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 much-anticipated ONE GUYANA Floating Production, Storage and Offloading (FPSO) vessel arrived in Guyana’s waters last Tuesday. Slated for operations in the Yellowtail development, it joins the ...

Other business ventures he’s expanding in 2025 include the launch of X Money, a fintech platform, and X TV, a streaming media service. According to CEO Linda Yaccarino, the goal is to transform ...

India planning to launch military strike against Pakistan within 24 to 36 hours, claims Pak minister The round, which was a mix of equity and debt financing, also saw existing investors General ...

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 ...

Michael Novogratz’s Galaxy Ventures Fund I LP is expected to raise around $175 million to $180 million by the end of June to build a portfolio of 30 crypto and blockchain startups. According to ...

Billionaire Michael Novogratz’s Galaxy Ventures Fund I LP has surpassed its goal of raising $150 million to build a portfolio of about 30 investments, a person familiar with the matter said.

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 ...

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 ...

PETALING JAYA: With limited upside in crude oil prices, RHB Research says it prefers floating production storage and offloading (FPSO) players and maintenance-related players with better earnings ...