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

© Salty View / Adobe Stock
© Salty View / Adobe Stock

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.

Current News

SLB Narrowly Beats Quarterly Profit Estimates

SLB Narrowly Beats Quarterly P

Vard Books Construction Order for CSOV Pair

Vard Books Construction Order

ABL to Deliver Grid Works for 600MW French Offshore Wind Farm

ABL to Deliver Grid Works for

Cadeler Adds Wind Keeper WTIV to Fleet, Locking in Long-Term Vestas Deal

Cadeler Adds Wind Keeper WTIV

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine