Search results for: fid

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  • 10 February 2017

    Large upstream projects are more often delivered by a group of partners rather than a single 100% owner.

  • 25 September 2018

    Thames Pipeline fit for IOG gas. FID in 4Q

  • 7 November 2016

    Woodfibre LNG on Friday said its parent company Pacific Oil & Gas Limited, part of the Singapore-based RGE group of companies, has made the final investment decision for the project.

  • 21 March 2018
    Operations & Maintenance, Research & Development

    Mubadala Petroleum and its partners PETRONAS Carigali and Sarawak Shell Berhad have reached the final investment decision for the Pegaga gas field development  The project, located in Block SK 320, offshore Malaysia, will now proceed to the construction and installation stage, the company informed. Mubadala Petroleum and its partners are expected to invest in excess of USD 1 […]

  • 11 July 2017

    This year might be a turning point when it comes to the number of expected final investment decisions for upstream projects, according to Wood Mackenzie, an energy intelligence firm. According to a recent Wood Mackenzie report “A big year for FIDs: 2017 marks a turning point”, the number of upstream projects reaching FID in 2017 […]

  • 26 March 2019

    Energy Transfer and Shell signed a project framework agreement (PFA) to advance the development of a large-scale LNG export facility in Lake Charles, Louisiana toward a potential final investment decision (FID).

  • 17 December 2015

    U.S. independent oil and gas company Noble Energy has moved a step closer to the development of the giant gas find in the Mediterranean – the Leviathan – after Israel’s government made a move to implement the natural gas framework. According to Noble Energy, which runs the field with Israel’s Delek Group, this means that […]

  • 6 February 2018
    Business & Finance

    Six projects worth EUR 7.5 billion reached Final Investment Decision (FID) last year – a 60% decrease from 2016 and the first decrease in investments since 2012 – according to WindEurope, which states that the transition to auctions has resulted in a lull in FIDs and that the auctions of the last two years are expected to lead to new project FIDs in 2018.

  • 5 April 2018

    Upstream final investment decisions (FID) have bounced back in 2017 with the trend expected to continue during 2018. 

  • 19 September 2014

    Pacific NorthWest LNG, a unit of Petronas, is still expecting to make the final investment decision (FID) on the construction of an LNG terminal in B.C. by the end of the year. Pacific NorthWest LNG president Greg Kist spoke at a Vancouver conference, saying that the FID depends on the provincial government’s tax measures for […]

  • 22 February 2019

    A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide could see sanctioned volumes of oil and gas – excluding shale and tight oil and gas prospects – nearly triple compared to last year’s tally, business intelligence firm Rystad Energy has said.  The collective volumes could swell past 46 billion barrels […]

  • 10 May 2017
    Business & Finance, Infrastructure

    Following last week’s umbrella agreement for the Fortuna FLNG project off Equatorial Guinea, a construction contract has been awarded for conversion of an LNG carrier to a floating liquefaction facility (FLNG). Ophir Energy informed on Wednesday that Golar LNG Limited has executed amended and novated agreements for conversion of the 126,000m3 LNG carrier Gandria. Ophir further said […]

  • 22 December 2011

    FLEX LNG announced a revised target to achieve LNG FPSO Final Investment Decision (FID) for the Gulf LNG project within 1Q 2012. Since signing a comprehensive Framework Agreement with InterOil Corporation, Pacific LNG Operations and Liquid Niugini Gas Ltd in April 2011, the parties have been targeting a mid December 2011 FID date. The company […]

  • 12 July 2017
    Project & Tenders

    London-based oil and gas company Ophir Energy is closing in on a final investment decision (FID) for its Fortuna FLNG project offshore Equatorial Guinea, which is now set for the second half of the year. Although the company’s previous plan entailed delivering the Fortuna FID in the “first half of the year,” then by “mid-2017,” the […]

  • 18 May 2018
    Project & Tenders

    London-listed Rockhopper Exploration has marked the year 2018 potentially transformational, as it works to secure funds and press ahead with the $1.5  billion Sea development in the Falkland Islands.

  • 6 October 2017

    Indonesia’s SBS Energi Kelautan (SBSEK) has made final investment decision (FID) for the Nautilus tidal stream project, and is accelerating development engineering activities for Phase I of the project. Nautilus tidal project will provide reliable, zero-emission electrical power to State-owned electrical utility company, PT. Perusahaan Listrik Negara (PLN), throughout the 30-year duration of a power purchase agreement. Atlantis Resources […]

  • 2 May 2017
    Project & Tenders, Vessels

    Fortuna FLNG project partners signed an umbrella agreement that establishes the full legal and fiscal framework for what is claimed to be Africa’s first deepwater FLNG project.

  • 26 January 2016

    Wood Mackenzie’s mid-year prediction that only ‘a handful’ of major projects would make financial investment decision (FID) approval in 2015 proved close enough – only a few large upstream developments achieved the green light during the year, Wood Mackenzie, a global energy consultancy provider, said on Monday.  The impact of the continued low crude price has […]

  • 15 February 2017

    Rystad Energy’s research indicates that Santos’s Ande-Ande Lumut (AAL) project in Indonesia’s NW Natuna Sea, which holds 107 mmboe, could comprise around 20% of the 2017 sanctioned volumes in the Asia Pacific region. In total, projects holding 512 mmboe could potentially reach final investment decisions (FIDs) within Australia & South East Asia during 2017. Rystad […]

  • 31 January 2018

    The UK oil and gas industry is coming back to life with 13 fields expected to be sanctioned in 2018, according to Rystad Energy.

  • 13 January 2017

    Energy intelligence group Wood Mackenzie sees the deepwater upstream oil and gas sector springing back to life in 2017. Providing its take on what to expect in 2017, Woodmac forecasts the overall upstream investment cycle will show the first signs of growth in 2017 since 2014 and final investment decisions (FIDs) will double, compared with […]

  • 8 May 2017
    Equipment, Infrastructure

    Ophir Energy, the operator of the Fortuna gas field offshore Equatorial Guinea is close to securing the financing needed for the FLNG development. The company, which aims to make the final investment decision on the project in mid-2017, has reportedly received backing from unnamed Chinese banks. According to a Reuters report on Monday, Nick Cooper, […]