to ...

MODEC has been tasked with an operations and maintenance assignment for a floating production, storage, and offloading (FPSO) vessel, specifically designed for this project. Shell had delayed the ...

Guyana became an oil-producing nation in December 2019, when Exxon brought online the Liza Destiny FPSO. Liza Unity, an under-construction FPSO that will be Guyana's second offshore facility in ...

PETALING JAYA: MISC Bhd could potentially register further impairments for its floating, production, storage and offloading vessel (FPSO) Mero 3 in the near term. According to AmInvestment Bank ...

SBM Offshore announces it has signed a non-recourse sale and leaseback financing agreement for FPSO Cidade de Paraty for the total amount of US$400 million and with a tenor of 8 years. The ...