A new compensation format will help improve efficiency as Equinor awards new framework agreements for safety and automation systems with five suppliers.

Subsea 7 S.A. announces the award of a sizeable⁽¹⁾ contract by Aker BP for the Ærfugl Phase 2 gas field development, located approximately 210km west of Sandnessjøen in the Norwegian Sea.

iSURVEY Group, a leading provider of survey and positioning services to the global oil and gas, offshore renewables and telecommunications markets, has celebrated a prosperous year, with several major contract wins.

Siemens Gamesa Renewable Energy continues to demonstrate that sustainability can be present in every step it takes as a company, including its funding strategy. In less than a year, it has accumulated 1.48 billion euro in green guarantee lines.

New research released from the Bureau of Safety and Environmental Enforcement (BSEE) and Bureau of Ocean Energy Management (BOEM) indicates the need to define the Gulf of Mexico Shallow Water Province (water depth less than 200 meters) as a distinct province to avoid stranding more than $20 billion of the Nation’s oil and natural gas resources.

Chevron Corporation has sanctioned the Anchor project in the U.S. Gulf of Mexico.

C-Kore Systems, a UK company, recently presented their Subsea Testing Tool technology at the well-attended 1^st Subsea & Drilling Conference in Rio de Janeiro, Brazil.

Mitcham Industries, Inc. (NASDAQ: MIND) ("Mitcham" or "the Company") has announced financial results for its fiscal 2020 third quarter ended October 31, 2019.

Rystad Energy is forecasting that overall global upstream investments in 2020 will decrease by around 4%. Investments in shale/tight oil are expected to contract the most next year by almost 12%.

CGG has completed JumpStart™ multi-client geoscience packages for the North West Shelf (NWS) of Australia and the Banda Arc in the Asia-Pacific region. Both packages are now available and enhance understanding of the prospectivity of these two high-potential regions, allowing the assessment of exciting new plays.

Natural gas production for Northwest Europe is forecast to decline by approximately 25% from current levels over the next five years as upcoming projects struggle to offset overall declines, according to GlobalData, a leading data and analytics company.

Energy projects that need oil prices above $60 per barrel in order to break even risk being uncommercial going forward, according to Rystad Energy. However, massive investments in exploration and sanctioning are still needed to meet growing global demand.

Royal Dutch Shell plc (“Shell”) announces that it has signed a $10 billion revolving credit facility. The new facility replaces Shell’s existing $8.84 billion revolving credit facility and is provided by a syndicate of 25 banks.

Aker Solutions has been awarded a contract from Aker BP to deliver the subsea production system for the second phase of the Ærfugl development offshore Norway.

According to one of the published reports, the projected value of the global FSRU (Floating Storage Regasification Unit) market in 2018 is US$ 1,217.9 Mn and the market is estimated to reach US$ 2,380.3 Mn by 2026 with a CAGR of 8.7%.

Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) has announced that the Company has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets, exploration prospects and acreage from affiliates of ILX Holdings, Castex Energy and Venari Resources for $640 million as of the effective date.