TechnipFMC has announced its intent to sell the G1201 vessel as part of its overall strategy to optimize the profile and size of its subsea fleet. Following the recent announcement of the Company’s alliance agreement with a best in class partner for pipeline installation using S-lay technology, this supports the Company’s intent to use collaboration agreements, where possible, to execute its differentiated iEPCI™ business model.

Harvey Gulf announces that it increased EBITDA by 33% in the 3rd quarter. The Company attributed the increase to a continued, successful international expansion. However, the Company also warned the end of downturn is still years away, and the industry needs further consolidation and SG&A reductions.

Around $90 billion will be spent on construction and conversion of floating production systems over the next five years. This forecast, just completed by World Energy Reports, reflects the strong underlying market drivers supporting future investment activity in the deepwater sector.

Talos Energy Inc. ("Talos," or the "Company") (NYSE: TALO) has announced that the Company will be added to the S&P SmallCap 600 Index, effective November 1, 2019, prior to the market open. The S&P SmallCap 600 measures the small-cap segment of the U.S. equity market and consists of 600 domestic stocks selected by Standard & Poor's Index Committee based on certain criteria, such as market capitalization and financial viability.

A fresh wave of offshore project sanctions across Southeast Asia could boost greenfield investments in the oilfield service space by almost 70% in 2020, according to Rystad Energy.

At the World Ocean Council (WOC) Sustainable Ocean Summit (SOS) 2019 (20-22 November, Paris), the “Sustainable Blue Economy Finance Principles” workshop will explore actions for the finance sector to accelerate uptake of finance-related policies, practices, financial instruments, opportunities and initiatives to advance a Sustainable Blue Economy.

Exxon Mobil Corporation had announced estimate third quarter 2019 earnings of $3.2 billion, or $0.75 per share assuming dilution. Earnings included a favorable tax-related identified item of about $300million, or $0.07per share assuming dilution. Capital and exploration expenditures were $7.7 billion, including key investments in the Permian Basin.

Well-Safe Solutions has secured a significant new tranche of investment, in excess of £66 million, to fund the next phase of its journey as a tier one well decommissioning company.

Following the recent news that Saudi Arabia’s national oil company Saudi Aramco will issue its prospectus to potential investors in its initial public offering (IPO);

MOL has signed an agreement with Chevron Global Ventures Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-Gunashli (“ACG”) oil field, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan (“BTC”) pipeline that transports the crude to the Mediterranean port of Ceyhan, for total consideration of USD 1.57bn (subject to adjustments at closing).

International E&P companies are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy.

Of the 38 global oil and gas discoveries made in Q3 2019, six were located in Norway. This was followed by Colombia with five discoveries, Egypt and Trinidad with four each, and Guyana and the United Arab Emirates (UAE) with three each, according to GlobalData, a leading data and analytics company.

Over the last four years oil and gas production in the West of Shetlands has risen and with that, a growing relevance for the biggest players still active in the UK continental shelf (UKCS), says GlobalData, a leading data and analytics company.

Fugro has taken notice of a press release from HC2 Holdings, Inc., (HC2) in which it announces the sale by Global Marine Group (GMG) of its stake in Huawei Marine Networks (HMN). Through its ownership of 23.6% in GMG, Fugro will be able to monetize part of its non-core interest in GMG.

Heavyweight oilfield service providers like Saipem and Baker Hughes are diversifying beyond oil and gas development projects and are moving increasingly into renewable energy projects, Rystad Energy finds.

Seaborn Networks, a leading developer-owner-operator of transoceanic subsea fiber optic cable systems (Seaborn), and Anova Financial Networks, an international carrier and market data provider (Anova), announced today the formation of a strategic alliance to provide the first ultra-low latency (ULL) fiber connection between the financial centers of São Paulo, Brazil and Chicago, USA.