YENAGAO, Nigeria (Reuters) -At least three people died in Nigeria when the oil storage and production vessel, FPSO Trinity Spirit, exploded last week and four crew are still missing, the operating company said on Monday. The vessel had 10 crew on board when it exploded on Wednesday, Nigeria s Shebah Exploration & Production Company Ltd (SEPCOL) said, adding that three were found dead on Sunday after three people had been found alive last week. Our priority remains focused towards establishing the whereabouts, safety, and security of the four crew members still missing, the company said. The Trinity Spirit floating production, storage and offloading (FPSO) vessel was not producing oil at the time of the blast, after the consortium running the oilfield, including SEPCOL, lost its production licence in 2019. Two oil industry sources and an environmental group said the vessel was old and badly maintained prior to the explosion. One source said major trading firms had stopped using it to st
BAYELSA, Nigeria (Reuters) - An oil production vessel exploded off the coast of Nigeria early on Wednesday with 10 crew members on board though it was not yet clear if there were any casualties or how much crude might have spilled into the sea. Nigeria s Shebah Exploration & Production Company Ltd (SEPCOL) said in a statement on Thursday that flames had engulfed the Trinity Spirit floating production, storage and offloading (FPSO) vessel following the blast a day earlier. The Trinity Spirit can process up to 22,000 barrels of oil a day and can store up to 2 million barrels at any one time, according to SEPCOL s website. One industry source active in Nigeria s oil sector said the vessel had about 50,000 barrels in storage and was not pumping crude from the Ukpokiti oilfield at the time of the explosion. SEPCOL, which is currently in receivership, did not immediately respond to requests for comment on the status of the vessel when it exploded. The company s license to produce oil was rev
(Bloomberg) BP Plc and Royal Dutch Shell Plc have hired an array of carbon-emissions traders to replenish their ranks after an exodus of staff to trading houses last year. Competition for traders of so-called environmental products has ramped up over the past year, with firms such as Trafigura Group Pte and Mercuria Energy Group Ltd expanding their footprint in businesses related to the transition to clean energy. With the cost of emissions rising, commodity-trading houses have looked to BP and Shell to hire experienced hands in the world of carbon credits and offsets. The two oil majors are active in emissions trading throughout the world. The buying and selling of so-called carbon offsets could be a large part of the firms’ net-zero plans, which include development of renewable energy as well as tree-planting and reforestation to absorb greenhouse gases emitted by the burning of oil and gas. Among BP’s recent hires are Julia Elmgren, who joins from Gazprom Marketing and Trading