Petrobras and China’s CNCEC to Collaborate on Oil and Gas, Renewables

Thursday, April 18, 2024

Brazil’s state-run energy company Petrobras signed a memorandum of understanding (MoU) with the China National Chemical Energy Company (CNCEC) covering several areas, especially renewable energies and energy transition.

The partnership also provides for the evaluation of potential commercial agreements in the areas of oil exploration, fertilizer production from natural gas and other sources, and production development.

Furthermore, the MoU covers potential collaboration on refining, biorefining and petrochemicals, engineering, construction and services, as well as research, development and innovation.

The agreement, for which no further details were revealed, will last two years and will be activated immediately with the joint analysis of fertilizer and petrochemical assets.

Categories: Renewable Energy Industry News Activity South America Asia Oil and Gas

Related Stories

Cyan Renewables, Hyundai to Set Up Offshore Wind Vessel Suply Chain in South Korea

Vard to Build Two CSOVs for Taiwanese Client

Diamond Offshore Agrees Marketing Rights for Three Drillships

Current News

Women in Maritime Day: Shaping the Future of Maritime Safety

New Dutch Coalition Aims for More Offshore Gas Extraction

Iberdrola to Triple Offshore Wind Assets

ABS Wavesight eLog Books for Offshore Drilling

Subscribe for OE Digital E‑News