Brazil Govt Will Promote Recovery in Shipbuilding, Oil & Gas, President Lula Says

Rodrigo Viga Gaier
Tuesday, February 7, 2023

Brazilian President Luiz Inacio Lula da Silva said on Monday his government would promote recovery in the country's shipbuilding and oil and gas sectors, with more investment from state-run oil firm Petrobras SA  and development bank BNDES. 

"Petrobras will return to invest here in Rio de Janeiro and the BNDES will invest more in the country's productive sectors," he said during the inauguration of a health facility in Rio de Janeiro state. 

(Reuters - Reporting by Rodrigo Viga Gaier; Editing by Sarah Morland)

Categories: Shipbuilding Energy Industry News Activity South America Regulations

Related Stories

McDermott Lines Up Qatar’s Decom Job Covering 27 Offshore Platforms

Coastal Virginia Offshore Project Costs Increases to $11.5b

Seadrill Firms Up Offshore Drilling Workload with Multi-Region Contract Awards

Current News

Shell Sells 20% Stake in Offshore Orca Project to Kuwaiti Foreign Petroleum Exploration Company

Seatrium Wraps Up AmFELS Yard Sale

Strategic Marine Delivers CTV for Taiwan’s Offshore Wind Sector

Eni Enlists Shearwater for 3D Seismic Survey in Timor Sea

Subscribe for OE Digital E‑News