WSB-Advisors, Avenida Rio Branco, 12, Rio de Janeiro (2026)

28/08/2026

TotalEnergies and Petrobras secure 4.9 million barrels in PPSA spot auction

TotalEnergies and Petrobras were the winners of Brazil’s 8th Union Spot Oil Auction, held by Pré-Sal Petróleo (PPSA) on August 26.

TotalEnergies secured three Búzios lots totaling 4 million barrels. The volumes are associated with production from the FPSO Almirante Tamandaré, FPSO Almirante Barroso, P-78 and P-79.

The first two lots each comprise 1 million barrels from Almirante Tamandaré and Almirante Barroso, with loading expected between October and December. The third includes two 1-million-barrel cargoes from P-78 and P-79, scheduled for November and December.

Petrobras secured the Atapu lot, comprising approximately 900,000 barrels associated with production from the P-70. Loading is expected in early November.

Of the eight lots offered, four Búzios lots were not awarded. Together, they represent approximately 8 million barrels and are expected to be offered again by PPSA in September.

The auction volumes had been revised ahead of the sale due to logistical considerations involving the FPSOs. Following the adjustments, approximately 12 million barrels from Búzios and 900,000 barrels from Atapu were offered.

Price offers were referenced to Dated Brent and opened during the auction with participating companies. PPSA does not immediately disclose the final values obtained in its spot sales, with results published 15 days after the respective cargoes are loaded.

27/08/2026

P-80 and P-82 prepare to sail for Brazil

Petrobras and Seatrium held the christening and sailaway ceremony for the P-80 and P-82 FPSOs on Thursday, August 27, at the Tuas Boulevard Yard in Singapore.

Both units are in the final stage of module integration and are expected to begin their voyages to Brazil in the coming weeks. P-80, which will operate as Búzios 9, will be the first to leave the shipyard, followed by P-82, the Búzios 10 production system.

Production from both FPSOs is scheduled to start in 2027.

Each unit has capacity to produce up to 225,000 barrels of oil per day and process 12 million cubic meters of gas per day. Together, P-80 and P-82 will add 450,000 bpd of nominal oil production capacity and 24 million cubic meters per day of gas processing capacity to the Búzios development.

The two FPSOs are part of Petrobras’ new generation of high-capacity production units, incorporating technologies including closed flare systems, methane detection, CCUS and digital twins.

P-80 and P-82 are also part of a broader six-unit high-capacity cycle that began with FPSO Almirante Tamandaré. The program also includes P-83 for Búzios, P-84 for Atapu and P-85 for Sépia.

Part of the construction was carried out in Brazil. Process modules for P-80 were fabricated at Seatrium BrasFELS in Angra dos Reis, Rio de Janeiro, while modules for P-82 were built at Seatrium’s Aracruz yard in Espírito Santo. Other components were produced in China, Singapore and Indonesia before being transported to Singapore for final integration.

With P-80, P-82 and P-83 scheduled to enter production in 2027, Petrobras expects Búzios to exceed 2 million barrels per day of installed production capacity.

27/08/2026

Por Onde Anda? At 44, the former NS Loreto may be heading back to STS

Built in Niterói in 1982, Ilha de Tinharé — the former NS Loreto — is back on the Brazilian offshore market’s radar.

After spending months without a contract, the vessel was placed for sale by OceanPact. According to market sources heard by One Energy News, it has now been acquired by Uruguay-based Meina Offshore Services and is being prepared for a new ship-to-ship operation.

For Loreto, STS is not a new chapter.

Originally built as a supply vessel, it later operated within the Delba and Bourbon fleets before being converted for lightering support in 2013. AET described it as the first dedicated Lightering Support Vessel deployed in Brazil.

OceanPact began operating Loreto in 2014, releasing it from an OSRV assignment with OGpar to support AET’s STS operations. It would only acquire the vessel from Bourbon in 2019, later renaming it Ilha de Tinharé.

That conversion helped extend the vessel’s operational life by more than a decade.

Now comes the interesting part.

Sources say Meina intends to return the vessel to STS support and that it is undergoing work at Dock Brasil. Efforts were also reportedly made to position it for a Brazilian operation involving Fendercare.

However, sources close to the transaction say the sale may contain a restriction on the vessel being employed in Brazil. One Energy News has not reviewed the agreement and is still confirming whether such a provision exists and, if so, its precise scope.

There is also an unusual coincidence.

On July 28, OceanPact signed an agreement to acquire Dock Brasil for approximately R$119 million. An asset recently sold by OceanPact may therefore be preparing for its next contract at the same shipyard its former owner is acquiring.

The real question is no longer whether a 44-year-old PSV can find another job.

It is whether Ilha de Tinharé can return to the Brazilian STS market under its new owner — and what the terms of its sale will actually permit.

