Japanese giant MODEC has entered into a front-end engineering and design (FEED) contract with engineering company SAMSUNG E&A for a pilot project to install a modular carbon capture technology developed by U.K.’s Carbon Clean on MODEC’s floating, production, storage, and offloading (FPSO) unit.
Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has secured work for its vessels that has a gross contract value of $21 million for the firm period, with an additional $27.7 million for the option period. GEOS has concluded a contract on the multi-purpose support vessel (M
