BW Offshore has sealed an agreement to acquire 70% of Brazil’s Maromba offshore field for a price of $90m from Petrobras.

As the offshore market starts to turn the corner some 33 FPSO projects are expected to be sanctioned over the next three years according to analysts Rystad Energy.

Aker Solutions, a global provider of products, systems and services to the oil and gas industry, has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil's pre-salt area.

The Middle East market as well as the offshore accommodation (OA) vessels segment has done well for PACC Offshore Services Holdings (POSH), with all the offshore supply vessels (OSVs) assigned to the region fully deployed on long-term charters and the group’s two semi-submersible accommodation vessels achieving high rates and utilisation levels.

Mitsui OSK Lines (MOL) is making a full fledged foray in the subsea support vessel sector taking a stake in AKOFS Offshore.

MISC belatedly provided more details about its 10-year long term charter contract with Petrobras signed in May, revealing that the deal was worth $645m.

AET Tankers, the petroleum transportation unit of Malaysia’s MISC, is building on its relationship with Brazilian national oil company Petrobras, winning another, bigger shuttle tanker contract.

Norway-based Aker Solutions won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil, expanding its business in a key international market, the company announced Thursday.

A number of former senior executives of Keppel Corp are reported have been arrested and bailed in Singapore over a corruption scandal involving Keppel Offshore & Marine in Brazil.

The $422m in fines for corruption in Brazil by Keppel Corp's offshore and marine division dragged it to a SGD495m ($378.9m) net loss in Q4.

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