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 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 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 completes South America’s first crosswise barge-stacking operation using AAL HAMBURG, departing Belém on 24 Oct and ETA Nueva Palmira 4 Nov.
COSCO’s semi-submersible heavy-lift vessel RED ZED 1 arrived in Malta after transporting Saipem’s CASTORO 10 from Brazil
