AKOFS Offshore Inks $246M Vessel Deal with Petrobras
Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras, for its subsea equipment support vessel AKOFS Santos, which will continue to operate offshore Brazil.Following a competitive tender process, the vessel will continue to perform services as a multi-purpose supply vessel (MPSV) for Petrobras in Brazil under a new contract.The contract has a duration of four years, with operations expected to start in January 2027, following the expiry of the current contract and necessary preparations for the new engagement.The 121-meter-long
Vallourec Bags Another OCTG Order from Petrobras
French tubular solutions supplier Vallourec has secured a new order from Petrobras for its Submagnético Free Flow oil country tubular goods (OCTG) solution designed to prevent inorganic scaling in production strings.The order covers the production and installation of more than 30 units, to be delivered and installed in Brazil’s offshore pre-salt fields.Submagnético Free Flow is a technology that applies a magnetic field on the extracted fluid and reduces the formation of inorganic scaling on the production string.With this solution, operators are expected to achieve significant
Baker Hughes to Supply Up to 50 Subsea Trees for Petrobras' Brazil Fields
Baker Hughes, an energy technology company, has secured a contract from Petrobras to supply up to 50 subsea tree systems and associated services to support offshore oil and gas production across multiple fields in Brazil.The modern subsea systems will enhance recovery in established fields including Albacora, Jubarte and Barracuda-Caratinga. They will also be deployed in more recent pre-salt developments, including the Mero and Buzios fields, to optimize production in new wells.Under the agreement, Baker Hughes will manufacture Petrobras’ pre-salt standard subsea trees, as well as subsea distribut
Oil Firms Urge Brazil to Review Subsea7 - Saipem Merger
Exxon Mobil, Brazilian state-run Petrobras and oil services provider TechnipFMC petitioned the country's antitrust regulator Cade to intervene in a merger between energy contractors Subsea7 and Saipem, public documents seen by Reuters show.In filings submitted on Thursday, the firms said the merger between Norway's Subsea7 and Italy's Saipem would bring a level of concentration in the subsea oil and gas services market that could drive up costs and curb competition.The firms want Cade to block the merger or impose remedies to preserve competition in Brazil, such as asset sales, a source
French Firm Bags $1B Offshore Pipe Order from Petrobras
French tubular solutions supplier Vallourec has secured a major contract by Petrobras for the supply of Oil Country Tubular Goods (OCTG) products and services for its offshore operations from 2026 to 2029.The long-term agreement could generate total revenue of up to $1 billion, representing the widest award both in volumes and revenues since Petrobras adopted the open tender strategy.This contract covers the full OCTG scope of supply for seamless pipes and VAM premium connections required for Petrobras’ offshore wells from 4.5-inches up to 18-inches, including carbon and stainless-steel tubulars
Oceaneering Inks $180M Subsea Robotics Contracts with Petrobras
U.S.-based subsea services and technology firm Oceaneering International has through its Brazilian subsidiary Marine Production Systems do Brasil (MPS) secured multiple subsea robotics contracts from Petrobras.The contracts were awarded during the second quarter of 2025, following a competitive tender.The anticipated aggregate revenue of the contracts is approximately $180 million.Oceaneering will provide work class remotely operated vehicle (ROV) services, specialized tooling packages, and survey services onboard multiple anchor handling and ROV support vessels working on Petrobras projects offshore
Petrobas Awards Fugro Four Multi-Year Contracts
Petrobras has announced tender results awarding Fugro four significant multi-year contracts for the inspection and monitoring of critical subsea infrastructure in Brazil. The contracts, once signed, will commence in the fourth quarter of 2025 and span four years with potential one-year extensions. Each of the four day-rate contracts is assigned to a dedicated vessel—two operated by Fugro and two by partner companies—all of which will be equipped with Fugro’s state-of-the-art remotely operated vehicles (ROVs) for comprehensive and precise inspection and monitoring of subsea assets.
Petrobras, TechnipFMC Kick Off Electric-Actuation Pilot in Brazil
TechnipFMC and Petrobras have agreed to test and monitor a new electric actuation technology that is set to join the TechnipFMC eSolutions portfolio of electrical subsea systems.Scheduled for integration into a subsea tree planned for installation in 2026, the technology leverages both companies’ strengths to push the boundaries of subsea innovation.Through the pilot project, the companies demonstrate their commitment to advancing and scaling subsea field electrification. The project is set to accelerate the development of subsea electrification technology towards an all-electric field.The
Global OTEC: Deployment of New Onshore Power Module
communities, the the OTEC Power Module® offers a low-carbon alternative for long subsea tiebacks, reducing both CAPEX by 50%. This pilot comes just months after Global OTEC introduced the Power Module® at the 1st Brazilian Workshop on Geothermal Energy Utilization and Storage, hosted by Petrobras. In parallel, the company is advancing construction of its floating, storm-resistant prototype in Gran Canaria, Spain, showcasing both the energy system and structural innovations required to scale OTEC offshore.
August 2025
