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. Oct. 20, 2008 Modec Inc.’s ...

Yinson Production, via its joint venture PTSC South East Asia (PTSC SEA), has secured a lease and operate contract for a new floating storage and offloading (FSO) unit for Vietnam’s offshore Block B ...

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 ...

Floating Storage and Offloading vessel FSO Fargo has left Dubai and is heading to the Campos Basin offshore Brazil. Perenco Brazil has seen its Floating Storage and Offloading (FSO) vessel, FSO Fargo, ...

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 ...

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 IMO is urging Member States to contribute equipment to help UN-led efforts to prevent a possible catastrophic oil spill from the FSO Safer, an ageing and rapidly decaying floating storage offshore ...

MISC Bhd, the shipping arm of Petroliam Nasional Bhd, marked its maiden entry into Papua New Guinea with a 15-year charter from ExxonMobil for a new floating, storage and offloading (FSO) unit.

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 ...

Security in the form of bonds and/or guarantees is commonly given in contracts for the building or conversion of vessels to floating production storage and offloading ("FPSO") or floating storage and ...

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 ...