ADNOC has taken FID on the SARB Deep Gas Development, advancing phased gas growth within the Ghasha Concession and creating near term offshore EPC opportunities, with McDermott International well positioned across key packages.

ADNOC has secured up to $11 billion in landmark non recourse structured financing for the Hail and Ghasha gas development, unlocking upfront value from future midstream production and reinforcing momentum behind one of the world’s most ambitious offshore sour gas projects.

Baker Hughes and Hunt Oil have agreed a global framework to jointly evaluate and redevelop mature oil and gas fields, targeting low cost brownfield projects that extend asset life and unlock new EPC and services demand across existing basins.

The sanctioning of the Previously Produced Fields Project in the Greater Ekofisk Area reinforces how disciplined brownfield developments continue to underpin value creation on the Norwegian Continental Shelf. With low breakeven economics, fast payback, and strong infrastructure leverage, PPF adds another layer of longevity to one of the North Sea’s most resilient production hubs.

Eight months after start up, Johan Castberg is already entering its next growth phase, with Equinor, Vår Energi and Petoro sanctioning the NOK 4 billion Isflak subsea tieback that will come on stream in 2028 and set the blueprint for rapid, capital efficient Barents Sea developments.

Rockhopper and Navitas have sanctioned Sea Lion Phase 1, setting a USD 1.8 billion development in motion and securing the financing and contracts needed to deliver First Oil in 2028.

Aramco and ExxonMobil have begun a preliminary FEED study that could transform the Samref refinery into one of the region’s largest liquids to chemicals complexes.

Chevron has approved the three billion dollar Gorgon Stage 3 tieback, unlocking a major subsea and drilling program to keep one of Australia’s biggest LNG hubs running at full strength.

TotalEnergies, TES, and a trio of Japanese gas majors have transformed Live Oak into the frontrunner for commercial scale e NG production in the United States as the project moves toward FEED and a major EPC cycle.

A new petrochemical era is emerging as tightening capacity, shifting investment flows and rising decarbonization pressure reshape where—and how—the next multi-billion-dollar complexes will be built.

INEOS is injecting 250 million euros into its Lavera cracker, signaling renewed confidence in France’s petrochemical hub and setting up a multi year EPC upgrade cycle.

Global power EPC demand is shifting into a higher gear as renewables scale, electrification lifts baseload requirements and hyperscalers trigger gigawatt sized build programs. Aging thermal fleets, grid reinforcement and early hydrogen projects add further pressure, creating the most diversified and sustained EPC cycle the sector has seen in more than a decade.