(350.org, 20.Oct.2020) — While a record deluge of intensifying hurricanes hit the Caribbean and Gulf, many of the same communities are at risk of a slow-motion multi-million-gallon oil spill in the region, even larger than the infamous 1989 Exxon-Valdez spill which involved 10.8 million gallons. Amira Odeh, 350.org Caribbean and […]
Tag: PetroSucre
Nabarima Floating Storage Tanker At Risk Of Sinking
(Energy Analytics Institute, 17.Oct.2020) — The Nabarima floating storage unit with around 1,180,000 barrels of oil and located offshore Venezuela’s Sucre state is at increased risk of sinking, an oil union official warns. Nabarima belongs to the Empresa Mixta PetroSucre, which partners state oil company PetrĂłleos de Venezuela (PDVSA) and […]
US-Venezuela Dispute Delays Oil Storage Transfer
(Argus, 13.Oct.2020) — Italian Eni’s plan to drain a Venezuelan floating oil storage vessel considered a potential environmental risk has been delayed for weeks because of concerns over US sanctions on the Opec country. The Venezuela-flagged Nabarima floating storage and offloading unit (FSO) had been listing in August, with flooding […]
Damaged Venezuelan Oil Tanker Drawing Concern
(AP, 2.Sep.2020) — The sight of a huge oil tanker that has taken on water and is leaning to one side off a remote stretch of Venezuela’s coast has triggered international calls for action. After years of neglect, the FSO Nabarima, a rusting hulk full of thick crude, is in […]
PDVSA, Eni Weigh Options To Transfer Idled Oil
(Reuters, 2.Sep.2020) — Venezuelan state oil company PDVSA and Italy’s Eni are looking at options to safely offload crude from a floating storage facility on Venezuela’s eastern coast that has remained idle for over a year due to U.S. sanctions, according to sources close to the discussions. The companies suspended […]
Venezuela Seeks Disqualification of ICSID Judges
(Energy Analytics Institute, Jared Yamin, 26.Mar.2015) – Venezuela presented a letter to the ICSID court requesting the dismissal of judge Kenneth Keith. Keith is the president of the arbitration tribunal in the case brought to the court by ConocoPhillips in its wrongful expropriation case against the government of Venezuela which […]