Category: Last News

  • New Edition – One Energy magazine

    New Edition – One Energy magazine

    One Energy Magazine — Issue 17

    Now Available!

    In this edition of One Energy Magazine, you’ll find an exclusive interview with José Eduardo Leal Senior Sales Manager at Kongsberg Maritime, focused on technology and artificial intelligence in the maritime sector.

    This issue also features:

    • An in-depth look at Belov Arembepe
    • WSB Advisors Norway
    • Staff announcement
    • Por onde anda?
    • Camorim behind the largest light and fireworks show on Earth
    • Tidewater acquires Wilson Sons, plus more market updates
    • Perspectives from Fernando Vilela, Alexandre Vilela, Luiz Fernando Priolli and Romulo Bacchiega
    • Market insights

    A must-read.

    Click here to read:

  • PRIO – Wahoo field

    PRIO – Wahoo field

    PRIO announced on March 3 that it has received the Operating License for Wahoo field, in Campos Basin, from Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis (Ibama) — the final regulatory step before first oil.

    With commissioning in its final phase, production will take place via a subsea tieback to the FPSO at Frade Field, leveraging existing infrastructure and optimizing capex.

    PRIO acquired a 35.7% stake in Wahoo from bp in 2020. The field is estimated to hold more than 140 million barrels of recoverable resources.

  • Special WSB: “Que fim levou?”

    Special WSB: “Que fim levou?”

    Consolidation Without Repricing

    Why the OceanPact–CBO merger did not trigger a market rerating

    Following the success of our “Por onde Anda?” section, we have a new backstage artist coming to town in WSB:

    “Que fim levou?”

    Above is the first topic. Stay tuned.

  • OceanPact and CBO announce combination agreement

    OceanPact and CBO announce combination agreement

    OceanPact Serviços Marítimos S.A. announced it has signed an Association Agreement to merge with CBO Holding S.A., forming a combined offshore support company with 73 vessels and approximately R$13.6 billion in contracted backlog. OceanPact was advised by Itaú BBA as financial advisor in the transaction, with legal advisors to the parties including Mattos Filho (OceanPact) and Pinheiro Neto Advogados (CBO), as reported by BrazilJournal. The transaction will be implemented through the merger of CBO into OceanPact and remains subject to shareholder approval (March 30, 2026) and clearance from Conselho Administrativo de Defesa Econômica (CADE).

    Under the agreed terms, OceanPact will issue 274,551,446 new common shares to CBO shareholders, based on an exchange ratio of 1.9805700858 OceanPact shares per CBO share. Upon closing, former CBO shareholders will hold 57.86% of OceanPact’s total share capital. The exchange ratio was negotiated between the parties with support from external advisors.

    CBO contributes a fleet of 45 OSVs (42 owned), including PSVs/ORSVs, RSVs and AHTSs, strengthening fleet scale, rejuvenating average vessel age and expanding operational capabilities. OceanPact expects the combination to enhance cash flow generation, unlock operational synergies and position the company among the leading global offshore support platforms.

    The transaction also includes a corporate reorganization to segregate contingent legal claims related to UP Offshore, ensuring any future net proceeds accrue exclusively to OceanPact prior-to-closing shareholders.

  • Open Tenders & More

    Open Tenders & More

    Dear All,

    WSB is pleased to provide an update on the current long-term tenders that are open to offer.

    What has changed?

    • Petrobras At least 1x FSC 10: Opportunity 7004536339, new deadline March 6th, 2026

    What else is happening?

    • Island Victory has departed Brazil after concluding her operations, with the vessel now being repositioned to its country of origin.

    Maersk Supply Service announced a new shareholder structure for its Brazil operations. The official statement is available on the company’s website: https://lnkd.in/dUAij2r

  • Belov Arembepe contracted by Petrobras

    Belov Arembepe contracted by Petrobras

    Belov Engenharia has signed a contract with Petrobras for the chartering of the SDSV Belov Arembepe, which will operate for the oil company for a period of four years. The agreement includes PPU-based remuneration components denominated in Brazilian reais and U.S. dollars, with a total contractual value (Service plus hire) of approximately R$ 680 million over the term.

    Construction of the Belov Arembepe began in February 2026 and is expected to last approximately 18 months, with delivery scheduled for the second half of 2027, when Petrobras is DUE to commence operations with the vessel.

    The Belov Arembepe will be the fourth SDSV in Belov’s fleet and the third vessel to be built at the group’s shipyard in Bahia. The project has been granted R$115 million in financing from the Fundo da Marinha Mercante (FMM).

    “The Belov Arembepe will incorporate the proven design of previous vessels, with operational upgrades implemented based on lessons learned in recent offshore campaigns,” said Juracy Vilas-Bôas, Director at Belov Engenharia, in an interview for the upcoming edition of One Energy magazine.

    For further technical information about the vessel, visit wsb-one.com

  • Special WSB? Por onde anda? BGL 1

    Special WSB? Por onde anda? BGL 1

    In the middle of Carnival in Brazil, while many people were joining the street parades… a 1,000-ton crane barge decided to leave.

    After years practically motionless, BGL 1 departed the pier at Cais da Ilha das Cobras without announcement, without statement and without, at least for now, a clear explanation.

    A discreet move for an asset far too large to go unnoticed — especially one that had long been part of the landscape seen from our office on Avenida Rio Branco, Rio de Janeiro.

    Built in Japan by Mitsui Engineering & Shipbuilding and delivered in 1977 already linked to contracts with Petrobras, BGL 1 was never just another offshore construction asset.

    For decades, she operated as one of the main pipe-laying and heavy-lift barges in Brazilian waters, directly supporting the expansion of the country’s subsea infrastructure. With 1,000-ton lifting capacity, dynamic positioning and a configuration tailored for offshore construction campaigns, she built a track record few assets can match — pipeline installation, structural supports, complex removals, shallow-water interventions and special projects.

