OceanPact and CBO to Merge
4, March 2026
OceanPact and CBO plan to combine, forming a 73-vessel offshore support and marine services platform in Brazil with revenue above $778 million and backlog near $2.7 billion.
Brazil
Valaris Preps Two Drillships for Brazil and West Africa
4, February 2026
Valaris confirmed Valaris DS-17 reached Rio for Equinor Energy do Brasil ahead of Raia work, while Valaris DS-15 completes coating and crane scopes in Spain for a 3Q 2026 West Africa start.
DOF Secures 4-Year Petrobras RSV Deal for Skandi Commander
30, December 2025
DOF signs a 4-year Petrobras RSV contract in Brazil for Skandi Commander, featuring AUV operations alongside ROV. The $150 million deal is expected to start in January 2027.
Brazil, Guyana, Argentina steer non-OPEC oil gains
18, December 2025
The EIA’s December outlook projects global crude supply up about 800,000 bpd in 2026, with Brazil, Guyana and Argentina providing nearly half of the increase as non-OPEC production continues to expand.
Valaris seals $300m Shell drilling deal in Brazil
15, December 2025
Valaris Limited has signed a multi-year $300 million contract with Shell for the drillship VALARIS DS-8 on the Orca project offshore Brazil, with operations starting in Q1 2027.
Petrobras May Postpone Buzios Drilling Awards to 2026
27, November 2025
Petrobras is likely to delay awarding up to four Buzios drilling contracts into 2026 as it reassesses reservoir data and contractors update proposals, amid a softening global deepwater rig market.
Petrobras to Bring P-78 FPSO Online at Buzios Field in December
11, November 2025
Petrobras will bring the P-78 FPSO online at the Buzios field in December, adding 180,000 barrels per day of capacity as the company continues deepwater expansion ahead of schedule and within its budget.
Brazil Conducts First Barge-Stacking Operation on Heavy-Lift Vessel
31, October 2025
Brazil completes South America’s first crosswise barge-stacking operation using AAL HAMBURG, departing Belém on 24 Oct and ETA Nueva Palmira 4 Nov.
RED ZED 1 Arrives in Malta to discharge CASTORO 10
16, October 2025
COSCO’s semi-submersible heavy-lift vessel RED ZED 1 arrived in Malta after transporting Saipem’s CASTORO 10 from Brazil
