Tidewater to Acquire Wilson Sons Ultratug Offshore in $500M

All-Cash Deal, Expanding Brazil FootprintFeb. 23 (OE) Tidewater Inc. (NYSE: TDW) has signed a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, WSUT) in an all-cash transaction valued at approximately $500 million, including the assumption of existing debt.The acquisition significantly strengthens Tidewater’s position in the global... Continue Reading →

February 23, 2026 0

BNDES Releases R$2.5Billion for Petrobras Support Vessels Construction and Prepares Naval Industry Study

Sept. 24 (PN) The Brazilian Development Bank (BNDES) announced this week the release of R$2.5 billion for Starnav Serviços Marítimos to acquire vessels to be built at the Detroit Brasil shipyard in Itajaí, Santa Catarina. The loan granted to Starnav is equivalent to over 88% of the R$2.9 billion earmarked for the purchase of eight... Continue Reading →

September 24, 2025 0

Petrobras contracts 4 support vessels with OceanPact for R$3.2 billion

Aug.18 (Reuters) – Petrobras signed a R$3.2 billion contract with the offshore support vessel company OceanPact for the charter of four RSV vessels for four years, the service provider told Reuters on Monday (18). The vessels will be used in remotely operated vehicle (ROV) operations for inspection of underwater structures, preventive and corrective maintenance, installation... Continue Reading →

August 18, 2025 0

Petrobras Forecasts Daily Production of 1.5 Million Barrels in Buzios and Announces R$78 Billion in Investments in Brazilian Shipyards

Petrobras expects to reach a production of 1.5 million barrels of oil per day in the Búzios field in the near future. The information was given by the CEO of the state-owned company, Magda Chambriard, during a Transpetro event. According to her, the increase in production will be supported by a robust hiring of support... Continue Reading →

February 17, 2025 0

Offshore Service Vessels: What’s in Store in 2025

Jesper Skjong, Contributor (OE) After what we would argue has been an incredibly eventful 2024 with massive deals, tremendous dayrate developments, further charterer backlog build, and the first series of newbuild orders in years, now comes the time when we turn our gaze towards 2025. What are some of the main trends we expect for next... Continue Reading →

December 19, 2024 0

Does an OSV Newbuild Boom Loom?

Jesper Skjong, Contributor (OE) There are solid underlying fundamentals that are driving the increased vessel demand, chief among them is the increased offshore upstream investment on a global level. Overall, spending on exploration and production is set to increase roughly 45% from 2021 to 2025, reaching a total of almost $200 billion in the latter year.... Continue Reading →

June 26, 2024 0

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