    Precisely because she was a working asset, not a showcase unit, what followed stands out: after years of intense activity, the barge entered a prolonged period of inactivity, remaining for long stretches at Estaleiro Inhaúma in Guanabara Bay before being acquired by Super Braço in 2019 and later undergoing interventions at the Arsenal de Marinha do Rio de Janeiro.

    And then… operational silence.

    For an asset of this scale, not operating is more than the absence of a contract — it is a decision.
    Keeping a construction barge idle implies continuous cost.
    So the inevitable question was never “why wasn’t she operating,” but “why was she still there, simply existing?”

    During Carnival 2026, a movement.

    BGL 1 was recently towed toward the Porto de Sepetiba region.
    No public announcement. No operational confirmation. No defined scope.

    Reactivation?
    Logistical repositioning?
    Preparation for sale?
    Or simply cost rationalization outside Guanabara Bay?

    In offshore construction, assets of this nature do not move without reason.
    But reason and destination are not always the same thing.

    What is certain is that a vessel that helped build part of Brazil’s subsea infrastructure spent years floating sidelined — and has now started moving again.

    It does not necessarily mean operation.
    But ceasing to remain still always means something.

    And you, any idea where BGL-1 is going next? Comments are open below.

    Every Thursday, a new “Por onde anda?” — stay tuned.

  • WSB Advisors — 2025 Yearbook Edition

    WSB Advisors — 2025 Yearbook Edition

    Discover the Highlights of 2025

    WSB Advisors presents its 2025 Yearbook — a comprehensive publication capturing the milestones, insights, and defining moments of the year. More than a retrospective, this edition reflects the company’s strategic growth, international expansion, and thought leadership across the maritime and offshore sectors.
    A consolidated view of strategy, execution, and market positioning in a transformative year for offshore operations.

    An essential reference for partners, clients, and industry professionals seeking informed perspectives beyond the headlines.

    Inside the 2025 Yearbook
    • Exclusive interviews with Fredric Fuerth, Vanessa Costa, Fernanda Hille, and Ronaldo Lima;
    • Key corporate developments, including team expansion and the opening of new offices worldwide
    • A curated review of the year’s most relevant industry developments, with exclusive insights from the WSB team
    • In-depth market analyses and special feature reports

    A year of growth. A year of strategy. A year that shaped what comes next.

    Explore the full publication and access the digital edition here: https://lnkd.in/dNzZ5drt

  • Coming Soon – One Energy Magazine – Issue 17

    Coming Soon – One Energy Magazine – Issue 17

    WSB Advisors invites you to explore the latest edition of One Energy Magazine.

    This issue marks the beginning of a new era, with the official arrival of advertisers and recurring columnists who broaden our editorial scope. Alongside in-depth coverage of the naval and offshore sectors, readers will also find thoughtful perspectives on marketing, psychology, technology, and law.

    This edition reinforces our commitment to connecting strategic insight with operational excellence across the offshore value chain.

    Highlights


    • An exclusive interview with José Eduardo Leal, Senior Sales Manager at Kongsberg
    • Oil companies and theaters: a long-standing connection
    • Staff Announcement
    • Where Are They Now?
    Camorim Serviços Marítimos behind the largest light and fireworks show on Earth
    • Belov Arembepe
    • DOF acquires Wilson Sons, plus more market updates

  • Tidewater acquires Wilson Sons Ultratug Offshore in US$ 500 million transaction

    Tidewater acquires Wilson Sons Ultratug Offshore in US$ 500 million transaction


    Tidewater Inc. announced the acquisition of 100% of Wilson Sons Ultratug Offshore Participações S.A. and Atlantic Offshore Services S.A. in an all-cash transaction valued at US$ 500 million, expanding its operational scale in Brazil’s offshore support vessel market.

    The transaction includes a fleet of 22 Brazilian-flagged platform supply vessels, 19 of which were built in Brazil, positioning Tidewater as one of the main providers of Brazilian-built PSVs in the country. The acquired fleet holds an estimated US$ 441 million backlog, with approximately 88% linked to Petrobras contracts.

    The acquisition will be financed through available cash and the assumption of approximately US$ 261 million in long-term debt provided by BNDES and Banco do Brasil, with an average annual cost of about 3.6%. Closing is expected in late Q2 2026, subject to customary regulatory approvals, including Conselho Administrativo de Defesa Econômica authorization and creditor consent.

    Following completion, Tidewater’s global fleet is expected to reach approximately 231 vessels, including OSVs and other support assets, while its Brazilian fleet will expand from 6 to 28 vessels, becoming the third largest of the country. The company projects around US$ 220 million in annual revenue contribution from the acquired assets, with an estimated gross margin near 58% in the first year after closing.

    The transaction reflects ongoing consolidation dynamics in Brazil’s PSV segment, where operators including CBO and other local players compete in a market shaped by scale, financing structure and Brazilian-built tonnage availability.

    This will not be the last Merger & Acquisition (M&A) movement in the marine & offshore market in 2026.

    Stay informed on key offshore developments — visit wsb-one. com, our data platform trusted by leading offshore companies.

  • OPEN TENDERS — Market Update

    OPEN TENDERS — Market Update

    What has changed?

    Shell — 3x PSVs and 1x OSRV opportunity, new deadline March 2nd, 2026

    What else is happening?

    • Tidewater Inc. announced the acquisition of 100% of Wilson Sons Ultratug Offshore Participações S.A. and Atlantic Offshore Services S.A. in a transaction valued at approximately USD 500 million, reflecting continued consolidation dynamics in Brazil’s PSV segment.

    PS: This will not be the last M&A movement in the marine & offshore market in 2026.