Fossil Energy – Start-up
TotalEnergies announces the start-up of the Lapa South-West project, located in the Santos Basin, approximately 300 kilometers offshore Brazil.
[Read more…] about Start-up of Lapa South-West offshore BrazilTidewater announces all-cash acquisition of Wilson Sons UltraTug
General – Acquisition
On 22 February 2026, Tidewater acquired Wilson Sons Ultratug and Atlantic Offshore Services in an all-cash deal valued at approximately $500 million, including the assumption of roughly $261 million in debt.
[Read more…] about Tidewater announces all-cash acquisition of Wilson Sons UltraTugShell sells 20% stake in Brazil’s Orca Deepwater Project
General – Acquisition
Shell has agreed to sell a 20% interest in the Orca deepwater project offshore Brazil to Kuwait Foreign Petroleum Exploration Company (KUFPEC).
[Read more…] about Shell sells 20% stake in Brazil’s Orca Deepwater ProjectSeadrill secures new contract for idle drillship
Fossil Energy – Drilling
Seadrill has secured a new contract in Malaysia for its 10,000-ft drillship West Capella and an extension of the current contract in Brazil for the 12,000-ft drillship West Carina.
[Read more…] about Seadrill secures new contract for idle drillshipBrava Energia to buy Petronas stake in Campos Basin Assets
Fossil Energy – Acquisition
Brazil’s Brava Energia has signed an agreement to acquire Petronas’ 50% equity interest in the Tartaruga Verde field and in Module III of the Espadarte field in the Campos Basin.
[Read more…] about Brava Energia to buy Petronas stake in Campos Basin AssetsTransocean nets $168M in two rig contracts
Fossil Energy – Drilling Contracts
Transocean has secured a new contract and an extension for two of its rigs, adding approximately $168 million to its firm backlog.
[Read more…] about Transocean nets $168M in two rig contractsPetrobras announced first oil from P-78 FPSO
Fossil Energy – Production
On December 31, 2025, Petrobras marked a significant milestone with the start of oil production from the P-78 floating production unit (FPSO) in the Búzios field, located in the pre-salt layer of the Santos Basin.
[Read more…] about Petrobras announced first oil from P-78 FPSOOceanPact wins $90 million vessel contract with Petrobras
General – Charter Agreement
Brazilian shipping group OceanPact has signed a new contract worth more than 500 million reais ($90 million) with Petrobras for work offshore the South American nation.
[Read more…] about OceanPact wins $90 million vessel contract with PetrobrasSeven contract extensions for DOF
General – Contract Extension
DOF has secured seven contract extensions with Petrobras in Brazil, reinforcing its long-standing partnership and commitment to delivering safe and reliable offshore services.
[Read more…] about Seven contract extensions for DOFValaris announces multi-year contract for VALARIS DS-8
Fossil Energy – Brazil
Valaris announced it has been awarded a multi-year contract with Shell offshore Brazil for drillship VALARIS DS-8.
[Read more…] about Valaris announces multi-year contract for VALARIS DS-8