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 ...

SBM Offshore has secured project financing worth $465 million for the Chalchi floating storage and offloading (FSO) vessel, ...

Yinson Production has held a naming ceremony for the floating storage and offloading (FSO) unit PTSC Lac Da Vang ahead of the vessel's deployment to the Lac Da Vang oil project offshore Vietnam.The ...

Perenco Brazil has started operations from the Pargo floating storage and offloading (FSO) vessel on the Pargo Cluster in Campos basin, offshore Brazil. Oil now flows from the Pargo platform to the ...

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 ...

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 ...

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 ...

The Brazil oil giant has put in a request for a licence for the unit with the country’s environmental regulator Ibama, according to a report in the Brazilian government official gazette Diario Oficial ...

CARACAS (Reuters) - A floating facility off the Venezuelan coast has finished offloading crude stored in it for the past two years due to U.S. sanctions, paving the way for output to resume in an ...

Add Yahoo as a preferred source to see more of our stories on Google. KUALA LUMPUR, May 25 (Reuters) - Three people were killed and one was injured ‌in an accident during lifeboat maintenance work ‌at ...