MODEC announced today the FPSO Cidade de Mangaratiba MV24 achieved first oil in October at block BM-S-11 in Santos Basin offshore Brazil.  The vessel is on a 20-year charter to Tupi B.V.,...

MODEC has announced that they have been awarded a 20-year FPSO charter contract by Tullow Ghana at their TEN Field located in the Deepwater Tano Contract Area, 60 kilometers off...

Tokyo-based MODEC International has announced the execution of a contract with Hess Corporation to provide Engineering and Management Services for the Stampede tension leg platform (TLP), a production facility which...

As you’ve likely noticed over the past few months, the concept of producing, processing, liquefying, storing, and transferring LNG via an offshore floating (FLNG) facility has caught on in a...

TOKYO – MODEC announced today that Mitsui & Co., Mitsui O.S.K. Lines, and Marubeni Corporation have agreed to invest in a MODEC-operated, long-term FPSO charter business in the Iracema Norte...

In the past 24 hours, Singapore-based shipbuilder Keppel Offshore & Marine has added $460 million to their backlog with 5 new projects. The orders consist of three contracts signed today from...

MODEC, a Tokyo-based offshore engineering contractor announced today that Petrobras signed a Letter of Intent with them for the supply, charter, and operations of an FPSO at the BM-S-11 block...

SINGAPORE–Rig builder Keppel Corp. (BN4.SG) said Wednesday that its Keppel FELS Brasil unit has secured a floating production storage and offloading vessel contract valued at US$200 million. In a filing to the Singapore Exchange,...