Round-up: New oil & gas discoveries take center stage as LNG momentum grows

As the offshore energy sector sees advancements in exploration, infrastructure expansion, LNG diversification, and carbon management initiatives, new discoveries in Norway reinforce the ongoing oil and gas dominance. International players, such as Shell, Equinor, Chevron, and Petrobras are reshaping portfolios through joint ventures, divestments, and capex commitments.

The LNG segment is upping its ante with rapid project execution in Congo, as developments in Mozambique and Texas showcase progress and fleet expansion alongside offtake deals highlights LNG’s role as a transitional fuel. The energy transition is also moving forward, as carbon capture, CO2 logistics, and stricter decommissioning oversight show regulators and companies pushing toward net-zero compliance.

Looking through Offshore Energy’s regional lens, Europe has taken the lead in exploration, decommissioning oversight, and carbon transition projects; the Americas highlight massive investment in Brazil’s pre-salt, Guyana’s offshore, and U.S. LNG being in demand.

On the other hand, Asia-Pacific shows a focus on new production start-ups, shipbuilding, and LNG supply diversification; Africa is witnessing rapid LNG project execution and portfolio revamps through majors’s moves; and the Middle East is keeping its spot as a strategic offshore investment zone,