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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 ...

The FPSO vessel is a 30:70 joint venture (JV) between Bumi Armada Bhd and India-based Sharpoorji Pallonji. “We think ASV5 progressing to operations is a net positive development, but more ...

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 ...

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MODEC, Inc. has been awarded a contract by ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project in the Stabroek Block, offshore ...

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 ...

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 ...

MODEC has been awarded a contract by ExxonMobil Guyana to develop an FPSO for the Hammerhead project. The Hammerhead FPSO will have the capacity to produce 150,000 barrels of oil per day (BOPD), along ...

Floater expert Modec has been awarded a contract by US supermajor ExxonMobil to develop an FPSO vessel for the Hammerhead project in Guyana. The contract, awarded by ExxonMobil’s Guyana arm ...

THE much-anticipated ONE GUYANA Floating Production, Storage and Offloading (FPSO) vessel arrived in Guyana’s waters last Tuesday. Slated for operations in the Yellowtail development, it joins the ...