Offshore Activity

Brazil’s Petrobras, UTC at odds over services contract cancellation

Brazilian engineering firm UTC Engenharia SA and state-controlled oil giant Petroleo Brasileiro on Monday gave conflicting reasons for halting a platforms-servicing contract in the Campos Basin, in a spat that could hit operations.

Petrobras, as the oil company is known, said in a press release that UTC chose unilaterally to discontinue construction services on the platforms, following “attempts by Petrobras to negotiate a solution that gave priority to workers.”

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