With the final voting of the new regulatory model for Brazil´s O&G market, Petrobras confirms it will control local development in order to let local industry catch up to the demand.

PipeWay is a Brazilian company specializing in pipeline inspection technology and pigging unit manufacture. Starting from a small back room in a Brazilian university, the company has grown to be the leading national pipe inspection company and is also gaining international reputation to boot.

Petrobras has started the tendering process for machinery for the 28 pre-salt FPSOs to be built in Brazil. Hopes are that such a large order will attract the limited number of marine turbine manufacturers to set shop in Brazil.

The Brazilian northeast state of Bahia will house various construction yards and shipyards dedicated to rig module construction, such as jackets and floats.

The oil industry in Brazil finishes the year with intense activity on all fronts and the efforts are massive. However the risks taken on the deepwater projects and older production rigs may still lead to major spills if not kept in check.

The massive increase of E&P in Brazil, especially when concerned with deepwater is giving rise to a new subsea equipment and technology industry in the country.