Modec Inc.’s floating storage and offloading unit Ta’Kuntah has reached a milestone in the industry—offloading a total of 1 billion bbl of oil to 1,745 export tankers. Oct. 20, 2008 Modec Inc.’s ...

Global energy investor Samos Energy has signed a ship sale agreement to purchase the Suksan Salamander floating storage and offloading (FSO) unit from Altera Infrastructure Group. The financial terms ...

Yinson Production, via its joint venture PTSC South East Asia (PTSC SEA), has secured a lease and operate contract for a new floating storage and offloading (FSO) unit for Vietnam’s offshore Block B ...

Security in the form of bonds and/or guarantees is commonly given in contracts for the building or conversion of vessels to floating production storage and offloading ("FPSO") or floating storage and ...

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The FSO Safer vessel is seen at Ras Issa port in Hodeidah province, Yemen, on May 30, 2023. A United Nations (UN) ship arrived on Tuesday at the site of the floating storage and offloading (FSO) Safer ...

The risk of an environmental disaster caused by the rusting oil tanker FSO Safer has not yet disappeared. But thanks to efforts by the German Government and its partners on the margins of the UN ...

The Ailsa, a floating storage and offloading (FSO) vessel, is scheduled to be moved during June to Culzean gas field in the UK North Sea, said Sembcorp Marine in an announcement about the vessel’s ...

BG Group has technically pre-qualified SBM Offshore, Modec International and BW Offshore in a competition to potentially supply the FSO. According to a source, BG Group is offering contractors a ...

A new floating storage and offloading vessel destined to work for TotalEnergies in Nigeria has arrived at Cosco Shipping ...

Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the south Asian oil importer to significantly reduce the cost of shipping in crude ...

NEW YORK/MILAN (Reuters) - The United States has assured Italian oil company Eni SpA that efforts to prevent a spill at a floating crude facility in Venezuela would not run afoul of sanctions, the ...