Field/project development
After a record year for LNG project approvals in 2025, multiyear repairs to war-damaged liquefaction facilities in Qatar and the UAE threaten to slow the growth of global LNG capacity.
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
Alongside the new subsea awards, Equinor strengthened its position in the 400-million-bbl Bay du Nord development by acquiring BP’s interest in the project.
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The $18.4 billion in project financing pledged to Rio Grande LNG represents the largest greenfield energy project financing commitment in US history. -
McDermott’s latest EPCI contract on Qatar’s North Field expansion focuses on subsea cabling and offshore/onshore pipelines to be fabricated locally.
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By initially ring-fencing Absheron’s gas for the domestic market, Azerbaijan will be able to export more of its overall gas production to Europe from across other projects.
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The contract awarded by MODEC is for the supply of gas technology equipment for installation on the project’s FPSO.
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The authors of this paper describe a solution using machine-learning techniques to predict sandstone distribution and, to some extent, automate the process of optimizing well placement.
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The drilling of the Berling field will begin in the third quarter of 2026, with gas and condensate production expected in 2028.
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The offering includes automatic evaluation of project economics and enhances collaboration to cut the time required for field development planning by up to 50%, according to the companies.
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The transaction is part of a broader strategy by Eni to reduce its oil portfolio in favor of natural gas.
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The deal is expected to support the liquefied natural gas exporter’s Sabine Pass liquefaction expansion project.
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The contractor will see the delivery of its first subsea production systems to Azule Energy.
