DOF Group has secured four long-term contracts with Petrobras worth $480 million for its AHTS vessels, strengthening its position in Brazil’s offshore market. The deals extend DOF’s backlog into 2030, highlighting confidence in the region’s growing oil and gas demands.
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Prosafes Q1 2025 earnings show revenue dipping to $33 million and EBITDA halving to $4.6 million, but the offshore accommodation specialist is piecing together a fragile comeback through contracts, vessel sales, and a major recapitalization. The pending Petrobras deal and debt-for-equity swap offer hope, but execution remains critical for survival.
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Brazils Petrobras is seeking Chinese investment to revive its oil and shipbuilding sectors, with CEO Magda Chambriard pitching a win-win partnership during high-profile talks in Beijing. The move aims to modernize Brazils aging shipyards and tap into offshore oil reserves while offering Chinese firms new opportunities.
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Solstad Offshore has secured three major contracts with Petrobras, including two AHTS vessels and one CSV, signaling strong momentum in deepwater oilfield services. The four-year deals, set to begin in 2025 and 2026, highlight growing demand for subsea intervention services in Brazil’s pre-salt fields.
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Brazil’s Petrobras has struck gold—again—unearthing a massive hydrocarbon cache in the Santos Basin, powered by cutting-edge tech and a $77 billion bet on the future of energy. Dive into how this discovery could reshape global energy markets and fuel Brazil’s ambitions on the world stage.
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