HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Feb.2025) — Italy’s Eni SpA and Malaysia’s national oil company Petronas announced plans to combine select upstream assets from their Indonesia and Malaysia portfolios to form a new, standalone and self-funded joint venture (JV). The JV is expected to have some 3 billion […]
Tag: Eni
Venezuela Flared 46% of its 3,895 MMcf/d of Natural Gas Production in 2024
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 21.Feb.2025) — Oil producing Venezuela, a founding member of the Organization of the Petroleum Exporting Countries (OPEC), flared 46% of its natural gas production of 3,895 million cubic feet per day (MMcf/d) in 2024, according to details provided by ChemStrategy. Another 46% […]
TotalEnergies and ENI Ink Deal to Export Cyprus Block 6 Gas Through Egypt
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Feb.2025) — France’s TotalEnergies and Italy’s ENI, partners in Cyprus offshore Block 6, signed a Host Government Agreement (HGA) with the Arab Republic of Egypt and the Republic of Cyprus related to development of Block 6 gas resources. The agreement is a key milestone towards the development […]
Enilive Begins SAF Production at Gela Plant in Sicily
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Jan.2025) — Enilive announced commissioning of its first plant to produce sustainable aviation fuel (SAF) at the Gela biorefinery, in Sicily, Italy. Production has started at the plant, Eni said 22 Jan. 2025 in an official statement. The plant has a capacity of […]
Protected: Commentary: Mexico’s Energy Sector Opportunities Amid Uncertainties
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Eni Launches Hull of Nguya FLNG in China
(Energy Analytics Institute, 23.Nov.2024) — Italy’s energy giant Eni launched the hull of the Nguya Floating Liquefied Natural Gas (FLNG) facility in Wison‘s shipyard in Nantong, China. In Congo’s Lingala language, “Nguya” means strength, energy, and the ability to deliver projects effectively, reflecting the company’s achievements through its partnership with […]
Eni Launches New HPC6 Supercomputer
(Eni, 19.Nov.2024) — Eni announces the completion and launch of a new supercomputing system (High Performance Computing – HPC) HPC6. HPC6 provides a significant increase in computational power to a peak of 606 PFlop/s, or over 600 quadrillion mathematical operations per second. The system has achieved a debut ranking of No.5. […]
SACE and Open-es to Boost Competitiveness of Italian Companies
(Eni, 4.Nov.2024) — SACE and Eni announced a strategic partnership to promote synergies through the Open-es alliance. The aim of the agreement is to strengthen support for Italian companies, especially SMEs, in their growth journey by combining sustainability and competitiveness. This includes the integration of the Open-es and SACE ESG […]
Eni Completes Divestment of Assets in Alaska to Hilcorp
(Energy Analytics Institute, 4.Nov.2024) — Italy’s Eni closed the sale to Hilcorp of 100% of the Nikaitchuq and Oooguruk assets owned in Alaska for a value of $1bn. The deal received the approval of all relevant authorities, and is in line with Eni’s strategy focused on the rationalization of the […]
Egypt President Abdel Fattah el-Sisi Meets Eni CEO Claudio Descalzi
(Eni, 28.Oct.2024) — The President of the Arab Republic of Egypt, Abdel Fattah el-Sisi met today with Eni Chief Executive Officer Claudio Descalzi to follow up on Eni’s ongoing activities in the country and discuss areas of common interest and collaboration. Also in attendance were Egyptian Oil Minister Karim Badawi […]
Eni Reports 3Q:24 Financial Results (PDF Downloads)
(Eni, 25.Oct.2024) — Eni‘s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the third quarter and nine months of 2024. Eni CEO Claudio Descalzi said: “In Q3, by delivering a performance ahead of expectations, we have again demonstrated the resilience of our business model […]
Eni Set Outs Decarbonization and Relaunch Plan for Versalis
(Eni, 24.Oct.2024) — As first announced at the presentation of its 2024-2027 Strategic Plan, Eni has finalized its transformation and relaunch plan for its chemicals business, also as part of its decarbonization path. The transformation plan involves about €2bn of investment and aims to reduce emissions by approximately 1 million […]
