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Tag: solstad

  • SBM and Solstad – Joint Venture

    SBM and Solstad – Joint Venture

    SBM Offshore and Solstad Offshore have formed a joint venture to order a newbuild multi-purpose deepwater installation and construction vessel, with delivery targeted for the first half of 2029.

    The vessel will support the installation of ocean infrastructure, including FPSOs, and is designed for operations in both shallow and deepwater environments. The project builds on the long-standing cooperation between SBM and Solstad around the CSV Normand Installer, which has supported SBM’s offshore installation activities for years.

    Under the structure, Solstad Offshore will hold 50.1% of the joint venture, while SBM Offshore will own 49.9%. Solstad will act as ship manager and SBM will charter the vessel for its own offshore projects. When not required by SBM, the vessel may be chartered to third parties.

    The joint venture has already secured an initial 14-year charter agreement with SBM Offshore, guaranteeing minimum utilization of 270 days per year, with extension options that could add up to 11 additional years.

    The selected shipyard has not yet been disclosed.

    For Brazil, the announcement is strategically relevant. SBM remains one of the leading FPSO contractors active in the country, with exposure to major offshore developments and future deepwater projects. While no Brazilian assignment has been announced for the vessel, additional installation capacity could support SBM’s global FPSO pipeline, a portfolio in which Brazil continues to play a central role.

  • R.I.P. Johannes Solstad

    R.I.P. Johannes Solstad

    The offshore industry has lost one of its true pioneers.

    Johannes Solstad, founder of Solstad Offshore, passed away peacefully at nearly 96 years of age — leaving behind a legacy that helped shape the modern offshore shipping industry.

    His life story mirrored the evolution of Norwegian maritime history itself.

    From sailing as a chief officer on transatlantic passenger routes between Norway and the United States, to serving as a merchant fleet captain and later founding Solstad Rederi at just 34 years old, Johannes Solstad belonged to a generation that transformed maritime entrepreneurship into global offshore leadership.

    As Norway’s offshore era emerged alongside the development of the North Sea oil industry, Solstad became one of the companies that helped define the sector’s operational standards, vessel capabilities, and long-term vision.

    What stands out most, however, is not only the scale of the company he built — but the fact that, until very recently, he still maintained a genuine daily interest in vessels, seafarers, operations, and the market itself.

    That kind of connection to the industry cannot be manufactured. It comes from a lifetime at sea.

    At WSB Advisors, we recognize the importance of figures like Johannes Solstad to the global marine and offshore community. Leaders whose stories became part of the industry’s own history.

    Our thoughts are with the Solstad family, friends, and the entire Solstad organization during this moment of loss.

    Fair winds and following seas, Captain.

    Offshore #Marine #Shipping #Solstad #OffshoreShipping #MaritimeIndustry #Norway #Legacy #WSBAdvisors

  • Open Tenders and News

    Open Tenders and News

    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
    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
    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
    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.
  • Solstad Secures New Contracts in Brazil and the North Sea

    Solstad Secures New Contracts in Brazil and the North Sea

    Solstad Maritime announced new contracts for Normand Navigator, Normand Cutter and Normand Jarstein, covering a firm period of 175 days + 150 optional days, beginning between December 2025 and January 2026. Combined contract value is approximately USD 25 million. Navigator and Cutter will conduct ROV and survey operations in Brazil, while Jarstein will operate in the North Sea.

  • Open tenders & More

    Open tenders & More

    By Maria Eduarda Camba

    Dear All,

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

    Open tenders:

    What has changed?

    • Petrobras At least 1x LH: Opportunity 7004497614 new deadline December 1st, 2025;
    • Petrobras FPSO for Albacora Revitalization: Opportunity 7004415516 new deadline May 25th, 2026.

    What else is happening?

    • Transpetro has completed the scheduled dry-docking of the Oscar Niemeyer gas carrier at Vard Promar, Pernambuco. The vessel underwent structural, electrical, and machinery maintenance, along with an upgrade to its ballast-water treatment system;
    • Solstad Offshore secures new Petrobras contract: The AHTS Normand Topazio is locked into a four-year, USD 73 million deal, starting Q1 2026, further consolidating Solstad’s role in Brazil’s offshore support fleet;
  • Solstad secures contract for AHTS Normand Topazio with Petrobras

    Solstad secures contract for AHTS Normand Topazio with Petrobras

    Solstad Offshore ASA confirmed today (November 26) that it has signed a firm 4-year agreement with Petrobras for AHTS Normand Topazio. Contract starts in Q1 2026 and is valued at roughly USD 73 million. The vessel will support Petrobras offshore logistics and anchor-handling activities, reinforcing Solstad’s long-standing presence in Brazil’s supply fleet.

