Oil And Gas Exploration Projects News

The total volume of cargo tranported by sea in Brazil from January to September 2017 was pegged at 800 million tons, according to a survey by the National Agency of Waterway Transportation (Antaq). A large number of oceangoing and cabotage ships are needed to move such a volme and many of these ships will need repairs of various kinds. Having identified a positive demand for international standard ship repair facilities in the South Atlantic basin, McQuilling Services, headquartered in New York, will be leading a project to invest nearly a billion in Lucena, on the coast of the northeast state of Paraíba, for the installation of the Brazil Basin Drydock Company (BBDC) repair yard projects.

The melting Arctic presents a geopolitical challenge and it is the last bit of unclaimed land left on our quickly heating globe. A report in the Worldcrunch analyses why China is suddenly so interested in the Arctic. China is now becoming more involved primarily because of issues related to climate change, shipping and natural resources. China will also play an important role in exploiting the region's resources. Norway's Foreign Affairs Minister Borge Brende says China's growing economic affairs and scientific community will demand that the country become increasingly involved in issues related to the Arctic. Another reason Asian countries are paying more attention to the Arctic is because more shipping lanes could open as ice disappears.