Reallocate Mobilisation Plans As EPC Awards and Vessel Upgrades Advance

As part of the joint venture, Saipem intends to leverage its extensive experience in the development and execution of large-scale LNG projects and complex energy infrastructures, contributing to the engineering and procurement activities required to support the definition and preparation of the project. “This letter of intent further strengthens Saipem’s position in the liquefied natural gas sector and highlights the group’s expertise in executing large-scale, complex energy projects, contributing to the poten

The letter of intent covers limited preliminary engineering and procurement activities, aimed at advancing project definition and execution planning for an initial value of $32 million. The final award of the engineering, procurement and construction (EPC) contract to the SMDC joint venture is subject to positive FID by the Area 4 deepwater block partners and receipt of the necessary government and regulatory approvals, which is expected within 2026

Home Fossil Energy $30 billion LNG project nears FID: Saipem confirms preliminary award shortly after McDermott August 7, 2026, by Following a project update from its joint venture partner, McDermott, Italy’s engineering, drilling, and construction services giant Saipem has corroborated the progress made in moving forward with the next phase of one of Africa’s most closely watched liquefied natural gas (LNG) developments, as new activity signals continued momentum toward a final investment decision (FID) for Moz

Subsea equipment delivery for GranMorgu; Source: TechnipFMC TechnipFMC, which secured an integrated engineering, procurement, construction, and installation (iEPCI) contract worth over $1 billion in 2024 for the GranMorgu development on Block 58 offshore Suriname, has confirmed that this project continues to make strong progress. The company has reported the delivery of “critical” subsea equipment that is supporting the next phase of execution

Once progress was achieved on the front-end engineering design (FEED) studies for Block 58’s two main oil discoveries, Sapakara South and Krabdagu, TotalEnergies, as the operator, sanctioned the GranMorgu development located 150 kilometers off the coast of Suriname

Home Fossil Energy TechnipFMC highlights ‘critical’ subsea equipment delivery for $12

The vessel upgrades will include expanded proppant storage, advanced handling and blending systems, increased pumping capacity, and an optimized deck layout for complex stimulation operations. Following the upgrade, the ship will be able to carry up to 2 million pounds of proppant, enabling high-intensity offshore treatments across the NCS

MV Island Captain; Source: SLB SLB and Equinor’s multi-year agreement for advanced reservoir stimulation services across the Norwegian Continental Shelf will result in a major upgrade of the MV Island Captain well stimulation vessel to secure additional capability for tight offshore reservoirs. The ship will be converted into a fully proppant-capable stimulation vessel

The ship will be converted into a fully proppant-capable stimulation vessel

Having successfully executed front-end engineering design (FEED) for Rovuma LNG, we are well positioned to advance the project into its next phase

The current cost estimate for the Rovuma LNG project is around $30 billion, although the exact final cost has not been fixed because the project has not yet reached FID

and China Petroleum Engineering & Construction Corporation (CPECC), has been awarded by ExxonMobil Moçambique, on behalf of the Area 4 partners, a letter of intent, including limited engineering and procurement services, for the continuation of the Rovuma LNG Phase 1 midstream development. While emphasizing that the SMDC joint venture brings extensive global experience in the engineering, procurement, and construction of LNG facilities, McDermott explains the work with ExxonMobil supports continued project de