Em análise, Rystad Energy indica que empresas vão perder até US$ 3 bilhões com cancelamento de contratos de perfuração

Rystad Energy Analysis Indicates Companies Will Lose Up to $3 Billion Due to Cancellation of Drilling Contracts

Written by Roberta Souza

Published on 13/04/2020 at 10:31

fonte: reprodução

Seja o primeiro a reagir!

An analysis released by Rystad Energy indicates the murky scenario that drilling companies will face in 2020 and possibly 2021. Rystad estimates that they will have up to 10% of their contract volumes canceled in 2020 and 2021, representing a combined loss of around US$ 3 billion in revenue.

According to Oddmund Føre, Offshore Market Services Director at Rystad Energy, “More than US$ 22 billion in contract value was swept away as a result of cancellations between 2014 and 2017. Now, at the beginning of a new slowdown, a market that was just starting to return to healthy levels of contracting activity and day rates has seen its hopes crushed.”

In its analysis, the consultancy predicts greater difficulty for drillers compared to the 2015 crisis. Such companies, as well as those providing offshore vessels, will not be able to pay their total outstanding debt for 2020 based on cash flow from operational activities (CFO), unless they make cuts to CAPEX. Otherwise, only the capital markets will relieve, moving towards refinancing.

The consultancy recalls that during the 2015 crisis, many companies canceled drill rig contracts and subsequently re-contracted the units at lower rates. Unlike what is seen now, which are extensions. Rystad estimates that the same will not happen again (drill rig rental rates have increased in recent months) and that the savings for them would be small if they canceled and re-contracted the unit.

Rystad Energy Analysis Indicates Companies Will Lose Up to $3 Billion Due to Cancellation of Drilling Contracts

See Also:

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

A producer from Santa Catarina started with a poultry farm of just 7,500 birds in 1994 and three decades later manages 21 farms thanks to a simple strategy he learned early on.

Scientists have created a microscopic nanorobot that functions as an invisible cleaner, chasing bacteria with light, transporting microorganisms, and releasing each target at the exact point, in an advancement that could change diagnostics and treatments.

Lufthansa shuts down subsidiary CityLine immediately, cuts 2,200 jobs overnight, and leaves 27 jets grounded amid strikes and rising jet fuel prices.

The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…

With 250 meters and 55 floors, the Mohammed VI Tower becomes a new icon of Rabat, housing Waldorf Astoria and an observation deck, investing in solar energy, and already dividing UNESCO’s opinions on the historical landscape.

The government accelerates the project to eliminate the 6×1 shift and reduce the workweek from 44 to 40 hours without cutting salaries, but the risk of inflation and informality is taken into account.

Rystad Energy Analysis Indicates Companies Will Lose Up to $3 Billion Due to Cancellation of Drilling Contracts

See Also:

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

A producer from Santa Catarina started with a poultry farm of just 7,500 birds in 1994 and three decades later manages 21 farms thanks to a simple strategy he learned early on.

Lufthansa shuts down subsidiary CityLine immediately, cuts 2,200 jobs overnight, and leaves 27 jets grounded amid strikes and rising jet fuel prices.

The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…

The government accelerates the project to eliminate the 6×1 shift and reduce the workweek from 44 to 40 hours without cutting salaries, but the risk of inflation and informality is taken into account.

Under kilometers of water, rock, and salt, Brazil hides a colossal wealth that led an official guide from the U.S. government to recognize the country as the owner of the largest ultra-deep oil reserves in the world.

Goodbye, Brazil: Brazilians claim to be ‘oppressed’ and head to Paraguay in search of a ‘right-wing dream’ with 10% taxes, energy up to 2.8 times cheaper, and 23,500 residency applications in 2025.

Scientists have created a microscopic nanorobot that functions as an invisible cleaner, chasing bacteria with light, transporting microorganisms, and releasing each target at the exact point, in an advancement that could change diagnostics and treatments.

Lufthansa shuts down subsidiary CityLine immediately, cuts 2,200 jobs overnight, and leaves 27 jets grounded amid strikes and rising jet fuel prices.

The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…

With 250 meters and 55 floors, the Mohammed VI Tower becomes a new icon of Rabat, housing Waldorf Astoria and an observation deck, investing in solar energy, and already dividing UNESCO’s opinions on the historical landscape.

The government accelerates the project to eliminate the 6×1 shift and reduce the workweek from 44 to 40 hours without cutting salaries, but the risk of inflation and informality is taken into account.