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Day rates surge 50% as Petrobras welcomes bids in new flotel tender - Upstream Online

Upstream Online · last updated

Day rates surge 50% as Petrobras welcomes bids in new flotel tender | Upstream Online

Brazilian state-controlled oil company Petrobras has received seven commercial proposals in its latest tender for the charter of an accommodation and maintenance vessel.

However, as demand for flotels in this niche sector continues to increase, so do prices.

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Electricity is a secondary energy source: it is generated through the conversion of primary energy sources such as natural gas, coal, solar, hydropower, and wind. Electricity’s versatility is not cost-free: a substantial amount of energy is lost in its generation and the cost of storage is high, compared with fuels such as coal, oil and natural gas. The economics of battery technology hold the key to expanded use of renewable sources to generate electricity.

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