Eni – Page 7 – Oil & Gas 360

Eni Moves to Drones for Facility Inspections

February 15, 2017

Drones replace worker risk, shorten inspection time, provide cloud-based inspection reports Eni (ticker: E), the Italian oil and gas major that operates 9,241 active wells worldwide, has contracted with Sky-Futures, a British drone-based industrial inspection company to inspect Eni’s facilities globally using drones. The work represents a three-year contract between the energy producer and the drone technology company. This is the first

Zohr Gas Field Ramps Up: Saipem Lands $1.6 Billion in E&C Contracts

July 8, 2016

Italian drilling services firm Saipem (ticker: SPM) has been awarded more than $1.6 billion in contracts for offshore engineering and construction; the most significant contract relates to the field development project for the supergiant Zohr gas field, off the Egyptian coast in the Mediterranean sea. Petrobel has awarded Saipem an Engineering, Procurement, Construction & Installation (EPCI) contract for the accelerated

Offshore Alaska: DOI Adds More Drilling Regulations

July 7, 2016

President Obama ‘turning his back on the livelihoods of Alaskans who depend on resource development’ Today, the United States Department of the Interior and the Bureau of Ocean Energy Management released 348 pages of new Requirements for Exploratory Drilling on the Arctic Outer Continental Shelf. Today’s rule addresses certain key factors associated with conducting offshore oil and gas activities on the Arctic

Egypt Hopes to Start Production from Zohr Gas Field a Year Ahead of Original Plans

November 3, 2015

Italy’s Eni expects to invest $6-$10 billion in Zohr Egypt’s Oil Minister Tarek El Molla said this week that the country hopes to have production from the newly discovered Zohr gas field starting in 2017, a year ahead of its original plan. The field, discovered by Italy’s Eni (ticker: E) earlier this year, will be the biggest in the Mediterranean,

Red Flag: Iraq Warns Oil Companies it Intends to Cut Spending due to Oil Revenue Drop

September 15, 2015

Iraq tells oil companies to submit conservative funding requests for 2016 A letter dated September 6, 2015, from the Iraq Oil Ministry was sent out to international oil companies operating inside the country notifying them that they should plan to lower spending in 2016, reports The Wall Street Journal. Iraq is struggling to support its energy sector as it feels

Russia is the World’s Largest Producer of Crude Oil and Lease Condensate – EIA

August 6, 2015

Russia produced roughly 10.9 MMBOPD in 2014 While the United States became the world’s largest producer of hydrocarbons in 2014, Russia remained the largest producer of crude oil and lease condensate, according to the U.S. Energy Information Administration (EIA). In 2014, the country produced an average of 10.9 MMBOPD of crude oil and condensate. Russia exported more than 4.7 MMBOPD

Eni Starts Production in Latin America’s Largest Offshore Gas Field

July 7, 2015

Offshore production in Perla Field expected to reach 1,200 MMcf/d Italy’s Eni (ticker: E) announced that it has started production on the first phase of its offshore operations in the Perla gas field, approximately 50 kilometers (about 31 miles) offshore in the Gulf of Venezuela. The field is the largest offshore field in Latin American and the first to be

Energy PE Firm HitecVision, Oman's Petrogas to Buy UK oilfields for $635 Million -Oil & Gas 360

New $7 Billion Ghana Offshore Project Set to Start Producing in 2017

January 28, 2015

1.45 Tcf gas, 5MMBO project is 12% of 2015’s Foreign Direct Investment in Africa: Ghana President The government of Ghana, ENI (ticker: E) and Vitol yesterday signed an agreement to start work on the Offshore Cape Three Points (OCTP) oil and gas project offshore of Ghana. The new project, set approximately 60 km (37 miles) from the Ghanaian Western Region’s

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