Italy Seeking Documents For Eni, Shell Nigeria Case
(Reuters, 20.Jan.2021) — Italian prosecutors asked a Milan Court on Wednesday for documents sourced from U.S. bank JPMorgan to be filed as part of a corruption trial over the acquisition...
US May Restore Venezuela Diesel Swaps, Ease Waiver
(Argus, 20.Jan.2021) — The new US administration is considering whether to reinstate Venezuelan crude-for-diesel swaps and ease a key sanctions waiver, but policy reversals alone would not be enough to...
Entities Look To Press Biden On Venezuela Fuel Swaps
(Reuters, 18.Jan.2021) — Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe...
Venezuela Oil Exports Fall to New Lows
(Reuters, 2.Nov.2020) — Venezuela’s oil exports fell to a historic low of 359,000 barrels per day (bpd) in October as most of state-run PDVSA’s long-term clients paused trade to meet...
Venezuela Briefs: LPG Shortage, Eni On Nabarima
(Energy Analytics Institute, 23.Oct.2020) — Energy briefs from Venezuela regarding ongoing shortages of liquefied petroleum gas (LPG) and Italy’s Eni submitting a proposal regarding the offloading of FSO Nabarima. Heard...
Trinidad Briefs: Nabarima Stable, Budget Prices
(Energy Analytics Institute, 23.Oct.2020) — Energy briefs from Trinidad and Tobago related to an update on the status of the FSO Nabarima offshore Venezuela in the Gulf of Paria and...
Nabarima: Potential Oil Spill Larger Than Exxon-Valdez
(350.org, 20.Oct.2020) — While a record deluge of intensifying hurricanes hit the Caribbean and Gulf, many of the same communities are at risk of a slow-motion multi-million-gallon oil spill in...
Nabarima Floating Storage Tanker At Risk Of Sinking
(Energy Analytics Institute, 17.Oct.2020) — The Nabarima floating storage unit with around 1,180,000 barrels of oil and located offshore Venezuela’s Sucre state is at increased risk of sinking, an oil...
US Embassy In Trinidad Concerned About Nabarima
(Energy Analytics Institute, 16.Oct.2020) — The US Embassy in Trinidad and Tobago expressed continued concerns about the potential risk to safety and environment posed by the Venezuelan-flagged vessel, Nabarima. The...
US-Venezuela Dispute Delays Oil Storage Transfer
(Argus, 13.Oct.2020) — Italian Eni's plan to drain a Venezuelan floating oil storage vessel considered a potential environmental risk has been delayed for weeks because of concerns over US sanctions...
Damaged Venezuelan Oil Tanker Drawing Concern
(AP, 2.Sep.2020) — The sight of a huge oil tanker that has taken on water and is leaning to one side off a remote stretch of Venezuela’s coast has triggered...
PDVSA, Eni Weigh Options To Transfer Idled Oil
(Reuters, 2.Sep.2020) — Venezuelan state oil company PDVSA and Italy's Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast that has...
US’ Abrams Eyes Tighter Sanctions On Venezuela
(Reuters, 31.Aug.2020) — The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday, by potentially...
Angola Aims To Ramp Up Oil Production
(Oilprice.com, 30.Aug.2020) — Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2025, according to...
US Eyes October To End Exemptions On Venezuela
(Reuters, 19.Aug.2020) — The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer's...
Trump Govt Weighs Tighter Sanctions On Venezuelan Oil
(Bloomberg, 18.Aug.2020) — The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with...
Mexico’s Lopez Wants Plan To Execute Energy Vision
(Reuters, 11.Aug.2020) — Mexico's president has given officials until late September to craft a plan to reassert state control over the energy industry as an alternative to constitutional change to...
Metor Pauses Venezuela Methanol Output
(Argus, 31.Jul.2020) — Mitsubishi-operated Metanol de Oriente (Metor) in eastern Venezuela has suspended methanol production as a health precaution. The 750,000 t/yr Metor 1 plant will close from today through...
Total, BP And ENI Make New Gas Find Offshore Egypt
(Reuters, 28.Jul.2020) — French oil company Total said on Tuesday that, along with its partners BP and ENI, it had made a gas discovery at a well off the coast...
Reliance To Load Venezuelan Oil Under Fuel Swap Deal
(Reuters, 9.Jul.2020) — India’s Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap deal the parties say is...
PdV Receives Diesel Cargo, Patches Gasoline Unit
(Argus, 8.Jul.2020) — PdV received a cargo of ultra-low sulfur diesel today at its Amuay terminal, close to where the Venezuelan state-owned company is running into more snags at its...
Venezuela’s Oil Production Sinks To 300,000 b/d
(Argus, 3.Jul.2020) — Venezuela kicked off July with only around 300,000 b/d of crude production and no oil rigs in operation, according to a series of internal operation reports from...
