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Offloading Facility News

08 Dec 2023

Bangladesh Puts to use China-built Crude Oil Offloading Facility

Copyright andriano_cz/AdobeStock

Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the south Asian oil importer to significantly reduce the cost of shipping in crude oil.The single-point mooring facility at Chattogram port last Sunday offloaded 82,000 tons (about 600,000 barrels) of crude oil from a 100,000-ton tanker, said an official with state-run Bangladesh Petroleum Corp (BPC).The project is majority-funded by the Chinese government and build by a unit of Chinese state oil major CNPC, said the BPC official who declined to be named as he's not authorized to sp

10 Mar 2023

UN Buys Tanker to Store Oil from Decaying Vessel off Yemen

The FSO Safer, moored off Yemen's west coast (Photo: UNRCO Yemen)

The United Nations has purchased a large tanker to store about 1.1 million barrels of oil that will be transferred from a decaying vessel off Yemen's coast in a bid to avert an environmental disaster, officials said on Thursday.U.N. officials have been warning for several years that the Red Sea and the coastline of Yemen was at risk as the Safer tanker could spill four times as much oil as the 1989 Exxon Valdez disaster off Alaska.But the top U.N. official in Yemen, David Gressly…

09 Apr 2021

Venezuela: FSO Nabarima Finally Offloads Crude, Paving Way for Offshore Field Output Restart

The FSO Nabarima listing in the Gulf of Paria on October 16 (Photo: Fishermen and Friends of the Sea)

A floating facility off the Venezuelan coast has finished offloading crude stored in it for the past two years due to U.S. sanctions, paving the way for output to resume in an oilfield, an official of the facility's operator said on Thursday.Operations to remove crude from the Nabarima floating storage and offloading facility (FSO), anchored in the eastern Gulf of Paria near the maritime border with Trinidad and Tobago, started in December. The crude had been stored there since…

01 Feb 2021

PDVSA Eyeing Export Options for Crude Oil from Nabarima FSO

The FSO Nabarima listing in the Gulf of Paria on October 16 (Photo: Fishermen and Friends of the Sea)

Venezuela's state-run oil company PDVSA has begun marketing about 570,000 barrels of Corocoro medium crude recently offloaded from a floating facility that was listing last year, two sources with knowledge of the offer said on Friday.Crude onboard the Floating Storage and Offloading facility (FSO) Nabarima, operated by a joint venture between PDVSA and Italy's Eni, started to be transferred to a tanker late last year amid environmental concerns from neighboring countries over a potential spill.About 1.3 million barrels of oil had remained stored at the FSO since early 2019…

16 Dec 2020

Venezuela: PDVSA Starts Oil Transfer from Troubled Offshore Facility to Barge

The FSO Nabarima listing in the Gulf of Paria on October 16 (Photo: Fishermen and Friends of the Sea)

Venezuelan state oil company Petroleos de Venezuela has begun transferring crude off of an offshore oil facility where governments in two neighboring countries have voiced concerns about a potential spill, two people familiar with the matter said on Tuesday.The company this week began the first of several transfers from the Nabarima floating storage and offloading facility (FSO), anchored in the Corocoro oilfield off Venezuela's eastern coast, onto the Inmaculada barge, said the people…

03 Nov 2020

U.S. Tells Eni Repairs to Venezuela Floating Oil Facility Not Barred by Sanctions

The FSO Nabarima listing in the Gulf of Paria on October 16 (Photo: Fishermen and Friends of the Sea)

The United States has assured Italian oil company Eni SpA that efforts to prevent a spill at a floating crude facility in Venezuela would not run afoul of sanctions, the company, and the U.S. State Department said on Monday.Images in recent months showing the Nabarima floating storage and offloading facility (FSO), part of the Petrosucre joint venture between Eni and Venezuela's state oil company Petroleos de Venezuela, tilting to its side have raised concerns of a potential environmental…

04 Sep 2020

PDVSA Says Idled Nabarima FSO in 'Satisfactory' Condition

An idled oil storage facility off Venezuela's eastern coast is in "satisfactory" condition, an official with state company Petroleos de Venezuela said, after a series of incidents in recent months raised concerns about environmental hazards.About 1.3 million barrels of Corocoro crude have been stuck for over a year aboard the Nabarima FSO (floating storage and offloading facility), part of the Petrosucre joint venture between PDVSA, as the company is known, and Italy's Eni SpA, as U.S. sanctions have complicated the nation's exports.With no operating crew on board, in July the vessel presented an 8% incline that created the risk of a spill, and in late August a sea water leak led to flooding in the engine room.

