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 ...

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 ...

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 ...

SBM Offshore is selling a 45% stake in the FSO Chalchi to NYK, strengthening our partnership! We're excited for the future in ...

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 ...

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 ...

MISC Bhd, the shipping arm of Petroliam Nasional Bhd, marked its maiden entry into Papua New Guinea with a 15-year charter ...

Dutch floater specialist SBM Offshore has agreed to divest a minority interest in the Chalchi floating storage and offloading ...

The Chalchi FSO vessel is currently under construction and, once completed, will operate under a 20-year lease agreement with ...