Venezuela Awaits New Products Cargo From Italy
(Argus, 3.Jul.2020) — Venezuela will receive another products cargo from Italy next week, highlighting the endurance of debt-related oil trade with EU companies that falls outside the scope of escalating...
Venezuelan Crude Arrives At Milazzo
(Argus, 1.Jul.2020) — A cargo of Venezuelan crude has arrived at the 235,000 b/d refinery run by Italy's integrated Eni and Kuwait's state-owned KPC at Milazzo, Sicily. Around 1mn bl...
Eni Reports New Gas Discovery Offshore Egypt
(Eni, 1.Jul.2020) — Eni has successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called...
Venezuela’s Oil Exports Sank In June To 77-year Low: Data
(Reuters, 1.Jul.2020) — Venezuela’s oil exports slumped in June to their lowest level since 1943 after half a dozen tankers, looking to avoid the threat of U.S. sanctions, sailed away...
End Of Venezuela’s Oil Fortune Looms Over Maduro
(Bloomberg, 20.Jun.2020) — Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime. Crude exports that once accounted for...
Cairn Provides Mexico Drilling Update
(Cairn Energy, 5.May.2020) — Operations have been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico, in which Cairn has a...
Venezuela Gasoline Shortages Worsen
(Reuters, 8.Apr.2020) — Gasoline shortages in Venezuela are worsening after U.S. officials have told foreign firms to refrain from supplying the fuel to the sanctioned South American nation and only...
PDVSA And Eni Restart Work On Diluent Pipeline
(Energy Analytics Institute, Piero Stewart, 8.Apr.2020) — Venezuela’s state oil company Petróleos de Venezuela, S.A. (PDVSA) and the Italian oil company ENI, which comprise the Empresa Mixta Petrojunín, SA --...
Venezuela Cause Drifting Off International Agenda
(Argus, 10.Mar.2020) — Venezuela's US-backed opposition is scrambling to stay relevant at home and abroad as the US and other foreign patrons turn inward to focus on slowing the spread...
Trump Wants Pressure Raised On Maduro
(Bloomberg, 21.Feb.2020) — President Donald Trump is frustrated that pressure is building too slowly on Venezuelan President Nicolas Maduro and is still considering military options in the country, including a...
Latest Rosneft Sanctions Raise Risks For Others
(Reuters, 19.Feb.2020) — Washington’s move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuela’s state-run PDVSA escalated threats facing non-U.S. firms and...
Payment Demands In Crypto Pauses Some Oil Purchases
(Bloomberg, 16.Jan.2020) — Some buyers of Venezuelan crude oil have halted purchases after the country started demanding payment of port fees in its failed cryptocurrency. Exports of at least 1...
Guyana Key Elections To Come Ahead Of First Oil
(Argus, 26.Sep.2019) ) — Guyana will hold parliamentary elections on 2 March 2020, around the time that ExxonMobil plans to launch offshore oil production that promises to transform the economy...
Siemens Turbine Generator To Power Eni Mexico Area 1
(Siemens, 9.Jul.2019) — Siemens will provide MODEC with three 34-megawatt (MW) SGT-A35 gas turbine power generation packages that will power MODEC's floating production, storage, and offloading (FPSO) vessel. Rendering of...
Eni Awarded New E&P License Offshore Ghana
(Eni, 3.Jul.2019) — Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana....
Eni Starts Production Offshore Mexico At Area 1
(Eni, 2.Jul.2019) — Eni has started the early production phase from the Miztón field in Area 1, located in the Campeche Bay offshore Mexico. This is the first step in...
Initiatives In The Circular Economy: Eni
(Eni, 6.Jun.2019) — In order to ensure long-term growth in the future, the Company must be economically, technically and environmentally efficient. Efficiency is a broad concept that includes continuous evolution,...
Italy’s Eni Awarded High Potential Exploration Block Offshore Argentina
(Eni, 20.May.2019) — The award of block MLO 124 is the outcome of the consortium’s successful bid in the International Bid Round “Ronda Costa Afuera n. 1” held on 16...
Eni Reports New Light Oil Find In Block 15/06 Offshore Angola
(Eni, 14.May.2019) — Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well was drilled on the Ndungu exploration prospect. The new discovery...
Rovuma LNG Development Plan Approved By Mozambique Government
(Eni, 14.May.2019) — Mozambique Rovuma Venture said today that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural...
Lights Dimming On Big Oil In Venezuela
(Argus, Patricia Garip, 10.Apr.2019) — Darkness has befallen Venezuela in more than one sense, and incumbent oil companies are scrambling for a ray of light. It was hard enough for...
Venezuela’s Oil Re-opening Unlikely Before 2024
(Argus, 14.Mar.2019) — Venezuela’s political opposition is proposing a comprehensive oil reform that would allow foreign investors to own up to 100pc of oil assets from the wellhead to the...
