Rolls-Royce to Power Seven Drillships in Brazil

Global power systems company Rolls-Royce said Thursday that it has won an order worth more than 100 million pounds to supply integrated power and propulsion systems for seven Petrobas drillships to be built at the Atlântico Sul shipyard in Brazil. Rolls-Royce says that it will abide by Brazil's strict "local content" requirements and equip each of the seven newbuilds with … [Read more...]

Brazil Subsidizes Uncertain Shipyard Success

By Anna Miars, Unlike the samba beats that punctuate the late night air in Rio de Janeiro, it’s the clamor of construction equipment and hum of machinery that dictate the rhythm of daily life in the Brazilian state of Pernambuco. About 1,200 miles to the northeast of Rio, late nights in this part of the country are harder to come by outside of Carnival. The din of … [Read more...]

Transpetro Gives EAS a Second Chance, Calls for the Construction of Four Tankers

RIO DE JANEIRO----The transportation arm of Brazilian state-owned energy giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Friday that it had given troubled shipyard Estaleiro Atlantico Sul the green light to build four oil tankers, partially lifting a suspension implemented earlier this year. Transpetro, as Petrobras's logistics unit is also known, suspended … [Read more...]

Batista’s OSX May Win Petrobras Deal on Rival’s Ship Delays

(Bloomberg) -- OSX Brasil SA, the shipbuilder controlled by Brazil's richest man, stands to benefit from a rival's failure to deliver vessels on time for offshore oil production. So do the company's plunging shares. Eike Batista's OSX is among companies vying to sell oil tankers and other ships to Petroleo Brasileiro SA as Brazil's state-owned oil company seeks to more than … [Read more...]

Brazilian Shipbuilding Fail, Transpetro Sets Ultimatum for Struggling Yard

RIO DE JANEIRO (Dow Jones)--The transportation arm of Brazilian state-owned energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, has suspended a contract to purchase 16 vessels from the Estaleiro Atlantico Sul shipyard, which last week delivered its first tanker nearly two years late. EAS, as the shipyard is also known, has until Aug. 30 to fulfill three key … [Read more...]