Petrobras has, together with other members of the Libra Consortium, completed the drilling and testing of the first appraisal well in the Libra area, 3-BRSA-1255-RJS (3-RJS-731), informally known as NW1.

The Brazilian ship owner CBO has ordered a design and equipment package for a platform supply vessel of the PX105 type from ULSTEIN.

French oil giant total has said that its will cut 180 jobs at its Lindsey refinery in Lincolnshire and scale back production from the plant after it posted a loss of $5.

Tullow Oil has today said that its Tweneboa, Enyenra, and Ntomme fields development, offshore Ghana, is progressing well and is half way there.

Lomar Shipping does not own offshore vessels any more.

Bibby Offshore’s Singapore division, Bibby Offshore Singapore (BOS), has secured a contract with subsea service provider Seascape.

A leading North Sea drilling firm plans to cut 230 jobs.

FMC Technologies, a Houston-based supplier of production systems to the international oil and gas industry, is the latest company in the sector to announce job cuts.

The fast-growing UK subsea sector, which supports 60,000 jobs, is in for two years of tough times and will only weather the storm if it embraces innovation and new technology, says industry body Subsea UK.

Technip has delivered a 23,000-ton truss spar hull to Anadarko Petroleum Corporation for its Heidelberg field development.