Oil Storage Capacity News

27 Jan 2019

Moda Midstream Announces Ingleside VLCC Berth Upgrades

Image:  MODA Midstream

Liquids terminaling and logistics provider Moda Midstream announced it has successfully commissioned upgrades to Berth 2A at the Moda Ingleside Energy Center (MIEC) in Ingleside, Texas, to enable loading of very large crude carriers (VLCCs).Moda developed these upgrades to provide existing and potential customers the ability to safely and cost-effectively load VLCCs at rates of up to 80,000 barrels per hour.“Today we are loading our fourth VLCC at MIEC since late December,” said Moda President and CEO Bo McCall. “With today’s commissioning of our upgrades to Berth 2A, we now have the U.S.

08 Aug 2018

Aqualis Offshore to Position Egina FPSO

(Photo: Aqualis Offshore)

Aqualis Offshore has been handed the position keeping role for installation of the floating production storage offloading unit (FPSO) at Total’s Egina field offshore Nigeria.EPCIC contractor for the $3.3 billion FPSO, Samsung Heavy Industries, has awarded the position keeping work to Aqualis Offshore. The newbuild Egina FPSO was towed from South Korea and arrived in Nigeria in late January for final integration of topside modules built in Lagos.The FPSO measures approximately…

02 Jul 2018

BW Offshore's Adolo Commences Transit to Gabon

BW Adolo. Photo: BW Offshore

The provider of floating production services to the oil and gas industry BW Offshore is pleased to announce the sail away of the FPSO BW Adolo. The vessel has left anchorage in Singapore and is currently in transit to the Tortue field offshore Gabon. BW Adolo is expected to arrive at the field in August 2018. "We are firmly on track for first oil later this year", said Carl K. Arnet, the CEO of BW Offshore. The BW Adolo has an oil storage capacity of 1,350,000 barrels and a production capacity of 40,000 barrels of oil per day.

01 May 2018

Buckeye Partners JV Announces Marine Terminal in Texas

Photo: Buckeye Partners, L.P

Buckeye Partners announced the formation of a joint venture with Phillips 66 Partners and Andeavor to develop a new deep-water, open access marine terminal in Ingleside, Texas. The South Texas Gateway Terminal will be constructed on a 212 acre waterfront parcel at the mouth of Corpus Christi Bay. The facility is positioned to serve as the primary outlet for crude oil and condensate volumes delivered off of the planned Gray Oak pipeline from the Permian Basin. The terminal, to be constructed and operated by Buckeye…

08 Jan 2018

BW Offshore Gets Contract Extension for FPSO Polvo

BW Catcher . Photo: BW Offshore

BW Offshore has signed an agreement with Petrorio for a one-year extension for the lease and operation of the FPSO Polvo. The firm period has been extended to Q3 2019 (from Q3 2018), with options until Q3 2022. The company has also announced that BW Catcher FPSO received the First Oil Certificate following the successful completion of the 72-hour interim performance test subsequent to the introduction of hydrocarbons on 23rd December 2017. BW Catcher FPSO is owned and operated by BW Offshore and the First Oil Certificate confirms the commencement of a seven-year fixed term contract…

23 Oct 2017

FPSO Moored at Catcher Field

BW Catcher (Photo: BW Offshore)

Premier Oil’s Catcher project remains on pace to achieve first oil before the end of this year with the arrival and hook up of the Floating Production Storage and Offloading (FPSO) vessel BW Catcher last week in the U.K. North Sea. BW Catcher arrived at the Catcher field on October 18, and the hook up of the Submerged Turret Production (STP) buoy mooring system was completed on October 19 with the vessel completing a rotation test around the buoy on October 20, Premier Oil said. Final pull-in of the risers and umbilicals is underway, and commissioning activities have commenced in parallel.

29 Aug 2017

FPSO BW Catcher Sails for the North Sea

BW Offshore’s Floating, Production, Storage and Offloading vessel (FPSO) BW Catcher has left deep water anchorage off the Keppel Shipyard in Singapore and is currently in transit on a 45-day journey to the Catcher field in the central North Sea where it will go to work for Premier Oil. The FPSO is expected to reach U.K. waters early in the fourth quarter, depending on prevailing weather conditions. Upon its arrival, BW Catcher will commence a seven-year fixed term contract, with extension options of up to 18 years, with Premier Oil. Carl K. Arnet, CEO of BW Offshore, said, “The BW Catcher has been completed on time and within budget, and we are especially pleased with the good HSE performance during the construction project.

27 Aug 2017

BW Catcher Sails to North Sea

Photo: BW Offshore

BW Offshore, a leading global provider of floating production services to the oil and gas industry, announced the sail away of the FPSO BW Catcher. The vessel has left Keppel Shipyard in Singapore and is currently in transit to the Catcher field in the central North Sea. BW Catcher is expected to reach UK waters early in the fourth quarter, depending on prevailing weather conditions. Upon its arrival, BW Catcher will commence a seven-year fixed term contract, with extension options of up to 18 years, with Premier Oil.