  • WSB Advisors at OTC Brasil

    WSB Advisors at OTC Brasil

    By Rafael Bortoloti

    The Expomag Convention Center in Rio de Janeiro hosted OTC Brasil 2025 from October 28 to 30, bringing together key stakeholders from across the oil, gas, and energy value chain. Inspired by the traditional OTC Houston, the conference gathered thousands of attendees and reinforced Brazil’s role in the global offshore industry.

    WSB Advisors attended the event with a delegation representing commercial, technical, content and HSEQ functions: Raphael Montes (Proposals Manager), Pedro Pellegrini (Shipbroker Intern), Romulo Bacchiega (Head of Content & Sales), Ronaldo Lima (Senior Advisor), Genesio Ramos (New Building Lead), Jake van den Dries (Partner & HSEQ Lead), and Daniel Buckley (Chartering Manager). Their presence underscored our commitment to following industry trends and strengthening strategic relationships across the energy ecosystem.

    OTC Brasil (Source: Ronaldo Lima/WSB Advisors)

    Under the theme “The future of deepwater technologies: connecting oil, gas and renewables,” this year’s edition highlighted the potential of Brazil’s Equatorial Margin, along with discussions on AI, CCUS, offshore wind, and diversity. The program featured more than 200 exhibitors and 150 speakers, including executives from Petrobras, Shell, Equinor, TotalEnergies, Chevron, SLB and TechnipFMC, as well as government representatives from Amapá, home to Petrobras’ FZA-M-059 exploration block.

    The exhibition floor reflected strong participation from industry players such as Porto do Açu, Camorim and Posidonia, in addition to offshore equipment and service providers, IBP, and DNV. The audience ranged from C-level leaders to entrepreneurs, students and operational professionals, reinforcing the event’s collaborative profile.

    A technical highlight was TotalEnergies’ presentation of a new, safer and more efficient polymer technology for well cementing operations on drillships.

    Held every two years, OTC Brasil remains a key forum for networking, business development and knowledge exchange shaping the future of the Brazilian offshore industry. For WSB Advisors, the event was an opportunity to deepen market insights, strengthen partnerships and reaffirm our role in supporting clients through the evolving energy landscape.

    In addition to the exhibition, WSB Advisors also attended parallel events such as Triunfo Cocktail Party at EXC Rio.

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

  • Petrobras SOV BID

    Petrobras SOV BID

    Petrobras has released the commercial ranking of the bid to charter up to six Service Operation Vessels (SOVs), under Opportunity 7004478234, which has been open for three months. Bidders in general submitted competitive offers, with Solstad taking the lead in Lot A. Another highlight is CMM’s Norwind Storm. Although positioned to be awarded, the vessel is already committed to another Petrobras SOV tender. In Lot B, Posidonia stood out with the Pelagic Walu, offering a daily rate below USD 69,000.

    Lot A covers up to three SOVs with delivery expected by June 2026, while Lot B includes up to six SOVs with delivery expected by September 2026. However, three of the vessels in Lot B will only be contracted if Lot A is not awarded in full.

    To qualify, vessels must provide accommodation for at least 60 people, be equipped with DP2 capability, a gangway and a 200 m² deck area, among other requirements.

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

  • Three New Offshore Vessel Charter Contracts

    Three New Offshore Vessel Charter Contracts

    This week began with strong momentum in the offshore support vessel market, as three new charter contracts were officially announced.

    Camorim has signed a BRL 1.2 billion agreement with Petrobras to deploy the liftboats Jin Hua 01 and Jin Hua 02 in partnership with OOS International B.V.

    These vessels will support maintenance and readiness campaigns for fixed platforms in the Sergipe-Alagoas and Rio Grande do Norte-Ceará basins. The contract will run for three years, with the official start date yet to be confirmed.

