Floatel Triumph Lined Up for Brazil MSU Work

Aug. 28 (OE) Floatel International has secured a letter of intent for its Floatel Triumph semi-submersible unit to provide Maintenance and Safety Unit (MSU) services offshore Brazil for four to eight months. The assignment is scheduled to start in the first quarter of 2027. The Floatel Triumph is a semisubmersible accommodation and construction support unit... Continue Reading →

Petrobras wins R$ 400 million tax ruling, setting precedent for pre-salt oil companies

July 30 (investnews.com.br) A recent decision by CARF (Administrative Council of Tax Appeals) overturned a tax claim of approximately R$ 400 million against Petrobras and set a precedent for other oil companies operating offshore platforms—including those in Brazil's pre-salt fields, where production takes place entirely at sea. The ruling was announced earlier this week. The... Continue Reading →

Gulf Marine Services Expands Brazil Presence with New Jack-Up Accommodation Unit Charter

July 16 (OE) Gulf Marine Services (GMS) has secured a four-year charter for one of its self-elevating accommodation units to support offshore operations in Brazil, strengthening its presence in the Latin American market. The contract, signed with an international offshore accommodation services provider, comprises 1,461 days of firm charter. The vessel is scheduled to be... Continue Reading →

Prosafe balancing asset optimization and capital reset

(offshore-energy.biz) Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shed light on its activity in the first quarter of 2025. Prosafe reported a revenue of  $33 million in Q1 2025, which is similar to the $34 million in the same period last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to... Continue Reading →

Prosafe Takes $204M Petrobras Tender Win

(OE) Offshore accommodation firm Prosafe has been declared the winner of a bidding process for a four-year contract by Petrobras, for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. Contract award and timing are subject to a formal process during which Petrobras is under no formal obligation to... Continue Reading →

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