According to BIMCO, the crude oil exports in Brazil hit a record for December 2019, marking a total amount of 8.7 million tonnes of crude oil exported. With China pushing Brazil to product more crude oil, country’s annual export volumes increased by 5% in comparison to 2018.
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.
Reuters reports that Brazil’s state-controlled oil company Petroleo Brasileiro SA has ordered its ships to avoid the Strait of Hormuz. According to a statement, the decision was taken after consultations with Brazil’s Navy, not affect Petrobras’ fuel supply in Brazil.
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.
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.
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.”
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.
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.
The “Tanker Voyager I” which was amongst the suspected vessels of Brazil’s oil spill is alleged to have been in India at the time of the incident, according to the company’s statement.
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.
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