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  • WSB tips

    WSB tips

    By Pedro Pellegrini

    • The FPSO Bacalhau arrived in Brazilian waters, bringing along Monjasa’s first offshore bunkering contract. The bunker trader secured a deal with Subsea7 to supply MGO for the three Boka tugs that towed the FPSO from Singapore.
    • Petrobras has concluded the EPRD Subsea Lines bid last friday (28/2).
    • Carnival eve is untouchable! Petrobras pushed back two bids that were due last Friday. They are:
    • 2x OSRVs: New deadline: March 10th, 2025.
    • 1x MPSV: New deadline March 14th, 2025.

    More details? comercial@cms.oneenergynews.com

  • Karoon acquires FPSO

    Karoon acquires FPSO

    Karoon Energy has acquired 100% of the FPSO Cidade de Itajaí from Altera Infrastructure & Ocyan for $115 million. The deal also includes approximately $8 million in transaction costs, with the bureaucratic procedures expected to be completed by April.

    The vessel has been operating in the Baúna Field, Santos Basin, since 2013 and has a production capacity of up to 80,000 barrels of oil per day (boed) and gas compression capacity of 2 million cubic meters per day.

    Karoon has owned the Baúna Field since 2020. Now, as both the field and FPSO owner, the Australian company will seek a new operator for the unit. Until then, Altera & Ocyan will continue managing operations.

  • Petrobras: plans, updates and challenges

    Petrobras: plans, updates and challenges

    By Rafael Bortoloti

    Petrobras held a press conference last Thursday (27), initially focused on its financial results, but executives also shared updates on key projects, which we highlight below:

    * New tenders for the FPSO Barracuda/Caratinga, now under a BOT (Build-Operate-Transfer) model.
    * FPSO Alexandre de Gusmão is expected to arrive in Brazil in early March.
    * A strong 2025 ahead, with new platforms entering operation and others ramping up.
    * Strategic focus on two key exploration areas: new reserves (Equatorial Margin + Pelotas Basin) and mature fields.
    * Attention to exploration opportunities abroad while also maintaining and optimizing existing assets.
    * The revised SEAP bidding rules now allow the winner of the first platform to supply the second, potentially helping recover delays.
    * Búzios Field nearing 1 million boe/d production. This week, it hit a new record of 800,000 boe/d, boosted by FPSO Almirante Tamandaré’s startup.

    What are your thoughts?

  • WSB Advisors in spotlight

    WSB Advisors in spotlight

    Our team of shipbrokers gave interviews for a report by Liga Naval – UFRJ about the profession in Brazil. It’s great to see the Shipbroker profession being valued and its impact on the maritime industry.

    Liga Naval is a space that aims to promote professional growth for students of Naval Architecture and Marine Engineering at the Federal University of Rio de Janeiro, expanding their connection with the job market.

  • Petrobras cancels FPSO bid

    Petrobras cancels FPSO bid

    Petrobras Cancels FPSO Bid for Barracuda-Caratinga Revitalization

    The Fact:
    Petrobras has canceled the bid for the FPSO contract aimed at revitalizing the Barracuda-Caratinga fields in the Campos Basin.

    Fact of the Fact:
    – Lower local content requirements can attract new players. ✔️
    – New players increase competitiveness. ✔️
    – Competitiveness attracts better rates. ✔️

    Result of the Fact of the Fact:
    – A new player placed an offer. ✅
    – Was the price really high, where is the market today❓
    – One bidder does not equal competitiveness. ❌

    “Sometimes one has to walk the walk to get to destiny. It’s a process.”, says Alexandre Mattar Vilela,managing partner and CEO at WSB Advisors

  • Merger: Saipem and Subsea7

    Merger: Saipem and Subsea7

    By Rafael Bortoloti

    Saipem and Subsea7 have announced a preliminary agreement for a potential merger, signing a memorandum of understanding (MOU). If finalized, the deal will create a global energy services giant, possibly named Saipem7.

    The new company will have a combined backlog of €43 billion, revenue of approximately €20 billion, and an EBITDA of over €2 billion. Subsea7 shareholders will receive 6.688 Saipem shares for each share they hold, and both companies will split the capital of the merged entity equally.

    The announcement took the offshore market by surprise, as there had been no rumors of the transaction. However, mergers and acquisitions have become increasingly common since 2024, with moves like the formation of Brava, Wilson Sons’ sale to MSC, Boskalis acquiring ALP, and DOF acquiring Maersk.

    Is industry consolidation here to stay?

  • Allseas wins Petrobras EPCI contract for Búzios 10

    Allseas wins Petrobras EPCI contract for Búzios 10

    By Rafael Bortoloti

    Allseas has secured a contract with Petrobras for the engineering, procurement, construction, and installation (EPCI) of subsea infrastructure at Búzios 10, approximately 180 km offshore. The official value has not been disclosed but it is estimated at R$ 10.9 billion (US$ 1.75 billion).

