One Energy News

Tag: Petrobras

  • Petrobras and Pemex prepare techinal cooperation protocol

    Petrobras and Pemex prepare techinal cooperation protocol

    Petrobras is preparing to formalize a cooperation protocol with Pemex, creating a structured channel for technical dialogue between two of Latin America’s largest state-owned energy companies.

    The agreement is expected to cover areas such as exploration and production, refining, petrochemicals, fertilizers, decarbonization and technology. Rather than pointing to any specific project, the protocol should be read as a framework for technical teams to exchange experience, compare operational challenges and identify areas of common interest.

    This distinction matters.

    WSB has recently covered different forms of cooperation involving Petrobras and Equinor. In the Campos Basin, Petrobras’ move into the Itaimbezinho block represents a concrete E&P transaction, with a defined asset and working interest. In offshore wind, the Petrobras–Equinor cooperation was closer to a technical and strategic framework, aimed at evaluating future opportunities in a still-developing segment.

    The Pemex protocol should be read closer to the latter. It is not, by itself, a signal of imminent participation in specific E&P blocks or immediate offshore ventures. Its relevance lies in the creation of a formal technical channel between two NOCs with large operational footprints, legacy infrastructure and overlapping strategic challenges.

    For Petrobras, the move is consistent with a selective international posture — not a return to broad expansion, but a way to remain technically connected to relevant regional peers. For Pemex, the agreement may offer access to Petrobras’ accumulated experience in deepwater, offshore development and integrated energy operations.

    The point, therefore, is not to assume that a project will follow. It is to recognize that Petrobras and Pemex are placing their technical organizations in direct conversation across areas that remain central to the future of both companies: offshore development, refining, decarbonization and long-term energy strategy.

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

  • Petrobras advances offshore decommissioning with new R$443.7 million contract

    Petrobras advances offshore decommissioning with new R$443.7 million contract

    Petrobras has awarded another significant contract as part of its offshore decommissioning strategy, reinforcing the growing pace of activity in one of the Brazilian offshore industry’s fastest-expanding segments.

    OceanPact secured the R$443.7 million contract to perform specialized subsea decommissioning services involving the disconnection and recovery of flexible risers and umbilicals associated with the P-18 platform in Marlim Field, Campos Basin. The scope includes subsea inspections, cutting, disconnection and recovery operations using Multipurpose Support Vessels (MPSVs), remotely operated vehicles (ROVs), heavy-lift cranes and other specialized subsea equipment.

    The award adds to a series of contracts announced in recent months as Petrobras advances one of the largest offshore decommissioning initiatives currently underway in Brazil. The company’s strategy continues to generate opportunities across multiple segments of the offshore supply chain, including subsea intervention, marine logistics, engineering, heavy offshore construction and environmental services.

    As more mature assets reach the end of their operational lives, Brazil’s offshore decommissioning market is becoming an increasingly important business segment rather than simply the final stage of an asset’s lifecycle. The trend is expected to drive long-term demand for specialized vessels, subsea contractors and integrated offshore solutions in the years ahead.

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

  • Magda Chambriard assumes chairmanship of Braskem’s Board of Directors

    Magda Chambriard assumes chairmanship of Braskem’s Board of Directors

    After her nomination was announced during the first quarter of 2026, Petrobras President Magda Chambriard has officially assumed the position of Chair of Braskem’s Board of Directors.

    The appointment reinforces Petrobras’ participation in the governance of the petrochemical company and represents another step in Braskem’s ongoing corporate reorganization process, a topic closely followed by the market since the initial announcement.

  • Petrobras advances tenders and contracting activities for Sergipe

    Petrobras advances tenders and contracting activities for Sergipe

    Petrobras continues to advance the contracting phase of the Sergipe Deepwater Project (SEAP) following the approval of investments for both SEAP I and SEAP II.

