Category: Oil tankers at sea 2020

Oil tankers at sea 2020

So why can't we leave man-made structures in the sea and thereby save the cost of removal and recycling?

oil tankers at sea 2020

That would be a big win for the public purse. However, to do that, we would have to test the pillars of sustainability: the economy, environment and society.

oil tankers at sea 2020

Decommissioning an oil rig is a big job. Offshore installations consist of the equipment for oil and gas processing and drilling the topsidesand the supporting seabed-to- surface structure.

This is most often a steel framepiled to the seabed the jacket. The largest steel jacket in UK waters is that of the Magnus oil platform, which weighs 30, tons—around the weight of 20, family cars.

Breaking: Images of Fully Loaded Oil Tankers Stranded at Sea

Removal is typically undertaken in two stages. First, the topsides equipment is cleaned and broken into sections for lifting onto crane barges or, for heavier topsides structures, a double-hulled tanker. Once the topsides has been removed, the jacket is cut, lifted onto a barge and both topsides and jacket are taken onshore for dismantling and recycling. The oil and gas wells always need to be plugged to prevent the contents of the abandoned hydrocarbon reservoir leaking into the surrounding environment.

But there is ever-growing evidence that leaving the jacket and topside structures in the sea are an environmental positive. After several years in the water, each structure becomes covered by epifaunal organisms such as oysters, mussels, barnacles, tunicates, sponges and corals. These create an increasingly complex surface that provides thousands of nooks and crannies for organisms such as crabs, worms, sea urchins and blennies to use.

These animals then provide food for larger fishes and the structure becomes a true reef ecosystem. The Scottish Wildlife Trust is also proposing that architecture removal may not be the best environmental option.

Similar to the Gulf of Mexico, structures off the coast of Scotland provide hard surfaces that are colonized by anemones, hydroids, bryozoans, sponges, mussels, barnacles, and soft and hard corals. They have also become breeding grounds and shelter for commercially important fish and they attract predatory marine mammals. Decommissioning, on the other hand, destroys thriving marine ecosystems that have built up over decades. It also results in increased harmful air emissions, including greenhouse gas emissions, from the marine traffic required to sm j327t combination file u3 the removal works.

Decommissioning offers few social or economic benefits either.

Crude oil held in sea storage hits new record at 160 million bbls: sources

It creates few jobs, particularly for the onshore dismantling and recycling parts of the process. For example, removing the Buchan floating production facility provided just 35 jobs. And at the end of the process, nothing is left.The FSO Safer—which holds more than 1. The ship is rapidly decaying after being abandoned five years ago when Iran-backed Houthi rebels took control of the nearby coastline. The United Nations and foreign powers are pushing for access to the vessel, but the Houthis have since stonewalled requests, raising fears that the rebels are seeking to use it as leverage in peace negotiations.

Pipes and valves on the four-decade-old vessel have been damaged by corrosion and its cooling system has been taking on seawater in recent months, Western officials said. The U. The Houthis have said they want the assessment and repair done in one visit, which critics say is aimed at ensuring the ship stays in place.

Deep mistrust on every issue has scuttled international peace efforts in Yemen.

Working on a Tanker Ship (Part 1)

Ground battles, airstrikes and a blockade against the Houthis have killed thousands of civilians, causing what the U. Western officials suspect the Houthis want to keep the vessel as a possible floating bomb to deter coalition attempts to retake Hodeidah.

The Houthis deny the allegation. Amid gridlocked attempts to broker peace inthe Saudi-led coalition launched a large-scale offensive to try to recapture Hodeidah during which dozens of civilians were killed in air raids. Office for the Coordination of Humanitarian Affairs.

The 1,foot Safer is a Japanese-made vessel that was launched in before being sold to the Yemeni government in the s to store oil for export. Abdulwahed al-Obaly, an activist and former employee at the Safer, said the risk of a fire had increased dramatically after equipment meant to inject nitrogen into the tanker to prevent contact between oxygen and the crude broke.

He called on foreign powers to immediately tow the tanker to a dry port to extract the oil. For now, Western officials are trying to keep the Safer—which was a key issue at a U. Security Council briefing in July—separate from broader peace efforts. Share this article. Share on email. Share on facebook. Share on twitter. Share on linkedin. Share on whatsapp. Prev Previous Oil slumps with rising U.

