Venezuela: PDVSA Starts Oil Transfer from Troubled Offshore Facility to Barge
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…
Bill to Repeal Liability Limitation of Offshore Oil
Representative Grijalva (D-AZ) introduced a bill (H.R. 5355) to amend the Oil Pollution Act of 1990 to repeal the limitation of liability of a responsible party for a discharge or substantial threat of a discharge of oil from an offshore oil facility. Official text of the bill has yet to be posted. (5/20/10). Meanwhile, Representative Blunt (R-MO) introduced a bill (H.R. 5356) to amend the Oil Pollution Act of 1990 to increase the cap on liability for economic damages resulting from an oil spill, and for other purposes. Official text of the bill has yet to be posted. (5/20/10). (Source: Bryant’s Maritime News)
Hyundai Win Lucrative New Contracts
Hyundai Heavy Ind. has started the new year right, reportedly winning new contracts for the offshore market. HHI is said to have snagged a $750 million contract to build an offshore oil facility for Exxon Mobil. According to the company, it will build and install a floating facility for in Angola by 2005. Hyundai also won a $160 million offshore facility construction order from China's CACT OG.
