The Western Isles FPSO was earmarked for the Buchan oilfield redevelopment in the UK, but the project operator Dana Petroleum this March cancelled the agreement to transfer the floater because of ...

Modec on Monday said that it has been awarded the contract for the Hammerhead FPSO on a Limited Notice To Proceed (LNTP) basis by ExxonMobil Guyana, pending necessary government and regulatory ...

Crane specialist Liebherr has supplied two offshore cranes to Yinson Production, which will support the operations of Agogo floating production storage and offloading unit (FPSO) at Azule Energy ...

MODEC Inc. has secured a contract from ExxonMobil Guyana Ltd. to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project. MODEC said in a media release the ...

ExxonMobil let a contract to MODEC to develop an FPSO for its Hammerhead project, offshore Guyana. ExxonMobil Guyana Ltd. has let a contract to MODEC Inc. to develop a floating production ...

ExxonMobil has granted MODEC a limited notice to proceed on a new floating production, storage, and offloading (FPSO) vessel for its seventh offshore Guyana development, Hammerhead. This includes ...

ExxonMobil received the ONE GUYANA FPSO to operate in the Yellowtail development area offshore Guyana. With initial production capacity of 250,000 b/d and overall storage volume of 2 million bbl ...

These FPSO vessels, costing upward of $1 billion apiece, are used to extract hydrocarbons from deep-sea wells, clean out impurities, store the crude oil and eventually transfer the black gold to ...

FPSO acquisition increases confidence around development prospects satellite to Bauna and could defer field decommissioning costs. A robust internal rate of return (unspecified) is indicated on ...

PETALING JAYA: The worst is likely over for Yinson Holdings Bhd, with more floating production storage and offloading (FPSO) vessels progressing to the operational phase. In October, Yinson’s ...

SBM Offshore announces it has signed a non-recourse sale and leaseback financing agreement for FPSO Cidade de Paraty for the total amount of US$400 million and with a tenor of 8 years. The ...