In the first half of 2026, final investment decisions (FIDs) were approved for 37 oil and gas production projects worldwide. Asia and Europe led FID activity with nine projects each, followed by Africa with six, and North America and South America with five each. In H2 2026, around 103 upstream production projects worldwide are expected to reach FIDs. Europe is projected to lead in the number of FIDs, followed by Oceania and Africa.
Scope
Key details of upstream production projects targeted to receive FIDs or received FIDs in 2026
A brief analysis of major projects expected to receive FIDs or received FIDs across key segments of the midstream sector
Key details of midstream projects targeted to receive FIDs or received FIDs in 2026
Brief analysis of major projects expected to receive FIDs or received FIDs in refinery and petrochemical segments
Key details of refinery and petrochemical projects targeted to receive FIDs or received FIDs in 2026
Reasons to Buy
Keep abreast of major projects targeted to receive FIDs or received FIDs in 2026 across the oil and gas value chain
Develop business strategies with the help of specific insights about projects expected to receive FIDs or received FIDs in 2026
Obtain latest information on projects expected to receive FIDs or received FIDs in 2026
Assess your competitor’s projects targeted to receive FIDs or received FIDs in 2026
Table of Contents
01. Upstream FIDs in 2026
Upstream Project FIDs Approved in H1 2026
Major Upstream Project FIDs Approved in H1 2026 - Baleine Phase 3
Major Upstream Project FIDs Approved in H1 2026 - Gendalo-Gandang
List of Upstream Project FIDs Approved in H1 2026
Upstream Projects Targeting FIDs in H2 2026
Major Upstream Projects Targeting FIDs in H2 2026 - Elk-Antelope (Papua LNG)
Major Upstream Projects Targeting FIDs in H2 2026 - Yakaar-Teranga Phase 1
List of Upstream Projects Targeting FIDs in H2 2026
02. Midstream FIDs in 2026
Midstream Project FIDs Approved in H1 2026
Major Midstream Project FIDs Approved in H1 2026 - CP2 Phase II Liquefaction Project
List of Midstream Project FIDs Approved in H1 2026
Midstream Projects Targeting FIDs in H2 2026
Major LNG Liquefaction Projects Targeting FIDs in H2 2026 - LNG Canada Expansion
Major LNG Regasification Projects Targeting FIDs in H2 2026 - Thrace INGS Floating
Major Gas Processing Projects Targeting FIDs in H2 2026 - Bab Gas Cap
List of Midstream Projects Targeting FIDs in H2 2026
03. Downstream FIDs in 2026
Downstream Project FIDs Approved in H1 2026
Major Renewable Refinery Project FIDs Approved in H1 2026 - Cubutao Renewable II
Major Petrochemical Project FIDs Approved in H1 2026 - Pacifico Mexinol Topolobampo Methanol Plant
List of Refinery and Petrochemicals Project FIDs Approved in H1 2026
Downstream Projects Targeting FIDs in H2 2026
Major Renewable Refinery Projects Targeting FIDs in H2 2026 - St James Parish Renewable
Major Conventional Refinery Projects Targeting FIDs in H2 2026 - Kibaale
List of Refineries Targeting FIDs in H2 2026
Major Petchem Projects Targeting FIDs in H2 2026 - Haldia Petrochemicals Cuddalore Ethylene Glycol Plant
List of Petrochemical Projects Targeting FIDs in H2 2026
04. Appendix
Abbreviations and Definitions
About the Analyst
Contact us
List of Tables
Upstream Project FIDs Approved in H1 2026
Upstream Projects Targeting FIDs in H2 2026
Midstream Project FIDs Approved in H1 2026
Midstream Projects Targeting FIDs in H2 2026
Refinery and Petrochemicals Project FIDs Approved in H1 2026
Refineries Targeting FIDs in H2 2026
Petrochemical Projects Targeting FIDs in H2 2026
List of Figures
Project type and resource type of oil and gas production projects approved for FIDs in H1 2026 by region
Baleine Phase 3 - Location map, project brief, and timeline
Gendalo-Gandang - Location map, project brief, and timeline
Project type and resource type of oil and gas production projects targeting FIDs in H2 2026 by region
Elk-Antelope (Papua LNG) - Location map, project brief, and timeline
Yakaar-Teranga Phase 1 - Location map, project brief, and timeline
Count, project cost, and capacity/length of midstream projects approved for FIDs in H1 2026 by segment*
CP2 Phase II - Location map, project brief, and timeline
Count, project cost, and capacity/length of midstream projects planned for FIDs in H2 2026 by segment*
LNG Canada Expansion - Location map, project brief, and timeline
Thrace INGS Floating - Location map, project brief, and timeline
Bab Gas Cap - Location map, project brief, and timeline
Count, project cost, and capacity of downstream projects approved for FIDs in H1 2026 by segment*
Cubutao Renewable II - Location map, project brief, and timeline
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