Moody’s places Petrobras’ ratings on review for downgrade

DECEMBER 23, 2014 — Moody’s Investors Service today placed Petrobras S.A.’s Baa2 global foreign currency and local currency debt ratings on review for possible downgrade. The rating action reflects concern about potential

Criminal investigation involving Petrobras widens

DECEMBER 14, 2014—Brazil’s state-controlled Petrobras, one of the world’s largest oil companies, said it would once again delay the filing of its third quarter financial statements “in the light of new facts”

GE technology cuts fuel consumption for Brazilian PSVs

DECEMBER 14, 2014—Improving fuel consumption and energy efficiency are a big part of GE’s involvement in a series of new Platform Supply Vessels that will go to work for Petrobras in the

First oil flows from deepwater Jack/St. Malo in U.S. Gulf

DECEMBER 3, 2014—The first oil and gas production from the Jack/St. Malo project in the Lower Tertiary trend in the deepwater U.S. Gulf of Mexico—with a water depth of some 7,000 feet—has

Royal IHC launches a Subsea 7 pipelayer

NOVEMBER 28, 2014 — Royal IHC’s Krimpen aan den IJssel, Netherlands, shipyard today successfully launched Subsea 7’s 550 t pipelaying vessel, Seven Rio. The naming ceremony was performed by Mrs Anelise Lara,

Rolls-Royce books its largest single subsea contract yet

OCTOBER 29, 2014 — Rolls-Royce has won its largest subsea vessel project yet. It has signed a £24 million (about $38.7 million) contract with Ocean Yield ASA that will see it supply

Havyard books breakthrough Brazilian order

AUGUST 29, 2014 — Norway’s Havyard Group is to supply Grupo CBO of Brazil with design and equipment packages for four 81.5 m Havyard 843 design AHTs. The NOK 180 million (about

Rolls-Royce to supply cranes for nine Brazilian built PSVs

AUGUST 27, 2014 — Rolls-Royce has signed a contract with Detroit Chile SA to supply offshore cranes to nine Guido Perla designed platform supply vessels (PSVs) under construction at Detroit Brasil Ltda.

Wilson Sons to built two Damen PSVs for Petrobras charter

JULY 10, 2014 — Wilson Sons (Brazil) and Damen Shipyards Group have signed a contract that will see two Damen PSV 5000 platform supply vessels built at Wilson Sons Guarujá II (SP)

Eastern Shipbuilding delivers another PSV for Boldini

MAY 24, 2014—One of the leading shipbuilders of offshore support vessels in the world, Eastern Shipbuilding Group, Inc., Panama City, FL, recently delivered the M/V Bravante VII, the third in a series