Petrobras must play its part to invest in other less capital-intensive sustainability efforts to reduce emission, says GlobalData.
The company has entered into a partnership with Deepsea Technologies Equipamentos Industriais Ltda to represent its operations in Brazil as part of its long-term growth strategy in South America.
Monti has entered into a joint venture agreement with Tecnofink LTDA to market and sell Monti products in Brazil.
Deteriorating financial situation due to COVID-19 leads to productivity decline of South American oil and gas pipeline sector, says GlobalData.
The company has announced an agreement with Petrobras to extend the current long-term day-rate contracts for three pipelay support vessels.