Unreported Tanker Collision in Brazil Reveals Offshore Regulatory Gaps

By Alexandra Alper and Marianna Parraga RIO DE JANEIRO, Nov 28 (Reuters) - Brazil has more than doubled the number of risky ship-to-ship oil transfers this year, but its monitoring of such offshore maneuvers is lax, to a point where a July 2017 collision between two tankers was not reported, according to a Reuters review of government and shipping records. Transfers are … [Read more...]

Brazil’s New President Set for Offshore Oil Windfall

By Sabrina Valle (Bloomberg) -- Brazil’s President-elect Jair Bolsonaro is staring at an oil windfall. After a decade of stagnant production, Brazil’s offshore mega-projects are about to deliver a double whammy with exports set to surge and Brent prices comfortably above $70 a barrel. This means more revenue for a country beset with fiscal deficits, and more activity in a … [Read more...]

Exxon Makes Major Bet on Brazil as Petrobras Eases Its Grip

By Sabrina Valle and Kevin Crowley (Bloomberg) -- In a single year, Exxon Mobil Corp. has gone from being a tiny bit player in Brazil to the second-largest holder of oil exploration acreage, trailing only state-controlled Petroleo Brasileiro SA. The last 24 concessions the U.S. giant bought with its partners may hold 41 billion barrels, based on preliminary … [Read more...]

Maersk Container Overbookings Delay Brazilian Exports

by Marcelo Teixeira (Reuters) - Brazilian exporters are facing delays shipping goods transported in containers, including coffee and cotton, due to overbooking, the world’s largest container shipping company, A.P. Moller-Maersk,  said on Monday. In a report on its operations in Brazil, Maersk said exports fell for the second quarter in a row, citing the practice of some … [Read more...]

Coffee Exporters Struggle to Find Ships for Brazil’s Bumper Crop

By Marcelo Teixeira and Marcy Nicholson SAO PAULO/NEW YORK, Aug 23 (Reuters) - Brazilian coffee exporters are struggling to find shipping capacity to transport a bumper crop from the world's top producer, which could result in supply delays to roasters worldwide. Abundant overall supplies in consuming countries, however, will limit any near-term impact from shipping delays … [Read more...]