The mystery has been solved: 3R Petroleum and Enauta have announced the name of the new company resulting from their merger: Brava Energia. In Portuguese, the term “brava” is an adjective that connotes courage.
The merger discussions began in May this year with the final details now being disclosed. The new company will be led by Décio Oddone, who previously headed Enauta, as CEO, and will have a production portfolio of approximately 100.000 boed.
The arrival of the Temporary Floating Pier in Itacoatiara, Amazon, is a significant milestone. This 277.5-meter unit by the Chibatão Group, equipped with three LBS 600 modules, ensures the continuous supply of goods, even during severe droughts.
This modern solution represents the role of ANTAQ and other authorities in promoting flexibility and innovation in collaboration with the private sector to meet rising demands.
In Rio’s Guanabara Bay, the revival of Estaleiro São José (formerly Cassinú) exemplifies the need for non-permanent solutions to accommodate greater length vessels, marking a new phase in the shipbuilding and ship repair industry.
Helix Energy Solutions Group has signed the charter contracts with Petrobras for offshore units Siem Helix 1 and Siem Helix 2. The units remain under marine management of Siem / Sea1. Valued at approximately $786 million, contracts span three years with three years option.
As Helix worked to secure these bids over the past year, Siem ensured continuity of their role as the marine manager for both units.
“These contracts pertain to offshore units rather than traditional marine contracts. As such, the Siem Helix 1 and 2 are not subject to circularization or other common procedures associated with vessel charters, reflecting the specialized and advanced nature of rigless operations driven by Petrobras distinct operational experience”, reveals Raphael Montes, Proposals Manager at WSB Advisors.
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Besides working in oil exploration, PRIO develops a series of social projects, changing lives of a positive way. Since April 2023, for example, the company has sponsored nine Paralympic athletes: Alana Maldonado (judo), Antônio Tenório (judo), Brenda Freitas (judo), Camille Rodrigues (swimming), Diana Barcelos (rowing) , Gabriel Araújo (swimming), Julyana da Silva (discus throw), Wallace Antonio (shot put) and Wilians Silva de Araújo (judo).
Read more in our ninth issue of One.Energy magazine:
In addition to them, PRIO has former swimmer Clodoaldo Silva as an ambassador, who is among the five Brazilians with the most medals in the history of the competition. As such, PRIO is the first private Brazilian oil company with this kind of initiative.
“Team PRIO represents Brazil with excellence. We want to be part of their routine, providing the necessary support for training, travel and whatever else is needed. The objective is to allow them to dedicate themselves almost exclusively to their careers”, says Gabriel Hackme, manager of Incentive Projects and Sponsorships at PRIO.
The athletes wear a uniform made in collaboration with them with minimalist features, shades of blue and white and a graphic representation of tentacles and a skull.
“With the skull we want to convey the message of personal transformation through team spirit, in addition to being a way of having a great impact on the perception of the team by opponents. The tentacles represent the octopus, the name of the company’s first platform and an avant-garde animal mascot in PRIO’s communication”, explains Rick de Abreu, head of Creation of PRIO.
Read more in our ninth issue of One.Energy magazine:
This creative process had the strategic support of Clodoaldo Silva. In a chat with WSB, he told more about this partnership which was created last year and aims to teach customers, society and employees.
“I did some work for them and then they called me for another project, until 2024. I’m happy that they realized that I could go further and represent the company in their ideals. I hope that PRIO inspires other companies. PRIO has shown itself to be a company without prejudice, with important social messages and seeking diversity. They embraced a Paralympic project, contrary to other large companies. PRIO does it because it embraces diversity and is very confident in our potential. Our objective is to lead athletes, teaching them to behave in defeats and victories, and show employees how the corporate world is very similar to the sporting universe”, commented Clodoaldo, responsible for lighting the Paralympic Pyre in Rio-2016.
Read more in our ninth issue of One.Energy magazine:
In August 2023, PRIO launched an advertising campaign called “A Mente é Imparável” (The Mind is unstoppable, in English). This was developed to encourage athletes and was curated by Paralympic swimmer and world record holder, Daniel Dias.
Offshore course
In addition to Clodoaldo, PRIO also has former judo athlete Flávio Canto as an ambassador. Bronze medallist in Athens-2004 (73 -81 kilos), he is also one of the founders and managers of Instituto Reação. The partnership with PRIO gave rise to the Instituto Reação Offshore, which prepares young people to work in the oil and gas market.
“The partnership began with an approach to Instituto Reação a few years ago. Reação’s culture has a lot of synergy with PRIO’s culture which has been built over the years: people, results, nonconformity and boldness. These are the energies that move PRIO’s culture and speak a lot to ours. We used the archetype of the athlete and the samurai as a reference for posture and attitude and this brought us closer. We are going into the second year of the free course”, Flávio Canto told WSB.
With assets located in the Campos Basin, on the north coast of Rio de Janeiro state, PRIO was created in 2015. Its ESG (Environmental, Social and Governance) schedule also has commitments to the environment and culture. The oil company also helps to accelerate motorsport, sponsoring Porsche Carrera Cup driver Nicolas Costa, encouraging martial arts, among others.
“Our efficiency also lies in this, in supporting what really makes a difference in these people’s lives. We identify with the search for high performance and examples of overcoming, discipline and resilience”, concludes Hackme.
On August 24th, we have the exciting Conmebol Under-20 Intercontinental Finals! A special thanks to Evangelos Marinakis and Capital Maritime for graciously hosting a reception for the Rio de Janeiro shipping industry, allowing us to meet and greet the Olympiacos youth team ahead of their big match.
