The 100% bp-owned Tiber-Guadalupe will be bp’s seventh operated oil and gas production hub in the Gulf of America, featuring a new floating production platform with the capacity to produce 80,000 barrels of crude oil per day.

NextDecade Corporation has reached a positive final investment decision (FID) on Train 5 at its Rio Grande LNG project in Texas, securing $6.7 billion in financing and issuing a full notice to proceed to Bechtel Energy for EPC execution.

ExxonMobil has tapped Worley to lead the major reconfiguration of its Baytown complex in Texas, a multi-billion-dollar project that shifts production toward high-value fuels and lubricants while reinforcing the company’s downstream transformation strategy.

The EPCIntel.com database reveals a wave of next-generation natural gas power projects across the Middle East, ten developments totaling over 21 GW that are redefining the region’s transition toward cleaner, high-efficiency energy.

BW Energy has closed a USD 365 million Sinosure-backed project finance facility to fund the refurbishment and redeployment of the Maromba FPSO offshore Brazil, alongside a USD 107.5 million lease with Minsheng Financial Leasing for the project’s development rig

Two flagship carbon capture projects, Heidelberg Materials’ Padeswood CCS and Encyclis’ Protos ERF CCS, have entered construction as part of the UK’s HyNet cluster.

Eni and partners have taken FID on the Coral North FLNG project offshore Mozambique, a $6–7 billion development that will add 3.6 MTPA of capacity by 2028. Building on Coral South, the new facility doubles Mozambique’s LNG output above 7 MTPA, cementing its role as Africa’s third-largest producer.

Baker Hughes has secured a repeat order from Bechtel to supply liquefaction train equipment for Sempra Infrastructure’s Port Arthur LNG Phase 2 in Texas. The scope mirrors Phase 1, with four Frame 7 gas turbines, eight centrifugal compressors and two motor-driven booster compressors, doubling the site’s capacity to around 26 MTPA and reinforcing Baker Hughes’ role as a core technology provider in U.S. LNG growth.

bp has taken FID on its $5 billion Tiber-Guadalupe project in the Gulf of America, sanctioning a new deepwater production hub that will produce 80,000 barrels per day and tie back to both the Tiber and Guadalupe fields. The project follows Kaskida and cements bp’s $10 billion Paleogene push, unlocking 350 million boe in its seventh operated hub offshore US.

Construction is due to begin this year, with commissioning planned for 2029. Once operational, the CCS system will capture around 800,000 tonnes of CO₂ annually, effectively eliminating nearly all of the site’s emissions

TotalEnergies has been selected to develop and operate France’s €4.5 billion Centre Manche 2 offshore wind farm, a 1.5 GW project off Normandy that will become the country’s largest renewable energy development.

Sempra Infrastructure has sanctioned the $14 billion Port Arthur LNG Phase 2 in Texas, adding two new trains and doubling the facility’s capacity to 26 mtpa with Bechtel confirmed as EPC and global investors backing the project.