Crise do petróleo: Diamond Offshore pede recuperação judicial nos EUA e arrasta sua subsidiária no Brasil

Oil Crisis: Diamond Offshore Files For Bankruptcy Protection In The U.S. And Takes Its Subsidiary In Brazil Down With It

Written by Flavia Marinho

Published on 28/04/2020 at 19:24

Crise do petróleo: Diamond Offshore pede falência nos EUA e arrasta sua subsidiária no Brasil

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Oil Crisis – On Sunday, the American Diamond Offshore Drilling filed for creditor protection in the U.S. as it faced significant financial difficulties, affecting its subsidiary in Brazil, Diamond Offshore Brazil. Petrobras Halts Rigs in Bahia and Sergipe, 550 Oil Workers Laid Off

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The American company operates 15 rigs (11 semisubmersible and four drillships) working for Hess, Occidental, Petrobras, and BP.

Marc Edwards, President and CEO, said: “After careful and diligent consideration of our financial alternatives, the Board of Directors and management, along with our advisors, concluded that the best path forward for Diamond and its stakeholders was to seek creditor protection. With this process, we aim to restructure our balance sheet to achieve a sustainable level of debt to reposition the business for long-term success.”

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Diamond Offshore Drilling has two rigs chartered by Petrobras: the Ocean Valor (photo) and the Ocean Courage, which are currently allocated in the Santos Basin.

The expectation is that one of them will be in the Berbigão Field by July and the other in the Búzios Field by the end of the year. The recovery, in addition to the subsidiary in Brazil, includes twelve other companies spread across the globe.

Oil Crisis

The global crisis is expected to lead to more suspensions of activity in the offshore sector at a time when oil producers are struggling with an oversupply and very limited demand – a situation worsened by the COVID-19 pandemic.

In the U.S., the number of active oil rigs fell to 378 last week, with 60 shutting down during that period, according to data from Baker Hughes. This is a decrease of 53% compared to the same week last year.

In early April, Whiting Petroleum also sought creditor protection under U.S. bankruptcy law, becoming the first major independent shale oil producer to succumb to the drop in industry prices.

Oil Crisis: Diamond Offshore Files For Bankruptcy Protection In The U.S. And Takes Its Subsidiary In Brazil Down With It

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Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Oil Crisis

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

The skeleton of D’Artagnan, the legendary musketeer who inspired Alexandre Dumas, may have been found beneath the floor of a church in the Netherlands after workers discovered human bones and a French coin during a renovation.

The United States showcases a microwave weapon in an autonomous vehicle that can take down multiple drones at once and aims to reduce the costs of a war that currently burns millions on missiles.

The Earth’s green belt has remained stable for centuries, but it is now shifting 14 kilometers per year toward the northern hemisphere, and scientists say this is bad news for the balance of the entire planet.

China reveals autonomous vehicle capable of launching 96 kamikaze drones in just 3 seconds on the battlefield with an artificial intelligence system that finds and attacks targets en masse without human intervention.

At the bottom of the North Sea, scientists found surprising remnants of Doggerland, a vanished land that once connected Great Britain to Europe and hid a much greener past.

Oil Crisis: Diamond Offshore Files For Bankruptcy Protection In The U.S. And Takes Its Subsidiary In Brazil Down With It

Read Also

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Oil Crisis

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

Ocyan opens registrations for startups focused on innovation in the oil and gas sector and will select projects for Innovation Day with the support of Nexio.

Petrobras announces new oil discovery in the pre-salt of the Campos Basin and reinforces Brazil’s prominence with high-quality reserves that can increase production and energy revenues.

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Petrobras advances 4.6% with rising oil prices and the dollar, reigniting the debate on macro risks, pricing policy, and fiscal impact in Brazil.

The skeleton of D’Artagnan, the legendary musketeer who inspired Alexandre Dumas, may have been found beneath the floor of a church in the Netherlands after workers discovered human bones and a French coin during a renovation.

The United States showcases a microwave weapon in an autonomous vehicle that can take down multiple drones at once and aims to reduce the costs of a war that currently burns millions on missiles.

The Earth’s green belt has remained stable for centuries, but it is now shifting 14 kilometers per year toward the northern hemisphere, and scientists say this is bad news for the balance of the entire planet.

China reveals autonomous vehicle capable of launching 96 kamikaze drones in just 3 seconds on the battlefield with an artificial intelligence system that finds and attacks targets en masse without human intervention.

At the bottom of the North Sea, scientists found surprising remnants of Doggerland, a vanished land that once connected Great Britain to Europe and hid a much greener past.