Eni Inks Deal for KKR to Enter Enilive’s Share Capital
(Eni, 24.Oct.2024) — Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total agreed consideration of €2.938bn. The transaction will be funded through: 1) the subscription of a capital increase in Enilive reserved to KKR amounting to €500mn; 2) […]
Eni’s BODs on Distribution to Shareholders
(Eni, 24.Oct.2024) — Eni’s Board of Directors, chaired by Giuseppe Zafarana, resolved to distribute to shareholders the second of the four tranches of the provision in place of the 2024 dividend from Eni S.p.A. available reserves[1] of €0.25 (compared to a total annual provision, in place of the dividend, equal […]
Plenitude Starts Construction of New 220MW Solar Plant in Villarino de los Aires in Spain
(Eni, 17.Oct.2024) — Plenitude has started the construction works in Villarino de los Aires (Salamanca, Spain) of a solar plant, with a future installed capacity of 220 MW, that will be among the largest in Castilla y León. The cornerstone laying ceremony held today was attended by representatives of the […]
Ecopetrol Says Importation of Venezuela Gas Viable
(Energy Analytics Institute, 4.Oct.2024) — Ecopetrol SA president Ricardo Roa has analyzed the natural gas deficit in Colombia and stressed that the reactivation of Venezuelan gas imports could be a feasible solution, as long as Repsol SA provides the supply. During the VII Oil, Gas and Energy Summit, Roa mentioned […]
McDermott Awarded FEED Contract in Mozambique
(Energy Analytics Institute, 30.Sep.2024) — McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design (FEED) contract for the Rovuma LNG Phase 1 in Mozambique. Rovuma LNG Phase 1 is a joint venture between ExxonMobil Development Africa B.V., Eni S.p.A. and […]
Eni Releases 2024 Methane Report
(Eni, 26.Sep.2024) — Eni SpA’s actions to reduce methane emissions across its operations are revealed in the company’s Methane Report 2024. ____________________
Chevron Boosts Recovery at Two Facilities in US GOM
(Chevron, 3.Sep.2024) — Chevron Corporation has started water injection operations at two projects to boost oil and natural gas recovery at the company’s existing Jack/St. Malo and Tahiti facilities in the deepwater U.S. Gulf of Mexico, where Chevron operations produce some of the world’s lowest carbon intensity oil and gas. “Delivery of these two projects […]
Itabus Travels with Enilive’s Biofuel, 100% Made from Renewable Raw Materials
(Eni, 29.Jul.2024) — Itabus, an Italian transport company, is now using Enilive‘s HVOlution diesel biofuel to power its fleet of next-generation buses. The new agreement strengthens the collaboration between Enilive, Eni’s company focused on mobility products and services, and Itabus, a long-distance coach transport company that has been part of the […]
Eni Reports 2Q:24. and 2H:24 Results
(Eni SpA, 26.Jul.2024) — Eni‘s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the second quarter and first half 2024. Eni CEO Claudio Descalzi said: “In the second quarter 2024, we have delivered results ahead of expectations, demonstrating the significant progress Eni has made in […]
PETRONAS, Enilive and Euglena Take FID on Biorefinery in Malaysia
(Eni, 26.Jul.2024) — Petroliam Nasional Berhad (PETRONAS), Enilive S.p.A (a company directly controlled by Eni S.p.A.), and Euglena Co., Ltd. have reached the final investment decision (FID) to develop a biorefinery which will be located within PETRONAS’ Pengerang Integrated Complex (PIC), Johor, Malaysia. The three companies will establish a joint venture […]
Plenitude Completes new 39 MW Wind Farm in Calabria
(Eni, 25.Jul.2024) — Plenitude has completed the construction of a new onshore wind farm with a capacity of around 39 MW in Borgia (in the province of Catanzaro), Calabria, Italy. The plant, consisting of nine state-of-the-art wind turbines, will be operational from today and will produce 84 GWh of electricity per […]
Eni on Approval of First Tranche of 2024 dividend: € 0.25/Share
