The United Nations on Thursday fell far short of raising the money it needs for an operation to salvage 1.1 million barrels of oil from a decaying vessel moored off Yemen's coast and avert an environmental disaster.U.N. officials have been warning…
Dutch marine services firm Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to remove the oil from the decaying FSO Safer moored off Yemen’s Red Sea coast in a push to avoid environmental disaster…
Belgian oil tanker and storage operator Euronav said on Thursday its shareholders had elected John Fredriksen from Frontline, a major investor that pulled out of a merger deal with Euronav this year, to its supervisory board. Euronav said shareholders…
Authorities in Thailand on Thursday were working to avert a leak from a storage vessel carrying 400,000 barrels of crude oil.One crew member was killed after seawater entered the hull of the Benchamas 2 when a seal malfunctioned during maintenance earlier this week…
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…
Africa-focused oil and gas company VAALCO said Wednesday it had completed the installation of the Floating Storage and Offloading vessel ('FSO') installation and field reconfiguration at Etame field offshore Gabon.VAALCO Energy in August last…
Oil tanker operator International Seaways has sold its 50% stake in two floating storage and offshore (FSO) vessels, the FSO Asia and FSO Africa, to its joint venture partner Euronav NV. The purchase price values the two FSO vessels at $300 million in total…
DP World's subsidiary Drydocks World Dubai has started converting an Aframax tanker capable of carrying 700,000 barrels of oil to a Floating Storage and Offloading Unit (FSO) for Dixstone, part of Perenco.As part of the extensive modification and life extension work at the FSO Pargo project…
Africa-focused oil firm VAALCO Energy has signed a binding letter of intent with World Carrier ƶijϻ Services Corp. for the provision and operation of a Floating Storage and Offloading (“FSO”) unit at VAALCO’s Etame Marin field offshore Gabon…
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…
Maritime and offshore classification society American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) to South Korea's Hyundai Heavy Industries’design for a Floating Storage and Offloading (FSO) vessel that is planned for operations in Mexican waters…
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…
Malaysia Vietnam ƶijϻ Terminal's FSO Golden Star has received the first condensate at the Sao Vang and Dai Nguyet (SVDN) Project offshore Vietnam.MVOT is a 51% MISC Berhad (MISC) owned joint venture with PetroVietnam Technical Services Corporation (PTSC)…
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…
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…