Market was valued at USD 1.41 billion in 2025 and is projected to increase at a CAGR of 7.28% to reach USD 2.44 billion by 2035. Growing offshore oil and gas exploration, especially in deepwater and ...

Japanese floating production system specialist Modec on Monday confirmed that it has won the front-end engineering and design contract for the floating production, storage and offloading vessel for UK ...

European supermajor Shell has entered into discussions with Japanese floater specialist Modec for possible engineering, procurement and construction work on a floating production, storage and ...

Shell do Brasil Ltda (Shell) has hired MODEC Inc. to deliver the front-end engineering and design (FEED) for a floating production, storage and offloading (FPSO) system on the Gato do Mato development ...

Japan’s MODEC Inc. said that it has signed a purchase and sales agreement, as well as a 20-year contract for the operations and maintenance of a floating production storage and offloading unit (FPSO) ...

Shell PLC‘s (NYSE:SHEL) subsidiary, Shell Brasil Petróleo Ltda., made the Final Investment Decision (FID) for the Gato do Mato project. The project is a deep-water initiative located in the pre-salt ...

Shell has let a FEED contract to MODEC for the Gato do Mato development in Santos basin presalt, offshore Brazil. Shell Brasil Petróleo Ltda (Shell) has let a front-end engineering and design (FEED) ...

Shell plc SHEL has teamed up with Japanese Floating Production Storage and Offloading (“FPSO”) specialist Modec, Brazil’s State University of Campinas (Unicamp) and digital solutions company Shape ...