Tag: Petrobras

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Rystad Energy: Offshore O&G sector experiences highest growth in a decade

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.

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Maersk drawn into Petrobras bribery investigation

Maersk is accused of paying $3.4m on bribes to get shipping contracts from the Brazilian energy giant, Petrobras, which has been caught up in a multi-billion dollar bribery case for years. Namely, Maersk has confirmed that its offices in Rio de Janeiro and Sao Paulo have been searched by the Brazilian Federal Police, adding that it will fully cooperate with the authorities, in relation to the allegations regarding the payment of bribes to national oil company Petrobras over a 10-year period through to 2012.

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