Post Tagged with: "ENI"
Repsol, Eni discussing new Venezuelan oil terms amidst Guyana dispute
(Bloomberg) – Venezuela is in advanced talks on new deals with European energy majors Repsol SA and Eni SpA as the Andean nation seeks to reassert itself as a global oil producer after the U.S. eased sanctions.
The …
Oil heavyweights Chevron, Repsol, Eni to benefit from Venezuelan sanctions relief
(Bloomberg) – Venezuela has an opportunity to resuscitate the linchpin of its economy — oil — now that U.S. sanctions have been relaxed. The surprise move on Oct. 18 allows international companies to apply the full weight …
Eni makes massive natural gas discovery offshore Indonesia
(WO) – Eni announced a significant natural gas discovery from the Geng North-1 exploration well drilled in North Ganal PSC, about 85 km offshore East Kalimantan in Indonesia. Preliminary estimates indicate a total structure discovered volume of 5 …
Eni nears $5 billion Neptune Energy deal to expand natural gas business
(Bloomberg) – Italian energy group Eni SpA is nearing a deal to acquire oil and natural gas operator Neptune Energy Group Ltd. for about $5 billion, according to people familiar with the matter. Eni could announce a deal …
Eni, Repsol to receive natural gas export licenses in Venezuela
(Bloomberg) – Venezuela plans to issue a license next month to Italy’s Eni SpA and Spain’s Repsol SA to export natural gas, said Pedro Tellechea, the nation’s oil minister and head of state-run Petroleos de Venezuela SA.
The …
Eni makes oil discovery offshore Mexico
(WO) – Eni made a new oil discovery on the Yatzil exploration prospect in Block 7, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the new finding …
Eni, ADNOC partner for future energy transition, decarbonization projects
(WO) – Claudio Descalzi, Eni CEO, and his Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, signed today a Memorandum of Understanding (MoU) outlining a framework …
Eni makes “significant” gas discovery offshore Egypt
(Bloomberg) — Eni Spa announced a new gas discovery in the East Mediterranean Sea in offshore Egypt, according to a company statement on Jan 15.
The discovery is “significant,” but the amount wasn’t disclosed.
The Italian energy …
Eni plans second LNG platform offshore Mozambique as Europe seeks gas
(Bloomberg) — Eni SpA is planning a second liquefied natural gas production vessel offshore Mozambique that could be built in less than four years to help Europe diversify supplies of the fuel, according to a company executive.
The …
Eni to join Exxon, Total, Shell, Conoco in Qatar’s mega-LNG expansion – sources
HOUSTON – Italian producer Eni has been picked, along with another four oil majors, by Qatar as partners in the near $30 billion expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the
Eni set to open roubles account for Russia gas unless told otherwise by EU
Italian energy giant Eni SpA is preparing to open ruble accounts at Gazprombank JSC, the latest sign that Europe’s united front against Moscow is splintering.
Eni’s move, which would potentially allow it to comply with Vladimir Putin’s demand …
Eni’s Var Energi plans IPO in bet on strong future for natural gas
(Bloomberg) –Eni SpA’s Norwegian joint venture, Var Energi AS, will apply for an initial public offering in Oslo on a bet there’s still investor demand for shares in oil and gas companies in Europe.
The company is …
Eni oil block expected to enter production in Q2 2023, Ivory Coast says
ABIDJAN — An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil and 17.5 million cubic feet of gas, the …
TotalEnergies, Eni to invest billions in Libyan energy projects
(Bloomberg) –France’s TotalEnergies SE and Italy’s SpA said they were ready to invest billions of dollars in Libya as the OPEC nation emerges from a decade of conflict and civil war.
“I want to contribute to Libya’s comeback,” …
Eni inadvertently buys oil from Iran, violating U.S. sanctions
(Bloomberg) – Eni SpA, one of Europe’s largest oil companies, said it unwittingly purchased a consignment of crude from Iran — an act that would have breached U.S. sanctions.
In 2019, the Rome-based company bought a shipment of …
Eni pledges higher returns as business looks up
MILAN – Italian energy group Eni pledged higher shareholder returns after swinging to a net profit in the second quarter to beat expectations as firmer oil prices offset lower production.
Adjusted net profit was 929 million euros ($1.1 billion), …
Italy’s Eni to shed retail-renewable energy stake
MILAN- Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations.
Several European energy companies, including …
Exclusive: Eni eyes oil spin-offs to tackle debt in energy transition
MILAN/LONDON – Italy’s Eni is considering spinning off oil and gas operations in West Africa and the Middle East into new joint ventures to help reduce debt and fund its shift to low-carbon energy, according to company and industry …
Exclusive: Eni could list minority stake in new retail-renewable business – source
LONDON/MILAN – Energy group Eni is looking to spin off its new retail and renewable energy business next year and could list a minority stake to raise money to bankroll the company’s energy transition, an industry source close to …
Italy’s Eni vows to become carbon neutral by 2050 in latest green push
MILAN – Italy’s Eni on Friday became the latest energy group to increase its climate ambition with a promise to be carbon neutral by 2050, as it seeks to keep pace in an industry under mounting investor pressure to …
Eni announces new oil discovery and new production in the Western Desert of Egypt
Eni has announced a new oil discovery, in Meleiha Concession, in the Western Desert of Egypt. The discovery was achieved through the Arcadia 9 well, drilled on the Arcadia South structure, which is located 1.5 km …
Italy’s Eni joins North Sea wind power grab with Dogger deal
OSLO/MILAN – Italy’s Eni is buying a 20% stake in the Dogger Bank Wind Farm project from Norway’s Equinor and Britain’s SSE as it seeks to gain expertise in the sector and cut its greenhouse gas emissions 80% by …
Oil CEOs believe a demand recovery is coming, but volatility is here to stay
Top energy chief executives say oil demand will recover next year, but they expect volatility to remain elevated, as the industry emerges from the reckoning of the coronavirus pandemic.
“We face a lot of uncertainty,” Total CEO Patrick Pouyanne …
Eni and HitecVision form Nordic renewable energy venture
OSLO/MILAN – Norwegian private equity group HitecVision and Italy’s Eni have formed a joint venture to develop renewable energy in the Nordic region, building on their existing cooperation in oil, they said on Wednesday.
The Vaargroenn venture, 69.6% owned …