Global LNG development is entering a new boom, with more than $90 billion of projects advancing to construction or FID and EPC giants are competing for the industry’s most valuable contracts.

BP has begun field assessments at Kirkuk as part of its $25 billion redevelopment deal with Iraq, aiming to modernize aging oil and gas infrastructure, boost production, and unlock billions of barrels of reserves across one of the country’s most strategic provinces.

In only a few months Louisiana LNG has ramped up to almost 900 personnel on site and the first LNG production train is now 22% complete.

Iraq has awarded three flagship EPC contracts under its $10 billion Gas Growth Integrated Project at Basra’s Artawi field, with Hyundai, ENKA and CPECC lined up to deliver a giant seawater treatment plant, a central oil and gas processing facility, and a phased gas processing complex.

TotalEnergies and its partners have approved the fourth train at Rio Grande LNG in South Texas, a USD 8–9 billion expansion that locks in new export capacity, secures major EPC work for Bechtel and its subcontractors, and boosts the French major’s U.S. LNG offtake to over 16 Mtpa by 2030.

The NEOM Green Hydrogen Project has surpassed 80% completion, bringing the world’s largest green hydrogen and ammonia facility closer to operation with a global consortium of EPC giants driving construction and technology delivery.

With the award of the MSA to McDermott, the project is now firmly back on track, signaling renewed momentum toward advancing engineering, permitting, and eventual construction

Contract for five units received jointly with local firm CTCI, following a similar contract for three units in 2013, aiming to increase output and reduce environmental impact by upgrading existing facilities

The Bornholm Energy Island project is moving into its implementation phase, set to deliver 3 GW of offshore wind power to Denmark and Germany.

Equinor’s Bay du Nord development offshore Newfoundland and Labrador has been a stop-start story ever since it was first announced.

Santos has officially confirmed that its flagship Barossa LNG Project is now more than 98% complete, while the Darwin LNG plant has entered the RFSU (Ready for Start-Up) phase, signaling imminent first gas from both operations

The Northern Lights carbon capture and storage (CCS) project has officially transported and stored CO2 from Heidelberg Materials’ cement plant in Norway.