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Reporting and curation by Westhon Media
Petrobras confirms gas in Colombia
By Rafael Bortoloti Petrobras has confirmed the presence of gas at the Uchuva-2 well, an extension of the Uchuva-1 discovered two years ago. Located in the Tayrona Block in the Guajira Basin in Colombia, Uchuva-2 is situated 31 km off the coast at a depth of 804 meters. Petrobras is the operator of the block […]
Exciting news at WSB Advisors
We are thrilled to announce that Raphael Montes, who has been with WSB Advisors since 2017, has become a partner in WSB Advisors S.A. with Class A shares. Besides his role as Proposals Manager, Raphael has now been empowered as Director of WSB Advisors, holding rights over the commercial commitments of our group. This significant […]
Petrobras PSV Tender Results Announced
By Alexandre Vilela Initially intended to hire 2 vessels, the tender's demand fluctuated into 10 ships than back to 2, eventually offering 4 units at closure, with notable high-side outliers. Highlights: (Bram Offshore): Two competitive bids with Brazilian-flagged, Norway-built (Simek A/S) vessels, aligning with current market averages. Wilson Sons and Posidonia Shipping: Off-the-charts bids, indicating […]
AHTS tender: an update
By Alexandre Vilela Petrobras closed the AHTS tender, with plans to hire up to 7 AHTSs and one OTSV. The amplitude on rates is worth noting. TS: Asgaard with AHTSs offered at USD 31k, for comparison below the last OSRV average rates. Asso Marítima Navegação Ltda (Augusta Offshore S.p.A.) just below USD 40k, with Solstad […]
Updates on PSV newbuild tender
By Raphael Montes Petrobras has disclosed some significant changes to the ongoing public tender set to charter up to 12 newbuild PSVs. The opportunity was also postponed once again, now with a deadline until September 13th 2024. Amongst the changes to the tender, Petrobras opted to increase the maximum amount of awards per bidder from […]
Production news: an update
By Rafael Bortoloti The ANP (National Agency of Petroleum) has released the Monthly Report on Oil and Natural Gas Production for June 2024. During this period, the total production (oil + natural gas) reached 4.353 million barrels of oil equivalent per day (boed). Of this total, 3.409 million boed were extracted, reflecting a 2.7% increase […]
Offshore news: Enauta
By Rafael Bortoloti Enauta closes the week with good news. Last Tuesday (30th), the company announced that it has completed all the connections of the subsea system and lines with the FPSO Atlanta, bringing it closer to the start of operations at the Atlanta Field in the Santos Basin. For the start of production on […]
WSB Choice Awards 2024 Update
By Alexandre Vilela We are thrilled to announce that the closed voting for the WSB Choice Awards 2024 is nearing its conclusion. Very soon, you will have the chance to participate in the public voting right on LinkedIn, as well as on our WSB Website and other channels. Stay tuned for the upcoming announcement of […]
FPSO Almirante Tamandaré en route to Brazil
Rafael Bortoloti The FPSO Almirante Tamandaré has departed from China en route to Brazil. Built at the CMHI shipyard, the FPSO will operate in the Búzios Field in the Santos Basin and will have the capacity to produce up to 225,000 boed. In March of this year, Petrobras reached a cumulative production of 1 billion […]
Petrobras: new tender for OSRV
Petrobras released a new tender to charter up to six more OSRVs, for contracts of 4 years firm duration. Vessels hired in this opportunity are set to begin operations by November 2025 or May 2026, depending on which of the two availbale batches Owners will offer for. Only Brazilian flagged vessels (or REB) are eligible […]
Ocyan signs contract with Petrobras for Búzios
By Rafael Bortoloti Ocyan has entered into a contract with Petrobras valued at approximately R$ 750 million for maintenance and other maritime services in the Búzios field, situated in the pre-salt region of the Santos Basin, about 180 km off the coast of Rio de Janeiro city. The agreement is set to last for four […]
DS-17 and Equinor: a new deal
By Rafael Bortoloti Equinor has announced that the Valaris Limited drillship DS-17 will undertake drilling duties for six wells in the Raia Project, located in the pre-salt Campos Basin. The contract's total value is estimated at USD 498 million, covering standby periods, mobilization, modifications, and integrated services. The agreement spans approximately 852 days. Drilling operations […]
IBAMA on Strike: The Why and the Consequences
By Alexandre Vilela The ongoing IBAMA strike has severe implications for the Oil & Gas industry, potentially resulting in a loss of between 80,000 and 220,000 barrels of oil per day. Delayed drilling and well connection campaigns are just the tip of the iceberg. The true impact is felt in the day-to-day operations, where a […]
