The contract for the Hammerhead FPSO has been awarded to Modec on a Limited Notice To Proceed (LNTP) basis by ExxonMobil ...

Move could potentially reshape regional competition as Hanwha Ocean expands through its Dyna-Mac acquisition and OceanStar ...

MODEC has executed a contract with Sumitomo Heavy Industries for the delivery of Gato do Mato floating production, storage ...

Following this assignment, Vasser was assigned to a team in Houston that designed the topsides for two more platforms, an ...

Good morning, everyone, and a warm welcome to Var Energi's First Quarter 2025 Results. The presentation today will be given by our CEO, Nick Walker; and our CFO, Carlo Santopadre. Nick and Carlo will ...

In addition to expanding opportunities for data centers, we have a strong pipeline of LNG, FPSO and gas infrastructure ... the scope will cover topsides, subsea, water injection and utility ...

Net income as determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"), for the first quarter of 2025 was $402 million. Net income decreased $777 ...

Ecopetrol SA is evaluating scenarios to ensure continuity of projects in the southern Caribbean following Shell's decision to withdraw.

MODEC Inc. has secured a contract from ExxonMobil Guyana Ltd. to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project. MODEC said in a media release the ...

The management team reiterated operational plans as part of the company’s first-quarter 2025 earnings report and indicated an expected lull in operational activity from this ...