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 May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Lifting of US Crude Oil Export Ban Possible within Year

The U.S. Congress could lift the 40-year old ban on domestic crude oil exports within a year as a drop in gasoline prices and the potential return of Iranian

Duke Energy to Help Develop Jeffersonville Port Site

Duke Energy Indiana has selected a 140-acre parcel of land inside the Port of Indiana-Jeffersonville in Clark County for the utility's 2015 Site Readiness Program.

Fluxys LNG Launches Zeebrugge Capacity Consultation

Belgian gas infrastructure operator Fluxys said on Thursday it was launching a market consultation to assess demand for additional capacity at the Zeebrugge liquefied natural gas terminal in Belgium.

People in the News

UNOLS Seeks Nominations for Council Positions

The University-National Oceanographic Laboratory System (UNOLS) is an organization of academic oceanographic institutions working in cooperation with agencies of the U.

Savannah Harbor Expansion Project Update

Lt. Gen. Thomas Bostick, commander of the U.S. Army Corps of Engineers, visited the Port of Savannah on Thursday, for an update on the Savannah Harbor Expansion Project (SHEP).

Entries Sought for SHIPPINGInsight Award

Entries are now being accepted for the 2015 SHIPPINGInsight Award, which will be presented at the SHIPPINGInsight Fleet Optimization Conference & Exhibition, Oct.

Offshore Energy

Lamprell to Implement Software for Automated Manufacturing

U.A.E based offshore jackup rig builder Lamprell Energy Ltd., will implement SSI's EnterprisePlatform software solution to allow its engineering team to automate manufacturing processes.

Five Years on from Macondo

An interview with NOIA’s Randall Luthi provides unique perspective on where the offshore energy business has been, where it is now, and where it could be headed next.

Offshore O&G: Weathering the Storm

Vessels are stacked as Gulf oil operators retrench and day rates fall. In the Gulf of Mexico, vessels serving offshore oil-and-gas exploration and production are

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction 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: 0.3001 sec (3 req/sec)