New contracts for DOF
DOF Group announced charter contracts for AHTSs Skandi Jupiter and Skandi Mercury chartered to Petrobras three-years firm contracts with options, commencement 2nd half 2025. Both vessels sail under Norwegian flag and currently operate in the North Sea. Additionally, DOF has signed MPSV Skandi Salvador, currently employed by Petrobras in the Libra Field. According to DOF […]
Special WSB: Announcing the WSB Choice Awards 2024
Westhon through WSB Advisors, is thrilled to launch the WSB Choice Awards 2024, recognizing excellence across various categories. The closed voting has begun, and we are excited to announce that public voting will commence in August with the reveal of the nominated finalists. Stay tuned for more updates and get ready to cast your vote […]
Special WSB: A perk called "Follow the Café na Trilha"
By Rafael Bortoloti Fernando Vilela, CMO of Westhon and WSB Advisors, cyclist, and YouTuber, received a significant recognition in April 2024. As the creator of the YouTube channel "Café na Trilha," he earned the exclusive right to create content while cycling on the track of the second stage of the Mountain Bike World Series, the […]
WSB Advisors' on FPSO Marechal Duque de Caxias Project Special
The arrival of the FPSO Marechal Duque de Caxias marks a significant milestone for Brazil's offshore oil production capabilities. This state-of-the-art floating production, storage, and offloading (FPSO) unit, chartered by Petrobras from MISC, has a production capacity of up to 180,000 barrels of oil and the ability to compress 12 million cubic meters of gas […]
Petrobas new tender: LH 2500
By Rafael Bortoloti Petrobras opened a bid for chartering of up to five vessels of the LH 2500 type. The contracts will be valid for 1460 days, starting in the first half of 2025. The proposals will be divided into three lots (see details at the end of the report). The oil company requires vessels […]
Biodiesel in Marine Fuels: A New Milestone
By Alexandre Vilela ANP (National Oil Agency) authorization to sell bunker fuel with up to 24% biodiesel. Building on the success of 2022 tests with 10% biodiesel, which achieved a 7% reduction in emissions, the new B24 blend is expected to achieve an impressive 17-19% reduction in emissions. This initiative aligns with the current PSV […]
Disqualification of OSRV Vessels: Petrobras Update
By Omar Darian and Alexandre Vilela Petrobras recently published the official ranking of proposals for the latest OSRV (Oil Spill Response Vessel) tender. 10 vessels were disqualified, 9 of which due to the mistaken submission of the fuel consumption spreadsheet, affecting 4 distinct owners. Currently, 13 vessels remain under consideration, divided into 2 lots. Root […]
Strategic Move: Strengthening Brazil’s Naval and Offshore Sectors
Transpetro, the transportation and logistics subsidiary of Petrobras, has announced a substantial investment in building a new fleet of vessels. This initiative underscores a commitment to modernizing their infrastructure and stimulating economic growth in the maritime sector. This ambitious plan begins with an international bid for the construction of four tankers vessels, each one between […]
MODEC: Thirteen FPSOs chartered and two under construction
MODEC has demonstrated resilience and continued leadership in Brazil's FPSO market despite the conclusion of the Shell Fluminense FPSO contract and Enauta's decision not to purchase the Cidade de Santos. The Japanese company remains a dominant force, with a fleet of 13 chartered vessels, as highlighted by WSB.One, most of which are contracted with Petrobras. […]
WSB Advisors – Staff Announcement
WSB Advisors is glad to welcome Gabriel Celedonio as Intern, Market Intelligence in our Commercial team. Gabriel joins us from Gávea Investimentos from Rio de Janeiro, as Intern in Offshore Funds. He has also worked with MODEC and Apex Group Ltd. Our new member is to conclude his Naval Architecture and Marine Engineering at the […]
Enauta opts out to FPSO purchase
Enauta informed Modec that it will rescind the purchase contract for the FPSO Cidade de Santos. The vessel, which was purchased at the end of 2023, for US$48.5 million, will return to the helm of the Japanese company. Of this amount, US$7.2 million was paid at the signing of the contract, while the balance […]
DOF Group to acquire Maersk Supply Service
By Rafael Bortoloti DOF and A.P. Moller Holding have sealed an agreement to imbed Maersk Supply Service into DOF in a mix of cash and shares in the company, consideration of approximately US$ 1,1 billion and A.P. Moller Holding to underwrite 25% of the share capital in DOF. The companies hope to complete the details […]