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Brazilian miner Vale to spend up to $6 bln to reduce emissions by 2030

Brazil s Petrobras to raise gas production, imports amid drought | Hellenic Shipping News Worldwide

Brazil s Petrobras to raise gas production, imports amid drought | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Brazil s Petrobras to keep flexible fuel price policy

3 Min Read RIO DE JANEIRO (Reuters) -Petroleo Brasileiro SA will leave its fuel pricing policy unchanged, the company’s new trading chief said on Friday, which in practice gives the company significant flexibility to avoid international market volatility when it sets prices. FILE PHOTO: A logo of Brazil s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo In 2020, Petrobras, as the Rio de Janeiro-based firm is known, extended from three months to one year the period for which it calculates the international price parity of the fuels it sells.

Report: SBM Offshore Only Bidder For Petrobras Mero 4

Illustration only; An FPSO offshore Brazil - Credit: Ranimir/AdobeStock - The image has been cropped Brazil s state-controlled oil company Petrobras received only one proposal, from Dutch SBM Offshore, in a bid to contract construction of the Mero 4 oil platform [FPSO] in the Santos Basin pre-salt, two sources with knowledge of the matter told Reuters. Petrobras business plan foresees Mero 4 entering operation in 2025 with a capacity to produce 180,000 barrels of oil a day. Petrobras and SBM declined to comment. One of the sources commented that it is the first time in a long time that Petrobras has received only one proposal in a bid, a sign that the platform chartering market may no longer have as much room to absorb new demands.

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