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ANP prepares 23-block auction
Pre-salt gains momentum as ANP expands offering and prepares new auction with 23 blocksANP published on April 6 a new version of the Production Sharing Permanent Offer (OPP) notice, following board approval on March 27 and validation by the
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 $1.1 billion to its backlog and reinforcing long-term revenue visibility. T
Open Tenders & More
Dear All, WSB is pleased to provide an update on the current long-term tenders that are open to offer. Open tenders:
Vast completes ExxonMobil transshipment operation
Vast Infraestrutura has successfully completed the first crude oil transshipment operation for ExxonMobil in Brazil, marking a significant milestone in the country’s oil export logistics. The operation was carried out at the T-Oil terminal,
SBM Offshore wins tender for Sergipe Deepwater FPSOs
Oil price rally driven by conflict in Iran enables full project sanction with two platformsDutch firm SBM Offshore has won the tender for the construction and operation of the two floating production units (FPSOs) for the Sergipe Deepwater
Norbe IX completes scheduled maintenance
The offshore drilling unit Norbe IX, operated by Foresea, has completed a scheduled maintenance and upgrade campaign following approximately 70 days of work. Most of the activities were carried out with the unit anchored around six nautical
Belov SDSVs – New contracts with Petrobras
Belov has signed eight contracts with Petrobras totaling R$ 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
Brava starts drilling campaign
Brava Energia has started a drilling campaign using Constellation’s Lone Star rig across the Papa-Terra and Atlanta fields. The campaign includes four wells, with two located in Papa-Terra, in Campos Basin, and two in Atlanta, in Santos Bas
WSB hosts first happy hour of 2026
On March 26, WSB Advisors hosted its first happy hour of 2026 at the company’s rooftop in downtown Rio de Janeiro, gathering around 40 executives and professionals from the offshore sector. The event brought together clients, partners and i
Special WSB – Por onde anda? Astro Tupi
Where is she now? — Atlas Z (ex-Astro Tupi): One Vessel, Two Structures By WSB Advisors Much like the recent case of Astro CMT Matos—reborn as Seastar Virtus while raising unresolved questions around overlapping commercial and registry posi
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 offshore licensing process has just hit a new level of scrutiny
A Federal Court in Angra dos Reis has ordered the suspension of the preliminary environmental license (LP) granted by IBAMA for the “Stage 4” development in the Santos Basin, following a request from the Federal Public Ministry (MPF). The i
Equinor starts drilling at Raia offshore gas project
On March 24, 2026, Equinor initiated drilling activities for the Raia offshore gas project in the Campos Basin. The development, estimated at around US$9 billion, is expected to begin production in 2028, with projected output of approximate
BR Offshore launches foundation stone for new operational base
BR Offshore announced the launch of the foundation stone for a new operational base in Brazil, marking the start of a new infrastructure phase to support offshore operations.The development aligns with the company’s expansion strategy in of
CDFMM extends priority status for Transpetro tanker projects
Brazil’s Merchant Marine Fund Council (CDFMM) approved the extension of priority status for Transpetro tanker construction projects. The resolution was published on March 19, 2026, on an ad referendum basis and will remain valid for 180 day
Equinor acquires 230 MW onshore wind project in Brazil
Equinor acquired the Esquina do Vento onshore wind complex, with 230 MW of installed capacity, located in Rio Grande do Norte. The asset was purchased from Vestas and is ready for construction, expected to begin in Q2 2026, with commercial
Por onde anda? Milan Tide — The Resurrection (and the Registry Puzzle)
By WSB Advisors The return of Milan Tide, now Seastar Virtus, should have been a straightforward story: a well-built PSV, revived, reintroduced and ready to operate again. It turns out the story is not quite that simple. Following our publi
Brazil’s FMM approves R$ 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
Open Tenders and more
By Maria Eduarda Camba OPEN TENDERS — Market Status Update No changes were recorded across ongoing offshore tenders. Current opportunities remain active under previously disclosed terms and deadlines. What has changed? – No updates. What el
WSB Advisors – 10.000 followers on Linkedin
Hitting 10,000 followers is easy. Building 10,000 relevant followers — in a niche, technical, and relationship-driven industry — is something else. We’ve just passed this milestone on LinkedIn. A fully organic, highly segmented audience, bu
Special WSB: Por onde anda? Varada Santos
By WSB Advisors She lies in Guanabara Bay, in plain sight, yet increasingly difficult to explain. Anyone navigating toward Niterói will recognize the outline: the hull of Varada Santos, still, without visible activity, without a flag, witho
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
Special WSB: Que fim levou? WSUT
By Alexandre Vilela Discipline Meets OpportunityTidewater’s move in Brazil and what it reveals about the offshore cycle Brazil’s offshore sector has entered a new phase of consolidation. Within days of OceanPact and CBO announcing their com