Key Takeaways NEXT signs $9 billion in EPC contracts with Bechtel to build Train 4 and Train 5 at Rio Grande LNG. The $4.77 billion Train 4 deal and $4.32 billion Train 5 deal include fixed pricing through Sept. 15, 2025. NEXT aims to reach FID on Train 4 before pricing validity ends and advances supply deals for Train 5.NextDecade Corporation (NEXT) , a U.S.-based liquefied natural gas producer, announced that it has finalized contracts with Bechtel Energy for the construction of Train 4 and Train 5 at i ...

BW Energy makes FID on Maromba field development in Brazil BW Energy is pleased to announce the final investment decision (FID) for the Maromba development offshore Brazil based on a capex-efficient development with an integrated drilling and wellhead platform (WHP) and a refurbished FPSO. The development targets 500 million barrels of oil in place in the highly delineated and tested Maastrichtian sands. First oil is planned by end-2027 with expected plateau production of 60,000 barrels of oil per day. Th ...

NextDecade Corporation (NEXT) recently inked a long-term liquefied natural gas (LNG) supply agreement with TotalEnergies Gas & Power North America, a subsidiary of TotalEnergies SE (TTE) . Per the terms of the agreement, TotalEnergies will purchase 1.5 million tons per annum (MTPA) of LNG for 20 years on a free-on-board basis at a price indexed to the Henry Hub’s benchmark price.Since TotalEnergies has been a major contributor to the success of Rio Grande LNG Phase 1, NEXT is pleased to expand its partnersh ...