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  1. Statoil acquires Peregrino FPSO from Maersk

    Online Articles

    Tue, 12 Jun 2012

    a 6-month transition period. The Peregrino FPSO project was initiated in 2007. The conversion from a very large crude carrier to an offshore oil production installation required more than 15 million labor hr and an investment of more than

  2. Legal, regulatory treatment of floating oil and gas vessels needs clarification

    Online Articles

    Mon, 3 Sep 2012

    of the FPSO. The potential financial repercussions cannot be overstated. Taking as an example a typical very large crude carrier of 160,000 gross tons, the limit of liability currently available in the UK for physical damage claims is about

  3. OGJ Newsletter

    Online Articles

    Mon, 18 Jun 2012

    a 6-month transition period. The Peregrino FPSO project was initiated in 2007. The conversion from a very large crude carrier to an offshore oil production installation required more than 15 million labor hr and an investment of more than $1

  4. MARKET WATCH: Oil prices climb in hopeful markets

    Online Articles

    Fri, 27 Apr 2012

    Amsterdam, Rotterdam, Antwerp region also fell. Time spreads in Brent were firmer following a report that [very large crude carrier ] cargoes are moving from the North Sea to Korea.” He said, “For the moment, the market appears far more convinced

  5. GUIDE TO WORLD CRUDES: Five deepwater Angola fields comprise Plutonio blend

    Magazine Articles

    Mon, 4 Oct 2010

    According to BP, crude export parcel sizes are 1 million bbl. The buoy can accept either SuezMax or VLCC (very large crude carrier ) vessels for "combi-cargoes," both as first or second cargo loads. With peak production in excess of 200,000

  6. OGJ Newsletter

    Magazine Articles

    Mon, 15 Jun 2009

    events at the Texas City refinery. Transportation Quick Takes ConocoPhillips VLCC leaves Orkneys for Chile A very large crude carrier (VLCC), after spending 3 months as a floating storage unit, sailed from the Scapa Flow in Scotland’s Orkney Islands

  7. SPECIAL REPORT: Conditions improving for floating LNG production

    Magazine Articles

    Mon, 7 Mar 2011

    million-tpy FLNG vessels, the hull's overall length (LOA) may be about 320 m, on the order of a very large crude carrier . Storage would be required for more than 200,000 cu m of LNG. Ability to store sufficient LNG and condensate is critical

  8. Crude tests $73/bbl

    Online Articles

    Mon, 15 Jun 2009

    to $70.87/bbl on June 11. Officials at OPEC reported the tanker market rebounded in May. “The [very large crude carrier ] sector continued to suffer the most from the global economic crisis and OPEC output adjustments. Clean spot freight

  9. Contracts let for Jubilee subsea, FPSO work

    Online Articles

    Tue, 4 Aug 2009

    Production Systems (Singapore) Pte. Ltd. let a contract to Jurong Shipyard Pte. Ltd. to convert a very large crude carrier (VLCC) into a floating production, storage, and offloading (FPSO) vessel for Jubilee. Expro International will

  10. Jubilee field off Ghana starts production

    Online Articles

    Wed, 15 Dec 2010

    those blocks, Kosmos said. The turret-moored FPSO, the Kwame Nkrumah, was created by converting a very large crude carrier in Singapore’s Jurong shipyard. The FPSO is capable of processing 120,000 b/d and 160 MMscfd of gas and storing