Oil and Gas Final Investment Decisions (FIDs) in 2024, H1 Edition

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Oil and Gas FIDs Market Report Overview

The oil & gas FIDs market report H1 2024 edition provides valuable insights into the major projects targeted for FIDs in 2024 across the oil and gas value chain.

Key Upstream Projects Targeting FIDs in 2024 Whiptail, Bonga North, Zama, South Lokichar Development (Phase 1), and Sea Lion
Key Midstream Projects Targeting FIDs in 2024 Coral Norte Floating, Akwa Ibom Floating, Papua, Sonora Phase I Train III, Cedar Floating, and Brownsville
Key Downstream Projects Targeting FIDs in 2024 Tuban II, St James Parish Renewable, Kibaale, Ciudad Dorada Renewable Expansion I, Ciudad Dorada Renewable Expansion II, and Ciudad Dorada Renewable
Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Oil and Gas Final Investments Decisions by Projects

Upstream Projects Targeting FIDs in 2024: In the upstream sector, Africa has the highest volumes of remaining reserves from greenfield projects targeting FIDs in 2024 due to the development of giant projects such as Bonga Southwest/Aparo in Nigeria, and Brulpadda/Luiperd in South Africa. A total of nine brownfield upstream projects are targeting FIDs in 2024, with three being in Denmark, two in Brazil, and one each in Indonesia, Azerbaijan, Australia, and Morocco.

A few of the major upstream projects targeting FIDs are Elk-Antelope (Papua LNG), Bonga Southwest/Aparo, and Kaskida. Elk-Antelope (Papua LNG) is a massive conventional gas project located in onshore Papua New Guinea. The FID of the project is targeted in Q4 2024, and operations are expected to start in 2028. On the other hand, Bonga Southwest/Aparo is another giant conventional oil project proposed in the deep waters of the Gulf of Guinea, offshore Nigeria. The FID of the project is planned for the fourth quarter of 2024 and is expected to come online in 2026.

Upstream Projects Targeting FIDs by Region, 2024

Upstream Projects Targeting FIDs by Region, 2024

Buy the Full Report For more Insights into the Key Regions in the Upstream FIDs in 2024, Download a Free Sample Report

Midstream Projects Targeting FIDs in 2024: In the midstream sector, LNG liquefaction projects account for six of the eight projects targeting FIDs in 2024, as suppliers continue to bet on strong demand for LNG in the future. All six projects are being planned in six different countries (one each in the US, Mozambique, Mexico, Papua New Guinea, Canada, and Nigeria). A floating LNG regasification project is also planned in Mozambique mainly to provide gas for a proposed power plant in Maputo. Furthermore, Canada is expected to witness FID for a transmission pipeline to supply gas to Cedar Floating LNG liquefaction plant.

A few of the major LNG liquefaction projects targeting FIDs are Brownsville, Papua, and Cedar Floating. Brownsville and Papua are onshore LNG liquefaction projects targeting FID in 2024. Both projects are expected to start operations in 2028. Whereas Cedar Floating is an offshore LNG liquefaction project planned in British Columbia, Canada. The project is expected to start operations in 2028 with a capacity of 3 mtpa.

Downstream Projects Targeting FIDs in 2024: In the refinery segment, of the 11 projects expected to receive FIDs in 2024, seven are standalone renewable refineries indicating a growing trend toward the production of renewable fuels. On the conventional (crude oil) refineries side, three cracking-type refineries in Finland, Indonesia, and Uganda, apart from a condensate splitter-type refinery in South Africa, are targeting FIDs. Additionally, in the petrochemicals segment, major projects expected to receive FIDs are in Indonesia, India, and the US. In Indonesia, a total of 19 projects are being targeted for FIDs in 2024.

Ciudad Dorada Renewable and Tuban II are the major refinery projects targeting FIDs in 2024. Ascension Clean Energy Donaldsonville Ammonia Plant is an ammonia production plant planned in Louisiana, US, expected to start operations in 2027 with a capacity of 7.2 mtpa.

Scope

  • Analysis of remaining reserves of greenfield upstream production projects planned for FIDs by region in 2024.
  • Key details of upstream production projects targeted to receive FIDs in 2024
  • Brief analysis of major projects expected to receive FIDs across key segments of the midstream sector.
  • Key details of midstream projects targeted to receive FIDs in 2024
  • Brief analysis of major projects expected to receive FID in refinery and petrochemical segments.
  • Key details of refinery and petrochemical projects targeted to receive FIDs in 2024

Reasons to Buy

  • Keep abreast of major projects targeted for FIDs in 2023 across the oil and gas value chain.
  • Develop business strategies with the help of specific insights about projects expected to receive FIDs in 2024.
  • Obtain the latest information on projects expected to receive FIDs in 2024.
  • Facilitate decision-making based on strong project data.
  • Assess your competitor’s projects targeted to receive FIDs in 2024.

Table of Contents

01. Upstream FIDs in 2024

Upstream Projects Targeting FIDs in 2024

Major Upstream Projects Targeting FIDs – Elk-Antelope (Papua LNG)

Major Upstream Projects Targeting FIDs – Bonga Southwest/Aparo

Major Upstream Projects Targeting FIDs – Kaskida

Brownfield Upstream Projects Targeting FIDs in 2024

List of Upstream Production Projects Targeting FIDs in 2024

02. Midstream FIDs in 2024

Midstream Projects Targeting FIDs in 2024

Major LNG Liquefaction Projects Targeting FIDs – Brownsville

Major LNG Liquefaction Projects Targeting FIDs – Papua

Major LNG Liquefaction Projects Targeting FIDs – Cedar Floating

List of Midstream Production Projects Targeting FIDs in 2024

03. Downstream FIDs in 2024

Downstream Projects Targeting FIDs in 2024

Major Refinery Projects Targeting FIDs – Ciudad Dorada Renewable

Major Refinery Projects Targeting FIDs – Tuban II

Major Petchem Projects Targeting FIDs – Ascension Clean Energy Donaldsonville Ammonia Plant

List of Refineries Targeting FIDs in 2024

List of Petrochemical Plants Targeting FIDs in 2024

04. Appendix

Abbreviations and Definitions

About GlobalData

Contact Us

Frequently asked questions

Oil and Gas Final Investment Decisions (FIDs) in 2024, H1 Edition thematic reports
Currency USD
$3,000

Can be used by individual purchaser only

$9,000

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Oil and Gas Final Investment Decisions (FIDs) in 2024, H1 Edition was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Oil and Gas Final Investment Decisions (FIDs) in 2024, H1 Edition in real time.

  • Access a live Oil and Gas Final Investment Decisions (FIDs) in 2024, H1 Edition dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.