Rolls Royce wins $650m contracts
Power systems giant Rolls-Royce has won new contracts worth up to $650m from deep water driller Petrobras.
Power systems giant Rolls-Royce has won new contracts worth up to $650m from deep water driller Petrobras.
Rolls-Royce will supply Petrobras with thirty-two gas turbine power generation packages, including waste-heat recovery units, to support its production activities off the coast of Brazil.
The turbines are to meet the power requirements of eight separate Floating Production Storage and
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Offloading vessels, which are used for the processing of hydrocarbons and storage of oil.
The new gas turbine power generation packages will be delivered in groups of four, with the first units scheduled for delivery in the first quarter of 2013.
The latest contract award increases the number of Rolls-Royce powered industrial gas turbine units installed in Brazil over the last 10 years to sixty-two.
Francisco Itzaina, Rolls-Royce's regional director for South America, said to fulfil the contracts the firm would have to further develop its local supply chain to provide critical components required for the equipment.
In February Rolls-Royce announced plans for the construction of a new $100 million-plus purpose-built gas turbine assembly and test facility in Santa Cruz.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Will “Liberation Day” strike again?
Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?
-
Israel claims victory in the '12-day war' with Iran
Donald Trump may have announced a ceasefire in the 12-day war between Israel and Iran, but what comes next depends on what happens internally in Iran