Statoil and Petrobas to Collaborate

Friday, September 14, 2007
Statoil and the Brazilian oil company Petrobras have signed a long-term strategic collaboration agreement for exploration and production as well as biofuels.

The memorandum of understanding (MoU) was signed in Oslo on September 14 by Helge Lund and José Sergio Gabrielli de Azevedo, chief executives of Statoil and Petrobras respectively. The companies already have several partnership agreements within exploration and production in Brazil, Angola, Nigeria and the Gulf of Mexico. The partners also formed a technology partnership in 2003 that includes drilling, exploration and subsea operations.

The new collaboration involves both companies studying several oil and gas business development opportunities, in Brazil and internationally. The two companies are also working together on a corporate social responsibility (CSR) project in Brazil. Statoil wants to involve itself in the forward-looking production of biofuels that satisfies the company’s sustainability and social responsibility requirements. Through the collaboration with Petrobras, the aim is to concretize project opportunities for bioethanol as well as contributing to technology development and certification requirements. This will help make biofuels an even more sustainable supplement to fossil fuels in the transport sector.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Deep Sea Supply takes Delivery of 'Sea Triumph'

The Deep Sea Supply  took delivery of the newbuilding Platform Supply Vessel 'Sea Triumph'  on Thursday 18 September.  The vessels 'Sea Triumph' is a STX 05-L

Lilaas Engages Imtra for N. American Distribution

Strong prospects in the North American marine equipment market have triggered a new importation and distribution agreement between control specialist Lilaas

Ingram Barge Order 20 Tank Barges for 2015

Ingram Barge Company say they will be building 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank barges have come through acquisitions,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0849 sec (12 req/sec)