SOUTH AMERICA

Besieged Brazil to lead FPSO surge

THE ongoing corruption scandal that continues to dog haemorrhaging Brazilian state oiler Petrobras will not stop it from driving global growth in the floating production, storage and offloading vessel industry, according to GlobalData.

Anthony Barich

Petrobras registered its biggest ever loss in 2014, partly due to the write-down resulting from the corruption scandal, which in turn resulted in spending cuts on its future projects. GlobalData's latest...

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