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Brazil

News on Brazil.

Statoil bets big on Brazilian oil

Statoil has great ambitions for Brazil where the company has now bought a bigger stake in field Caraca. In the long term, Statoil wants to achieve a daily output of around 700,000 barrels per day in Brazil, reports Dagens Næringsliv.

Brazilian president charged with accepting bribes

Michel Temer is facing mounting pressure shortly after secret recordings officially drag the president into the Petrobras scandal. He could remain in office despite minimal support from the population,

Maersk Energy considering sale of Brazilian activities

Maersk Energy is considering a sale of its Brazilian oil and gas activities, CEO Claus Hemmingsen tells Reuters. He also projects that the split of the energy unit will result in individual "stand-alone" companies, as it is difficult to locate any synergies.

Svitzer increases activities in Brazil

Svitzer will more than double the number of tugs under Brazilian flag, so that the fleet will reach ten vessels by the end of the year. The Maersk Group's carrier is also expanding its Brazilian business, which has secured two new execs.

Vale to open world's largest mining project January

Brazilian miner Vale inaugurated the largest project ever in the mining industry over the weekend. The mine, Eliezer Batista, represents combined investments of more than USD 14 billion and is expected to commence operations in January 2017.

Iron giants to add 200 million tons of supplies through 2020

Australia and Brazil, the world's two top iron-ore exporters, will add close to 100 million tons to their supply over the next ten years in a development that looks set to put pressure on the prices, and thus smaller miners, notes Citigroup Inc.

Will an impeachment of Roussef shatter Brazil's oil dreams?

On Sunday, a political majority in Brazil could vote to impeach the country's president, Dilma Roussef. ShippingWatch has spoken to several key players in the country's oil capital Rio de Janeiro about whether the political collapse also marks a final blow to the once-promising oil nation.

Deep Sea Supply forced to idle more ships

Norwegian Deep Sea Supply is hard hit by the low activity in the North Sea along with Brazil's favoritism of the country's own offshore vessels in the South American oil market. Thus the company will be forced to idle more ships in the coming months.

Maersk Line invests big-time in its reefer fleet

Maersk Line is investing in thousands of new reefer containers for, among other trades, the highly lucrative market out of Latin America which currently finds itself under pressure. ShippingWatch has interviewed the carrier's new Global Head of Reefer Management, Shereen Zarkani.

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