Petrobras to Unveil Offshore Oil, Gas Plan

Thursday, January 12, 2006
Petrobras plans to announce oil and natural gas exploration and production plans for the Santos Basin today in Santos, Brazil, home to Latin America's largest port. The Santos Basin contains Brazil's largest proven gas reserves. Brazil gets about half of its natural gas, 24 million cubic meters a day, from Bolivia where unrest has threatened supplies and new taxes have raised costs. A shortage of natural gas in Brazil is already forcing companies to consider expansion abroad. Petrobras' $56 billion plan to almost double oil and gas output by 2010 includes provisions to boost Brazil's gas-fired electricity generation capacity. If Brazil fails to expand generation capacity, it faces economic slowdown and energy shortages as early as 2008, according to Bloomberg. (Source: Bloomberg)

People & Company News

Japanese Yards Mull Shipbuilding Alliance

Four major Japanese shipbuilders are in discussions to form an alliance in hopes of riding out the industry slump.   Mitsubishi Heavy Industries, Ltd. (MHI) announced

MN100: Scienco/FAST

The Company: Scienco/FAST is an original equipment manufacturer specializing in marine sewage devices, environmentally-friendly cleaners and other industrial water management technologies.

MN100: MOPS Marine License Insurance

The Company: Since 1935, MOPS Marine License Insurance has defended the USCG licenses of mariners operating in every maritime sector in the United States. Its network of over 80 maritime law firms,

 
 
Maritime Contracts Naval Architecture Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0693 sec (14 req/sec)