22/09/2015at 11:28

Offshore carriers lose Brazilian contracts

Siem Offshore, World Wide Supply and Ultrapetrol have all lost contracts with Brazilian Petrobas, which is replacing foreign ships with unemployed local vessels.

BY OLE ANDERSEN

Norwegian companies Siem Offshore and World Wide Supply, together with Ultrapetrol, appear to be the latest victims of the Brazilian oil industry, in which state-owned oil company Petrobas is replacing foreign vessels with local unemployed offshore vessels.

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Unemployed offshore vessels piling up off Norway
Siem Offshore knocked back in struggling offshore market
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