Brava Energia announced that its Board of Directors accepted the resignation of CEO Décio Oddone as part of a planned succession process. Oddone will remain in office until January 31 to ensure an orderly transition. Richard Kovacs was appointed Chief Executive Officer effective February 1, stepping down from his role as Chairman of the Board while remaining a board member.
Alexandre Cruz was elected as the new Chairman. According to the company, the changes aim to preserve strategic continuity and reinforce governance as Brava advances its long-term operational agenda.
In January 2026, Petrobras executed amendments to the charter and service contracts of FPSO Cidade de Angra dos Reis, adjusting commercial and operational terms. The unit’s role in Petrobras’ production system remains unchanged, aligned with ongoing optimization of its FPSO portfolio.
Brazilian Navy starts construction of 4th Tamandaré-class frigate On 9 January 2026, Brazilian Navy began construction of the fourth Tamandaré-class frigate (F203 Mariz e Barros) with a steel-cutting ceremony at TKMS Estaleiro Brasil Sul, in Itajaí (SC).
All four units of the program are now under construction in Brazil, advancing fleet renewal focused on maritime surveillance, surface warfare and protection of offshore assets. Final delivery of the class is scheduled by 2029
Effective January 2026, Pedro Pellegrini has been promoted to Naval Engineer / Shipbroker at WSB Advisors. The move reflects a consistent development path built over nearly two years within the firm.
Pedro joined WSB Advisors as an Intern in Market Intelligence, working within the Commercial team and supporting brokerage activities alongside Raphael Montes, Genesio Ramos and Alexandre Vilela. Over this period, he progressively assumed greater responsibilities, combining commercial exposure with growing involvement in negotiations and client-facing processes.
His contribution extends beyond commercial support. Pedro has been actively involved in naval engineering projects and vessel and shipyard inspections, adding technical depth to market analyses and supporting more robust decision-making. He has also contributed to strategic discussions, business development initiatives and relationship-building with clients and partners.
During this period, Pedro played a relevant role in strengthening institutional ties with the academic community, notably through a collaboration with Liga Naval da UFRJ, expanding WSB Advisors’ presence at the Federal University of Rio de Janeiro.
Pedro graduated in Naval Architect and Marine Engineer from the Federal University of Rio de Janeiro in December 2025. Prior to joining WSB Advisors, he gained experience at CODERTE, working on waterbound passenger transport projects in Guanabara Bay.
A revised deadline has been released by Petrobras for the FSC 10 opportunity therefore below follows an update as monitored by WSB Advisors:
Petrobras — Up to 2x AHTS (NEWBUILDS): Opportunity 7004345558, deadline January 28th, 2026
Petrobras — At least 1x FSC 10: Opportunity 7004536339, new deadline January 30th, 2026
Transpetro — Acquisition of 4x MR1 Tankers: Opportunity 7004519997, deadline February 09th, 2026
Petrobras — FPSO for Albacora Revitalization: Opportunity 7004415516, deadline May 25th, 2026
What Else is Happening?
Solstad extends Normand Turquesa contract with Petrobras and revises long-term schedule. Solstad Offshore confirmed a one-year extension of the existing contract for the AHTS Normand Turquesa with Petrobras, Normand Turquesa with Petrobras, wherefore the start of the original contract is now revised from Q1 2026 to Q1 2027. The contractual amendment adds approximately USD 15.4 million in gross value. With the extension and revised timeline, firm commitments between the parties now run until January 2031, bringing total gross contract value to around USD 100 million. Built in 2007, Normand Turquesa is an 80.4-m UT 722 L design AHTS, remaining active in Petrobras’ offshore support operations in Brazil.
Normand Turquesa (Source: Solstad)
Bravante II is scheduled to commence a 100-day firm PSV contract with Saipem on 15 January, focused on MGO supply and including extension options.
Bravante II (Source: Bravante)
HOS Colt has departed Brazil after concluding her operations, with the vessel now being repositioned to its country of origin.
HOS Colt (Source: Horrnbeck)
Petrobras secure the Amaralina Star for a three-year drilling campaign starting in Q1 2026, following the completion of the rig’s current Roncador program in the second half of 2025.
