final investment decision (FID)

Sonangol Reaches Final Investment Decision for Cabinda Oil Refinery

The Angolan state oil company, Sonangol, has reached a final investment decision (FID) for the construction of the Cabinda oil refinery in Angola.

Total, Uganda Pave the Way for Export Pipeline 

French international oil company (IOC), Total SA, and the Ugandan government have managed to navigate previous issues, giving the green light for a final investment decision (FID) for a crude export pipeline.

Iraq’s Basra Gas Launches New Growth Program

The program will capture flared gas from three major oilfields, namely Rumaila, West Qurna 1 and Zubair, and then convert it into dry gas for power generation in the domestic market and exporting.

Investment Decision on Mozambique’s Gas Expected by July

ENI, Mozambique's Area 4 operator, will make a final investment decision (FID) still by March and conclude the financial package by the end of the first half of 2017.

Uganda Likely to Produce First Oil by 2020

Uganda has come closer to materializing its plan to produce first oil by 2020.

Total Mulls $2b Investment in Iranian Gas Fields

French oil major Total plans to make a final investment decision (FID) on a $2b gas project in Iran by the summer, but the decision hinges on the renewal of US sanctions waivers.

Fortuna FLNG to Reach FID in 2017

London-based Ophir Energy said its Fortuna FLNG project in Equatorial Guinea is “firmly on schedule” for a final investment decision (FID) in the first half of 2017.

Oman to Invest $1.8b in Petchem

The state-owned Oman Oil Company (OOC), the national petroleum investment company, plans to progress the implementation of three strategically petrochemical ventures by 2017. The total investment worth $1.81b.

Leviathan Gas Field to Yield 12bcm/y

Partners in Israel's Leviathan natural gas field declared that the project's first development stage will include a capacity of 12bcm/y of gas. Further stages could include an additional 9bcm/y of gas.

BP to Buy LNG from Mozambique’s Area 4

BP has agreed to a 20-year deal with Eni to buy liquefied natural gas (LNG) from a big new field off the coast of Mozambique.

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