03 Sep 2020

PDVSA, Eni Looking at Options to Offload Oil from Idle FSO

Venezuela's state-run PDVSA and Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast that has remained idle for over a year due to U.S. sanctions, according to sources close to the discussions and a statement from the Italian oil company.The companies suspended output at their joint venture Petrosucre shortly after Washington imposed sanctions on PDVSA in January 2019, depriving the partnership of its main crude buyer, PDVSA's U.S.-based refining subsidiary Citgo Petroleum.About 1.3 million barrels of Corocoro crude stored at the FSO (floating storage and offloading facility) have remained stuck in the vessel…

05 Nov 2019

BAM Bags 2nd JV Contract in Canada

JGC-Fluor joint venture has awarded BJM the contract for the construction of the LNG Canada MOF, a material offloading facility to support the realization of a LNG export facility in Kitimat on the west coast of Canada, British Columbia (approximately 600 km north-west of Vancouver).BJM is a joint venture between BAM International (the operating company of Royal BAM Group active outside Europe), JJM Construction (Canada) and Manson Construction (USA).The project is part of the overall LNG Canada project. The MOF project consists of a 230-metre-long north quay wall and a 260-metre-long west quay wall. Work has already started as of July…

16 Dec 2018

Qatar Buys Eni's Mexican Oil Stakes

Qatar Petroleum (QP) signed an agreement with Italy’s Eni SpA to acquire a 35% stake in three offshore oil Fields in Mexico.The agreement cover the Amoca, Mizton, and Tecoalli offshore oil fields, which lie in Area 1 in Mexico’s Campeche Bay, said a press statement from the Arab country's government-owned energy company.The agreement is subject to customary regulatory approvals by the government of Mexico. Following such approval, both Eni and Qatar Petroleum will jointly hold 100% interest in the Area 1 production sharing contract.Commenting on this agreement, Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President & CEO of Qatar Petroleum…

11 Sep 2018

Okea Weighs Its Options for Grevling Oil Discovery

Norwegian oil firm Okea is looking at four options to develop its North Sea North Sea Grevling oil discovery, which in turn could impact on the company's valuation in a deal with Thai investor Bangchak Corporation PCL (BCP), it said on Tuesday.BCP has agreed to invest 939 million Norwegian crowns ($112.25 million) in Okea to partly finance the company's 4.5 billion crowns acquisition of Royal Dutch Shell's stakes in the Draugen and Gjoea fields.Okea, which plans to list on the Oslo stock market in the next 12 months, said the deal between BCP and Okea's majority owner, private equity firm Seacrest Capital, values the Norwegian oil firm at 860 million Norwegian crowns.The valuation could fall, however, to 778 million crowns, or rise to 940 million, depending on whether or not the company is

08 Jul 2018

MISC Bags USD 441mln 16-year Charter Contract from Hess

Malayasia-based MISC Berhad  has secured a long-term charter contract from Hess Exploration and Production Malaysia  for the lease of a floating, storage and offloading facility (FSO) known as FSO Mekar Bergading on a bareboat basis. The long-term charter contract is pursuant to a sale and charter agreement between MISC and HESS in respect of the FSO, which also resulted in MISC acquiring ownership of the FSO. The investment is consistent with the MISC2020 strategy of which one of the target is to achieve a sustainable level of secured profit by year 2020 and MISC has been exploring opportunities to diversify the profit stream contribution across all business segments, including acquisition of assets that are able to give the Company secure and sustainable income.

