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Brazil to deploy world’s first floating oil terminal

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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.

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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.

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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.

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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.

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… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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‘Making things worse’: National Farmer’s Union chief unloads on Trump in blistering statement on trade war

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Roger Johnson, the president of the National Farmers Union, delivered a blistering rebuke to President Donald Trump after he responded to new tariffs from China by issuing a purported "order" telling American companies to look for alternative places to manufacture their goods.

In an official statement, Johnson pointed out that farmers so far have felt the brunt of the president's trade war, as China has slapped heavy tariffs on key agricultural products such as soybeans.

He also crushed the president for failing to make any progress on reopening the Chinese market to American goods.

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‘Pretty brutal day on Wall St’: CNN explains impact of Trump’s trade wars and Twitter tirades

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On Friday, President Donald Trump went on a Twitter tirade against China.

....better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..

— Donald J. Trump (@realDonaldTrump) August 23, 2019

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Google tells workers to avoid arguing politics in house

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Google on Friday told employees to focus on work instead of heated debates about politics with colleagues at the internet company, which has long been known for encouraging people to speak their minds.

Updated workplace guidelines for "Googlers" called on them to be responsible, helpful, and thoughtful during exchanges on internal message boards or other conversation forums.

"While sharing information and ideas with colleagues helps build community, disrupting the workday to have a raging debate over politics or the latest news story does not," the updated guidelines stated.

"Our primary responsibility is to do the work we?ve each been hired to do, not to spend working time on debates about non-work topics."

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