Foresea Wins Petrobras Drillship Contract
26, March 2026
Foresea has won a new Petrobras contract for the drillship ODN I offshore Brazil, adding about $465 million to backlog with work set to begin in early 2027.
Brazil offshore
Brazil Offshore Project Prepares to Bring Two More Wells Online
24, March 2026
PRIO said two more wells at Brazil’s Wahoo field are due online soon as the company keeps its target of 40,000 barrels of oil per day by the end of April. The first well has already stabilized at 12,000 barrels per day.
PRIO Gets 14-Well Frade Drilling Approval
18, March 2026
PRIO has secured approval to drill up to 14 new wells at the Frade field in Brazil’s Campos basin, following a licence amendment from Ibama and recent progress tied to the Wahoo project.
Oceanica Engenharia Signs Petrobras Vessel Contracts
17, March 2026
Oceanica Engenharia signed about $736 million in new and renewed charter contracts with Petrobras, with vessel operations set to start in the first half of 2027 and continue through 2031 as backlog rises to about $2.3 billion.
Tidewater to Acquire WSUT for $500 Million
23, February 2026
Tidewater signs a $500 million all-cash agreement for WSUT, adding 22 PSVs, expanding Brazil presence from 6 to 28 vessels, and bringing $441 million backlog.
Floatel Victory Locked In for Brava Energia MSU Work
5, February 2026
Floatel International has signed a firm six-month MSU contract with Brava Energia for the 2013-built Floatel Victory offshore Brazil, with work due to start in Q4 2026 and options to extend.
MSC Rejects Northern Sea Route for Container Shipping
31, January 2026
Seadrill has secured a one-year extension for drillship West Saturn after Equinor Brasil Energia exercised a priced option. The deal adds $114 million to backlog and runs through October 2027.
Seadrill Extends West Saturn Deal Offshore Brazil
31, January 2026
Seadrill has secured a one-year extension for drillship West Saturn after Equinor Brasil Energia exercised a priced option. The deal adds $114 million to backlog and runs through October 2027.
Seadrill Wins New Work for West Capella and West Elara
22, January 2026
Seadrill awarded new contracts for West Capella in Malaysia and West Elara with Equinor AS in Norway, while extending West Carina through April 2026.
