FID

Final Investment Decision Definition The Final Investment Decision is the crucial moment of a project lifeycle when the Operator decide to commit on moving forward with the execution of the project. Final Investment Decision is a formal and binding decision to invest capital and begin detailed engineering, construction and comissioning. Final Investment Decision can often […]

In August 2016, Eni and ExxonMobil signed an agreement by which Eni will sell 25% stake into the onshore LNG project and transfer the operator role to the US major ExxonMobil. Eni kept the operator role for the development of its offshore fields.

In 2018, twice more, in volume of capital expenditure, EPC contracts were awarded than in 2017. This step change is not related to some barrel price speculations bu to the new business models developed by the game changers, mostly the Independent companies taking now the lead of the market.

Timor Gap tendered Sunrise onshore LNG pre-FEED The Timor-Leste national oil company (NOC) Timor Gap tendered the pre-front end engineering and design (pre-FEED) for a conventional onshore liquefied natural gas (LNG) plant in alternative to the floating liquefied natural gas (FLNG) solution preferred by the Australian company Woodside Energy (Woodside), and its partners, ConocoPhillips from […]

NefteGaz to add Delayed Coker in Afipsky Refinery The Russian NefteGazIndustriya LLC (NefteGaz) made the final investment decision (FID) to proceed with the expansion of its Afipsky Refinery in the Seversky District of the Krasnodar Territory on southwestern Russia. The Krasnodar Territory lies on the Black Sea east coast, in from of Crimea Peninsula, in […]

KrisEnergy Lengo offshore East Java at FEED phase The Singapore-based KrisEnergy Ltd (KrisEnergy) and its partners, Awe Ltd (Awe) from Australia, and the local Satria Group companies PT Satria Energindo and PT Satria Wijayakusuma have decided to move into the front end engineering and design (FEED) phase for the development of the Lengo project within […]

Cheniere in route for Sabine Pass Stage-3 in Louisiana The Houston-based independent company Cheniere Energy Partners LLC (Cheniere) took a leap to develop its liquefied natural gas (LNG) Sabine Pass Stage-3 project in receiving the Federal Energy Regulatory Commission (FERC) approval for the construction of the Sabine Pass LNG Trains 5 and 6 at its […]

BASF selected US Texas Freeport for greenfield MTO The German chemical giant BASF SE (BASF) has selected its Freeport existing site on the Texas US Gulf Coast to build a greenfield Methane-To-Olefins (MTO) complex  based on the critical  methane-to-propylene (MTP)  conversion. While the Bundestag, the German Parliament, continues to debate about the opportunity to allow or […]