Fso News

PTSC Asia Pacific, a joint venture between Yinson Production and PetroVietnam Technical Services Corporation (PTSC), has secured a contract for the provision, charter, operation and maintenance of the floating storage and offloading (FSO) vessel for the Lac Da Vang project offshore Vietnam.PTSC Asia Pacific executed the contract with Murphy Cuu Long Bac Oil, a wholly owned subsidiary of Murphy Oil Corporation.The FSO will be a newbuild double-hull vessel with storage capacity around 500…

Japan-based Toray Industries has secured type approval from the American Bureau of Shipping (ABS) for the vacuum-assisted resin transfer molding (VaRTM) process for in-situ ship repairs, developed jointly with MODEC.The technique entails applying carbon fiber reinforced plastic (CFRP) to corroded areas with reduced thicknesses of floating production, storage and offloading (FPSO) and floating storage and offloading (FSO) systems.ABS is one of the world’s leading classification societies, accounting for around half of FPSO and FSO certifications.

Classification society ABS said it has granted an approval in principle (AIP) to OceanSTAR Marine & Offshore Investment Pte. Ltd., for its newbuild floating storage and offloading (FSO) design.The OceanSTAR FSO-01 is a shipshape hull design specifically developed to cater to midsize FSOs with a storage capacity to scale up to 750,000 barrels of oil for operational demands in Asia Pacific and African coastal offshore fields. Other features include a larger strengthened deck area…

Altera Infrastructure has hired DOF to install Voyageur Spirit floating production, storage and offloading (FPSO) unit as well as one floating storage unit (FSO) at Eni-operated Baleine oil field offshore Ivory Coast.The project includes the complete installation of seabed mooring systems, flowline between the FSO – a converted shuttle tanker Nordic Brasilia - and the Voyageur Spirit FPSO, along with their associated equipment.The contract for the redeployment of the FPSO and the FSO was secured by Altera back in October 2023.Voyageur Spirit is a cylindrical-shaped FPSO…

MODEC and Toray Industries have jointly developed a carbon fiber-reinforced plastic (CFRP) patch technique for repairs on Floating Production, Storage and Offloading (FPSO), and Floating Storage and Offloading (FSO) systems.FPSO and FSO repair services provided by MODEC, a general contractor specializing in engineering, construction, operation, and maintenance services of offshore oil and gas vessels, will utilize this CFRP patch technique for pitting corrosion repair from 2024.The American Bureau of Shipping (ABS)…

Altera Infrastructure has been awarded contracts for the redeployment of the FPSO Voyageur Spirit and the shuttle tanker Nordic Brasilia for the Baleine Phase 2 project, located offshore Ivory Coast.The vessels are set for deployment on the Baleine field with a 15-year firm contract. The development of the project will be on a fast-track schedule, with a planned start-up date for Phase 2 in the fourth quarter of 2024. The vessels, Voyageur Spirit and Nordic Brasilia, are currently undergoing life extension work and field-specific modifications at Drydocks World in Dubai. Voyageur Spirit is a cylindrical-shaped FPSO, that previously operated on the Huntington field in the North Sea until 2020.

The United Nations said on Friday it had completed the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast, averting a potential environmental disaster.U.N. officials and activists have been warning for years that the entire Red Sea coastline was at risk, as the rusting Safer tanker could have ruptured or exploded, spilling four times as much oil as the 1989 Exxon Valdez disaster off Alaska.The war in Yemen caused the suspension of maintenance operations on the Safer in 2015.

The United Nations said on Tuesday it had started the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast in a complex operation it hopes will ward off a regional disaster.U.N. officials have been warning for years that the Red Sea and Yemen's coastline was at risk as the Safer tanker could spill four times as much oil as the 1989 Exxon Valdez disaster off Alaska.A U.N. spokesperson said on Tuesday a spill could cost $20 billion to clean up.The war in Yemen caused the suspension in 2015 of maintenance operations on the Safer…

The NGO Shipbreaking Platform has called for the safe and environmentally friendly recycling of the FSO Safer, currently being salvaged off the coast of Yemen.The UNDP is looking for a destination for the FSO’s recycling, and the Platform is calling on the Dutch government, one of the biggest donors to the Stop Red Sea Oil Pollution operation, to assist UNDP in identifying a suitable recycling facility. The Netherlands has shown leadership in preventing the environmental disaster an oil spill from the FSO Safer would have caused, says the Platform, along with Dutch company Boskalis, via its subsidiary SMIT Salvage, which has been tasked with the removal of the oil from the FSO.Referring to Dutch involvement in the Stop Red Sea Oil Pollution operation…

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 for years that the Red Sea and Yemen's coastline was at risk as the Safer tanker could spill four times as much oil as the 1989 Exxon Valdez disaster off Alaska.The war in Yemen suspended maintenance operations on the Safer in 2015. The U.N. has warned its structural integrity has significantly deteriorated and it is at risk of exploding.Deputy U.N.

The IMO is urging Member States to contribute equipment to help UN-led efforts to prevent a possible catastrophic oil spill from the FSO Safer, an ageing and rapidly decaying floating storage offshore (FSO) unit moored 4.8 nautical miles off the Red Sea coast of Yemen.A converted super tanker, the FSO Safer contains an estimated 150,000 metric tonnes (approximately 1.1 million barrels) of crude oil, four times the amount spilled during the Exxon Valdez incident in 1989. It has been moored at Ras Isa since 1988 where it had been receiving…

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. This project is a part of the UN-coordinated operation to remove and transfer more than one million barrels of oil from the decaying tanker into a safe modern tanker and the responsible disposal of the Safer.

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 had also approved the nomination to the supervisory board of Marc Saverys from CMB, the Belgian group's largest shareholder, which opposed the Frontline merger that would have created the world's largest publicly listed tanker company.The…

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.Navy spokesperson Admiral Prokgrong Monthatphalin said multiple agencies were working to recover the body of the dead crewman, fix the leak and avert an oil spill."The vessel's condition is safe and weather conditions are not interfering with the rescue operations. However, there is no electricity in the engine room ...

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…

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. Net of adjustments for working capital and expenses, International Seaways received approximately $140 million in cash from the sale.The transaction has been approved by North Oil Company (“NOC”), the operator of the Al Shaheen offshore oil field in Qatar, whose shareholders are Qatar Energy and Total E&P Golfe Limited.

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, Drydocks will apply a new hull coating, which will ensure the FSO's performance remains reliable for the next 20 years of offshore operations.The work will also involve fabrication and installation of an external turret for weather waning…

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…

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.The two-million-barrel cargo tank capacity design was reviewed for its compliance with the ABS Guide for Floating Production Installations.“As a leader in offshore classification, with a long track record of supporting industry innovations, ABS is delighted to add this project from HHI to that proud list.

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…

Malaysia Vietnam Offshore 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 condensate delivery milestone was achieved on November 16, 2020, MISC said Friday. FSO Golden Star with a storage capacity of about 700,000 barrels of condensate was converted and sailed away from Malaysia Marine and Heavy Engineering’s West Yard on September 10…

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…

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…