30 Nov 2017

Yinson to Take Over Layang FPSO from THHE

Malaysia’s Yinson Energy Sdn Bhd plans to take over the Layang floating production storage and offloading (FPSO) project from TH Heavy Engineering Bhd (THHE)  Edge Markets reported. THEE, which has the Layang FPSO contract with Japan’s JX Nippon. has applied to Kuala Lumpur High Court, Malaysia to allow it novate the contract and deliver the vessel to Yinson. Yinson has confirmed this in the Bursa Malaysia filing on Wednesday, saying it has no objection to the THHE application. The charter contract — which is for EPCIC and leasing of a floating production storage and offloading facility to be deployed at the Layang field in Block SK10, offshore Miri, Sarawak — was initially made between JX Nippon Oil & Gas Exploration (Malaysia) Ltd and THHE.

05 Aug 2016

Is it a Ship or Iceberg?

Small iceberg off the port bow of Canadian Coast Guard ship Louis St-Laurent. (Photo: Canadian Coast Guard)

Developing the capability to discriminate between ships and icebergs in northern latitudes is a common interest shared by Canada’s Department of National Defense (DND) and the oil and gas industry. For DND, the focus is on ship detection for maritime security, whereas oil and gas companies are interested in detecting icebergs to ensure primarily the safety and also the productivity of offshore exploration and production operations. The Polar Epsilon and Polar Epsilon-2 applied…

26 Jan 2016

Aker Bags Johan Castberg FPSO Concept Study

Aker Solutions has secured an order from Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea. The order is a call-off by Statoil on an engineering contract for Johan Castberg won by Aker Solutions in 2013. "We've worked with Statoil for two years on finding a cost-effective solution that will enable development of this strategically important oil field in northern Norway," said Per Harald Kongelf, head of Aker Solutions' Norwegian operations. The Statoil-operated Johan Castberg field is located about 240 kilometres north-west of Hammerfest.

02 Dec 2015

Van Oord Strengthens Position in Caspian Sea

Van Oord executes several contracts in the Caspian Sea region with a total value of more than 500 million US $. During the visit of the Dutch Prime Minister Mark Rutte to Kazakhstan on Wednesday 2 December 2015 Van Oord announced the award of several contracts in the Caspian Sea. The first project comprises the dredging of a 68-kilometre-long access channel to a new cargo offloading facility to be operated by TenizService. Four cutter suction dredgers are removing a total of some 17 million cubic metres of soil in shallow water. enable the expansion of the Prorva port to help facilitate the growth of Kazakhstan’s oil and gas industry. In the second project Van Oord is performing the preparatory work for the installation of two pipelines in the same region.

02 Sep 2015

Subsea 7 Bags $150 million Offshore UK Contract Maersk

Offshore contractor Subsea 7 has been awarded a $150 million subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the development of the Culzean field in the UK North Sea. The ultra-high pressure, high temperature field, one of the largest gas discoveries offshore UK, is located in Block 22/25 of the Central North Sea at a water depth of approximately 90 m. The contract scope includes project management, engineering, procurement, construction and installation of a 22-in. diameter, 52-km gas export pipeline connected to the Central Area Transmission System (CATS), and a 3.6-km pipe-in-pipe (10-in. outer pipe and 6-in. inner pipe) providing insulation for the transportation of the condensate to the in-field Floating, Storage and Offloading facility (FSO).

24 Aug 2015

Survey Underway for Morecambe Bay LNG Project

Photo courtesy of Bibby HydroMap

Seabed survey company Bibby HydroMap have begun survey operations on the proposed LNG project off Morecambe Bay. The work program comprises geophysical, geotechnical and environmental surveying of the proposed pipeline route to shore and will be undertaken using a multi-vessel approach. Bibby HydroMap’s own vessels Chartwell and Eagle will perform the geophysical and environmental scope, acquiring multibeam bathymetry, side scan sonar data, sub-bottom profiler and magnetometer data, alongside benthic grab samples and visual inspection.