One worth watching.

26/08/2026

One Energy News | BREAKING NEWS

• MODEC’S FPSO ERREA WITTU ARRIVES IN GUYANA AHEAD OF UARU START-UP

MODEC’s FPSO Errea Wittu has arrived in Guyana, where it will undergo final offshore preparations and commissioning ahead of first oil from the Uaru development in the Stabroek Block.

The FPSO is designed to produce approximately 250,000 barrels of oil per day and treat 540 million cubic feet of associated gas per day. First oil is expected in the fourth quarter of 2026.

Developed for ExxonMobil Guyana, Errea Wittu will serve the Snoek, Mako and Uaru resources. The Uaru development represents an investment of approximately US$12.7 billion.

• NAVITAS MOVES FORWARD WITH SECOND FPSO FOR SEA LION

Navitas Petroleum has exercised an option to acquire the OSX-1 as a second FPSO for the Sea Lion development offshore the Falkland Islands.

The acquisition is valued at approximately US$125 million, excluding anticipated upgrade costs. Navitas estimates that adding the second FPSO could increase Sea Lion’s production capacity by a further 125,000 barrels of oil per day and accelerate subsequent development phases.

The Aoka Mizu FPSO will serve the first two development phases, with first oil from the initial phase targeted for the first quarter of 2028. OSX-1 is planned for the subsequent development of the Central Development Area.

• RAIA GAS PIPELINE PROJECT ADVANCES TOWARD 2028 START-UP

Equinor’s Raia project continues to advance toward its planned 2028 start-up. Its approximately 200-kilometer offshore gas pipeline will connect the Raia FPSO directly to Brazil’s gas transportation network near Cabiúnas, in Macaé.

The project will have capacity to export 16 million cubic meters of natural gas per day, potentially supplying around 15% of Brazil’s gas demand.

Raia represents an investment of approximately US$9 billion. Equinor operates the project with a 35% interest, alongside Repsol Sinopec Brasil with 35% and Petrobras with 30%.

Read more at oneenergynews.com

26/08/2026

Normand Valiant secures two more years with Petrobras in Brazil

Solstad has secured a new two-year contract with Petrobras for the CSV Normand Valiant, extending the vessel’s employment in Brazil.

The new contract is expected to start in the fourth quarter of 2026, following completion of the current Petrobras agreement and a scheduled class renewal. The gross contract value is approximately USD 62 million.

Normand Valiant will continue providing accommodation services in support of offshore production activities on the Brazilian continental shelf. The DP2 construction support vessel is equipped with a walk-to-work gangway system and can accommodate up to 120 people.

The vessel has been working for Petrobras under this scope since 2022. Its original two-year contract started in the second quarter of that year and was later extended.

A subsequent 1.5-year firm contract was announced by Solstad in November 2024 and started in February 2025.

Built in 2008, Normand Valiant is 78 meters long, has a deadweight of 3,111 tonnes and a 681 m² cargo deck.

The vessel is owned by Solstad Maritime and will remain on bareboat charter to Solstad Offshore, which holds the contract with Petrobras.

The latest award extends a Petrobras relationship that began in 2022 and is expected to keep Normand Valiant committed to Brazil into 2028.

Maritime OilAndGas OneEnergyNews

24/08/2026

One Energy News - Ago 24, 2026

Our Weekly and Market Update is out. Check the latest news on the Brazilian offshore market below!

21/08/2026

Oceânica points to possible redeployment of SUB XIII and SUB XVIII under Petrobras contract

Oceânica expects to reallocate SUB XIII and SUB XVIII to its Hull Inspection contract with Petrobras, according to the company’s second-quarter results.

The vessels had their respective contracts terminated while still in the final stages of mobilization and before operations under those contracts had started. The contracts related to SUB XIII were terminated on May 19, while those related to SUB XVIII were terminated on July 31. Oceânica has contested both decisions through the contractual mechanisms available.

Before those mobilizations, both vessels had already worked for Petrobras under the Hull Inspection scope. SUB XIII performed the service for approximately 18 months, until January 2026, while SUB XVIII operated for approximately 13 months, until April. According to Oceânica, both vessels remain fully operational and available.

In May, Oceânica signed a 535-day extension to its Hull Inspection contract, adding approximately R$ 650 million to its backlog. The company identifies this contract as one of the main alternatives currently being evaluated for the two vessels, while continuing to assess other commercial opportunities.

In an interview published by Bloomberg, CFO James Lynch indicated that one vessel could return to work by the end of the third quarter and the other at the beginning of the fourth quarter.

The redeployment, however, has not yet been confirmed by Petrobras. The company said that the selection and utilization strategy of vessels under the Hull Inspection contract are the contractor’s responsibility, subject to contractual requirements and Petrobras’ prior acceptance.