Eni’s Gulf Expansion Has Just Started: CEO
(Reuters, Stephen Jewkes, 15.Feb.2019) — Italian major Eni said it intends to expand in the Middle East after a spree of deals in the Gulf last year, pressing ahead with...
U.S. Sanctions On PDVSA Likely To Impact Venezuelan Gas
(Energy Analytics Institute, Pietro D. Pitts, 29.Jan.2019) — U.S. sanctions announced in January week against Venezuela’s state oil company PDVSA will not only affect Venezuela’s oil sector, but also hold...
Qatar Buys Mexican Oil Stakes From Eni
(Bloomberg, Mohammed Sergie and Anthony Dipaola, 16.Dec.2018) — Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as the Arab country signs another global...
Eni To Sell 35% Stake In Area 1 Offshore Mexico To Qatar Petroleum
(Eni, 16.Dec.2018) — His Excellency Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President & CEO of Qatar Petroleum, and Claudio Descalzi, Chief Executive Officer of Eni, signed...
Mexico’s Lopez Obrador Pushes Big Oil To Hurry, But Offers Little
(Reuters, David Alire Garcia, Marianna Parraga, 16.Oct.2018) — At his first meeting with foreign oil majors, Mexico’s leftist president-elect pushed the companies to prove themselves by quickly pumping oil from...
Venezuela the Clear Leader in Oil Reserves
(UPI, Daniel J. Graeber, 31.Jul.2018) – An annual review of energy trends from Italian energy company Eni found the United States is a "game changer," though its Venezuela with the...
Eni Hat-trick at Mackenzie’s Annual Awards
(Wood Mackenzie, 12.Jul.2018) – Italian major Eni won its third consecutive Most-Admired Explorer title, an accolade awarded in conjunction with Wood Mackenzie's industry-leading annual Exploration Survey. Eni's chief exploration officer,...
PDVSA Owes Cardon IV Partners Eni and Repsol $1 Billion
(Energy Analytics Institute, Piero Stewart, 25.May.2018) ‐- Venezuela’s state oil company Petróleos de Venezuela owes an estimated $1 billion to its partners in the Cardón IV natural gas project offshore....
The Insignificance of Venezuela’s 342-Year R/P Ratio
(Energy Analytics Institute, Pietro D. Pitts, 24.May.2018) – Venezuela’s reserves-to-production or R/P ratio was a remarkable 342 times in 2016 based on reserves of 300.9 billion barrels and production of...
Mexican Drillers Sign 1st Deal Without State Oil Giant
(Bloomberg, Amy Stillman, 22.May.2018) – Two upstart Mexican drillers have signed the first farm-out deal in Mexico’s oil sector that doesn’t include state company Petroleos Mexicanos. Jaguar Exploracion y Produccion...
Mexico Awards Blocks In Final Oil Auction Before Election
(Reuters, David Alire Garcia & Marianna Parraga, 27.Mar.2018) -- Mexico awarded just under half of the 35 shallow-water blocks it tendered on Tuesday, in an auction muddied by the promises...
Shell Made Mistake Pulling Out of Guyana basin
(CaribbeanLife, Bert Wilkinson, 31.Jan.2018) — Now that Guyana’s oil and gas basin has been deemed as one of the hottest and most exciting prospects in the world, Shell Oil has...
Venezuela to Soon Initiate Gas Shipments to Colombia
(Energy Analytics Institute, Piero Stewart, 4.Jul.2016) – Venezuela plans to soon initiate shipments of natural gas to Colombia, reported Venezuela's new agency AVN, citing the country's Oil Minister Eulogio Del...
Venezuela to Start Mariscal Sucre Project by YE:15
(Energy Analytics Institute, Pietro D. Pitts, 1.Oct.2015) – Venezuela will soon start offshore gas production at the Mariscal Sucre project. Production from Cardon IV block is currently at 300 million...
Seaway Signs Perla Gas Deal
(Seaway Heavy Lifting, 9.Apr.2015) – Seaway Heavy Lifting entered into a contract with Cardon IV in Venezuela for transportation and installation of the Perla project gas production platforms complete with...
Eni CEO Comments on Perla
(Energy Analytics Institute, Ian Silverman, 28.Aug.2013) – Eni Chief Executive Officer Paolo Scaroni comments during a special event at PDVSA’s headquarters in Caracas, Venezuela about his company's participation in activities...
Journalist Round Table with Rafael Ramirez
(Energy Analytics Institute, Piero Stewart, 31.Jul.2013) – PDVSA President Rafael Ramirez held a small round table with journalist in Caracas, Venezuela. What follows are excerpts from the discussion. Rafael Ramirez...
Speech by Rafael Ramirez from Puerto Ordaz
(Energy Analytics Institute, Piero Stewart, 27.Jul.2013) – PDVSA's and Venezuela’s Oil Minister President Rafael Ramirez spoke at the closing of the Sixth National Production Meetings in Puerto Ordaz, Venezuela. What...