Statoil Facing Scrutiny over Spill

By MarEx 2015-10-12 11:30:55

Norway’s Petroleum Safety Authority (PSA) is investigating the oil spill reported by Statoil last week. About 250 barrels of oil was spilled during the loading of oil from Statjord A to the M/T Hilda Knutsen via the OLS loading buoy, which is located between Statfjord A and Statfjord B.

Statoil reported that the spill was caused by a leak located in a flange in the loading hose.

PSA stated: “The Petroleum Safety Authority has resolved to investigate this incident, in part to clarify the course of events and to identify the direct and underlying causes. Issues due to be covered will include the technical condition, maintenance and operation of the offshore loading system.”

In January 2014, Statoil shut down operations at its Statfjord C platform after emergency systems detected an oil leak. More than 250 crewmembers were evacuated to lifeboats.

Statfjord A is one of Statoil’s oldest producing fields, and produces more than 24,000 bpd. Centrica and ExxonMobil are Statoil’s partners in Statfjord A. Production was scheduled to end at the field a few years ago, but in 2013 Statoil, Centrica and Exxon agreed to extend production until 2020.

The entire Statfjord region is produces an average of 80,000 barrels of oil per day.

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Safety Regulators Investigating North Sea Spill

By MarEx 2015-10-12 11:30:55

Norway’s Petroleum Safety Authority (PSA) is investigating the oil spill reported by Statoil last week. About 250 barrels of oil was spilled during the loading of oil from Statjord A to the M/T Hilda Knutsen via the OLS loading buoy, which is located between Statfjord A and Statfjord B.

Statoil reported that the spill was caused by a leak located in a flange in the loading hose.

PSA stated: “The Petroleum Safety Authority has resolved to investigate this incident, in part to clarify the course of events and to identify the direct and underlying causes. Issues due to be covered will include the technical condition, maintenance and operation of the offshore loading system.”

In January 2014, Statoil shut down operations at its Statfjord C platform after emergency systems detected an oil leak. More than 250 crewmembers were evacuated to lifeboats.

Statfjord A is one of Statoil’s oldest producing fields, and produces more than 24,000 bpd. Centrica and ExxonMobil are Statoil’s partners in Statfjord A. Production was scheduled to end at the field a few years ago, but in 2013 Statoil, Centrica and Exxon agreed to extend production until 2020.

The entire Statfjord region is produces an average of 80,000 barrels of oil per day.

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Passenger Falls off Cruise Ship

By MarEx 2015-10-12 11:28:18

A passenger fell overboard from the P&O Cruises Ventura on October 10 as it returned to Southampton following a two-week Mediterranean journey. The Ventura changed course off the coast of the Isle of Wright at about 3 am local time after the crew received reports that a passenger may have fallen overboard.

UK Coast Guard rescue teams were dispatched soon after and two lifeboats were deployed from Bembridge and Yarmouth, two villages located on the Isle of Wright, as part of response.

Helicopters from Portland, Dorset, and Lee-on-on-the-Solent, Hants, were also been deployed in the search area which is 25 nautical miles south of St. Catherine’s Point on the Isle of Wright.

The Ventura was built in 2008 and there were 3,192 passengers aboard the 956-foot vessel. The Ventura retraced its route before ultimately returning to its homeport of Southampton. The vessel reportedly began another two week cruise late October 11.

Coast Guard officials are continuing to search for the missing passenger.

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DSME may face further losses

Daewoo Shipbuilding & Marine Engineering (DSME) could face a further loss of more than KRW1 trillion (USD872 million) in addition to its posted KRW2.3971 trillion loss in the second half of 2015.
The original loss by South Korea’s third largest shipbuilder had been expected after it admitted to
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