Search results for: modec

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  • 13 April 2011
    Project & Tenders

      MODEC announced that it has been selected by Woodside as one of two companies to perform the Front End Engineering Design (FEED) for two Dry Tree Units (DTUs) for the Browse LNG Development (Browse). Woodside is Australia’s largest publicly traded oil and gas exploration and production company and one of the world’s leading producers […]

  • 30 January 2020
    Business & Finance

    MODEC revised its consolidated forecast for 2019 amid the recording of extraordinary loss.

  • 5 February 2020
    Business & Finance, Infrastructure

    Japan’s MODEC has awarded Aibel a letter of intent in connection with MODEC’s supply of a newbuilt FPSO to Equinor for the Bacalhau field in Brazil.

  • 30 October 2019
    Business & Finance, Project & Tenders

    MODEC has signed a contract with ConocoPhillips Australia Barossa to supply a floating production storage and offloading (FPSO) vessel for the Barossa field, offshore Australia. The Barossa FPSO is intended to produce gas and condensate from subsea wells and after treatment, supply feed gas to the Darwin LNG Plant via a gas export pipeline. MODEC […]

  • 15 August 2019
    Business & Finance, Infrastructure

    MODEC has decided to issue project bonds to international investors to refinance an FPSO vessel chartered to the TUPI consortium led by Petrobras with the aim of strategically diversifying its financing sources for MODEC’s entire FPSO charter business.

  • 30 October 2019
    Project & Tenders, Vessels

    Japanese provider of offshore floating solutions MODEC has signed a contract with ConocoPhillips to supply an FPSO vessel for the Barossa field, offshore Australia.

  • 3 June 2015
    Operations & Maintenance, Technology

    Mitsui Ocean Development & Engineering Company (MODEC) has salvaged its floating wind and current hybrid generation system ‘SKWID’ that sank off Japan late in 2014. The SKWID unit sank during the installation process 1.2 km off the coast of Kabe Island, Japan, on December 18, 2014. MODEC confirmed to Tidal Energy Today that the unit has […]

  • 3 May 2018
    Vessels

    Bureau Veritas awarded the approval in principle (AiP) to the Japanese provider of offshore floating solutions, Modec, for its new floating storage, regasification, water-desalination and power generation (FSRWP) concept.

  • 11 May 2018
    Infrastructure

    The FPSO will be named FPSO Guanabara MV31 and will be deployed at the Mero field located in the Libra block.

  • 6 March 2019
    Infrastructure

    Japanese FPSO operator MODEC has reportedly sold the FPSO MODEC Venture 11 for scrap.

  • 2 August 2019
    Infrastructure

    Japanese FPSO specialist MODEC has revealed two new FPSO designs, which it says will fill the need for larger deck space and storage capacity, and longer FPSO design life, among others.

  • 9 January 2018
    Business & Finance, Infrastructure

    Four Japanese companies will invest in a new company established by compatriot Modec with an aim to provide a floating, production, storage and offloading (FPSO) unit for the Petrobras-operated Sepia field offshore Brazil. 

  • 13 April 2011
    Business & Finance

      Woodside has selected MODEC as one of two companies to perform the Front End Engineering Design (FEED) for two (2) Dry Tree Units (DTUs) for the Browse LNG Development (Browse). Woodside is Australia’s largest publicly traded oil and gas exploration and production company and one of the world’s leading producers of liquefied natural gas. […]

  • 30 January 2020
    Business & Finance, Infrastructure

    Japan’s MODEC has signed a sales and purchase agreement with Equinor to supply an FPSO vessel for the Bacalhau (formerly Carcará) field offshore Brazil.

  • 5 August 2013

    MODEC, Inc. announced today that Tullow has awarded TEN Ghana MV25 B.V., a subsidiary of MODEC, contracts for the supply, charter and lease, operations and maintenance of a Floating Production, Storage and Offloading (“FPSO”) vessel for the Tweneboa, Enyenra, and Ntomme (“TEN”) fields in the Deepwater Tano contract area in water depth averaging 1,500m. The Deepwater Tano contract area is […]

  • 16 August 2019
    Business & Finance

    The project bond was issued for the FPSO Cidade de Mangaratiba MV24, currently in operation offshore Brazil.

  • 5 August 2013
    Business & Finance, Project & Tenders

    MODEC, Inc. announced that Tullow  (“Tullow”), a wholly owned subsidiary of Tullow Oil plc., has awarded TEN Ghana MV25 B.V., a subsidiary of MODEC, contracts for the supply, charter and lease, operations and maintenance of a Floating Production, Storage and Offloading (“FPSO”) vessel for the Tweneboa, Enyenra, and Ntomme (“TEN”) fields in the Deepwater Tano contract area in […]

  • 26 April 2012
    Business & Finance

    MODEC and TOYO Offshore Production Systems Pte. Ltd. (MTOPS), a joint company created by Toyo Engineering Corporation and MODEC, Inc. established in Singapore, has been awarded a contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system by MODEC’s Singaporean subsidiary, MODEC Offshore Production Systems (Singapore) Pte. Ltd. The FPSO will […]

  • 29 September 2011
    Business & Finance

    MODEC announced today that Petróleo Brasileiro S.A. (“Petrobras”), through its subsidiary Tupi B.V., on behalf of Consortium BM-S-11, has signed a Letter of Intent (LoI) for the supply, respectively, charter, and operations of a Floating, Production, Storage, and Offloading (FPSO) vessel for the BM-S-11 block (Cernambi South) in the giant “pre-salt” region of the Santos […]

  • 2 December 2014
    Business & Finance, Project & Tenders

    MODEC, Inc. and its Brazilian partner Schahin Group will deliver a Floating, Production, Storage, and Offloading (FPSO) vessel for Petrobras’ Tartaruga Verde and Tartaruga Mestica fields in the Campos Basin, offshore Brazil. The FPSO will be deployed at the Petrobras owned BM‐ C‐36 block in water depth of 765 meters. Offshore Energy Today previously reported that three […]

  • 29 September 2011

    MODEC announced today that Petróleo Brasileiro S.A, through its subsidiary Tupi B.V., on behalf of Consortium BM-S-11, has signed a Letter of Intent (LoI) for the supply, respectively, charter, and operations of a Floating, Production, Storage, and Offloading (FPSO) vessel for the BM-S-11 block (Cernambi South) in the giant “pre-salt” region of the Santos Basin […]

  • 20 October 2017
    Infrastructure

    Brazil’s Petrobras has selected Japan’s MODEC for the delivery of an FPSO for its Sepia development in Brazil. According to the Japanese floating production systems supplier, the contract for the supply, charter, and operations of the FPSO was signed on October 13, 2017. The firm charter period of the contract is 21 years. The FPSO […]