Estimates are exceeded as Petrobras announces a first half net income of solid 21.9 billion reais Monday, up 37 percent from last year.

The Deepsea Metro II, a deepwater drillship belonging to Odfjell Drilling and its ship management partner Metrostar will be in Brazilian waters with Petrobras later on this year. The vessel, currently under construction in South Korea, is scheduled for delivery in November. It is Odfjell’s first drillship in Brazil, as well as its first operation for Petrobras [...]

Foreign Minister Jonas Gahr Støre and Minister of the Environment and International Development Erik Solheim were in Brazil last week presenting the Norwegian government’s strategy for Norway’s cooperation with Brazil. In a lunch event planned and hosted by the Norwegian Brazilian Chamber of Commerce at Rio de Janeiro’s Yacht Club, Minister Støre [...]

Historically, relations between Brazil and Norway have been very harmonic and the future is extremely promising”, said Armando Mariante, Vice President of the Brazilian National Development Bank, BNDES, at the opening of the seminar “Financing Alternatives for International Cooperation and Fostering of New Business”, which took place at the bank’s auditorium in Rio de Janeiro’s downtown on February 18th [...]

To discover the key to do business in Brazil, Norwegian business people gathered at the Marriot Hotel in Copacabana on February 16th. Organized by Innovation Norway in cooperation with NBCC, the event drew an array of business people from Norway to observe presentations from those already operating successful companies in Brazil as well as local experts in the law, finance and shipping industries [...]

Subsea 7 announced Friday the award of two contracts from Petrobras for activities in Brazil’s offshore sector. These are the first contracts awarded to the seabed-to-surface engineering, construction and services contractor since it merged with Acergy S.A. earlier this month. Both contracts are extensions of previous Acergy contracts, as the Senior Vice President for Subsea 7 in Brazil, Victor Bomfim, points out [...]