    The operation is Expected to begin in Q3 2026, using the pipelayer Audacia with the installation of 111 km of rigid risers and flowlines in ultra-deep waters, with 40% local content to connect 16 wells to an FPSO.

    This contract strengthens Allseas’ position in Brazil, while the company is also bidding for the SURF contract at Búzios 11 and has recently opened an office in Rio de Janeiro.

  • WSB tips

    WSB tips

    Petrobras SDSVs Opportunity 7004370497 with new deadline: Apr 22nd, 2025.

    Petrobras hosted a live session to discuss hybrid propulsion for AHTS and RSV newbuild tenders, aiming for cleaner and more efficient fuel alternatives.

    Subsea7 issued an AHTS with ROV requirement for Búzios 8. If you want more details, please contact us.

    Foresea has formalized a new three-year contract for the drilling vessel Norbe IX (Santos Basin). With this agreement, the entire fleet is now under charter.

  • FPSO Petrojarl I: new owner – lifespan extension

    FPSO Petrojarl I: new owner – lifespan extension

    By Rafael Bortoloti

    Amplus Energy Acquires FPSO Petrojarl I

    Amplus Energy has announced the acquisition of the FPSO Petrojarl I from Altera Infrastructure, marking a new phase of investment for the company. Financial details were not disclosed.

    The FPSO has a long history in the O&G sector, reinforcing the engineering quality behind its longevity. Since first oil in 1986, it has operated in over ten fields and had been in Brazil since 2017. After completing its mission at Atlanta field (Brava-operated), the unit Starts decommissioning at the end of 2024.

    Technical specs:
    • Production capacity: 30,000 bopd
    • Storage: 180,000 bbls
    (Ramp-up may be required before reactivation, potentially affecting these numbers.)

    “The Petrojarl 1 is field-ready for quick turnaround solutions, from early production to tail-end developments.” Amplus, a Scotland-based oil field development company official noted.

    What’s next for the Petrojarl I?

  • Petrobras Outlines Ambitious Investment Plan

    Petrobras Outlines Ambitious Investment Plan

    During Transpetro’s event launching the bid for eight gas carriers, Petrobras’ President Magda Chambriard detailed key projects and reinforced ongoing commitments:


    • “Hit the gas”: Increasing local content requirements from 40% to 65% for goods and services.
    • R$78 billion investment in Brazilian shipyards by 2026:
    • R$58B for 10 new FPSO processing plants.
    • R$20B for Offshore support vessels.
    • 10 new FPSOs coming online by 2029 (seven contracted, three still to be tendered).
    • 44 new vessels (OSVs & gas carriers) by 2026, backed by the Merchant Marine Fund and accelerated depreciation incentives.
    • Commitment to repurposing vessels in decommissioning at local shipyards.
    • Concern over pre-salt reserve depletion, stressing the need to develop the Equatorial Margin safely and efficiently.
    • R$40 billion investment in refinery expansion and fertilizer plants across Brazil by 2026.

    With this roadmap, Petrobras signals a strong push for national industry and energy security.

    What’s your take, can these initiatives reshape Brazil’s shipbuilding and offshore sectors?

  • Opportunity: new LPG bid

    Opportunity: new LPG bid

    Transpetro/Petrobras to Expand Fleet with New Gas Carrier Tender

    Transpetro (Petrobras) annouced the awaited public international tender for the construction of 8 Gas carriers to close in 90 days, to a total fleet after deliveries from 6 to 14 vessels.

    The tender features two batches:
    • Batch 1: 5x pressurized units (3x 7,000m³ capacity and 2x 14,000m³ each).
    • Batch 2: 3x semi-refrigerated units (10,000m³ each), Gas and Amonia (to expand into a market Transpetro is not currently exploring).

    “The expectation is that Transpetro will increase its transportation capacity from 36,000 to 108,000 cubic meters per month. This should be sufficient for Petrobras to meet its entire national demand,” says Daniel Buckley Chartering Manager at WSB.

  • Sustainable AHTS coming to Brazil

    Sustainable AHTS coming to Brazil

    By Rafael Bortoloti

    Solstad Offshore announced that the AHTS Normand Ferking is on its way to Brazil. WSB, the owner of the largest and reliable market database, reveals that the vessel will begin a three-year contract with Petrobras.

    The vessel is currently navigating around Africa and is expected to arrive in Brazil by mid-March. It is sailing under the Norwegian flag. Solstad assures that the journey is being carried out with certified renewable biodiesel (HVO), which ensures a significant reduction in pollutant emissions.