Sentences with phrase «floating storage»

After oil prices crashed with the financial crisis of 2008, investors put 90 million barrels of crude into floating storage.

This has led traders to take oil off the market — in some cases by leasing supertankers for extra, floating storage capacity — in hopes that they will be able to sell it back later at a higher price.

Narrowing contango and the Brent backwardation are also helping crude in floating storage to draw down, with an estimated 40 million barrels drop in storage since the beginning of the year.

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Golar LNG Energy Limited engages in the acquisition, ownership, operation, and chartering of liquefied natural gas (LNG) carriers and floating storage regasification units.

Pakistan is taking another step towards becoming a key buyer of liquefied natural gas (LNG), signing a deal to purchase a Floating Storage and Regasification Unit (FSRU) for its second import terminal.

Supported by the improving forward structure in the futures market, floating storage has also been on a declining trend since June,» OPEC said.

«We are arranging to get a floating storage and regasification unit in Tema that could supply us about 120 million standard cubic feet of LNG a day and that could take care of the stranded plants in the Tema corridor,» he said.

Golar LNG Ltd. owns and operates liquefied natural gas carriers (LNG) and floating storage and regasification unit (FSRU).

The Ailsa, a floating storage and offloading (FSO) vessel, is scheduled to be moved during June to Culzean gas field in the UK North Sea, said Sembcorp Marine in an announcement about the vessel's completion.

The floating storage unit leaves plenty of space for the dogs to snooze — and of course their grey bed ties in beautifully with the monochrome scheme.