RIO DE JANEIRO — Brazil’s state-owned energy giant Petrobras said Tuesday it will deploy the world’s first floating oil terminal capable of refueling tankers on the high seas.
“The new technology will ensure lower costs, by reducing the distance covered by oil transport vessels,” the company said in a statement.
Currently, crude oil must be ferried from offshore rigs to the coast where tankers come to fill up.
But the new “Transfer and Storage Offshore Unit will make it possible to store oil on the high seas and to transfer it to export vessels,” the statement said, adding that the first terminal will be operational in June 2014, 90 kilometers (55 miles) off Rio de Janeiro.
The terminal will sit on a vessel stationed near the drilling rigs and be capable of storing two million barrels, equivalent to Brazil’s daily production.
The unit, under construction in China, is expected to cost $318 million, plus the cost of chartering the vessel.
Brazilian press reports said the Petrobras project should secure speedy official approval as its socio-environmental impacts will not be assessed.
“The project was developed due to the need for new logistical solutions to export Brazilian oil,” the statement said.
Brazil, the world’s sixth largest economy, hopes to boost its oil production from around two million barrels a day currently to nearly five million by 2020, largely thanks to the huge offshore oil reserves it discovered in 2006.
The National Petroleum Agency estimates that the so-called “pre-salt” reserves could hold more than 100 billion barrels of high-quality recoverable crude and could turn Brazil into one of the world’s top exporters.
Less than 10 percent of oil production currently originates in the pre-salt layer.
State Department retaliated against NPR by kicking reporter off Mike Pompeo’s plane: report
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According to PBS "Newshour" reporter Nick Schifrin, the State Department kicked NPR diplomatic correspondent Michele Kelemen off of Pompeo's jet.
"State Department removes NPR’s Michele Kelemen from Sec. Pompeo plane--where she was scheduled for a pool radio rotation--during upcoming trip to London, Kiev," Schifrin reported.
AFP State Department correspondent Shaun Tandon blasted the move on behalf of the State Department Correspondent's Association.
Trump’s lawyers slammed by CNN’s Toobin for ‘parade of lies’ about Biden’s involvement in Ukraine
On CNN Monday, chief legal analyst Jeffrey Toobin argued that the White House team's defense in the impeachment trial was disastrously bad.
"I thought Attorney General [Pam] Bondi did an effective job of showing how sleazy the hiring of Hunter Biden was," acknowledged Toobin. However, he added "her discussion, and Eric Herschmann's discussion, of the role of Joe Biden, vice president at the time, was a parade of lies. Just outrageously false in every fact, in every insinuation ... this idea that he engineered the fire firing of [Ukrainian prosecutor] Viktor Shokin to get his son in. Since Joe Biden is the one who is running for president, that seems to be enormously important."
Republicans claim Democrats leaked John Bolton’s book that was given to the White House — then quickly back down
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Speaking in a line of Republicans, Rep. Mark Meadows (R-NC) explained that it was clear Democrats were part of some kind of conspiracy to turn senators against the speedy trial the White House wanted. With the revelation that Bolton confirmed President Donald Trump was indeed trying to bribe Ukraine, a very few Republican senators are more willing to call him as a witness.
The problem, of course, with Meadows' accusations is that the manuscript was never sent to Democrats. According to the New York Times report, Bolton sent the book to the White House for security checks to ensure nothing he put in the book was classified.