Port towing service providers Groupe Ocean of Canada, Sulnorte of Brazil, and CPT Towage of Chile have established a strategic cooperation network with the aim of enhancing port towing operations. The TugNetwork Team will offer better services and alternatives for customers and wide coverage as...
(Bloomberg) — Constellation Oil Services Holding SA’s bondholders are reaping a windfall due to increased demand for the company’s offshore rigs from Petroleo Brasileiro SA, a sharp recovery for a…
https://gcaptain.com/petrobras-offshore-spending-spree-fuels-rally-in-oil-rig-bonds/
Dubai-based terminal operator DP World has partnered up with Brazilian railway operator Rumo to build a grain and fertilizer terminal at the Port of Santos in Brazil. The new terminal, estimated to cost about $500m, will handle 9m tonnes of grains and 3.5m tonnes of fertilizers a year. Construction...
Norwegian offshore vessel operator Siem Offshore through its Brasilian subsidiary has won a new contract for the oil spill recovery vessel (OSRV) Siem Marataizes. The new deal for the 2016-built vessel will last for four years and will start in the second quarter of 2024. Siem Offshore has two...
https://splash247.com/siem-offshore-gets-new-deal-in-brazil-for-oil-spill-recovery-vessel/
Tokyo-based offshore floating platform expert, MODEC Inc. has announced being awarded the Front-End Engineering and Design (FEED) contract for a new Floating Production, Storage and Offloading (FPSO) system for Shell’s…
https://gcaptain.com/modec-secures-feed-contract-for-shells-gato-do-mato-fpso-project-in-brazil/
It seems appropriate to get all biblical this week, just after Easter. When Saint Paul wrote in his letter to the Galatians that “a man reaps what he sows,” he probably wasn’t thinking about corruption in the oil and gas industry two millennia later. But the last month has seen no less than four...
Petrobras has green-lighted the chartering of offshore support vessels to cover short-term demand in the next couple of years and also revealed long-term plans to hire newbuild tonnage, which will focus on new technological solutions for the efficiency of its operations and reducing greenhouse gas...
https://splash247.com/petrobras-reveals-osv-chartering-game-plan/
Brazilian shipyard Itaguaí Construções Navais has launched the third Riachuelo-class diesel-electric submarine ordered by the Brazilian Navy. Like its Riachuelo-class sisters, the future Tonelero is a variant of the Scorpene-class boats originally developed by French shipbuilder the Naval Group....
Norwegian weather intelligence specialist StormGeo has taken over the remaining stake of Brazil-based weather forecast specialist Climatempo. StormGeo, a part of Alfa Laval, first took the initial 51% stake in Climatempo back in 2019. In 2023, the Bergen-based firm bought a further 38.66%,...
https://splash247.com/stormgeo-takes-full-ownership-of-brazilian-meteorological-service-firm/
“Fix the balance sheet before you fix the business.” This was the sage advice we gave two weeks ago when we compared Tidewater to its moribund and indebted competitors. We noted that Hornbeck, Bourbon, and Edison Chouest still have some way to go in resolving their balance sheet problems. But if...