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14 April 2020 Brazilian oil giant Petrobras has received commercial offers in a tender for the charter of powerful anchor-handling tug supply vessels (AHTS), but contractors submited proposals way above the company's parameters
Offshore drilling contractor Borr Drilling has received notices of early termination for several of its drilling rig contracts, but it has also been awarded new contracts for its rigs. As a result, Borr’s total revenue backlog has been impacted negatively by about $16 million. Borr said in an update on Monday it had been awarded... Continue Reading →
Apr 14, 2020 Petrobras will once again postpone the delivery dates for the proposals for two tenders for the chartering of offshore rigs. In the midst of the Covid-19 crisis and the ongoing contract negotiation process, the oil company evaluates postponing the dates by up to 60 days. The new delivery date for proposals is... Continue Reading →
Dutch FPSO provider SBM Offshore has confirmed a number of positive coronavirus cases amongst the crewmembers on one of its FPSOs. SBM Offshore said in its company update last week that it had transported several crewmembers with symptoms from an undisclosed FPSO back to shore earlier this month. Continue reading
Oilfield services provider Baker Hughes Co on Monday wrote down the value of its assets by $15 billion as plunging oil prices and the coronavirus pandemic hit demand and forced oil producers to cut back drilling. Producers have so far cut 2020 spending by about 30% or $37 billion, according to data compiled by Reuters, after a price war... Continue Reading →
April 13, 2020 Allocation of the replicating FPSO has been challenging Petrobras' boards and technical teams for years Although Petrobras' current Business Plan (PN) provides for the installation of the FPSO P-71 in the Lula Recovery Factor field (Lula FR, formerly Lula Oeste), the FPSO's fate is still open - with the Itapu field appearing... Continue Reading →
April 13, 2020 State-owned company wants to extend terms and payments due to the fall in demand and oil prices. Sector fears shock over a chain of 500,000 workers After cutting production and employee wages, Petrobras renegotiates contracts with major suppliers to further reduce costs. The goal is to extend delivery and payment terms. The... Continue Reading →
Offshore drilling contractor Noble Corporation has backtracked on its 2020 guidance announced in February, citing the recent sharp decline of oil price due to the oil oversupply and drop in demand caused by COVID-19, as the reason. Noble Corp, a provider of drilling services to oil and gas companies, said Thursday that it expected the... Continue Reading →
APR 9, 2020 An SBM Offshore platform vessel, at the service of Petrobras, off the coast of Espírito Santo, recorded 53 cases of Covid-19 in workers on board the unit. The information was confirmed by the Brazilian state-owned company to the Secretary of State for Health of Espírito Santo. Of the total infected, 29 have... Continue Reading →
April 8, 2020 Petrobras and Modec are close to signing the FPSO charter contract Anita Garibaldi, which will be installed in the Marlim field, in the Campos Basin. The formalization should take place in April, about six months after the signature of the letter of intent, in mid-October 2019.
Brazil Energy Insight 