Contractors face ‘Brazil fallout’

Petrobras, which accounts for around 10% of global offshore investments, was recently downgraded to junk by Moody’s. A DNB Markets analysis cited oilfield service and drilling players most exposed to Brazil as Subsea 7, Akastor, Aker Solutions, Technip, DOF, Deep Sea Supply, BW Offshore, Seadrill, Diamond Offshore, Ocean Rig and Ensco.

via Upstreamonline.com