28 Apr 2017

BW Offshore to get FPSO from Keppe

Keppel Shipyard Ltd (Keppel Shipyard), is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to BW Catcher Limited, a wholly-owned subsidiary of BW Offshore. When completed BW Catcher will be on a 7-year fixed term and 18 years of options contract with Premier Oil and will be deployed to the Catcher Field located in Central North Sea, UK. Keppel Shipyard's work scope on the FPSO include the installation and integration of topside modules. BW Catcher is scheduled for sailaway from the shipyard in the next few months and is on track to achieve its first oil in 2017. "Having worked together on 11 other projects previously, Keppel has proven to be a reliable partner," said Carl Arnet, CEO, BW Offshore.

07 Feb 2017

Petrobras:P-66 leaves shipyard for Lula field

On Saturday (February 4), the floating production, storage and offloading vessel (FPSO) P-66 left the Brasfels shipyard in Angra dos Reis, Rio de Janeiro. It is now heading to the Lula Sul module in the Lula field, Santos Basin pre-salt, where it is expected to arrive in the next few days. The production system will come online after the vessel has been moored and the first production well has been connected. P-66 is the Lula Consortium’s first FPSO to be deployed in the Santos Basin pre-salt. It was assembled at the Brasfels shipyard in Angra dos Reis, where the equipment and systems were also tested. The FPSO will separate the oil from the gas and water during the production process, storing it in tanks, and finally transferring it into oil tankers, which will then transport it.

01 Mar 2016

Offshore Brazil: Production Starts at FPSO Unit

FPSO Cidade de Paraty image (CG) Photo NYK

In February, a second floating production, storage, and offloading (FPSO)* unit deployed by NYK for the BM-S-11 consortium through a joint venture company started oil production in a pre-salt area off Brazil. This FPSO unit, FPSO Cidade de Marica, is owned by a shareholder consortium comprising SBM Offshore N.V. (Netherlands), Queiroz Galvão Óleo e Gás S.A. (Brazil), and a joint venture company between NYK (48.72 percent; head office: Chiyoda-ku, Tokyo; president: Tadaaki Naito) and the Mitsubishi Corporation (51.28 percent; head office: Chiyoda-ku, Tokyo; president & CEO: Ken Kobayashi).

02 Jun 2015

The Ever-Evolving Rapid Response Skimmer

Kvichak’s Rapid Response Skimmers (RRS) are perhaps best known for their use by the U.S. Navy, but the design of these robust and well-designed units has evolved over time and today boasts placement in virtually every major spill organization. When, just this past October, Kvichak Marine won a U.S. Navy contract for 12 30-foot Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019, that wasn’t necessarily earthshaking news.

14 Apr 2015

FPSO Charter Bussiness for Offshore Brazil Oil Fields

FPSO Charter-Business for Offshore Brazil- Courtesy MOL

MODEC, Inc., Mitsui & Co., Ltd. Mitsui O.S.K. Lines, Ltd., and Marubeni Corporation have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business (“the Project”) currently promoted by MODEC for the purpose of providing a floating production, storage, and offloading system (“the FPSO”) for use in the Tartaruga Verde and Tartaruga Mestiça oil fields off the coast of Brazil. The above four companies have entered into related agreements today. Based on these agreements, Mitsui, MOL and Marubeni will invest in Tartaruga MV29 B.V.

16 Mar 2015

Rig Count a Predictor for US Q2 Production

The falling number of rigs drilling for oil in the United States is pointing to a decline in U.S. oil production in the second quarter, Goldman Sachs analysts said on Monday. Rig count in the United States fell by 56 last week to 866, the fewest since March 2011, according to oil services firm Baker Hughes. "The current rig count is pointing to U.S. production declining slightly sequentially in the second quarter of 2015," analysts at Goldman Sachs said in a report. Oil prices fell on Monday, with U.S. crude dropping nearly 3 percent to a six-year low of $43.57 a barrel as the dollar hit fresh highs and spare oil storage capacity runs low around the world.   Reporting By Jacob Gronholt-Pedersen

27 Feb 2015

MES Delivers FPSO Hull to MODEC

Photo: MES

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) delivered the hull of a floating production, storage and offloading unit (FPSO) for MODEC, Inc. The FPSO hull sailed out from MES’ Chiba Shipyard on February 27, 2015. The FPSO will be chartered to a consortium formed by Petrobras (45%), BG Group (30%) and Repsol Sinopec Brasil S.A. (25%) after topside integration and commissioning work by MODEC. This is MES’ second FPSO hull, following Kerr-Mcggy Global Producer III delivered in 2000.

25 Feb 2015

Enterprise: Clients Must Pay for Dock Work

Enterprise Products Partners LP said on Wednesday that companies using its crude oil storage facility in the Houston Ship Channel must pay extra for dock services, brushing off complaints from client BP Plc . "We believe if you want a service, you pay for it," Enterprise Chief Operating Officer Jim Teague told analysts when asked about concerns, first reported by the Wall Street Journal, that the company's strong position in Gulf Coast storage gives it too much pricing power. Britain's BP has reportedly told the U.S. Federal Trade Commission that Enterprise, a major midstream company, has started charging $1 a barrel in dock fees for crude it handles at the Houston site, on top of storage fees. Since Houston is the top U.S. petrochemicals port, the dock fees could add up to big revenue.