(Eni, 25.Jul.2024) — Eni’s Board of Directors, chaired by Giuseppe Zafarana, today resolved to distribute to Shareholders the first of the four tranches of the provision in place of the 2024 dividend from Eni S.p.A. available reserves[1] of € 0.25 (compared to a total annual provision, in place of the dividend, equal […]
Eni Announces New Discovery Offshore Mexico
(Eni, 8.Jul.2024) — Eni announces a new discovery on the Yopaat-1 EXP exploration well in Block 9, approximately 63 kilometers off the coast in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. The preliminary estimates indicate a discovered potential of around 300-400 million barrels equivalents (Mboe) […]
Eni Inks Deal to Sell Upstream Assets in Alaska
(Eni, 27.Jun.2024) — Eni inked a binding agreement with Hilcorp, one of the largest US private company with extensive experience operating in Alaska, for the sale of 100% of the Nikaitchuq and Oooguruk assets owned by Eni in Alaska. This transaction is consistent with Eni’s strategy focused on the rationalization of […]
Aker Solutions Secures Brownfield, Modification Frame Deal with Azule Energy
(Aker Solutions, 6.Jun.2024)) — Aker Solutions secured a sizeable (1) long term frame agreement with Azule Energy to provide engineering, procurement, and construction services (EPC) for brownfield projects and modifications for two FPSOs in Angola. This is a continuation of the current frame agreement Aker Solutions has with the operator […]
Petrobras Ranking by Poder 360
(Energy Analytics Institute, 18.May.2024) — In 2023, Petrobras was the 4th most profitable oil company. Saudi Arabia’s Saudi Aramco remains the leader, on its own, according to Poder 360. Petrobras ranked above other oil majors, including some with higher revenues. This is the case of the British BP, the Norwegian […]
Eni Renews Membership with MIT Energy Initiative
(Eni, 26.Mar.2024) — Eni renewed its membership participation in the MIT Energy Initiative (MITEI) as a Founding Member until end of 2027, furthering its commitment to the field of low-carbon energy research. The agreement demonstrates Eni’s consideration of innovation and research as core drivers behind its short-, medium- and long-term […]
Eni, Fincantieri and RINA Team up Against Maritime Transport Decarbonization
(Eni, 25.Mar.2024) — Eni, Fincantieri, one of the world’s largest shipbuilding groups, the only one active in all high-tech marine industry sectors, and RINA, a multinational inspection, certification, and engineering consultancy, have signed an agreement to develop joint initiatives for the energy transition. The partnership formalises the commitment to develop […]
Eni Completes Sales of Some Congo Assets to Perenco
(Eni Spa, 12.Mar.2024) — Eni announced the closing for the sale to Perenco of Eni participation interest in several upstream permits in Congo, non-core to the company strategy in the Country, after having obtained the approval of relevant authorities. The transaction is consistent with Eni’s strategy to focus its Upstream […]
Exmar and Eni Celebrate Congo’s First LNG Cargo
(Exmar, 28.Feb.2024) — Senior representatives from Eni, Exmar and the project partners gathered yesterday with Congolese institutions to celebrate the successful start-up of LNG production and the first shipment of LNG from the Republic of the Congo. This milestone completes the implementation of the first phase of Eni-operated Congo LNG […]
![Eni Reports 2023 Full Year Results [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/10/congo.jpg.rend_.1140.0-source-eni.jpg)
Eni Reports 2023 Full Year Results [PDF Downloads]
(Eni SpA, 16.Feb.2024) — Eni‘s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the full year and the fourth quarter of 2023. Eni CEO Claudio Descalzi said: “2023 was another year of excellent results for Eni in the face of an uncertain and volatile […]
Eni Reports on Treasury Share Purchases
(Eni, 13.Dec.2023) — During the period from 4-8 Dec. 2023, Eni acquired on the Euronext Milan no. 5,595,589 shares (equal to 0.17% of the share capital), at a weighted average price per share equal to 14.9630 euro, for a total consideration of 83,726,564.84 euro within the second tranche of the […]
Eni and Defense Strengthen Strategic Deal for Italy’s Security
