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Oil&Gas

Whiptail Development Project — Stabroek Block, Guyana

The Whiptail Development Project is an offshore project located in the Stabroek Block, approximately 200 km off the coast of Guyana. The project involves the development of oil resources through up to 10 drill centers, 48 production and injection wells, subsea infrastructure and the new FPSO Jaguar. With an expected production capacity of approximately 250,000 barrels of oil per day, Whiptail aims to increase Guyana’s offshore oil production.

Energy

Taiba & Qassim Combined Cycle Gas Turbine (CCGT)

The Taiba & Qassim Combined Cycle Gas Turbine Projects are projects developed in Taiba and Qassim, Saudi Arabia. The programme includes the Taiba 1, Taiba 2, Qassim 1 and Qassim 2 power plants, each with a capacity of approximately 1,800 MW. The objective is to increase the Kingdom’s power generation capacity, ensure a reliable energy supply and support Saudi Arabia’s transition towards a more efficient and lower-emission electricity mix.

Bioenergy

H2GS — Sweden — 2.1 MTPY HDRI and BRI Plant

H2 Green Steel was launched in 2021 in Boden, northern Sweden, is designed to produce 2.1 million tonnes per year of hot direct reduced iron (HDRI) and hot briquetted iron (HBI) using fossil-free hydrogen-based direct reduction technology. The project aims to decarbonize steel production by replacing fossil fuels with renewable hydrogen during the iron reduction process. Integrated with an electric arc furnace (EAF), the plant is expected to reduce CO₂ emissions from ironmaking by up to 95% compared with conventional blast furnace technology, supporting the production of near-zero-emission steel. The start of production is planned in 2026.

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