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(offshore-energy.biz) Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shared its fleet activity for March. According to Prosafe, its fleet utilization rate for March 2025 was 52%, representing a slight decrease from the 57% rate reported for February. Safe Zephyrus was the busiest, operating at full capacity during March, achieving 100% commercial uptime. The... Continue Reading →
(offshore-energy.biz) Dozens of workers have been treated for injuries following a fire on an oil platform off the coast of Brazil operated by the state-owned energy giant Petrobras. According to the Norte Fluminense Oil Workers’ Union (Sindicato dos Petroleiros do Norte Fluminense), a fire occurred on the platform PCH-1 in the morning of April 21, 2025, at... Continue Reading →
(OE) Tidal Action ultra-deepwater drillship has embarked on a voyage from South Korea to Brazil to start its maiden job at Petrobras’ Roncador field. The drillship has been officially handed over by its owner Hanwha Ocean to its subsidiary Hanwha Drilling, established in 2024 as its drillship fleet operator. Tidal Action, built on Hanwha Ocean’s... Continue Reading →
(OE) French tubular solutions supplier Vallourec has secured a contract with Allseas to supply line pipes for Búzios 10 offshore project located at the Búzios field, operated by Petrobras. The contract represents nearly 18,000 tons of subsea seamless premium carbon steel line pipes, for the risers and flowlines. It also includes an optional scope of... Continue Reading →
(offshore-energy.biz) Brazilian state-owned energy giant Petrobras has disclosed the arrival of a jack-up rig, owned by Borr Drilling, a UK-headquartered offshore drilling contractor, in Brazilian waters, where it will undertake well decommissioning activities at oil and gas assets off the coast of Brazil. After Borr Drilling’s Arabia I jack-up rig won a four-year contract with Petrobras in Brazil, with... Continue Reading →
(OE) The seventh generation Atlantic Zonda drillship, managed by Ventura Offshore Midco, has started operations for Petrobras under a three-year drilling contract. The Atlantic Zonda is managed by Ventura Offshore through marketing and operating agreements with the rig owner, Eldorado Drilling, and the company will earn its management fees and reimbursable revenues from these agreements.... Continue Reading →
(offshore-energy.biz) UK provider of remotely deployed subsea inspections, TSC Subsea, has secured a multi-year contract in Brazil for subsea phased array (SPA) inspection of circumferential welds on rigid subsea pipelines, covering both flowline and riser sections at depths of up to 3,000 meters. According to TSC Subsea, the contract, which will run from 2025 to... Continue Reading →
BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general about the publication of the Reserve Certification Reports for the Company's main assets, with a reference date of December 31, 2024 ("Certification 2025"), prepared by the independent specialized consultancies DeGolyer and MacNaughton... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact disclosed on February 26, 2025, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the remuneration to shareholders related to the 2024 Fiscal Year, in the total amount of R$ 73,905,736,229.85, representing R$ 5.73413520 per common and preferred share in... Continue Reading →
(Reuters) - A dispute between state-run oil company Petrobras and steelmaker Gerdau will delay the first dismantling of an oil production vessel in Brazil by at least a year, people familiar with the matter said, in a setback for local shipyards. The operation had been hailed as a chance to reinvent Brazil's struggling shipbuilders as industrial recyclers,... Continue Reading →
Brazil Energy Insight 