FID | Egypt Oil & Gas
ExxonMobil Awards $1.1 Bn in Pre-Investment Contracts for Rovuma LNG Project
ExxonMobil has awarded about $1.1 billion worth of pre-investment contracts for certain upstream equipment for the Rovuma liquefied natural gas (LNG) Phase 1 project, a major natural gas development in the deep wate...
Egypt to channel Cypriot gas to Europe by 2028 after Eni, TotalEnergies approve Cronos FID
Italian Eni and French TotalEnergies have reached the Final Investment Decision (FID) to develop the Cronos project in deep waters offshore Cyprus, with the target of bringing the first Cypriot gas to market in 2028, ...
ADNOC Secures $6.2 Bn FID For Umm Shaif Gas Cap Offshore Project
Abu Dhabi National Oil Company (ADNOC) has secured a $6.2 billion final investment decision (FID) to develop the offshore Umm Shaif Gas Cap project in Abu Dhabi, reinforcing the country’s energy security and its...
ADNOC approves FID for SARB Deep Gas project in Ghasha Concession
Abu Dhabi National Oil Company (ADNOC) has reached a final investment decision (FID) for the SARB Deep Gas development, a strategic offshore project within the Ghasha Concession aimed at expanding the UAE’s natural ga...
MEES: Cronos Gas to be Transmitted to Damietta via Zohr Line Skipping National Grid
Egypt and Cyprus have sealed a set of landmark commercial agreements that pave the way for the development of the Cronos gas field in Cyprus’s Block 6, marking a decisive step toward the project’s Final Investment Dec...
bp Greenlights $5 Billion Tiber-Guadalupe Project in US Gulf
bp, one of the world’s largest integrated oil companies, has made a final investment decision (FID) regarding its $5 billion Tiber-Guadalupe development project in the US Gulf of Mexico. The project marks the co...
Shell Expands Investment in Brazil’s Pre-Salt with Gato do Mato Project
Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, announced that it has taken the Final Investment Decision (FID) for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin, o...
Aramco, TotalEnergies Takes FID to Build a Giant Petrochemical Complex in Saudi Arabia
The Saudi Arabian Oil Company (“Aramco”) and TotalEnergies have made the final investment decision (FID) for the construction of a world scale petrochemical facility in Saudi Arabia. The “Amiral” complex w...
