Category
Petrobras
Tenders, contracts, charters and Petrobras' movements.
Reporting and curation by Westhon Media
Baker Hughes extends deal with Petrobras
Baker Hughes has announced the expansion of its contract with Petrobras to provide integrated well construction solutions across oilfields in Brazil’s Santos Basin. The agreement strengthens the company’s role in offshore operations linked
MARKET NOTE | OFFSHORE & MARINE
Petrobras has officially postponed the closing date for Opportunity No. 7004345558, related to the chartering of up to two AHTS vessels along with the provision of specialized technical services. The bid, originally scheduled to close today
Saipem and Petrobras – MoU focuses on Brazil decomissioning
Saipem and Petrobras have signed a one-year Memorandum of Understanding (MoU) to evaluate and potentially develop integrated solutions for decommissioning activities in Brazil. The agreement covers well abandonment and plugging operations,
Capital Marítima announces Petrobras contract
Capital Marítima has announced a new contract with Petrobras, marking a significant step forward in the company’s expansion within Brazil’s offshore support market. The agreement involves the vessel Ace Defender, a Platform Supply Vessel (P
Special WSB: Por Onde Anda? Petrobras P-16
She had no disaster named after her.No inquiry. No memorial. No court case running twenty years later.Just steel. Just sea. Just oil — for decades, in 300 meters of South Atlantic waters. Platform P-16 — Petrobras XVI — was a semi-submersib
Brazilian presence gains visibility at OTC
Around 30,000 professionals from the offshore sector are gathered in Houston for the 2026 edition of the Offshore Technology Conference (OTC) 2026, which features a strong presence of Brazilian companies and institutions. At the opening of
Petrobras starts production from FPSO P-79 at Búzios ahead of schedule
Petrobras began oil production from the FPSO P-79 on May 1, marking an early start compared to the schedule outlined in the company’s latest Business Plan (2026–2030). P-79 is operating in the Búzios Field, Santos Basin. The unit has the ca
Petrobras CEO Magda Chambriard elected chair of Braskem board amid ownership reshuffle
Magda Chambriard, CEO of Petrobras, has been elected chair of the board of Braskem, following recent changes in the company’s ownership structure. The appointment comes amid the ongoing transition of control previously held by Novonor, mark
Petrobras reinforces Campos Basin strategy with Argonauta transaction
Petrobras announced an agreement to acquire 100% of a ring-fence portion of the Argonauta Field, in the Campos Basin, currently held by Shell, ONGC and Brava. The transaction involves a portion of Argonauta linked to 0.86% of the shared Jub
P-79: new step
Petrobras has completed the tieback of the Búzios 90 well, a step that enables first oil from the P-79 platform in the Búzios field, in the Santos Basin. The unit will have the capacity to produce up to 180,000 barrels of oil per day and co
Petrobras advances US$450 million Mero seismic monitoring project into data phase
Petrobras has advanced the world’s largest permanent seismic monitoring project at the Mero field, in Brazil’s Santos Basin. The initiative, backed by approximately US$450 million in investments, completed its first phase in March 2026 and
Breaking
1. Mota-Engil secures R$728 million decommissioning contract with Petrobras Mota-Engil has signed a new contract with Petrobras worth R$728 million to execute subsea decommissioning services in Campos Basin. The five-year agreement includes
Petrobras Oil discovery
Petrobras has announced this Monday (April 13) a new hydrocarbon discovery in the pre-salt section of the Campos Basin, confirming the presence of hydrocarbons in an exploratory well drilled in the SC-AP4 sector, block C-M-477, located 201
Normand Fortress: Solstad renews contract with Petrobras
Solstad Offshore announced on April 13 a two-year contract extension with Petrobras for the construction support vessel (CSV) Normand Fortress, starting in July 2026. The gross contract value is estimated at approximately USD 56 million, un
Brazil reaches 1.000 subsea Christmas trees
Brazil’s offshore industry reached a new milestone in April 2026 with the manufacturing of its 1,000th subsea Christmas tree, set to be installed in the Búzios Field, operated by Petrobras.The milestone was highlighted during an event atten
Constellation secures Petrobras extensions
Constellation Oil Services announced on April 1, 2026, that it has secured contract extensions with Petrobras for three offshore drilling rigs, adding approximately $1.1 billion to its backlog and reinforcing long-term revenue visibility. T
Norbe IX completes scheduled maintenance
The offshore drilling unit Norbe IX, operated by Foresea, has completed a scheduled maintenance and upgrade campaign following approximately 70 days of work. Most of the activities were carried out with the unit anchored around six nautical
Belov SDSVs – New contracts with Petrobras
Belov has signed eight contracts with Petrobras totaling R$ 2.7 billion for the operation of SDSV (Shallow Diving Support Vessel) vessels. The four-year contracts cover four vessels: Belov Humaitá, Belov Amaralina, Cidade de Ouro Preto and
ODN I at Petrobras
Foresea has secured a long-term contract with Petrobras to operate the drillship ODN I offshore Brazil, adding about $465 million to its backlog. The agreement covers a 1,443-day campaign in the Mero Field, with operations expected to start
Petrobras: oil discovery
Petrobras announced a new discovery of high-quality oil in the pre-salt layer of the Campos Basin. The find was made in the Marlim Sul Field, at a well located 113 km off the coast of Campos dos Goytacazes. The presence of oil was identifie
Brazil’s FMM approves R$ 6 Billion across Naval and Port Projects
Brazil’s Ministry of Ports and Airports (MPor), through the Merchant Marine Fund Directing Council (CDFMM), approved a package of 13 projects totalling R$ 6 billion in investments at its 62nd Ordinary Meeting, held on March 18. The approved
Buying High, Selling Low? Not Quite – The Hidden Economics of Petrobras and PETRONAS
By WSB Advisors Team There is a certain seduction in simple narratives. Petrobras sold a 50% stake in Tartaruga Verde and the Module III of Espadarte to PETRONAS in 2019 for roughly US$1.2 billion. Six years later, it is buying that same st
PRIO – Approved to Drill at Frade
PRIO reported that it has received from Ibama an amended drilling license for the Frade Field. With this authorization, the company will be able to drill up to 14 new wells in the asset, located in the Campos Basin. The operation is expecte
Tartaruga Verde: Petrobras, Brava and Petronas
Petrobras announced the acquisition of the 50% stake held by Petronas in the Tartaruga Verde and Espadarte fields, located in the Campos Basin, for US$450 million. As a result, the company will hold 100% ownership of the assets and remain t
Oceânica secures US$736 million Petrobras contracts
Oceânica Engenharia has signed a series of subsea service contracts with Petrobras totaling approximately US$736 million, according to company disclosures. Agreements have a four-year duration, with offshore operations expected to begin in