SBM Offshore (SBMO.AS) wrapped up negotiations with Petrobas for two floating oil and gas production vessels, Reuters reported Thursday, citing Magda Chambriard, chief executive officer of Brazil's state-controlled oil company.
Chambriard said the parties will soon sign the deal for the vessels, set to be named P-81 and P-87, which will be used for the Sergipe deepwater project in Brazil.
Mitsui & Co. is seeking investment opportunities in liquefied natural gas projects across the Middle East, the US and Australia as growing demand from data centers boosts power consumption, Bloomberg reported Thursday.Chief Executive Kenichi Hori told Bloomberg the Japanese trading house is considering both equity investments and LNG offtake agreements as part of its expansion strategy.Hori said companies building artificial intelligence infrastructure are creating significant additional demand for LNG, according to the report.Bloomberg reported Mitsui is evaluating new energy investments under its latest mid-term strategy and may increase leverage to fund growth, citing its strong balance sheet.