30 Apr 2014

The History of Offshore Energy

Gracing the cover of the June 1, 1957 edition was a  “Huge Oil Drilling Barge” the Margaret which was one of the largest ever built at 300 ft. long, 200 ft. wide and 93 ft. high, capable of an operating depth of 65 ft. Margaret was built by Alabama Dry Dock & Shipbuilding Company for the Ocean Drilling and Exploration Company, New Orleans.

Offshore exploration is a history of man v. Prospecting for oil is a dynamic art. From a lake in Ohio, to piers off the California coast in the early 1900s, to the salt marshes of Louisiana in the 1930s, to the first “out-of-sight- of-land” tower in 1947 in the Gulf of Mexico, the modern offshore petroleum industry has inched its way over the last roughly 75 years from 100 ft. of water ever farther into the briny deep, where the biggest platform today, Shell’s Perdido spar, sits in 8,000 ft. of water. As a planet, we have two unquenchable thirsts – for water and for oil.

26 May 2014

BAM Clough And SAL To Move LNG & LPG Product Loading Platforms

SAL Heavy Lift GmbH, through its wholly owned Singapore subsidiary, SAL Heavy Lift Singapore Pte Ltd, has signed a major new contract with Australia's BAM Clough Joint Venture for shipping and deployment of LNG and LPG product loading platforms for the INPEX-operated Ichthys LNG Project, near Darwin, Australia. BAM Clough is delivering the Product Loading Jetty and Module Offloading Facility packages of works for the Project’s onshore LNG facilities under subcontracts awarded by engineering, procurement and construction contractor JKC Australia LNG Pty Ltd. The two platforms, being built in Batam, Indonesia, will be among the largest structures ever handled by a heavy lift vessel. The LNG platform will weigh in at a hefty 1,080 tonnes with dimensions of 40 x 39 x 8 metres.

05 Dec 2014

SAL Heavy Lift Handles Ichthys LNG project

SAL Heavy Lift GmbH, the leading Heavy Lift operator, has successfully completed a series of complex and sensitive shipments totalling more than 100,000frtts for the Ichthys LNG Project near Darwin, NT. SAL Heavy Lift was contracted by the Project’s freight forwarder SDV, Asia for five shipments performed on a consecutive basis from load-ports Sattahip, Masan, Busan and Shanghai. Each of the shipments contained individual items that tested both SAL’s engineering strength and the capabilities of the vessel. SAL’s type 176 MV REGINE with 2 x 700ts cranes (1,400ts lift cap in tandem), and open hatch capability together with a third aft mount crane of 350ts lift cap was selected as the ideal candidate to provide utmost flexibility, cost efficiency and safety to the project.

07 Apr 2014

Damen Pontoon Deliveries Ensure Stock Availability

Photo: Damen

Last Friday, April 4, a shipment that left China seven weeks ago carrying 13 new Damen Stan Pontoons and 10 other Damen vessels arrived in Rotterdam. The built-for-stock pontoons and vessels will uphold Damen’s ultra-short delivery times as demand rises - 170 deliveries in 2013. This has also led to Damen introducing newly designed barges and completing a number of custom pontoon and barge projects. Damen has sold 37 pontoons and barges in the last two years. Production has increased with an even larger amount of vessels currently under construction at four different yards in the Middle East…

08 Apr 2014

WFW Advises FPSO Joint Venture Debt Financing

International law firm Watson, Farley & Williams Asia Practice LLP (WFW) said it advised a joint venture involving M3nergy and PT Transamudra as sponsors on a $182 million term facility and $38.4 million guarantee facility. The funds will finance the floating production, storage and offloading facility named FPSO Ratu Nusantara. The FPSO Ratu Nusantara is scheduled for operation by Petronas Carigali in the Bukit Tua oil and gas field in the Ketapang block, offshore Madura Island, East Java, Indonesia. Partner Andrew Nimmo led the WFW Asia Practice team for this deal, assisted by senior associate Shawn Er. M3nergy is an emerging exploration and production company headquartered in Malaysia.