The potential redeployment is particularly relevant given the scale of the relationship between the companies. Oceânica’s own financial statements show that Petrobras represented 99% of its total revenue in the first half of 2026, compared with 95% in 2025.

Maritime OneEnergyNews

20/08/2026

ATLANTIC DAMA — WHEN THE TIDE BECOMES PART OF THE OPERATION

Built in 1974, ATLANTIC DAMA (IMO 7382421) is 52 years old and still active under the Argentine flag. The 950 GT, 1,399 DWT offshore tug/supply vessel is owned and commercially managed by Paraná Logística S.A. since 2018.

Her recent record is more relevant than her age. In 2023, she supported preparatory work for Google’s Firmina subsea cable off Las Toninas. In August 2026, she was operating in Río Negro, supporting offshore activities connected with Punta Colorada and the VMOS development.

On 8 August, during a turning manoeuvre at San Antonio Este, ATLANTIC DAMA came to rest on a sandbank approximately 75 metres from shore, outside the navigation channel.

No injuries or significant damage were reported, and no immediate environmental risk was identified. Prefectura Naval Argentina maintained radio contact, with response assets standing by.

The crew waited for the next high water. At around 17:20, ATLANTIC DAMA refloated by her own means.

That detail matters.

San Antonio Bay is a macrotidal environment, where tidal ranges can exceed nine metres — compared with approximately 1.2 metres during spring tides in Santos.

There, the tide is not background information. It is an operating parameter.

Within days, ATLANTIC DAMA was back at work. Together with BREMEN HUNTER, she participated in positioning the Combifloat C7 platform off Punta Colorada following a controlled tow of approximately 60 nautical miles.

A grounding is never the achievement. The response is the story: communication, patience, use of the tidal window and a controlled return to service, while the causes of the incident remained under investigation.

At 52, ATLANTIC DAMA reminds us that vessel age alone says very little. And Parana Logistica who also serves the market with Salvage operations, self-managed.

Condition, crew and operational discipline say far more.

Every Thursday, a new Por Onde Anda? Stay tuned.

20/08/2026

BELOV BEGINS R$230 MILLION SDSV NEWBUILD PROGRAM FOR PETROBRAS

Belov Shipyard, in Simões Filho, Bahia, has started construction of two Shallow Diving Support Vessels, SDSVs, for Petrobras under a R$230.2 million newbuilding program.

The project is financed through Brazil’s Merchant Marine Fund, FMM, with Caixa Econômica Federal as financial agent.

The first vessel, Belov Arembepe, has reached the keel-laying stage. Construction began in February and is expected to be completed within 19 months, with entry into operation scheduled for the second half of 2027.

The 40.5-meter vessel will support inspection, maintenance, shallow diving and ROV activities on offshore assets.

Belov Arembepe will become the fourth SDSV in the group’s fleet and the third vessel of this type built by Belov’s own shipyard. It follows the Robert Allan RAlly 4000 design used for Belov Humaitá and Belov Amaralina.

Earlier this year, Belov signed eight four-year contracts with Petrobras totaling R$2.7 billion, covering the operation of four SDSVs, including the new Belov Arembepe.

20/08/2026

FIRJAN’S NEW NAVAL PANORAMA MAPS BRAZIL’S SHIPBUILDING RECOVERY THROUGH 2032

Firjan has released the 7th edition of its Panorama Naval no Rio de Janeiro during Navalshore 2026, mapping the scale of Brazil’s current shipbuilding recovery and the markets expected to sustain activity over the coming years.

Rio de Janeiro remains at the center of this industrial base. According to Firjan, the state concentrates 24 of Brazil’s 49 shipyards, 66,000 of the country’s 181,000 jobs related to naval activities and 82% of the maritime platforms currently operating in Brazil.

One of the main sources of future demand is Petrobras’ Mar Aberto program, which foresees 96 new vessels through 2032 and an estimated R$32 billion in investment in Brazil’s naval industry.

The portfolio includes 40 offshore support vessels, 20 cabotage ships, 18 barges and 18 pushboats. In parallel, operators’ offshore portfolios include around 20 platforms planned for the coming years, with some projects already generating contracts for Brazilian industry and others still under tender.

The opportunity extends beyond newbuilds. Brazil currently has around 170 offshore production units installed, 77 of them in operation, as well as approximately 475 offshore support vessels — supporting an established market for repair, maintenance and lifecycle services.

Firjan also identifies decommissioning, vessel dismantling and the offshore wind supply chain as potential new sources of demand capable of diversifying shipyard revenues and reducing dependence on newbuilding cycles.

The numbers reinforce the scale of the opportunity now facing Brazil’s naval industry. The next challenge is turning this pipeline into sustained activity across shipyards, suppliers and the domestic industrial chain.

Firjan

WSB-Advisors

28/08/2026

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