As many as 30 FPSO units could be back on the shelf by the end of next year, according to new analysis from Westwood Global Energy Group.
The president and CEO of Japanese floating production specialist Modec is stepping down due to ill health.
Modec has ordered six compressor trains from MAN Energy Solutions for the Sangomar field, offshore Senegal.
No more floating production, storage and offloading (FPSO) vessels will be ordered this year, Rystad Energy has predicted.
Japanese firm Modec will supply the floating production, storage and offloading (FPSO) vessel for ConocoPhillips' Barossa field, offshore Australia.
Japanese construction firm Modec has unveiled plans for two new models of floating production, storage and offloading (FPSO) vessels - Noah and M350.
Japanese firm Modec has been awarded a contract to design and build an FPSO for one of the world’s largest deep-water oil discoveries.
Japanese firm Modec is in contention to provide a floating production vessel for the Barossa project in Australia.
Modec, Mitsui, Mitsui OSK Lines, Marubeni and Mitsui E&S will collaborate on an ultra-deepwater Brazilian FPSO charter project.
A group of Japanese firms said today that they had agreed to invest in a long-term charter business which will provide an FPSO for the Sepia area offshore Brazil.
Energy Voice has captured exclusive footage of the construction of the floating storage and offloading (FSO) unit for Maersk’s North Sea Culzean field.
Key work for Maersk Oil’s £3billion gas project in the UK North Sea has contributed to soaring first quarter profits at Japanese firm Modec.
Modec has won a contract from Maersk Oil to supply the floating storage and offloading vessel (FSO) for the Culzean development project in the North Sea. Last month, Maersk Oil confirmed it would invest $4.5billion in its high pressure, high temperature Culzean field in the UK Central North Sea. The cash commitment secures Culzean’s future though 2032, supports 6,000 jobs and creates more than 400 direct jobs.