An FPSO off the coast of Angola
Letter from Africa: West African deepwater developers face FPSO choice
Decision may prove critical to the viability of the next tranche of regional projects
Are the days of large-scale, greenfield upstream projects coming to an end? While it is true there is a greater focus on short-cycle developments, large, advantaged projects can still compete for capital. The world-class projects offshore Brazil and Guyana grab the headlines, but there could also be another wave of standalone developments in West Africa. Operators are likely to make FID on at least four floating production, storage and offloading (FPSO) projects in the next 6-24 months. European IOCs are leading the charge, with TotalEnergies, Shell and Italy’s Eni all progressing plans to develop resources across Angola, Nigeria and Cote d’Ivoire. Competitive fiscal terms and top-class rese
Also in this section
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
8 January 2026
The region’s access to versatile feedstock, combined with policy support, is setting it up to meet growing demand both at home and abroad
7 January 2026
No longer can the energy source be considered a sidekick to oil in the Middle East and neither should it step aside for less convincing alternatives