    Among the main recent developments are the progress of the competitive process for the P-81 and P-87 FPSOs, which are expected to serve the project’s first two modules, as well as ongoing procurement activities for subsea equipment and Subsea Christmas Trees (SCTs).

    The company is also preparing new tenders associated with the field development, including packages related to subsea infrastructure and the gas export system.

    With investments approved and key contracts moving into definition stages, SEAP remains one of the largest offshore contracting fronts currently under development in Brazil.

  • Petrobras begins gradual reoccupation of Edise

    Petrobras begins gradual reoccupation of Edise

    Petrobras has initiated the gradual reoccupation of the Edise building in downtown Rio de Janeiro. The move marks a new phase in the utilization of the company’s main corporate office and will be officially celebrated during an event attended by President Magda Chambriard, executive directors and invited authorities.

  • Petrobras raises execution requirements in new AHTS bid

    Petrobras raises execution requirements in new AHTS bid

    A recent amendment to Petrobras’ AHTS newbuild tender (Opportunity 7004345558) introduced provisions that may have broader implications for future offshore vessel construction projects in Brazil.

    Under the revised rules, bidders must now submit a preliminary agreement with the shipyard responsible for building the vessel as part of their proposal. More importantly, the selected shipyard becomes contractually binding and cannot be replaced after bid submission, except under exceptional circumstances, subject to Petrobras’ prior approval and proper justification.

    The change goes beyond a procedural adjustment.

    Belov shipyard
    Belov shipyard (Source: Belov/Courtesy)

    Historically, shipyard selection has often evolved throughout project development as financing structures, construction schedules, equipment availability and industrial capacity changed over time. Petrobras is now requiring bidders to demonstrate a higher level of commitment between vessel owner and shipyard from the earliest stages of the tender process.

    The amendment does not point to any specific market participant. However, it clearly reflects Petrobras’ concern with execution risk in long-cycle offshore newbuilding programs.

    Another noteworthy aspect of the tender is the requirement for bidders to present documentation from a financial institution indicating their ability to obtain funding for vessel construction. Together with the shipyard commitment requirement, the provision strengthens Petrobras’ visibility into both industrial execution and financial readiness at the proposal stage.

    The requirements appear designed to reduce uncertainty in projects involving significant capital commitments, local content obligations, complex financing arrangements and multi-year construction schedules.

    For shipowners, shipyards and financial institutions, the message is clear: construction strategy is no longer merely part of project execution. It is becoming part of the bid itself.

    As Brazil’s offshore newbuilding market gains momentum, this may prove to be one of the most relevant contractual changes introduced in recent Petrobras tenders.

    What do you think? Is this a positive step toward reducing project execution risk, or could it limit commercial flexibility during vessel construction?

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

  • Petrobras unveils R$75 Bi investment plan

    Petrobras unveils R$75 Bi investment plan

    Brazil’s offshore and marine sectors continue to receive strong long-term investment signals from Petrobras.

    In two major announcements this week, the company confirmed more than R$ 75 billion in combined investments across Sergipe and Amazonas, reinforcing the strategic importance of offshore production, gas infrastructure, logistics, and regional marine operations in Brazil.

    In Sergipe, Petrobras announced investments exceeding R$ 72.5 billion, including the development of the Sergipe Águas Profundas project, alongside initiatives involving platforms, fertilizers, and industrial infrastructure. The program is expected to generate around 28,000 direct and indirect jobs.

    Meanwhile, in the Amazonas region, Petrobras confirmed more than R$ 2.8 billion in investments focused on expanding natural gas production in Urucu and strengthening inland marine logistics. The package includes the construction of 18 barges at Bertolini shipyard aimed at optimizing fuel supply operations and reducing logistics costs across northern Brazil.

    For the offshore and marine market, the message is clear:

    Brazil continues to expand its long-term energy and logistics infrastructure footprint — creating future demand across vessel operations, shipbuilding, offshore support, gas monetization, inland navigation, and industrial services.

