Com meta de cortar 2 bilhões de dólares em custos operacionais, Petrobras busca a suspensão temporária de contratos com fornecedores

With Aiming To Cut 2 Billion Dollars In Operational Costs, Petrobras Seeks Temporary Suspension Of Contracts With Suppliers

Written by Flavia Marinho

Published on 15/06/2020 at 14:47

Com meta de cortar 2 bilhões de dólares em custos operacionais, Petrobras busca a suspensão temporária de contratos com fornecedores

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Petrobras Forecasts Total Investment of US$ 8.5 Billion (Approximately R$ 41.71 Billion) in 2020, Compared to the Investment Projection of US$ 12 Billion Announced at the Beginning of the Year.

Petrobras aims to cut US$ 2 billion in operational costs as part of its pandemic response plan; initially, the proposals included postponing parts of the charter fees for platforms and support vessels to 2021 and delaying the enforcement of new contracts while expediting the end of others in offshore support. Petrobras Advances in the Process of Selling Its Shares of Wind Farms in Rio Grande do Norte.

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This is the second time the company attempts to renegotiate some points with its suppliers. In the previous attempt, Petrobras aimed to postpone payments and expedite the end of contracts nearing expiration.

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Sustainability Report Announced by Petrobras Last Week

Petrobras reported last Wednesday (10), in its Sustainability Report, detailed the impacts of the new coronavirus pandemic on its operations and the measures taken to combat the crisis.

One highlight of the report was the US$ 2 billion (approximately R$ 9.82 billion) cut in operational expenses.

The oil company achieved this result through the reduction and postponement of human resources expenses, optimization of working capital, as well as the reduction of the investment plan for this year.

The state company forecasts a total investment of US$ 8.5 billion (approximately R$ 41.71 billion) in 2020, compared to the investment projection of US$ 12 billion announced at the beginning of the year.

During the pandemic caused by the coronavirus, Petrobras aimed to prioritize cash preservation and optimization of oil production.

With Aiming To Cut 2 Billion Dollars In Operational Costs, Petrobras Seeks Temporary Suspension Of Contracts With Suppliers

Petrobras Forecasts Total Investment of US$ 8.5 Billion (Approximately R$ 41.71 Billion) in 2020, Compared to the Investment Projection of US$ 12 Billion Announced at the Beginning of the Year.

Read Also

Sustainability Report Announced by Petrobras Last Week

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Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

China has deployed snake-shaped robots to slide along power lines, where they have already inspected over 130 kilometers of cables using cameras and sensors to detect damaged wires, worn-out parts, and overheating.

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

Dissatisfied with seeing women outside the major breweries, a South African revives ancestral tradition, creates a brand with African ingredients, and trains new female brewmasters.

Why the letter password marked ATMs in Brazil: technology seemed complicated, became an extra layer of security, and is now losing ground to biometrics

Archaeologists find a face carved in stone in Kazakhstan and the discovery raises curious questions about ancient tombs, ancestors, and mysterious rituals of the Bronze Age.

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With Aiming To Cut 2 Billion Dollars In Operational Costs, Petrobras Seeks Temporary Suspension Of Contracts With Suppliers

Petrobras Forecasts Total Investment of US$ 8.5 Billion (Approximately R$ 41.71 Billion) in 2020, Compared to the Investment Projection of US$ 12 Billion Announced at the Beginning of the Year.

Read Also

Sustainability Report Announced by Petrobras Last Week

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

China has deployed snake-shaped robots to slide along power lines, where they have already inspected over 130 kilometers of cables using cameras and sensors to detect damaged wires, worn-out parts, and overheating.

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

ANP halts LPG reform, and Sindigás sees technical caution as a decisive point for safety, investments, and the future of the cylinder in Brazil.

Oil spill in the Caribbean raises environmental alert and increases tension between Venezuela and Trinidad and Tobago

More than 40 Petrobras platforms enter the decommissioning queue and open up a billion-dollar industry in Brazil for cranes, special ships, underwater cutting, and offshore recycling.

ANP schedules oil auctions in October and reinforces regulatory predictability for concessions, sharing, and investments in the oil and gas sector

There is oil below the oil that Brazil already extracts: Petrobras confirmed a new accumulation in the Búzios field, at a depth of 5,600 meters, in a zone below the reservoir already operating in the Santos Basin.

Dissatisfied with seeing women outside the major breweries, a South African revives ancestral tradition, creates a brand with African ingredients, and trains new female brewmasters.

Why the letter password marked ATMs in Brazil: technology seemed complicated, became an extra layer of security, and is now losing ground to biometrics

Archaeologists find a face carved in stone in Kazakhstan and the discovery raises curious questions about ancient tombs, ancestors, and mysterious rituals of the Bronze Age.

Historic record of Brazil in the World Cup has just been broken and still brings an unwanted memory for Brazilians.

Without stakes, drills, or footings: a 3-story building in Taubaté draws attention for being built with styrofoam forms, a small team, six apartments, and five months of construction without a dumpster for debris.