European institutions call on EU to address decommissioning of floating oil and gas structures

A joint event between the European Economic and Social Committee (EESC) and three Green Members of the European ...

VLCC Rates Supported by Floating Storage

Freight rates for very large crude carriers (VLCCs) could creep higher as more ships are chartered for floating ...

North Sea floating storage high amid slack Asian demand

Rising light sweet crude production in Libya and west Africa, combined with slack demand for North Sea grades in...

Floating oil storage has dropped by one-third in 2017: OPEC source

Global oil inventories in floating storage have declined by one-third since the start of the year, a source from the Organization of the Petroleum Exporting Countries told Reuters on Monday.

New Hyundai Heavy Industries’ floating and regasification unit equipped by GTT

GTT has received an order from Hyundai Heavy Industries (HHI) to equip a new floating storage and regasification unit (FSRU) with its Mark III cryogenic membrane containment system.

BFOE floating storage drops to 2.6 million barrels on increased CFD strength

The quantity of North Sea crude in tankers in the region has dropped this week, with the current structure of the contracts for difference curve providing no incentive for traders to float cargoes.

Tankers: Floating storage eyed for European naphtha on oversupplyA few charterers such as Koch are looking to put naphth

A few charterers such as Koch are looking to put naphtha on Long Range 2 tankers as floating storage in the Mediterranean region because Europe has been bursting at the seems with naphtha over the last two quarters against the background of a closed arbit