Saipem is rapidly rebuilding its offshore backlog with more than $4.5 billion in new contract awards across Qatar, Saudi Arabia, and Türkiye.

The global oil and gas EPC market is entering a new phase of steady but selective growth, driven by offshore megaprojects, LNG expansion, and rising energy security investments.

Petrobras has sanctioned a $4 - $6 billion investment in its Sergipe Deepwater Project Module 1, marking the next phase in building a new offshore production hub in Brazil’s northeast.

ADNOC is entering a synchronized megaproject cycle, with major gas, offshore oil, chemicals and low carbon developments progressing toward execution. From Rich Gas and Zakum expansions to TA’ZIZ and CCUS hubs, the next two years are set to unlock a wave of EPC awards across the UAE’s energy sector.

Rolls-Royce SMR’s early works contract at Wylfa signals a decisive shift from planning to execution in the UK’s nuclear programme, unlocking supply chain activity and positioning the project for a future multi-billion dollar EPC phase.

Subsea7’s $1.25B+ Sépia 2 SURF award marks another major inflection point in Brazil’s pre-salt expansion, with Petrobras locking in a high-value subsea package that will cascade into hundreds of millions in fabrication, installation and equipment supply opportunities ahead of 2029 first production.

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.