Oil reclaims position as Brazil’s top export in 2025, outlook points to further growth in 2026. Crude oil returned to the top of Brazil’s export ranking in 2025, overtaking soybeans despite a 9.8% decline in average international oil prices during the year. Total crude exports reached USD 44.6 billion, slightly below 2024 levels, reflecting price effects rather than volume contraction. For 2026, federal projections indicate renewed export growth supported by rising pre-salt production and the entry of new offshore platforms. The government expects crude oil to remain Brazil’s leading export commodity, reinforcing the strategic role of offshore production in the country’s trade balance.
Delivered in 2002, this 72m by 16m, DP-1 Platform Supply Vessel began her career in Brazil under Tidewater’s flag as Danko Tide, supporting the country’s offshore supply chain during a period of intense E&P activity. Built for reliability and utility, she spent her early years running steady logistics between platforms and support bases along the Southeast coast — the kind of dependable workhorse service that defines many mid-life PSVs in the Brazilian market.
The most delicate chapter in her history came in 2011, when Danko Tide was involved in a contact incident with the Pride Rio de Janeiro platform off Espirito Santo state. Brazil’s Maritime Court investigated the case, confirming no personal injuries and nor relevant environmental damage, and ultimately archived the process due to indeterminate causes. In practical terms, operational continuity was preserved, with no long-term impairment preventing her return to service.
Proof of resilience emerged in 2015, when Danko Tide was chartered by Shell to support the Bijupirá and Salema fields in Campos Basin. Securing work with a major operator signaled that the vessel remained technically sound and commercially viable — a testament to consistent class discipline and maintenance under Brazilian flag requirements.
During the Pandemic and after a somewhat long period of idleness, following the worldwide Oil crisis that also heavily impacted the offshore segment in Brazil, a change of pace – and home – ensued for the better, as Danko Tide transitioned to Brazilian ownership and identity, being acquired locally by Bravante Group and renamed Singrar, retaining Brazilian flag and Rio de Janeiro as home port. Amidst all challenges faced during one of the most uncertain times in recent history, Bravante’s Singrar found purpose where less expected. A DP-1 PSV supporting exploration and production activities for Petrobras in Mero field, one of the pre-salt giants of Santos Basin, where harsh environments and stricter requirements prevail, Singrar thrived.
The arc of Singrar is less about dramatic turns and more about proven continuity: a mid-life PSV that navigated a serious incident without lasting fallout, sustained employability with top-tier clients, and continued to find relevance in Brazil’s offshore supply chain. For brokers and charterers, her journey reinforces a familiar yet essential lesson: in this market, longevity is not luck — it is built through disciplined class adherence, sound operations and compliance that protect availability and day-rate economics over the long run.
Transpetro confirmed an exclusive supplier event on Friday, 9 January at the Transpetro Academy in Rio de Janeiro to present guidelines for an upcoming tender to acquire four newbuilding medium-range (MR1) vessels.
The agenda will include procurement rules, safety and integrity requirements, and technical presentations by Director Tomás Arantes and senior procurement specialists, starting at 08:00 a.m. and concluding at 11:30 a.m. (Note: formal public notice still pending official publication by Transpetro.)
Transocean confirmed that the drillship Deepwater Mykonos has been awarded a new contract with BP for an estimated 302-day campaign starting in Q3 2026. The agreement contributes approximately US$ 120 million to firm backlog, excluding mobilization, demobilization and additional services. The unit will support deepwater exploration and development activities offshore Brazil.
Petrobras reported the interruption of exploratory operations at the Morpho well, about 175 km off Amapá, following a leak in auxiliary drilling fluid lines. The event involved water-based biodegradable fluid and no oil release was recorded. According to Petrobras, containment was completed, Ibama has been notified, and activities will resume after repairs and technical verification are concluded.
Global oil benchmarks moved lower as Brent crude for March delivery closed at US$ 60.70 per barrel, a 1.72% decline. Price behavior reflected expectations of ample supply combined with geopolitical developments and producer policy signals, moderating short-term bullish sentiment.
Eneva confirmed that it concluded its first natural gas import operations from Argentina in December, expanding flexibility in regional supply access. The imported volumes support delivery to Brazilian industrial clients connected to the national transportation grid and contribute to diversification of sourcing and resilience in the domestic gas market.
Rio Oil & Gas 2026 (ROG.e) has been confirmed for 21–24 September 2026 at Riocentro, Rio de Janeiro, with expectations of over 75,000 participants and more than 650 exhibitors. The program will integrate upstream, gas, energy transition, technology and supply-chain discussions, reinforcing Brazil’s role as a central platform for global offshore and energy dialogue.
