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.

Brazil’s largest-ever oil deposits auction falls flat

The largest-ever oil deposits auction of Brazil flopped, as state-controlled Petroleo Brasileiro SA, Petrobras, did most of the bidding while other major oil companies stayed away. Petrobras together with China’s Cnooc Ltd. and China National Oil & Gas Exploration & Development Co. submitted the winning bid for the prize of the auction, the giant Buzios field. Also, Petrobras was the only bidder for the Itapu block, while other oil majors, including Exxon Mobil Corp. didn’t make any bids, also Sepia and Atapu, received no bids.

Five vessels in the spotlight in relation to Brazil oil spill

Speaking to the news agency AFP, a spokeswoman for the Greek coastguard said the investigation conducted in Brazil, indicated showed that five vessels from different countries are suspects for the large oil spill, including a Greek one.

Greek-flagged tanker denies accusations on Brazil’s oil spill

Following the two months of environmental disaster in Brazil after an oil spill, investigators suggested that a greek-flagged tanker, carrying Venezuelan oil, is the main suspect of this polluting situation. Yet, the Greek Company, Delta Tankers Ltd. denies all accusations supporting that their vessel reached its destination without any problem. 

Brazil’s oil spill remains a mystery

Almost two months have passed since a thick black sludge was first seen in the Pernambuco coast; Still, the government of Brazil hasn’t found the main factor of the oil spillage. As a result, it keeps infecting the shores in northeastern Brazil and polluting more than 100 beaches, counting some of the country’s most popular.

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 set for oil spill contaminating Brazil’s beaches

An oily substance in the form of lumps of black tar has been found on an extensive area of Brazil’s North Eastern coast, as reported by Proinde, club correspondents. The Brazilian Navy’s Integrated Maritime Safety Centre is carrying out an investigation on the maritime traffic in the area comprising of about 36,000 square nautical miles in Brazil’s exclusive economic zone, targeting mostly oil tankers.

Vast oil spill affects beaches in Brazil

Brazil informed on September 27, that an oil spill has contaminated beaches and coastline across eight Brazilian states. However, Brazilian authorities are not about where the oil originated from, with Brazil’s oil agency ANP believing that it may have been spilled by a tanker.

G20 growth falls to 0.7% in Q2 of 2019

Growth of real gross domestic product (GDP) in the G20 area reduced to 0.7% in the second quarter of 2019, in comparison to 0.8% in the previous quarter, according to OECD provisional estimates. On the other hand, GDP growth showed a strong increase in South Africa and Korea, to 0.8% and 1.0%, respectively.

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