The new 42-metre DP2 fast crew boats will support offshore energy support operations in the Caspian Sea, with construction now under way at Baku Shipyard.
Together they will work to accelerate product development, enhance global market reach, and deliver innovative, safe, and high-efficiency energy storage solutions for the global shipping industry.
MODEC has executed a Co-operation Agreement with Africa Finance Corporation to collaborate on FPSO projects as well as other maritime infrastructure projects in Africa.
The project concluded in 2025 with the Saipem Constellation executing the installation of flexible risers, umbilicals, and the connection of the pre-laid rigid riser to the FPSO.
Bureau Veritas Marine & Offshore (BV) has launched an advanced tool powered by artificial intelligence (AI) and machine learning, designed to optimize anomaly detection and localization for ship and offshore structure inspections.
If the outcomes of the work considered by the MOU are successful, it would enable post-combustion carbon capture to be offered as a standard offering on future FPSO projects.
MODEC has been awarded a contract by ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project.