Register to attend. Register your interest. Get social.By Jonathan Saul. LONDON Reuters - Traders are storing an estimated record million barrels of oil on ships - double the level from two weeks ago as they seek to tackle a glut of stocks created by a slide in global demand from the coronavirus, shipping sources say.

At the same time traders have rushed to find storage on land and at sea in what is believed to be the biggest oil glut in history. Shipping sources said oil held in floating storage on tankers had reached at least million barrels including 60 supertankers, known as very large crude carriers VLCCswhich can each hold 2 million barrels. Smaller tankers were also being used, which was also boosting volumes being held at anchor, they added.

The last time floating storage reached levels close to this was inwhen traders stored over million barrels at sea before offloading stocks. Locations typically include the U. Gulf and Singapore, where major oil hubs are situated.

The crude market is currently trading in what is known as contango, where forward prices are higher than immediate prices.

This market structure encourages traders to park barrels in storage in the hopes of selling them for a profit later. There are over VLCCs in the world and analysts have estimated as many as to supertankers could be deployed for floating storage in coming months. Transportation Updated. By Jonathan Saul 3 Min Read. August 17, Tom Baxter does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

That would be a big win for the public purse. However, to do that, we would have to test the pillars of sustainability: the economy, environment and society. Decommissioning an oil rig is a big job. Offshore installations consist of the equipment for oil and gas processing and drilling the topsidesand the supporting seabed-to-surface structure. This is most often a steel frame, piled to the seabed the jacket. The largest steel jacket in UK waters is that of the Magnus oil platform, which weighs 30, tonnes — around the weight of 20, family cars.

Removal is typically undertaken in two stages. First, the topsides equipment is cleaned and broken into sections for lifting onto crane barges or, for heavier topsides structures, a double-hulled tanker.

oil tankers at sea 2020

Once the topsides has been removed, the jacket is cut, lifted onto a barge and both topsides and jacket are taken onshore for dismantling and recycling. The oil and gas wells always need to be plugged to prevent the contents of the abandoned hydrocarbon reservoir leaking into the surrounding environment.

But there is ever-growing evidence that leaving the jacket and topside structures in the sea are an environmental positive.

After several years in the water, each structure becomes covered by epifaunal organisms such as oysters, mussels, barnacles, tunicates, sponges and corals. These create an increasingly complex surface that provides thousands of nooks and crannies for organisms such as crabs, worms, sea urchins and blennies to use.

These animals then provide food for larger fishes and the structure becomes a true reef ecosystem. The Scottish Wildlife Trust is also proposing that architecture removal may not be the best environmental option. Similar to the Gulf of Mexico, structures off the coast of Scotland provide hard surfaces that are colonised by anemones, hydroids, bryozoans, sponges, mussels, barnacles, and soft and hard corals. They have also become breeding grounds and shelter for commercially important fish and they attract predatory marine mammals.

Read more: Retired oil rigs off the California coast could find new lives as artificial reefs. Decommissioning, on the other hand, destroys thriving marine ecosystems that have built up over decades. It also results in increased harmful air emissions, including greenhouse gas emissions, from the marine traffic required to conduct the removal works.

Decommissioning offers few social or economic benefits either. It creates few jobs, particularly for the onshore dismantling and recycling parts of the process. For example, removing the Buchan floating production facility provided just 35 jobs. And at the end of the process, nothing is left.As per reports from the Associated Press, three tankers carrying Iranian crude oil bearing the flag of Iran have reached Venezuela against sanctions imposed by the United States of America.

The arrival of Iranian tankers constitutes a success for the two nations sanctioned by the United States following an August seizure of such fuel. The Forest was the first Iranian ship to reach Venezuela. It was followed by the Iranian tanker Fortune.

​Three Iranian tankers reach Venezuela

As per reports, vessel Forest broughtbarrels of gasoline for the sanction-hit South-American country. The Faxon became the third Iranian ship to arrive in Venezuela.

Together, aroundbarrels of fuel have been ferried by those oil tankers. Faxon is stationed in Puerto La Cruz, Venezuela.

The United States sanctions both Iran and Venezuela and vocally opposes their relations. As a result, Iran and Venezuela are close both politically as well as economically. In August, four tankers were seized by US authorities, alleging that the ships were carrying fuel to Venezuela. FleetMon reported on the incident.

