Crude Oil Terminal News

10 Dec 2018

BW Offshore Recycling FSO Belokamenka

FSO Belokamenka. Photo: BW Offshore

The provider of floating production services to the oil and gas industry BW Offshore has signed an agreement to dispose of the FSO Belokamenka for recycling in compliance with the Hong Kong Convention.The Oslo-listed company said in a press release that the FSO Belokamenka  is an Ultra Large Crude Carrier (ULCC) of 360,700 deadweight-ton capacity built in Japan in 1980.The vessel is 340.5 meters long, 65 meters wide and has a depth of 31.5 meters. It is flagged and registered in Panama and classed by DNVGL…

08 Jun 2016

Huge Port Envisioned by Tycoon Opens in Brazil - without Him

The launch this week of Prumo Logistica's $3.7 billion Port of Açu, the largest in Latin America, marked the revival of a Brazilian logistics hub many thought doomed when the empire of its former billionaire owner collapsed. Açu's more than 25 km (15.5 miles) of docks, piers and breakwaters is a much-needed step towards narrowing a crippling infrastructure gap in Latin America's largest economy. The Manhattan-sized industrial complex northeast of Rio de Janeiro, which officially opened on Tuesday, however, remains a far cry from the plans drafted by Eike Batista before his $60 billion EBX industrial empire disappeared almost overnight in 2013.

13 Jan 2016

China Merchants to Take 21.05% Stake in Dalian Port

Image: Dalian Port

China Merchants Holdings (International) Company Limited, has announced that it has signed a share subscription agreement with Dalian Port (PDA) Co., under which Dalian Port will issue 1.1bn new shares to China Merchants for HK$4.3bn ($554m). Upon completion of the transaction, China Merchants will hold a 21.05% equity stake of Dalian Port, becoming the second largest shareholder. China Merchants Holdings, which will become Dalian Port's second-largest shareholder after the purchase, said the deal allows it to strengthen its ports network within China and enhance its port-service network.

21 Oct 2014

PES to Begin Operating Benzene Terminal in November

Philadelphia Energy Solutions plans to start operating a new benzene offtake terminal next month at its 335,000-barrel-per-day refinery in Philadelphia, two people familiar with the plans said. While most U.S. refiners are either selling benzene or refining it further, Philadelphia Energy Solutions is using the new terminal to help bring the chemical into the facility, according to an IPO document filed last month. The benzene facility is the latest step in building up infrastructure at a plant that was nearly shuttered in 2012. Benzene boosts the octane level of gasoline and reduces knocking in car engines, but is also a carcinogenic and the federal Environmental Protection Agency requires refiners to strip most of it out of the finished product.

28 Aug 2014

UK's Hound Point VLCC Jetty Down Until Sept. 15

The supertanker jetty at the North Sea's Hound Point crude oil terminal is shut for maintenance and will not reopen until Sept. 15, operator BP Plc said on Thursday, making sending excess cargoes to Asia more difficult for traders. The Hound Point jetty has two berths, but only Jetty 1 is large enough for the Very Large Crude Carriers (VLCC) that traders normally use to send cargoes to Asia. "Hound Point 1 berth will be closed to carry out maintenance. The berth won't be available for loading from 26th August 2014 until the work is complete, which we estimate as 15th Sept 2014," BP said in a statement. "Hound Point 2 berth is fully available for normal operations.

02 Jan 2014

Marine Cybersecurity: Is Your Ship Safe? Are You Sure?

There is a growing threat to marine safety, security, and environmental protection from the over-reliance on electronics to accomplish operational tasks.

On February 12, 2013, President Obama issued Executive Order 13636 – Improving Critical Infrastructure Cybersecurity. Citing repeated electronic intrusions into critical infrastructure, the document states that it is the policy of the United States Government to increase the volume, timeliness, and quality of cyber threat information shared with U.S. private sector entities so that these entities may better protect and defend themselves against cyber threats. It directs the Secretary of Homeland Security (DHS)…

11 Mar 2013

POLB Gives New Oil Terminal a Green Light

Plan Pier 'T': Image credit Port of Long Beach

The Long Beach Board of Harbor Commissioners inks Letter of Intent to study development of a a 28-acre site on Pier T. The project is to construct a deep-water terminal for crude oil and petroleum products including gasoline, and the port has chosen Vopak Terminals North America Inc. to study the development. The preliminary agreement between the Port and Vopak sets basic deal terms and green-lights an environmental impact study of a “liquid bulk” terminal for petroleum tanker ships.

23 Feb 2010

USACE Port of LA Crude Oil Terminal

The US Army Corps of Engineers (USACE) published the Final Supplemental Environmental Impact Statement (SEIS) for development of a marine oil terminal at Berth 408 on Pier 400 in the Port of Los Angeles. Comments on the SEIS should be submitted within 30 days. 75 Fed. Reg. 7452 (February 19, 2010). (Source: Bryant’s Maritime News)

11 Aug 2009

Heidrun Hits 1,000 Milestone

The Heidrun platform in the Norwegian Sea shipped its oil cargo no. 1000 on 7 August. Heidrun's oil production to date has already exceeded the total volume expected to be produced through the field life. The Heidrun platform came on stream on 18 October 1995. When the plan for development and operation (PDO) was submitted to the authorities four years earlier, the estimated production from the field was slightly more than 750 million barrels of oil. When cargo number one thousand was shipped, the field had delivered almost 820 million barrels.

14 Nov 2000

ECT And P&O To Team Up On Container Terminal

Port and shipping companies ECT and P&O Nedlloyd said on Tuesday they had agreed to develop a new container terminal in Rotterdam. The joint venture will be called EuroMax and will be operational in the beginning of 2004, adjacent to Rotterdam's MOT crude oil terminal. The initial capacity will be about 1.7 million, 20 teu moves per year and total investment will be approximately $194.3 million. At a later stage, the terminal will be extended to a capacity of at least 2.4 million TEU moves per year.

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