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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Symphony Sun’ Launched in Leer

On Friday the 29th of April, Nb. 420 was launched in Leer. She was christened ‘Symphony Sun’ and is the fourth vessel in a series of 6 that will be delivered to Symphony Shipping.

SCHOTTEL Debuts EcoPeller with High-torque Gears

Propulsion and steering systems manufacturer SCHOTTEL has unveiled its new EcoPeller (SRE), which it said offers improved efficiency and robustness. Playing a

Fincantieri Delivers Carnival Vista

Carnival Vista, the new flagship of the fleet of Carnival Cruise Line, brand of the Carnival Group, was delivered today at Fincantieri’s shipyard in Monfalcone.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Port Authority Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.0545 sec (18 req/sec)