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.

ExxonMobil has sanctioned the $6.8 billion Hammerhead project offshore Guyana, awarding MODEC the FPSO contract with key subcontracts to Toyo Engineering and Siemens Energy, marking the seventh Stabroek block development.

ACWA Power and Larsen & Toubro have signed an MoU to develop the renewables and grid backbone for Saudi Arabia’s Yanbu Green Hydrogen Hub, opening a new multi-billion dollar EPC opportunity on the Red Sea coast.

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.