(Eni, 4.Dec.2023) — Minister of Defence, Guido Crosetto, and Eni CEO, Claudio Descalzi, signed a Memorandum of Understanding between the Ministry of Defence and Eni today in Rome. The agreement strengthens strategic collaboration on security and risk assessment thanks to the share of expertise and information that can complement the […]
Eni CFO Gattei Says Venezuela ‘Clearly Is Now An Opportunity’
(Energy Analytics Institute, 27.Oct.2023) — The CFO of Eni S.p.A., Francesco Gattei, commented on the situation in Venezuela during the Italian company’s third quarter 2023 conference call with analysts. Gattei said the Opec country is “clearly is now an opportunity”, referring to the state of play in the country after […]
Eni Inks Deal to Ensure Further LNG Volumes from Indonesia
(Eni, 26.Oct.2023) — Eni signed a 0.8 billion cubic meters (bcm) LNG sales and purchase agreement with Merakes LNG Sellers, starting from January 2024 for 3 years, in addition to the contract with Jangkrik LNG Sellers for 1.4 billion cubic meters per year, in place since 2017. Thanks to these […]
Eni’s BODs on Distribution
(Eni, 26.Oct.2023) — Eni’s Board of Directors, chaired by Giuseppe Zafarana, resolved to distribute to Shareholders the second of the four tranches of the provision in place of the 2023 dividend from Eni S.p.A. available reserves[1] of € 0.23 (compared to a total annual provision, in place of the dividend, equal […]
Eni Inks LNG Deal Related to Qatar’s North Field East Expansion Project
(Eni, 23.Oct.2023) — Eni signed a long-term contract with QatarEnergy LNG NFE (5), the JV between Eni and QatarEnergy for the development of the North Field East (NFE) project in Qatar, for the delivery of up to 1.5 billion cubic meters per annum (bcma) of LNG. The available volumes will […]
Venezuela’s Heavy Oil Output Rises Limited Following US Sanctions Relief: EIA
(EIA, 23.Oct.2023) — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) effectively lifted most U.S. sanctions on Venezuela’s energy sector on October 18 for six months, paving the way for additional exports of the heavy, sour crude oil the country produces. That type of crude oil has been […]
Eni Reports Sail Away of the Tango FLNG, Excalibur FSU Vessels to Congo
(Eni, 21.Oct.2023) — In the presence of Bruno Jean Richard Itoua, Minister of Hydrocarbons of the Republic of the Congo, Maixent Raoul Ominga, Managing Director of SNPC, and Guido Brusco, Eni’s Chief Operating Officer Natural Resources, today Eni celebrated the sail away of the Tango Floating Liquefied Natural Gas (FLNG) […]
Enilive’s Diesel from 100% Renewable Raw Materials Powers Lannutti’s Fleet
(Eni, 19.Oct.2023) — Enilive (Eni Sustainable Mobility), through the Eni Fuel company, and Lannutti Group, a leading operator in the logistics and road transport sector, have signed an agreement for the use of HVOlution, a diesel fuel produced from 100% renewable raw materials*. With 300 trucks in its Italian fleet […]
Versalis: Acquisition of Novamont Finished
(Eni, 18.Oct.2023) — Versalis now holds the entire share capital of Novamont, of which it already owned 36%. The transaction, announced on 28 April and authorised by the relevant authorities, was completed today with Mater-Bi, a subsidiary of Investitori Associati II and NB Renaissance, acquiring 64% of Novamont’s shares. Novamont, […]
Eni Tops TotalEnergies as Africa’s Top Producer
(Energy Analytics Institute, 11.Sep.2023) — Eni actually takes the top spot as Africa’s top producer, not TotalEnergies, according to Welligence Energy Analytics. Producing around 900,000 boe/d, 40% of Eni’s output comes from Algeria and Libya. The rest is sourced from Nigeria, Ghana, Congo-Brazzaville, Mozambique, Angola and Tunisia, Welligence announced 11 […]
EAI’s NRGBriefs: Aug. 2023
(Energy Analytics Institute, 31.Aug.2023) — Energy briefs as well as others related to finance and projects during August 2023 including Petrobras commenting on divestment process related to the LUBNOR refinery; Petrobras commenting on Sete Brasil; FMC Corporation on revenues in Latin America in the second quarter 2023; Sempra appointing Richard Mark to […]
Eni Revokes Force Majeure on Three Exploration Assets in Libya
(Eni, 3.Aug.2023) — Eni formalized with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%. Force Majeure, declared in […]