    Solstad has secured a four-year charter with Petrobras for the construction support vessel Normand Commander with Petrobras, with operations expected to begin in the first quarter of 2026. The deal is valued at approximately USD 108 million, excluding ROV services.

    Also on Monday, DOF announced two new four-year contracts, also with Petrobras, for the AHTS vessels Skandi Fluminense and Skandi Lifter. These awards stem from the same tender processes that recently secured long-term contracts for Skandi Logger, Skandi Iguaçu, Skandi Angra, Skandi Paraty and Skandi Urca.

    To stay updated on Brazil’s OSV market and access exclusive project data, reach out to: comercial@cms.oneenergynews.com. Stay informed on key offshore developments — visit www.wsb-one.com, our data platform trusted by leading offshore companies.

  • Offshore briefing

    Offshore briefing

    Offshore Briefing — Drilling, Merchant Marine Fund, and New Charter Awards

    • Petrobras has started drilling the 9-BUZ-103D-RJS well in the Búzios field, located in the Campos Basin. The operation is taking place in 1,700 meters of water depth and is being conducted by the drillship Atlantic Zonda, owned by Eldorado Drilling and operated by Ventura Offshore.

    • Revenues from the AFRMM (Additional Freight for the Renewal of the Merchant Marine) reached BRL 2.2 billion in the first half of 2025, a 15% increase over the same period in 2024. Net revenue totaled BRL 1.9 billion, up 8.6%. Disbursements from the Merchant Marine Fund (FMM) reached BRL 979 million, largely driven by vessel and port infrastructure financing. Reimbursements to Brazilian Shipping Companies (EBNs) totaled BRL 333 million — 72% higher than the first half of 2024.

    • Solstad Offshore confirmed a contract award for the CSV Normand Mermaid with U.S. based SAExploration. The agreement, valued between USD 10 million and USD 30 million, is set to begin in July 2025 for 150 days with potential extensions. The scope also includes two Work Class ROVs, tooling and inspection services to be provided by Omega Subsea.

    Stay updated on key developments in Brazil’s offshore sector — visit WSB. One, our intelligence platform used by leading offshore companies and follow us on LinkedIn and Instagram.

  • WSB tips – Open tenders & more

    WSB tips – Open tenders & more

    By Maria Eduarda Camba

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



    Petrobras SEP Up to 1x PSV MUF: Opportunity 7004436596 new deadline July 22nd, 2025;

    Petrobras Up to 3x SOVs: Opportunity 7004460732 new deadline July 31st, 2025;

    Solstad Offshore has secured a new contract with Petrobras for the Construction Support Vessel Normand Pioneer. The 180-day charter, valued at USD 17M (mob included) , is expected to commence in October 2025.

    BR do Mar decree signed, promoting greener shipping and cutting freight costs by up to 15%, with R$19B annual savings.

  • Offhsore moves: Chartering & strategy

    Offhsore moves: Chartering & strategy

    Chartering & Strategy

    Subsea7, through the Subsea Integration Alliance (SIA), has secured a contract with Equinor to conduct concept studies for Phase 2 of the Bacalhau field in Brazil’s pre-salt Santos Basin.

    The strategic alliance between Subsea7 and SLB OneSubsea brings together teams from the UK, Norway and Brazil.

    Phase 1, expected to start production later this year, is already considered a technological benchmark. The Bacalhau FPSO, featuring MODEC’s next-generation M350 hull, will have a processing capacity of 220,000 barrels per day and connect 19 subsea wells in ultra-deep waters.

    With estimated recoverable reserves exceeding 2 billion barrels of oil equivalent, Bacalhau is operated by Equinor in partnership with ExxonMobil, Petrogal Brasil S.A. and PPSA (Pré-Sal Petróleo S/A).

    Meanwhile, Solstad Offshore has officially signed a long-term contract with Petrobras for the AHTS vessel Normand Turquesa.

    The contract is scheduled to begin in February 2026 and will run for four years, with an estimated gross value of approximately USD 84 million. This agreement follows a series of recent awards between Solstad and Petrobras, reinforcing the vessel’s owners strong positioning in Brazil’s deepwater support segment.

    To know more, visit: cms.oneenergynews.com or contact us: Comercial@cms.oneenergynews.com