Petrobas CEO to Deliver Keynote Address at Nor-Shipping 2013

MarineLink.com
Wednesday, May 15, 2013
Photo: Petrobras

Petrobras CEO, Maria das Graças Silva Foster – named one of the world’s 100 most influential people by Time magazine in 2012 – will be a keynote speaker for the New Frontiers roundtable at Nor-Shipping’s Agenda Offshore conference on June 5.

Foster will be joined by top executives from two other world-leading oil and gas companies. Statoil CEO Helge Lund and Royal Dutch Shell Upstream International Director Andy Brown will speak at the event, the second time Nor-Shipping hosts a conference connecting the offshore industry and the maritime industry.

This is a testament to the increasing interdependence of the offshore oil and gas industry and the maritime industry’s technology and equipment suppliers. As they develop offshore reservoirs, many petroleum companies will look to Norway – home to the world’s second-largest and most modern offshore fleet – for technological expertise.

Norway can be the “poster child” for how Brazil develops its offshore oil and gas fields, Pete Miller, CEO of National Oilwell Varco, said during the 2011 Agenda Offshore conference. Then Petrobras CEO José Sergio Gabrielli stole the show at Nor-Shipping 2011 as he shared his visions for Brazil as the world’s fastest growing offshore market.

Brazilian oil giant Petrobras will need the help of Norwegian and other foreign offshore service suppliers as it develops fields. Business ties between Brazil and other maritime nations have continued to expand since Nor-Shipping 2011, especially within shipping and offshore. In January of this year, Brazil and Norway signed a Memorandum of Understanding aimed at promoting closer institutional cooperation. The agreement signed by Petrobras and the head of Norwegian export credit agency GIEK allows for up to $1 billion in credit guarantees to cover exports from Norwegian companies to Petrobras.

Brazil, the hotspot for offshore service providers, is not expected to cool off any time soon. Petrobras aims to double its reserves to 31.5 billion barrels of oil equivalent in coming years, CEO Foster said earlier this month. Output in Brazil, which stood at 2.2 million barrels of oil equivalent (oil and gas) per day in 2012, is expected to reach 5.7 million in 2020, largely on the back of pre-salt developments. "We (Petrobras) made 53 discoveries in Brazil in the last 14 months. In the pre-salt alone there were 15," she said.

Since its creation in 1953, Petrobras has a track record of overcoming challenges as it explores and produces in deep and ultra-deep waters, where upwards of 90 percent of its reserves are located. As she unveils plans for Petrobras at Nor-Shipping, all eyes will be on Foster –recognized by Forbes Magazineas the 20th most powerful woman in the world in 2012 and nicknamed “the Iron Lady of Oil”.

www.nor-shipping.com

www.petrobrasusa.us

  • Photo: Petrobras

    Photo: Petrobras

Maritime Today


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

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

Energy

Hess sells Shannon LNG Terminal

New York-based energy company Hess has sold Shannon LNG, a proposed gas-import terminal in County Kerry, Ireland’s Sunday Independent has reported.   The newspaper

ALMACO Wins Statoil Order for 450 Cabins

ALMACO Group was awarded the contract to build 450 NORSOK-compliant Modular Cabins for Statoil’s Johan Sverdrup fixed platform at Apply Leirvik’s yard in Stord, Norway.

Oversupplied Market Eyes Floating Storage Opportunities

Brent oil price reached lows of $27/bbl in mid-January, but has recovered over the past two weeks to above the $30/bbl mark. Nevertheless, volatility is expected

People in the News

Insights: Benny Cenac, Jr., Owner & CEO, Cenac Towing Company

Arlen “Benny” Cenac Jr. is a third-generation owner of Cenac Towing Company. The firm, originally founded in 1927 by his grandfather, now does business as Cenac Marine Services.

PVA Elects 2016 Leadership

During the PVA Annual Convention at MariTrends 2016 held January 23-26 in Crystal City, Va., members of the Passenger Vessel Association (PVA) elected Margo Marks of Beaver Island Boat Company,

First Women's Expedition to the Arctic

Company "MyArctic-expeditions" organize the first women's expedition to the Arctic Ocean. The expedition will start on March 5 in the capital of the Nenets Autonomous

Offshore Energy

China's LNG Demand Falls

China's import of  liquefied natural gas (LNG) fell 1.1% in 2015, marking the first year-on-year decline since imports began in 2006, according to a report by

ALMACO Wins Statoil Order for 450 Cabins

ALMACO Group was awarded the contract to build 450 NORSOK-compliant Modular Cabins for Statoil’s Johan Sverdrup fixed platform at Apply Leirvik’s yard in Stord, Norway.

Three Dead on Pemex Platform, Fire Under Control

Three workers were killed and at least seven injured when a fire broke out on a Pemex oil processing platform in the Gulf of Mexico, but the latest in a string of incidents is now under control,

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair 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: 0.1044 sec (10 req/sec)