Here are some relevant settings, taken from the Fenics book, Section 1.2:
problem = NonlinearVariationalProblem(F, u_, bcs, J)
solver = NonlinearVariationalSolver(problem)
prm = solver.parameters
prm["newton_solver"]["absolute_tolerance"] = 1E-8
prm["newton_solver"]["relative_tolerance"] = 1E-7
prm["newton_solver"]["maximum_iterations"] = 25
prm["newton_solver"]["relaxation_parameter"] = 1.0
if iterative_solver:
prm["linear_solver"] = "gmres"
prm["preconditioner"] = "ilu"
prm["krylov_solver"]["absolute_tolerance"] = 1E-9
prm["krylov_solver"]["relative_tolerance"] = 1E-7
prm["krylov_solver"]["maximum_iterations"] = 1000
prm["krylov_solver"]["gmres"]["restart"] = 40
prm["krylov_solver"]["preconditioner"]["ilu"]["fill_level"] = 0
solver.solve()