MODEC has been awarded the full engineering, procurement, construction, and installation (EPCI) scope to develop a floating production, storage and offloading (FPSO) vessel for the Hammerhead project in Guyana following a final investment decision (FID) by ExxonMobil…
BP has reached a final investment decision (FID) on the Tiber-Guadalupe project in the Gulf of America, approving its second new production platform in less than two years in the critical U.S. offshore region.Fully-owned by BP, Tiber-Guadalupe…
Finder Energy has executed a binding farm-in agreement with joint venture partner Timor Gap to increase the Timor-Leste state oil company’s stake in Production Sharing Contract (PSC) 19-11, entailing the Kuda Tasi & Jahal (KTJ) fields development project…
Italian offshore energy services firm Saipem has received the authorization to proceed with the execution of activities related to the engineering, procurement, construction and installation (EPCI) contract for the development of ExxonMobil's Hammerhead oil field…
Dutch-based SBM Offshore has cut the first steel for Chalchi floating storage and offloading (FSO) at COSCO Shipyard in China, marking the start of construction of the unit bound for deployment at Trion deepwater oil field, offshore Mexico.The FSO’s name…
ExxonMobil has made a final investment decision for the Hammerhead development offshore Guyana, after receiving the required regulatory approvals. Hammerhead, the seventh project on the Stabroek block, is anticipated to come online in 2029.The…
NextDecade and its partners have reached a final investment decision (FID) on the fourth liquefaction plant, the Train 4, at Rio Grande liquefied natural gas (LNG) export project in Texas, closing financial transactions to fully fund the development and related infrastructure…
BW Energy has completed a $365 million project finance facility to fund the refurbishment and redeployment of the Maromba floating production, storage and offloading vessel (FPSO) to Brazil’s Maromba field.The loan, backed by China Export & Credit Insurance Corporation (Sinosure)…
Thailand’s state-owned oil and gas company PTT Exploration and Production (PTTEP) has reached the final investment decision (FID) on carbon capture and storage (CCS) project at its producing Arthit gas field, offshore Thailand.This milestone marks Thailand’s first CCS development…
OneSubsea, a joint venture formed by SLB, Aker Solutions and Subsea7, has been awarded an engineering, procurement and construction (EPC) contract by Equinor for a 12-well, all-electric Subsea Production System (SPS) in the Fram Sør field, offshore Norway…
The development Argentina’s vast Vaca Muerta share is transforming the nation into a rising energy exporter, with oil and pipeline gas already flowing abroad and an ambitious multi-phase ‘Argentina LNG’ initiative aiming to secure a permanent place in the global liquefied natural gas (LNG) market…
Southern Energy S.A. (SESA), a company formed to enable LNG exports from Argentina, has reached final investment decision (FID) for the charter of 3.5MTPA MK II floating LNG (FLNG) from Golar LNG.The key commercial terms for the 20-year charter…
British gas producer Energean has taken the final decision to invest in the Irena gas field in the North Adriatic Sea off Croatia, it said on Wednesday.The gas field is located in the Izabela concession, an offshore gas development area in the North Adriatic Sea…
Ocean Winds, a 50-50 joint venture in 2020 by EDP Renewables and ENGIE, has entered into a key agreement with Siemens Gamesa for the supply of 14 MW wind turbines and service maintenance for the BC-Wind offshore wind project in the Polish Baltic Sea…
BG International limited, an affiliate of Shell, has made a final investment decision (FID) to develop the Mina West gas discovery in Egypt’s Mediterranean Sea.Shell (60%) will operate the field alongside partner, Kufpec (Egypt) Limited (KUFPEC) (40%)…
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