The Chalchi FSO vessel is currently under construction and, once completed, will operate under a 20-year lease agreement with ...

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. The FSO, owned and operated by ...

Lloyd’s Register (LR) has granted an Approval in Principle (AiP) to Wison New Energies for a harsh-environment floating production storage and offloading (FPSO) design featuring an internal turret ...

MODEC, Inc. and Toray Industries, Inc. announced that they have jointly developed a carbon fibre-reinforced plastic (CFRP) patch technique for repairs on Floating Production, Storage and Offloading ...

HOUSTON, Apr. 5-- Korea National Oil Corp. (KNOC) signed a letter of intent with Modec Inc., Japan, as part of a consortium with Mitsui & Co. Ltd. and Petroleum Technical Services Co. (PTSC), a ...

Vietnamese operator Phu Quoc Petroleum Operating Company has approached the market seeking a contractor to supply, operate and maintain a newbuild floating storage and offloading vessel to process ...

MODEC, Inc. reported Friday that it has signed a contract with Japan Vietnam Petroleum Co., Ltd. (JVPC), which is a group company of Nippon Oil Corp., for the supply and operation of a floating ...

Robert Allan Ltd. announced that it was selected by Teekay Shipping (Canada) Ltd. to provide the contract engineering package for the conversion of the M/V Navion Clipper from a shuttle tanker into a ...

SBM Offshore is selling a 45% stake in the FSO Chalchi to NYK, strengthening our partnership! We're excited for the future in ...