A new wave of $10B-plus oil and gas megaprojects is reshaping the global EPC landscape, led by giants like Saudi Aramco, ExxonMobil, and ADNOC. From offshore production “factories” to integrated refining and petrochemical hubs, capital is being deployed with one clear objective, scale, repeatability, and long-term control of the energy value chain.

$12.5 billion Commonwealth LNG is moving rapidly toward FID, with offtake secured, financing about to launch, and long-lead equipment already ordered.

Jubail Industrial City stands as one of the most integrated energy and industrial hubs globally, where refining, petrochemicals, utilities, and logistics operate as a single ecosystem.

Technip Energies is rapidly cementing its position at the center of the Middle East LNG boom, with repeat wins across Qatar’s North Field expansion and major projects in the UAE and beyond. As megaprojects shift toward replication and scale, the real story is no longer who bids, but who stays inside the execution circle.

ADNOC Gas has moved its $5 billion RGD Phase 1 into full execution, with major EPC contractors now active across key UAE assets.

Golden Pass LNG has reached first production from Train 1, marking a major step toward full project completion and exports in 2026. The milestone highlights progress on one of the largest LNG developments in the US and signals the transition into final commissioning and startup.

Papua LNG is moving steadily toward a 2026 FID, with JGC and Hyundai E&C emerging as the preferred EPC contractors for a 4 MTPA low carbon liquefaction plant.

Wood’s latest project portfolio reveals a clear strategic shift, away from traditional EPC exposure and toward high-value engineering, consulting, and EPCm roles across decarbonization, gas monetization, and complex offshore developments.

Woodside’s takeover of the Beaumont New Ammonia facility marks the shift from project delivery to full-scale operations, but the real story is just beginning. With conventional ammonia now flowing and lower carbon output delayed, the next wave of EPC opportunities is quietly moving upstream into feedstock, carbon capture and expansion works.

Samsung E&A’s $13B backlog reveals a clear strategy, focus on gas, petrochemicals, LNG, and low carbon projects where execution can be standardized, risk controlled, and margins protected. This is not about volume, it is about building a portfolio where EPC delivery actually works.

Equinor’s $9 billion Raia project has entered the drilling phase offshore Brazil, marking a key step toward its 2028 start-up. With major contractors already engaged and execution ramping up, the development is unlocking significant EPC activity across FPSO, subsea, and pipeline packages.

Saipem’s record €31 billion backlog is not just a headline number, it is a clear signal of where global offshore and gas capex is flowing, with a concentrated pipeline of mega EPCI projects across Qatar, Saudi Arabia, Africa and key deepwater hubs shaping the company’s near term growth.