Chinese eastern port of Qingdao and Brazilian oil and gas firm Petrobras have inaugurated a bonded spot crude oil depot at Dongjiakou port area of Qingdao Port.

Oil major Chevron has revealed that it will offer the IMO 2020-compliant 0.5% sulphur bunker fuel by the end of the third quarter, reports said.

Petrobras completed its first transhipment operation in a non-owned terminal, at the Açu Petróleo Petroleum Terminal (T-OIL) located in the Açu Port Complex in the north of the state of Rio de Janeiro.

Brazilian state oil firm Petrobras has produced and supplied its first batch of IMO 2020-compliant bunker fuels of 0.34% sulphur content, it has been reported.

Petrobras and Açu Petróleo, have signed a contract to carry out ship to ship operations at the company's Petroleum Terminal (T-OIL), located in the complex of Port of Açu.

BW Offshore has sealed an agreement to acquire 70% of Brazil’s Maromba offshore field for a price of $90m from Petrobras.

As the offshore market starts to turn the corner some 33 FPSO projects are expected to be sanctioned over the next three years according to analysts Rystad Energy.

Aker Solutions, a global provider of products, systems and services to the oil and gas industry, has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil's pre-salt area.

The Middle East market as well as the offshore accommodation (OA) vessels segment has done well for PACC Offshore Services Holdings (POSH), with all the offshore supply vessels (OSVs) assigned to the region fully deployed on long-term charters and the group’s two semi-submersible accommodation vessels achieving high rates and utilisation levels.

Mitsui OSK Lines (MOL) is making a full fledged foray in the subsea support vessel sector taking a stake in AKOFS Offshore.

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