We would also like to express our deepest appreciation to Gerry Gerasimos Ventouris and Kostas Konstantinos Vernikos for their warm welcome, engaging conversations, and for making this event a truly memorable experience for our local shipping community.
While more than half of our office proudly supports Flamengo, the generosity and spirit of Capital Group compel us to cheer:
Go Olympiacos!!!
August 21st: A Memorable Evening ICRJ
In what was truly a highlight of the Navalshore week—the largest maritime trade show in Latin America—we gathered for an unforgettable evening at the Iate Clube do Rio de Janeiro.
A heartfelt thank you to our dear friend Alex Ikonomopoulos from Posidonia, our gracious host who extended invitations to William Tan from WTN LAK, Mauricio Almeida from Pinheiro Almeida, Dahir Chede from Asgaard Bourbon, and many other esteemed colleagues.
We were thrilled to reconnect with old friends and top professionals from our brokerage industry, including Dante Carvalho and Fernando Elias from Brazilship, Eduardo Veiga and Felipe França from Aspen Offshore, and our valued clients from Solstad Offshore, Felipe Meira and Diogo. A special mention to Asgaard’s Fernanda Esteves, Bravante’s Luanny Brandão and Renato Nascimento, Camorim’s Carlinhos and Eduardo Adami, and Gerasimos Ventouris from Capital Group for making the night even more memorable.
What a blast!
The Federation of Industries of the State of Rio de Janeiro has unveiled a detailed report on Brazil’s maritime market, with a special focus on Rio de Janeiro. This report is one of the key sources we use to validate information for WSB One, the largest and most comprehensive database in the market.
Key Highlights:
Economic Power
Evolution of the Maritime Support Fleet
Investments
Decommissioning
Rio de Janeiro
From Tuesday (20th), to Thursday (22nd), Rio de Janeiro will host the 18th edition of Navalshore, the largest maritime industry trade show in Latin America. The event brings together the key players in the sector at a crucial moment of technological transformation and innovation. With a total of 49 presentations and 110 exhibitors, Navalshore reaffirms its role as the epicenter for strategic discussions and knowledge exchange in the maritime industry in the country.
Among this year’s participants are major companies such as Belov Engenharia, Grupo Bravante, Transpetro, and Vale, highlighting the event’s broad scope and influence. WSB Advisors will also be present, represented by Ronaldo Lima, Senior Advisors at WSB, who will actively engage in discussions and networking.
“Navalshore offers a valuable opportunity for networking and discussing current market scenarios with both our existing clients and potential new contacts. Moreover, it serves as a platform to strengthen relationships and forge new connections. We are at a time of great challenges and opportunities, and participating in this event is essential for align our strategies and consolidating our market presence. It will be a unique and enriching experience,” says Ronaldo Lima.
Francisco Francilmar from PRIO made a compelling analogy between the EiffelTower ’s enduring legacy and the potential longevity of offshore oil and gas assets.
Just as the Eiffel Tower has surpassed its intended lifespan through robust engineering and consistent maintenance, some offshore structures have also exceeded their projected lifespans, continuing to operate safely and efficiently.
In Brazil, over 20 offshore units and fields will reach their life-of-field limits within the next decade., while our country currently lacks both a regulatory framework and the necessary infrastructure to dismantle and dispose of these assets responsibly. This imbalance extends beyond our borders when “oil and gas” waste is exported to other regions for dismantling, often in under-regulated environments. While some cases, such as the FPSO Fluminense from Shell being correctly disposed of in Denmark ‘s. M.A.R.S, set a positive precedent, much work remains to ensure sustainable practices.
Francilmar’s initiative to highlight the importance of extending the life of existing fields and offshore units is aligned with an immediate and viable solution for our industry. By doing so, we can maximize the social and economic benefits of these assets while preparing to develop the necessary regulatory framework and infrastructure to manage their eventual disposal sustainably.
We recognize Nelson Queiroz Tanure ‘s PRIO as a key player in this segment and encourage society and nvestorsto place ustainability at the forefront of their decision-making processes.
WSB Advisors is pleased to announce the appointment of Genesio Ramos as our New Building Lead. With an extensive background and recognized expertise in the shipbroking industry, Genesio will collaborate closely with Paulo de Tarso Rolim de Freitas and Ronaldo Lima to drive excellence in our shipbuilding and repair segments.
Genesio has already made significant contributions to WSB Advisors through various chartering opportunities, and his expanded role comes at a time as the Brazilian market enters a new phase of shipbuilding and new building charter activity.
Exciting times at WSB Advisors as we continue to grow and innovate.
WSB Advisors is pleased to announce that Daniel Buckley has assumed the role of Chartering Manager at WSB Advisors, increasing the seniority of our team. Daniel brings loads of experience to this position, having previously served as our Tankers and Projects Lead.
A seasoned professional in the shipping industry, Daniel’s career includes significant roles at Stolt-Nielsen Limited, Pannonia Ethanol kft, and Pole Shipping, with a decade of valuable experience working in Geneva, Switzerland. Since joining WSB Advisors in 2016, Daniel has continuously demonstrated his expertise and commitment, contributing significantly to our success.
WSB Advisors is glad to welcome Pedro Pellegrini as Intern, Market Intelligence in our Commercial team.
Pedro joins us from CODERTE, from Rio de Janeiro, as Intern in the design and development of Guanabara Bay passenger transport projects.
Our new member is to conclude his Naval Architecture and Marine Engineering at the prestigious Federal University of Rio de Janeiro.
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