Oil rose toward $55 a barrel on Thursday, recovering from part of the previous session's slide after China took steps to pour liquidity into the world's second-biggest economy, although traders and analysts said oil's outlook looked weak.

Eni Norge has informed that the Goliat platform has now been towed on board the Dockwise Vanguard, “the largest marine transport vessel in the world”.

Eni Norge has informed that Stril Barents, a supply and standby vessel, is ready to start operations at the Goliat field in the Barents Sea.

Brazil’s Petrobras has announced the discovery of new oil accumulations in concession BM-C-35 (exploratory block C-M-535), located in the Campos Basin post-salt layer, off Brazil.

INPEX’s subsidiary, Japan Oil Development Co.

SILK Holdings’ subsidiary, Jasa Merin (Malaysia) Sdn Bhd (JMSB), has been awarded a contract by ExxonMobil Exploration and Production Malaysia Inc, for the provision of one Straight Supply Vessel with Accommodation (SSV).

Wood Group Kenny (WGK) has secured a contract with Woodside to provide the front end engineering design (FEED) of the flowline system, and associated procurement support, for the proposed Greater Western Flank Phase 2 (GWF-2) development for the North West Shelf (NWS) Project, offshore Western Australia.

ABB, the leading power and automation technology group, has won a contract worth more than $50 million to supply the electrical system for one of the world’s first commercial floating liquefied natural gas (FLNG) facilities, and the second to be owned by Malaysian oil and gas company PETRONAS.

From 8 to 10 December 2014, the Petroleum Safety Authority Norway (PSA) carried out an audit of Lundin Norway AS and the Edvard Grieg development project, in the Norwegian North Sea.

BG Group Plc has written £4 billion off the value of its oil and gas business in the fourth quarter to reflect the slump in the price of oil, forcing it to cut budgets and jobs this year.