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Energy Sector Updates: Projects & Developments

No new exploration discoveries were reported, but several emerging plans include the construction of a German LNG terminal and YPF's new crude-oil treatment plant. ADNOC's Ruwais LNG project is set to start commercial operations in 2028, while ExxonMobil is advancing its offshore projects in Guyana. Vista Energy is expanding its production significantly, and ADNOC's LNG commitments are growing through new supply agreements.

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13 views2 pages

Energy Sector Updates: Projects & Developments

No new exploration discoveries were reported, but several emerging plans include the construction of a German LNG terminal and YPF's new crude-oil treatment plant. ADNOC's Ruwais LNG project is set to start commercial operations in 2028, while ExxonMobil is advancing its offshore projects in Guyana. Vista Energy is expanding its production significantly, and ADNOC's LNG commitments are growing through new supply agreements.

Uploaded by

kothayashwanthram999
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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1.

New Discoveries

o No new exploration discoveries were reported in these updates.

2. Emerging Plans

o German LNG Terminal GMBH will begin construction of a 267,000


m³-capable jetty in Brunsbüttel in Q3 2025, completing early
2027, alongside a smaller berth for bunker vessels.

o YPF commissioned a second crude-oil treatment plant at La


Amarga Chica in February 2025, investing $200 million to double
processing capacity.

o ADNOC’s lower-carbon Ruwais LNG project (two 4.8 million tpy


trains) reached FID in 2024 and is on track to start commercial
operations in 2028.

3. Early Prospects

o ExxonMobil Guyana’s second FPSO for Hammerhead is in FEED


under an LNTP, aiming for startup in 2029 pending approvals.

4. Floating Production

o MODEC Inc. received a limited notice to proceed from ExxonMobil


Guyana to develop the Hammerhead FPSO (150,000 b/d
capacity) for installation offshore Guyana.

5. Incident

o No operational incidents or safety events were disclosed in the


provided updates.

6. Firm Projects

o Vista Energy closed on a 50% stake in La Amarga Chica from


Petronas—$900 million upfront plus $150 million in 2029 and
2030, and 7.3 million Vista shares—scaling its Vaca Muerta
footprint to 229,000 acres.

o German LNG awarded Ballast Nedam Infra BV and Hakkers


Waterbouw the sea-jetty contract as subcontractors to CS Gas
North.
o ADNOC signed a 15-year SPA to supply ~1 million tpy of LNG to
ENN LNG, marking the largest UAE–China LNG deal by volume.

7. Redevelopments

o Petronas exits Argentina upstream after a 2018 pilot at La


Amarga Chica; YPF continues full-scale development across its
Vaca Muerta acreage.

8. Producing Fields

o La Amarga Chica now produces ~68,000 b/d—third-highest in


Argentina—and YPF’s five main blocks account for 68% of Vaca
Muerta shale-oil output.

o ADNOC’s Ruwais LNG commitments stand at 8 million tpy of its


9.6 million tpy capacity following Osaka Gas and ENN deals.

9. Drilling Results

o In a 2018 pilot at La Amarga Chica, Petronas and YPF drilled 33


wells, achieving 9,800 boe/d.

10. Corporate

 Vista Energy’s expansion and $6 billion invested to boost production


from 24,000 to over 120,000 boe/d underscore its growth strategy.

 ADNOC’s Ruwais LNG project more than doubles its LNG capacity to 15
million tpy upon completion.

 ExxonMobil Guyana and MODEC partnership reflects continued offshore


Guyana development momentum.

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