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 ...

Global energy investor Samos Energy has signed a ship sale agreement to purchase the Suksan Salamander floating storage and offloading (FSO) unit from Altera Infrastructure Group. The financial terms ...

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 ...

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 ...