Japanese floater specialist Modec has finalised a deal with a Chinese yard for the hull of a newbuild floating production, storage and offloading vessel that will serve ExxonMobil’s Uaru field on its ...

Japan’s MODEC Inc. said that it has signed a purchase and sales agreement, as well as a 20-year contract for the operations and maintenance of a floating production storage and offloading unit (FPSO) ...

Ship classification organization ABS granted approval in principle for an FPSO vessel for blue ammonia designed by Japanese firms MODEC and TOYO. Ship classification organization American Bureau of ...

Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% ...

ExxonMobil Guyana Ltd. has let a Phase 2 contract to MODEC Inc. for a floating production storage, and offloading (FPSO) vessel for the Hammerhead project. The contract is for a full engineering, ...

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) ...

Shell plc SHEL has teamed up with Japanese Floating Production Storage and Offloading (“FPSO”) specialist Modec, Brazil’s State University of Campinas (Unicamp) and digital solutions company Shape ...