Gone are those days when exploration companies plug and abandon marginal oilfields. The advent of FPSO platforms has made exploration more economical and flexible. Oil-producing companies can now take advantage of the new technology to explore marginal fields as well as deeper waters. In this article, we will be listing out some FPSO platforms or crude oil terminals in […]
FPSO Platforms or Crude Oil Terminals in Brazil Read More »
There are different types of an oil platform, but Floating, Production, Storage and Offloading FPSO stand out. FPSO is an oil production platform that floats on water and can produce, refine, store and subsequently offload petroleum products to other vessels. It’s a floating vessel connected to a sub-sea production, injection export system via a series of risers.
Understanding FPSO Production Platform Read More »
A buyer is not only interested in product specifications but also, terms of trade to avoid running into hitches in the course of a business transaction. That is why soft/full corporate offer comes in. It helps in clarifying the terms and conditions a seller is willing to transact business from the outset. Also, a soft
Understanding Soft Corporate Offer SCO Read More »
Neither the downstream nor the upstream sector of the industry is free from hazards because incidents do happen either as a result of negligence or equipment failure. In this article, our focus would be on oil cargo discharge safety and hazard prevention. What is Oil Cargo Discharge? An oil cargo discharge is the offloading of oil from
Understanding Oil Cargo Discharge Safety Read More »
Ship to ship transfer is a common practice in the oil and gas industry, and its importance cannot be over-emphasized. It is an essential process that involves transhipment of cargo from one vessel to another. Why is ship to ship transfer essential when conveying cargo to end-users or consumers? Let us get started! What is
How Safe is Ship to Ship Transfer (STS) Read More »
Imagine if you have to load your crude oil into drums or barrels before you ship them to a foreign country? I am sure you don’t want to go through such stress in the name of shipping. Tankers are vessels used for carrying large quantities of liquid products from one to another. Without wasting your
Types of Marine Tankers: Similarities and Differences Read More »
Crude oil is undoubtedly Nigeria’s number one source of income, and there seems not to be any commitment to creating new alternatives in the nearest future. Like every other business, demand and supply is unpredictable hence, the need to make provision for storage where buyers could conveniently come to load products for onward shipment to
Crude Oil Terminals in Nigeria Read More »