Japanese floater specialist Modec has awarded a major front-end engineering and design contract to Chinese yard CIMC Raffles for its next generation newbuild hull for floating production storage and ...

MODEC has signed a co-operation agreement with Africa Finance Corporation (AFC), Africa’s major infrastructure solutions provider, to collaborate on floating production, storage, and offloading (FPSO) ...

In a strategic move that could reshape the offshore industry landscape, Japanese floating solutions provider Modec has adopted a new contracting strategy, tilting its focus towards projects offered by ...

Shell Plc is advancing a major offshore oil development in Brazil after hiring Modec Inc. to do engineering and design work for a floating production vessel. The production unit, known as an FPSO, ...

BrasFELS Shipyard has secured a contract to complete parts of the topside modules fabrication of an FPSO for the Raia project in Brazil. BrasFELS Shipyard, a member of Singapore-based Seatrium Group, ...

Navistar International Corporation and U.K.-based Modec Limited have formed a joint venture to produce Class 2c-3 all-electric commercial trucks, which will be sold in North, Central and South America ...

MODEC reports that Mitsui, Marubeni and Mitsui O.S.K Lines will participate in its project to supply a floating production, storage and offloading vessel for the TEN development off Ghana. Japan-based ...

A ‌new floating production facility for a consortium led by Exxon Mobil in Guyana is nearly complete and expected to soon ...