Finance

FPSO financing squeeze threatens Petrobras production drive

Brazilian oil giant tries to take some of the strain faced by FPSO charterers but more is needed, suppliers say

Drying well: BNP Paribas, a traditional source of financing for the oil sector, became the latest bank to close its door to fossil fuels as part of a shift toward low-carbon energies among European lenders
Drying well: BNP Paribas, a traditional source of financing for the oil sector, became the latest bank to close its door to fossil fuels as part of a shift toward low-carbon energies among European lendersPhoto: UPSTREAM/RYTIS DAUKANTAS
  • Gareth Chetwynd
London/Houston
Published 18 May 2023, 12:09Updated 21 May 2023, 22:03
BrazilPetrobrasOcyanCOOECSBM Offshore