final investment decision (FID)
Contracting Strategies for Large Energy Projects Introduction Large energy projects, such as we know in oil & gas, Petrochemical, and renewable require significant investments. Highly complex due to long execution timelines and large supply chain with as much as 250 stakeholders. Selecting the right contracting strategy is one of the most critical decisions in the […]
Understanding the Energy Project Lifecycle Introduction The project lifecycle provides a clear structure for managing projects, ensuring that all aspects are properly planned and executed. This helps in avoiding confusion, maximizing efficiency, and minimizing risks. Knowing all these steps is crucial to anticipate when one should start to be involved in a project. The right […]
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 […]
The Oil & Gas and Petrochemical market is surging on Q2 2021.
Along that year, the Covid and the mass communication about energy transition affected heavily projects investment decisions. So, that 2021 started in great uncertainty. But the demand was there. Therefore, we could observe a well loaded funnel of projects for sanction in 2021 and 2022.
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 […]
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 […]
