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MODEC’s first FPSO destined for Guyana reaches new construction stage

Japan’s MODEC has celebrated the completion of a stage in the construction of a floating production storage and offloading (FPSO) unit to be deployed to ExxonMobil’s development offshore Guyana. The post MODEC’s first FPSO destined for Guyana reaches new construction stage appeared first on Offshore Energy.

Pacific Basin closes its 2nd sustainability-linked loan

Hong Kong-based dry bulk vessel owner and operator Pacific Basin Shipping has closed a new $250 million sustainability-linked 7-year senior secured committed revolving credit facility for general corporate purposes. The post Pacific Basin closes its 2nd sustainability-linked loan appeared first on Offshore Energy.