
Shell to Sell 20% of Brazil’s Orca to KUFPEC
Shell agreed to transfer 20% of the Orca offshore Brazil project to KUFPEC while keeping operatorship. Post-close shares are set at Shell 50% and Ecopetrol 30%, with completion targeted for late 2026.

Shell agreed to transfer 20% of the Orca offshore Brazil project to KUFPEC while keeping operatorship. Post-close shares are set at Shell 50% and Ecopetrol 30%, with completion targeted for late 2026.

OceanPact has signed a four-year AHTS-TO charter with state-controlled Petrobras worth more than 500 million reais ($90 million) for the vessel Rochedo de Sao Paulo, starting hose work offshore Brazil in 2026.

Brazil’s antitrust authority CADE is reviewing the Saipem–Subsea 7 merger as Petrobras, ExxonMobil, and TechnipFMC warn of competition risks in subsea and PLSV markets.
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