The owners of the fuel subsequently challenged the move in a US court, and the cargo, also reported to be gasoline, is apparently still at sea in a legal limbo. Venezuela has the largest oil reserves of any country in the world, with more than billion barrels of proven reserves. Despite these huge reserves, the Venezuelan government's lack of cash to import gasoline combined with U. The sanctions on Venezuela were in response to repression during the Venezuelan protests and the Venezuelan protests, and activities during the Venezuelan Constituent Assembly election and the Venezuelan presidential election.

Posted in Offshore on Oct. Posted in Accidents on Oct. Posted in Tanker and Oil Industry on Oct. Posted in General on Oct. Need a FleetMon account? Sign Up now. It is great that you want to track the seven seas! Unfortunatly your browser is out of date. To view our website correctly you need an up to date browser. It is a security risk for you to use an old browser by the way. Update your Browser now. Related Vessels.

Type Oil Products Tanker. Location Southern Caribbean, VE. Location Punto Fijo, VE. Type Chemical carrier. Location Out of Range. ITF disabled Filipino bulk carrier in Estonia. Ankur Kundu. Remember me. Lost password? Your browser is out of date!The price of oil has plungedbut the price of finding a place to put it has soared. More and more massive tankers at sea are being used simply to hold the oil — as much as two million barrels per vessel — until it is wanted. Other vessels are busy carrying it to buyers like China, which is taking advantage of prices not seen in two decades.

Demand for oil has plummeted by about one-third as airplanes are parked on runways and cars sit at home, stilled by lockdowns aimed at curbing the spread of the coronavirus.

At the same time, Saudi Arabia and its allies have ramped up outputas part of a price war with Russia. The flood is filling tank farms to the brimso traders and producers are chartering ships like Mr.

The tanker industry is having its best spell in at least a decade, analysts say. Ships owned by companies like Euronav are like taxis, waiting for fares.

The Oil Industry’s Glut Has a Bright Spot: Tanker Storage

Indeed, Mr. Traders figure they can make money by parking oil on ships and selling it later. That is more oil than the world would consume over a day and a half in normal times.

Booth also said that in the same period the total amount of crude being carried on ships — what the industry calls oil on water — increased by about million barrels to 1.

Tankers may have destinations booked but are encountering long delays unloading their cargoes as refineries and other customers have no use for them. While Saudi Arabia and Russia agreed on April 12 to end their price war and cut 9. Booth said Saudi Arabia had been loading an average of 10 million barrels a day onto tankers recently, about 2.

He said the Saudis were maintaining these high levels despite already having sent several vessels to sea without clear destinations for their cargo. The business of shipping oil from the Persian Gulf is still strong, and shipping is much more profitable than storage: Mr. In the short term, this form of demand is likely to support shipping rates, Mr. He said there were about 1, smaller vessels that could also be used for this purpose if the supply of large ones was exhausted. Rising charter rates may eventually make this form of storage prohibitively expensive.

As shipowners relish the moment, some analysts warn that this corner of the oil industry is unlikely to thrive for long because of depressed demand for crude.

Jonathan Chappell, a shipping analyst at Evercore ISI, a securities broker, said the tanker operators were, in effect, seeing the activity of a couple of years crammed into six months. Once normality returns, he said, the futures market will shift, and traders and companies will liquidate the inventories of oil built up at sea and on land, slashing the need for ships.

Channing Dungey is leaving Netflix after less than two years. Democrats say Treasury Department delays cost thousands of aviation jobs. See more updates. More live coverage: Global. Home Page World U.The crew of Maersk Etienne, an oil tanker owned by Denmark's Maersk Tankers, rescued the migrants following a request from Maltese officials on August 4, the company said.

The migrants' wooden dinghy that had been at sea for days sank immediately after the rescue operation, according to Maersk Tankers. The migrants have slept on blankets on the deck of the oil tanker, sheltered from the sun and wind, the company said.

It said the boat had set sail from Libya the previous day. The number of migrants attempting to cross the Mediterranean to land on European shores from countries like Tunisia and Libya has spiked in the past year. Neither the Maltese government nor the Tunisian interior ministry were immediately available for comment. Danish authorities are currently in contact with Malta and Tunisia trying to resolve the issue, according to Maersk Tankers.

WHO discourages lockdowns as U. The best drive-thru restaurants in the USA. Maersk oil tanker caught at sea off Malta after rescuing 27 migrants. Load Error. Found the story interesting? Like us on Facebook to see similar stories. I'm already a fan, don't show this again. Send MSN Feedback. How can we improve? Please give an overall site rating:. Privacy Statement.


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