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Oil market turbulence pivots focus on floating storage technical needs

Negative oil prices and off-the-scale volatility in crude markets are positive for floating storage, as the next chapter of the Covid-19 pandemic energy crisis plays out on the world’s fleet of tankers. Beyond the turbulence, record-breaking volumes of oil and refined products being stored on tankers at sea are presenting owners and operators not only …

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Demand for remote offshore rigs inspections skyrockets due to COVID-19

Classification society Bureau Veritas (BV), a provider of testing, inspection, and certification services, has noted a 900 per cent rise in demand for the remote inspection of offshore assets and equipment since the outbreak of the COVID-19 pandemic. BV said on Monday that requests for its remote inspection, certification, examination, and verification services escalated from …

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