DOF Group ASA has secured nearly $2 billion in long-term contracts with Petrobras for four new ROV support vessels (RSVs) that will support subsea inspection, maintenance and repair (IMR) operations offshore Brazil.
Ecopetrol has agreed to acquire an initial equity stake in Brava Energia as part of a broader plan to secure a controlling interest and expand its upstream footprint in Brazil. Under the agreement, Ecopetrol will purchase approximately 26% of Brava’s outstanding shares from a group of existing shareholders. The company also plans to launch a tender offer to […]
New Fortress Energy’s Brazil platform has signed a long-term lease and capacity agreement for its Terminal de Gás Sul (TGS) LNG import facility in Santa Catarina, marking a key step in bringing the asset into commercial operation. The agreement, which is expected to begin in August 2026, is projected to generate approximately $50 million in […]
OceanPact and CBO have announced plans to combine their businesses in a transaction that will create one of Brazil’s largest integrated offshore support and marine services platforms. The merger will be implemented through the incorporation of CBO’s holding company into OceanPact, subject to approval by Brazil’s antitrust authority (CADE), shareholder approvals and customary closing conditions. Upon completion, the […]
Brazilian oil major Petrobras announced a 2% decrease in its next five-year investment plan to $109 billion, putting dividend payments in doubt at a time of lower oil prices. Shares fell. The state-controlled oil producer is caught between the government’s desire to grow the economy – especially ahead of a 2026 presidential election – and investors who […]
TMC Compressors (TMC) has secured a contract from MODEC to supply a large-capacity marine compressed air system for the FPSO Gato do Mato, which will operate offshore Brazil.
Brazil sold five of the seven blocks offered in an oil auction on Wednesday to majors including Petrobras and Equinor ASA in a sign of renewed interest to explore in deep waters off the country’s southern coast despite low oil prices.
The field, located in the Santos Basin, holds over 1 billion boe in recoverable reserves and marks Equinor’s largest international offshore development. Bacalhau is operated by Equinor (40%) alongside ExxonMobil Brasil (40%), Petrogal Brasil (20%) and Pré-Sal Petróleo (PPSA).
Norway’s DOF Group has secured long-term charters valued at around USD 200 million from Petrobras for two vessels to be deployed in Brazil, DOF Group announced on Thursday.
Elea Data Centers has secured a R$2.3 billion (US$500 million) contract from Petrobras to build a large-scale, renewable-powered data center in São Paulo. The 17-year agreement is being described as the largest IT infrastructure award of its kind in Latin America.