Brazil will ban fires in the Amazon forest for 120 days, heeding the demands of global investors upset over environmental destruction, the government said Thursday. A formal decree banning fires will come next week. Brazilian Vice President Hamilton Mourao made the announcement Thursday with several European firms. He cited a letter signed by 29 firms — some of whom are threatening to cut all investment in Brazil unless the environmental degradation stops. “It’s a positive first step, and we need to continue the dialogue, and hopefully we’ll all see some results on the ground,” said Jeanett Bergan, head of responsible investments for KLP, Norway’s largest pension fund.

Jul 10, 2020 - Seanews

Kawasaki Kisen Kaisha (“K” Line), has concluded agreements with Yinson Acacia Ltd, a wholly-owned subsidiary of Yinson Holdings Berhad,　a Malaysian energy services provider and Sumitomo Corporation, to participate in the floating production, storage and offloading (FPSO) owning and chartering business for the Marlim II Project, offshore Rio de Janeiro. The Marlim field is operated by Brazilian national oil company Petrobras. Upon stable operations of the FPSO being achieved in 2023, “K” Line will have around a 10% stake in the FPSO venture. The FPSO is planned to serve the Marlim oil and gas field revitalization project, which is operated by Petrobras and situated 150 kilometers off the Brazilian coast in the Campos Basin.

Jul 10, 2020 - Argus

Brazil's hydrocarbons regulator (ANP) will resume an open season for access to the Bolivia-Brazil natural gas pipeline (Gasbol). The process was suspended in late March because of uncertainty over gas demand amid the pandemic. The ANP will release auction terms on 10 July and potential bidders will have until 24 July to express interest in participating. The ANP plans to issue the results of the tender offer by 13 August, with the goal of signing contracts by 27 August. According to the current timeline, third-party access to the 2,593km (1,610mi) pipeline will begin on 1 September.

Jul 10, 2020 - Rigzone

Golar Power and Galileo Technologies earlier this month formed a strategic alliance that will expand liquefied natural gas (LNG) distribution in Brazil. Under the alliance, Golar Power plans to increase the share of local LNG in its supply in Brazil by switching from diesel fuel, liquefied petroleum gas (LPG) or heavy fuel oil (HFO) to natural gas, the companies noted in a written statement emailed to Rigzone. Moreover, they stated the deal calls for deploying Galileo’s “Gas 3.0 Solutions” suite of products comprising gas conditioning, distributed LNG production, LNG filling stations and regasification plants. According to the companies, initial activities under the deal include Golar ordering two micro-LNG clusters from Galileo.