    The scale and geographic diversity of these projects also reinforce how strategic marine transportation and offshore assets remain to Petrobras’ broader investment agenda.

    For more strategic updates, market intelligence, and exclusive coverage of Brazil’s offshore & marine sectors, visit the WSB Advisors website at cms.oneenergynews.com and stay connected to the industry’s latest developments.

  • Baker Hughes extends deal with Petrobras

    Baker Hughes extends deal with Petrobras

    Baker Hughes has announced the expansion of its contract with Petrobras to provide integrated well construction solutions across oilfields in Brazil’s Santos Basin. The agreement strengthens the company’s role in offshore operations linked to the development of Brazil’s pre-salt resources.

    The project includes the deployment of advanced drilling technologies, such as rotary steerable systems, logging-while-drilling tools and extended-life drill bits for deepwater wells. According to the company, the solutions are expected to improve operational efficiency and support access to subsurface reservoirs.

    The work will be carried out jointly by Baker Hughes’ Integration & Solutions team and Petrobras’ wells team, also covering services related to cementing, wellbore clean-up, fluids and geosciences.

  • MARKET NOTE | OFFSHORE & MARINE

    MARKET NOTE | OFFSHORE & MARINE

    Petrobras has officially postponed the closing date for Opportunity No. 7004345558, related to the chartering of up to two AHTS vessels along with the provision of specialized technical services.

    The bid, originally scheduled to close today, May 27, has now been rescheduled to June 16, 2026.

    The move further increases market attention surrounding what is widely seen as one of the most significant offshore support vessel tenders in Brazil this year, particularly for the marine support sector and potential newbuild activity within the country’s shipbuilding industry.

    WSB Advisors will continue monitoring the next developments related to this opportunity.

  • Open Tenders

    Open Tenders

    By Maria Eduarda Camba

    WSB Advisors OPEN TENDERS

    Dear All,

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

    New opportunities were released across ongoing Petrobras tenders. Below are the latest changes monitored by WSB Advisors.

    What has changed?

    • Petrobras — At least 1x OSRV 105: Opportunity 7004497861, released June 10th, 2026

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

  • Saipem and Petrobras – MoU focuses on Brazil decomissioning

    Saipem and Petrobras – MoU focuses on Brazil decomissioning

    Saipem and Petrobras have signed a one-year Memorandum of Understanding (MoU) to evaluate and potentially develop integrated solutions for decommissioning activities in Brazil. The agreement covers well abandonment and plugging operations, aiming to improve efficiency, sustainability and innovation levels in end-of-life infrastructure activities.

    It is important to note that the document is non-binding, meaning that any future developments will depend on additional agreements between the parties. As part of the cooperation, Saipem and Petrobras will also assess partnerships with companies and institutions specialized in decommissioning, as well as the development and implementation of new technologies, methodologies and integrated solutions for this specific segment.

    The collaboration also includes the evaluation of logistical and operational alternatives, such as the use of drilling units and vessels, in addition to enhancing existing practices to overcome technical and operational challenges associated with offshore decommissioning activities in Brazil.

  • Breaking news

    Breaking news

    Wilson Sons tugboats surrounded the MSC Katrina into Guanabara Bay. The impressive New Panamax vessel measures 366 meters in length. Part of the operation could be seen directly from our office in downtown Rio de Janeiro.

    Petrobras announced R$ 37 billion in investments in the state of São Paulo through 2030, with a focus on refining, biorefining, E&P, decarbonization, and sustainable energy generation projects. Part of the investment will go to the Paulínia Refinery, which will receive R$ 6 billion to expand production capacity and strengthen the supply of more sustainable fuels.

    Petrobras reported net income of R$ 32.7 billion in the first quarter of 2026, up 110% compared to the previous quarter. The result was driven by higher production, stronger Brent prices, and improved operational performance.

    MSC Katrina
    MSC Katrina (Source: Porto do Rio)