Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) this week celebrated the naming of two new vessels, Pacific Centurion, and Pacific Goldfinch.

Petrobras has informed that Guido Mantega, a former Brazilian finance minister, resigned from his position as member and Chairman of Petrobras Board of Directors.

Helix Energy Solutions Group has entered into a new multi-year contract with Shell to provide well intervention services in the U.

Viking Supply Ships has entered into a contract with an “oil major” for the ice-classed AHTS “Brage Viking”.

Norway’s Solstad Offshore has informed that Saipem has declared its option to extend the contract for the construction vessel (CSV) “Normand Cutter”.

Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen.

Unite, UK’s largest workers union has warned of “a dangerous and quickening ‘race to the bottom’ in the UK’s offshore oil and gas industry”, after oil companies Shell and Taqa announced they would be cutting 350 North Sea jobs yesterday.

The Allseas’ Solitaire pipe-laying vessel yesterday, March 26, 2015, embarked on the first stage of the Polarled installation project in the Norwegian Sea.

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 15/6-13, located in the North Sea.

Horizon Oil has announced that production from the Maari MR6A development well, offshore New Zealand, has been brought on stream, with an initial production rate of approximately 7,800 barrels of oil per day (bopd).