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

Energy

India's Reliance Q4 Sales Rise

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue.

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

New sanctions threats as Ukraine stalemate goes on

A day after an international deal in Geneva to defuse the East-West crisis in Ukraine, pro-Russian separatists vowed not to end their occupation of public buildings

People in the News

Coast Guard tactical air squadron holds change of command ceremony

Capt. Kevin P. Gavin relieved Capt. Donna L. Cottrell as commanding officer of Coast Guard Helicopter Interdiction Tactical Squadron Jacksonville during a change of command ceremony at HITRON Friday.

Captain of capsized S Korean Ferry Arrested

The captain of a South Korean ferry that capsized, leaving 29 people dead and 274 others missing, was arrested on Saturday, the country's Yonhap news agency said.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Offshore Energy

Shell Commited To Russia Expansion Despite Sanctions

Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Years After BP U.S.Oil Spill: Compensation Battle Rages

Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar
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: 0.1684 sec (6 req/sec)