Petróleo Brasileiro S.A. has signed a $1.7-billion agreement to convert four VLCC vessels into hulls for platforms P-74, P-75, P-76, P-77, and for the transfer of rights areas.

McDermott International Inc. (NYSE: MDR) has won a brownfield contract to provide two new permanent living quarter modules for BG Trinidad & Tobago Ltd. (“BG”) as operator of North Coast Marine Area (“NCMA”) block.

Gaffney Cline Associates (GCA) has delivered a Competent Persons Report (CPR) to Rockhopper on the Sea Lion complex discoveries in the offshore North Falkland basin.

OGX Petróleo e Gás Participações S.A. (Bovespa: OGXP3; OTC: OGXPY.PK) has commissioned two further wellhead platforms (WHPs) 3 and 4, for field developments in the Campos basin.

SBM Offshore has contracted Blue Water Shipping to provide logistics for materials and equipment to yards in China and Brazil, where conversion of the FPSO Cidade de Ilhabela will take place over the next two years.

BG Group (BRGYY.PK:OCQX) has started a new well test program off Brazil in the BM-S-11 presalt Santos basin concession.

Petrobras has contracted Technip to supply risers and flowlines for the deepwater Guara and Lula Nordeste presalt field developments in the Santos basin.

Petróleo Brasileiro S.A. (NYSE: PBR) has sent a Declaration of Commerciality for Tiro and Sidon fields in southern Santos basin offshore Brazil to the National Petroleum, Natural Gas, and Biofuels Agency.

Petrobras expects as much as $7 billion in bids to complete eight offshore platforms for use in the Santos basin, according to reports from Brazil.