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Petrobras to start leasing Bahia LNG operations

Petrobras informed on Monday, September 9 that it will start leasing its LNG regasification terminal, as well as an associated gas pipeline in the northeastern state of Bahia. The move is in line with an agreement made with Brazil’s antitrust regulator Cade in July to open up the Brazilian natural gas market to additional competition.

Brazil expands oil drilling plans despite climate concerns

Although the climate concerns continue increasing and the UN leaders urge countries to immediately act and cut emissions of climate-altering gases, the Brazilian’s Energy Minister recently announced that Brazil plans to further expand its coastal oil drilling in the “pre-salt” oil and gas area. 

Partnership for an inland navigation project in South America

Hidrovias do Brasil, the logistics provider has partnered up with naval architect firm Robert Allan Ltd for the development of a two-stage inland navigation project in South America which “forecasts the development of LNG river convoys and the intention on deployment of the first fully electric pushboat in the world.”

Companies selected for second round bids for Brazil’s refineries

In the second round of bidding for four of its refineries, Petrobras has allegedly selected four groups of companies. In fact, Reuter reports that the Chinese Sinopec, Abu Dhabi’s Mubadala Investment and the Brazilian companies Ultrapar Participações SA (UGPA3.SA) and Raizen have been chosen to go through to the next phase.

No one in Brazil appears keen on OPEC diet, Rystad says

In case Brazil joins OPEC (Organization of the Petroleum Exporting Countries), OPEC would be the clear winner and Brazil the loser by a long shot, energy research firm Rystad Energy said commenting a recent statement by Brazil’s president Jair Bolsonaro that he would like to see Brazil join OPEC. 

Samsung Heavy Industries to pay $75 million to resolve foreign bribery case

Samsung Heavy Industries Company Limited (SHI) has agreed to pay penalties amounting to more than $75 million in order to resolve a U.S. government’s investigation into violations of the Foreign Corrupt Practices Act. The Department of Justice stated that SHI paid millions of dollars to a Brazilian intermediary knowing that some of the money would be used to bribe high-level executives at Petrobras to obtain a shipbuilding contract.

Captain dies after fire breaks out on board carrier off Brazil

Fire erupted on board the Greek-flagged carrier ‘Ore Sudbury’, in Guaiba, Brazil, on November 22. As the Hellenic Coast informed, due to the fire, the Captain died, while the rest of the crew are reported as safe. No pollution has been noticed neither.

Forecasts see Petrobras becoming world’s largest oil producer

Brazil’s Petrobras is expected to become the world’s largest oil producer by 2030, as it gained full control of more than eight billion barrels of oil in the Buzios field, where a sixth floater being planned, according to Rystad Energy’s latest data and forecasts.

China to announce investment in Brazilian port

Reuters reports that China plans on making a billion-dollar investment in port of Sao Luis via China Communications Construction Company, in Brazil, part of the largest foreign direct investment into Brazil this year. The announcement will be made during the meeting of leaders from Brazil, Russia, India, China and South Africa, the BRICS group of emerging nations.

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