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 engineering, preparation, removal and final disposal of offshore structures, reinforcing ongoing efforts to advance Brazil’s decommissioning agenda.

2. Camorim advances into heavy-lift segment with new Super Derrick Barge

Camorim confirmed the construction of a Super Derrick Barge (Super Cábrea) in partnership with Grupo Tomé, marking a strategic move into larger-scale lifting operations within Brazil’s maritime and offshore support segment. The project involves an investment of R$52 million and will be built at Estaleiro Juruá, in Manaus. The unit is scheduled to enter operation in March 2027.

Technical specifications indicate a lifting capacity of 750 tons, supported by an eight-point anchoring system, positioning the asset to support complex offshore installation, decommissioning and logistics operations.

Although Camorim already operates barges and derrick units, this project represents its first asset at this scale, signaling a step-change in operational capability and market positioning. According to company leadership, the investment is aligned with fleet expansion strategy and aims to increase participation in higher-complexity offshore projects in Brazil.

3. Halliburton signs multibillion unconventional contract with YPF

Halliburton has signed a long-term, exclusive contract with YPF to provide integrated unconventional completion services in Vaca Muerta. Although financial details were not disclosed, the agreement was described as a multibillion-dollar deal, further strengthening Halliburton’s position in Argentina’s shale development.