APM Terminals, Brasco to support oil explorations

APM Terminals shake hands with Brasco, a Wilson Sons Group company and inked an agreement in order to boost oil exploration operations. Specifically, Brasco as an offshore security support company, will further secure oil explorations located at Pecém Industrial and Port Complex. 

Appetite for finding oil not reducing

The Energy Transition and Extinction Rebellion has led the energy news agenda and stimulated reflection, however the impact on exploration drilling is not yet apparent, according to Westwood Energy.

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. 

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.

Brazil deploys highest number of FPSOs by 2025

Brazil continues to drive global deployment of floating production storage and offloading vessels (FPSOs), with a total of 21 planned and announced FPSOs during the outlook period 2019 to 2025, according to data and analytics firm GlobalData.

Investigation finds cracks on Modec FPSO after oil spill

An investigation at the external tanks of FPSO ‘Cidade do Rio de Janeiro’, at the Espadarte field in Brazil, revealed cracks at the hull, the Tokyo-based operator MODEC informed.  Over the weekend, 1.2 cubic meter of residual oil leaked from the unit, which was recovered.

Brazil’s Abrolhos park in danger due to possible oil explorations

Brazil seems to be facing tensions concerning oil exploitation, since Brazilian environmental protection agency, Ibama, proposed that the auction of oil exploration blocs near Abrolhos national park shouldn’t commence. Abrolhos national park is the richest area of marine biodiversity in the South Atlantic Ocean.

Petrobras, Equinor assess offshore wind in Brazil

Brazilian energy major Petrobras (Petróleo Brasileiro S.A.) announced the signing of a Memorandum of Understanding (MoU) with the Norwegian oil major Equinor to evaluate a joint business development in the offshore wind energy industry in Brazil.

Japanese companies cooperate for FPSO project off Brazil

MODEC, Mitsui & Co, Mitsui O.S.K. Lines, Marubeni and Mitsui E&S Holdings, agreed that Mitsui, MOL, Marubeni and Mitsui E&S will invest in a long-term charter business to provide a floating production, storage, and offloading system for use in the Mero field off the coast of Brazil. The FPSO will be chartered for 22 years.


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