Petrobras plans to invest $68bn to increase oil production in pre-salt area

Petroleo Brasileiro (Petrobras) this week revealed its new strategic plan for 2022 to 2026. The plan includes a significant increase in the company’s expected spending, largely to expand oil production from the subsea pre-salt area. Petrobras projects an overall investment of $68bn over the next...

Eneva and Servtec propose to build LNG terminal at Brazil’s Port of Itaqui

Brazilian energy company Eneva has signed an exclusivity and cooperation agreement with Servtec Investimentos e Participações Ltda. for the development of an LNG terminal at or near the Port of Itaqui. The final investment decision on the terminal is subject to the completion of technical studies...

VESSEL REVIEW | Guanabara MV31 – Ex-VLCC undergoes comprehensive refit for FPSO duties

China State Shipbuilding Corporation (CSSC) has completed conversion work on a floating production storage and offloading (FPSO) vessel on behalf of Japanese design and e ..

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