Floating Storage News

 

Nigeria Commissions its first FSO Vessel to Boost Oil Output

Oct 08, 2025

Nigeria has commissioned its first wholly owned Floating Storage and Offloading vessel near its Bonny export terminal, one of the companies which developed it said, as Africa's biggest oil producer seeks to improve its crude export infrastructure.The 2.2-million-barrel capacity FSO aims to boost crude oil transportation and production from Oil Mining Lease 18 and surrounding assets in the country's Eastern Niger Delta…

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Jun 18, 2025

Yinson Production and “K' Line Energy Shipping (UK) (KLES), a London-based subsidiary of Kawasaki Kisen Kaisha ('K' LINE), have entered into an agreement to jointly develop and market solutions for the transportation and injection of liquefied CO2…

Bureau Veritas, SHI Partner Up for Floating Storage and CCS Solutions

Dec 18, 2024

Bureau Veritas Marine & Offshore (BV) and Samsung Heavy Industries (SHI) have partnered up to develop Floating CO2 Storage Units (FCSU) and Carbon Capture and Storage (CCS) projects in the Republic of Korea in an effort to cut greenhouse gas emissions…

Valeura Energy Completes Modification of MT Jaka Tarub Vessel for Wassana Offshore Oil Field

Mar 21, 2023

Oil and gas company Valeura Energy said Monday that modifications to the MT Jaka Tarub crude oil storage vessel were complete, making the vessel compatible with infrastructure at its Wassana oil field, offshore Thailand.According to Valeura Energy…

Devastating Fire May Force Cuba to Resort to Expensive Floating Oil Storage

Aug 09, 2022

An inferno at Cuba's largest oil storage facility has killed at least one firefighter, injured many more, and threatens to further swell the fuel import bill for the impoverished island nation that relies on foreign oil for everything from transportation to its power grid…

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