14 Oct 2014

Kinder Morgan to Add Oil Storage Capacity in Houston

Kinder Morgan Energy Partners, L.P. said it will add 2.1 million barrels of storage at its Pasadena and Galena Park terminals just outside Houston. The $210 million project - supported by long-term contracts with existing customers - will also include the construction of a new ship dock and other improvements at the Galena Park terminal that will boost vessel load rates. The new dock and the existing ones at Galena Park will be capable of loading vessels at rates up to 15,000 barrels per hour, the company said. "The new tankage will provide refined product producers and traders the ability to send more barrels to the water for international exports or to the network of pipelines for domestic use…

23 Dec 2013

Wilson Sons Place OSRV Brazil Shipyard Contract

Ocean Wilson OSV: Photo credit the owner

Wilson Sons Estaleiros Ltda, has contracted with  Braizilian subsidiary shipyard Oceanpact  for the construction of four Oil Spill Recovery Vessels (OSRVs), with recovered oil storage capacity of 1,050 m³, a length of 67 meters, and a beam of 14 meters. Wilson inform that for the construction of the four vessels, Oceanpact will pay approximately BRL 333 million (three hundred and thirty three million brazilian reais). The vessels, which are scheduled to be delivered by 2016, will be built in Wilson Sons' Shipyard complex, in Guarujá (SP).

18 Dec 2013

Four Companies Proceed with FPSO Chartering Project

MODEC, Inc., Mitsui & Co., Ltd., Mitsui O.S.K. Lines, Ltd. (MOL) and Marubeni Corporation have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business currently promoted by MODEC for the purpose of providing a floating production, storage and offloading system (FPSO) for use in the Carioca area of a pre-salt oil field off the coast of Brazil. The four companies have entered into definitive agreements today. Based on these agreements, Mitsui, MOL and Marubeni will invest in Carioca MV27 B.V., a Dutch company established by MODEC, and the Companies will proceed with the Project jointly. MV27 has signed a long-term chartering agreement for the deployment of the vessel by the BM-S-9 Consortium – Petrobras (45%), BG Group (30%) and Repsol Sinopec Brasil S.A. (25%).

09 Aug 2012

Oil Fuel Bunker Station Development in Port of Barcelona, Spain

Aegean Marine Petroleum Network Inc. plans expansion in Barcelona, contracts with Meroil for onshore fuel oil storage. Aegean Marine Petroleum Network has signed an agreement to secure onshore fuel oil storage capacity in Port of Barcelona and plans to start supply operations by the end of Q1 2013. The port of Barcelona serves as a key transportation hub located along major seaborne trade routes, totalling approximately 10,000 transits per year and generating approximately 1.2 million metric tons of annual marine fuel sales volumes. The port, which also benefits from extensive cruise passenger travel, is currently undergoing a modernization and expansion plan headed by the Barcelona Port Authority that is expected to substantially increase the port's capacity upon completion in 2014.

02 Jun 2011

Alnmaritec Supplies New Pollution Control Boats

The two new Wave Skimmer class boats undergoing trials at Blyth

Alnmaritec Limited, which is recognised as one of the UK's leading specialist boat builders, has recently delivered two new oil pollution control boats for operation in Asia. The new ‘Wave Skimmer’ class boats were delivered by Alnmaritec earlier this year to Elastec American Marine who also supplied all of the oil recovery and storage equipments on board. These boats follow on from the successful Wave Provider class boat that was delivered by Alnmaritec to Elastec (a major manufacturer of oil spill equipment) in 2010, also for operations in Asia.

14 Jan 2011

New England Shipyards Cited for Environmental Violations

Two New England shipyards, one in Massachusetts and one in Rhode Island, will pay penalties to settle claims by the U.S. Environmental Protection Agency that they violated federal environmental laws. Rose’s Oil Service, a shipyard and fuel oil distributor in Gloucester, Mass., will pay $130,000 to resolve claims it violated federal water and oil pollution prevention laws. Under the settlement agreement between Rose’s Oil and EPA’s New England office, EPA alleges the company discharged pressure wash water and stormwater without authorization under the Clean Water Act. Rose’s Oil also failed to prepare a Facility Response Plan and an adequate Spill Prevention, Control, and Countermeasure Plan in violation of federal oil pollution regulations.

09 Jan 2008

OPE Awards SSP-320 Design to WorleyParsons

OPE, Inc. has awarded WorleyParsons SEA Engineering the detailed design of the SSP-320 Hull. The Satellite Services Platform (SSP) is a patented spherical-shaped floating vessel with a unique center column that provides measurable advantages over ship-shaped vessels and traditional platforms. The SSP project engineering team is expected to deliver the specified material and fabrication packages in the third quarter of 2008 to obtain accurate construction quotes and shipyard availability. This model has a 1,250,000 barrel oil storage capacity and 80,000 bopd production capacity.

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