From Namibia's ultra-deepwater Venus development to Guyana's Longtail and Mozambique's Rovuma LNG, ten major offshore projects are shaping the 2027–2030 investment cycle.
ADNOC is moving ahead with the Ruwais Diyab unconventional gas development, bringing fresh opportunities for drilling contractors, gas processing specialists, infrastructure builders and equipment suppliers as Abu Dhabi accelerates its gas production ambitions.
Saudi Aramco has awarded NMDC Energy three offshore EPC projects worth $763 million, creating fresh opportunities for equipment suppliers, fabrication specialists and marine subcontractors across Saudi Arabia’s offshore energy sector.
The Middle East is entering another major gas investment cycle, and ADNOC Gas is showing just how large the opportunity has become. With $8.2 billion in EPC awards for its Rich Gas Development programme, the region is creating substantial opportunities for engineering contractors, equipment manufacturers and specialist subcontractors.*
Brazil dominates the global FPSO market with 53 vessels, while new deepwater developments and an expanding offshore fleet are creating multibillion-dollar opportunities for EPC contractors, shipyards and equipment suppliers.
The race to power artificial intelligence is turning into a multibillion-dollar construction boom. AEP's $4 billion fuel cell project for Google in Wyoming highlights a rapidly expanding market for EPC contractors, equipment manufacturers and specialist suppliers.
Elsewedy Electric and Sinohydro have signed the EPC agreement for Saudi Arabia’s 2.3 GW Rabigh 2 power expansion, bringing another major gas-fired development into execution and opening substantial opportunities for equipment manufacturers, construction subcontractors and industrial suppliers.
QatarEnergy has now placed the two major EPIC packages for the redevelopment of its Maydan Mahzam offshore oil field, handing PTSC M&C a massive platform-heavy package and COOEC the subsea-focused EPIC-2 scope.
Saudi Aramco’s upcoming Alhada Gas Processing Plant expansion is shaping up as another major Saudi EPC opportunity, with significant potential spend across gas processing, sulphur recovery, utilities and supporting infrastructure.
LNG Canada has approved Phase 2, triggering a massive new EPC cycle led by Fluor and JGC that will double the Kitimat facility’s LNG capacity and open billions of dollars in supplier and subcontracting opportunities.
Tecnimont has secured the FEED contract for Argent LNG’s planned 25 MTPA export terminal in Louisiana, but the bigger opportunity sits beyond engineering. With the project structured for a potential FEED-to-EPC rollover, the award positions Tecnimont at the front of a multibillion-dollar LNG procurement program.
PTTEP has taken FID on the Bussabong gas development in Thailand, opening an estimated US$138 million to US$150 million Phase 1 market for offshore platforms, pipelines, drilling and installation work.
50Hertz has shifted the steel construction and offshore platform scope for its 2 GW LanWin3 HVDC grid connection to NSORe, keeping Siemens Energy on the high-voltage technology package. The move creates a new procurement route through Rostock and Vlissingen for one of Germany’s largest offshore transmission assets.
Lamprell has joined L&T on a major ADNOC Offshore EPCI project, with the award presumed to be linked to the $6.2 billion Umm Shaif Gas Cap development. The scope opens a significant downstream market for subsea, fabrication, equipment, and marine suppliers.
SABIC Agri-Nutrients has awarded Samsung E&A a $3.465 billion EPC contract for the SAN-7 ammonia and urea complex in Jubail, creating a major new procurement opportunity across process equipment, utilities, carbon capture and construction packages.
QatarEnergy’s North Field West LNG expansion is moving deeper into execution, with new jacket fabrication work in Qingdao adding CNPC Offshore Engineering and Qingdao McDermott Wuchuan to a contractor lineup already featuring McDermott, Technip Energies, CCC, Gulf Asia Contracting and Baker Hughes.
Papua LNG has completed EPC tendering and reduced its estimated CAPEX to US$14 billion, bringing the 5.6 Mtpa development closer to FID as ExxonMobil prepares to assume operatorship.
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