Protect Supply Leverage As Large LNG EPC Moves Into Procurement

The Rovuma LNG project is estimated to cost around $30 billion. 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

This content is available after accepting the cookies. 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

While MRV operates the Area 4 concession, ExxonMobil Mozambique is the delegated operator responsible for the construction and operation of the Rovuma LNG facilities, with start-up anticipated in 2031

Home Fossil Energy Appraisal ops strengthen Angola’s non-associated gas potential August 7, 2026, by An appraisal well in the Benguela Basin’s Block 24 has confirmed high-quality reservoirs and delivered Angola’s first full drill stem test (DST) on a non-associated gas reservoir

Home Fossil Energy Appraisal ops strengthen Angola’s non-associated gas potential August 7, 2026, by An appraisal well in the Benguela Basin’s Block 24 has confirmed high-quality reservoirs and delivered Angola’s first full drill stem test (DST) on a non-associated gas reservoir. Block 24; Source: ANPG Sonangol Exploração & Produção and Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) have drilled and tested the Katambi-2 appraisal well in Block 24 of the Benguela Basin, confirming a high-quality

These appraisal activities come months after Azule Energy started production from a project, described as the first non-associated gas development offshore Angola

S. -based offshore drilling giant, has lined up a new assignment for a 12-year-old jack-up rig off the coast of Norway with ConocoPhillips Skandinavia, a subsidiary of the U

This deal, which is expected to start in the third quarter of 2027, has an estimated duration of 670 days

The rig’s scope of work comprises plug and abandonment (P&A) of wells in the Greater Ekofisk Area (GEA), located around 300 kilometers southwest of Stavanger. This area, which contains the Ekofisk field discovered in 1969, also includes other producing fields, such as Eldfisk, Embla, Tor, and Tommeliten A

The Rovuma LNG project onshore development is expected to include 12 modular liquefaction modules designed to produce 18

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 definition and planning as the Area 4 partners progress toward a final investment decision (FID), expected in 2026. 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

In-brief analysis Aug 7, 2026Battery storage capacity averaged 70% growth over the last three years Utility-scale battery storage capacity in the United States increased significantly during the last three years, with an annual average growth rate of 70%

3 GW of battery storage capacity, reaching nearly 52 GW of nameplate battery storage capacity, based on our latest Preliminary Monthly Electric Generator Inventory

S. power system had operational battery storage capacity of 43