Tag: Brazil

Rystad Energy research shows that the offshore oil and gas (O&G) sector is set for the highest growth in a decade in the next two years, with $214 billion of new project investments lined up. Annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022 and will break it again in 2023 – the first breach for two straight years since 2012 and 2013.

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, examines why Brazil is heading for a record soybean harvest and sharp rise in exports this year, despite a slow start to the year.

Petrobras and Equinor have released a statement on their agreement to evaluate seven offshore wind projects in Brazil. During CERAWeek (annual energy conference organized by S&P Global in Houston, Texas), the two companies signed a letter of intent that expands the cooperation between them to assess seven offshore wind power generation projects.

DP World is planning to invest US $35 million in 2023 to expand and modernise its facilities located on the left bank of Brazil’s Port of Santos. The port is one of the largest and most modern private multi-purpose port terminals in the country.

The International Chamber of Shipping (ICS), released a statement mentioning FEDIL Shipping, Luxembourg and the Brazilian Association of Cabotage Owners have become Affiliate Member National Associations. The ICS Board has approved their membership, taking effect from 1 March 2023.

Keppel Offshore & Marine informed that it has made full payment of the fines and damages worth around $65m to Brazil under a leniency agreement that had been set out in December 2022.

Petrobras carried out Brazil's first bunker delivery with renewable content at the Rio Grande Terminal (Terig), in Rio Grande do Sul, on 31 December.

An idled handysize bulker drifted stern-first into a bridge in Rio de Janeiro, on November 14, while no injuries were reported.

The Brazilian Association of Port Terminals (ABTP) filed a legal request at Brazil’s Administrative Economic Defense Council (CADE), in order to investigate Maersk and MSC’s impact on the port market.

A new containership operated by Ocean Network Express (ONE), ran aground off Itajai, Brazil on November 7.