Eni’s Chairman Welcomes Visit of Minister of Economy
(Eni, 21.Jul.2023) — Eni’s Chairman, Giuseppe Zafarana, and CEO Claudio Descalzi welcomed the Minister of Economy and Finance, Giancarlo Giorgetti, the President of Lombardy, Attilio Fontana, the Councillor for Economic Development of Lombardy, Guido Guidesi, and the Mayor of San Donato Milanese, Francesco Squeri, to Eni’s Research Centre in Bolgiano to […]
Shipowners’ Associations and Eni to Decarbonize Maritime Sector
(Eni, 11.Jul.2023) — Eni presented a document titled “The route to net zero. Decarbonizing the maritime sector” in collaboration withAssarmatori and Confitarma as well as three of the largest companies in the maritime sector (Wärtsilä, WinGD and MAN Energy Solutions) and Unem, Federchimica/Assogasliquidi, Assocostieri and RINA. The contributors oversaw the work of […]
End Reports on Purchase of Treasury Shares
(Eni, 7.Jun.2023) — During the period from 29 May to 2 June 2023, Eni acquired on the Euronext Milan no. 5,786,201 shares, at a weighted average price per share equal to 12.8663 euro, for a total consideration of 74,447,190.76 euro within the authorization to purchase treasury shares approved by the Shareholders’ […]
EAI’s NRGBriefs: Apr. 2023
(Energy Analytics Institute, 30.Apr.2023) — Energy briefs as well as others related to finance and politics during April 2023 including the US not blocking the court-ordered sale of shares of Citgo Petroleum Corp.’s parent company, PDV Holding, to pay off creditors who have sought payment from the Venezuelan state; OFAC authorizing […]
Eni Reports 1Q:23 Financial, Operational Results [PDF Downloads]
(Eni, 28.Apr.2023) — Eni‘s Board of Directors, chaired by Lucia Calvosa, yesterday approved the unaudited consolidated results for the first quarter of 2023. ____________________
Eni Inaugurates Congo LNG Project in the Republic of the Congo
(Eni, 25.Apr.2023) — The President of the Republic of the Congo, Denis Sassou Nguesso, and the Chief Executive Officer of Eni, Claudio Descalzi, today laid the foundation stone of Congo LNG, the country’s first natural gas liquefaction project and one of Eni’s core supply diversification initiatives. The project is expected […]
GreenIT’s 2023-2027 Business Plan Approved with Shareholders’ Backing
(Eni, 6.Apr.2023) — The Board of Directors of GreenIT, the Italian joint venture established in 2021, 51% owned by Plenitude (Eni) and 49% by CDP Equity (CDP Group), and active in the production of electricity from renewable sources, approved the new 2023-2027 Business Plan with approval from the shareholders for […]
Eni Celebrates Sail Away of FPSO Firenze to Baleine Field Offshore Côte d’Ivoire
(Eni, 6.Apr.2023) — Eni, in partnership with PetroCi, celebrated the sail away of the FPSO Firenze to the Baleine field offshore Côte d’Ivoire in Dubai. The event was attended by Mamadou Sangafowa-Coulibaly, Minister of Mines, Petroleum and Energy Côte of d’Ivoire, and other dignitaries. The FPSO Firenze will allow production […]
Eni: 4Q:22 and YE:22 Results [PDF Downloads]
(Eni, 23.Feb.2023) — Eni‘s Board of Directors, chaired by Lucia Calvosa, yesterday approved the unaudited consolidated results for the full year and the fourth quarter of 2022. Eni CEO Claudio Descalzi said: “In 2022, Eni was not only engaged in progressing its sustainable energy transition goals, but also in ensuring […]
Plenitude Inaugurates 263 MW Photovoltaic Plant in Texas
(Eni, 3.Feb.2023) — Plenitude began production at the 263 MW “Golden Buckle Solar Project” in Brazoria County Texas, USA, at the presence of Consul General of Italy in Houston Mauro Lorenzini. The plant was built in just over a year, in an area of over 600 hectares located 80 km […]
Plenitude Returns to Sanremo in the Name of the Energy Transition
(Eni, 2.Feb.2023) — The journey to improve energy efficiency at the Sanremo Festival, which Plenitude began in 2022 with Rai and Rai Pubblicità, continues today. The company is Partner of the 73rd edition of Italy’s most important music event. Plenitude’s presence at Sanremo will focus on the energy transition and […]
Italian Police and Eni Renew Deal to Prevent, Combat Cybercrime
(Eni, 1.Feb.2023) — Eni and the Italian State Police have renewed an agreement to prevent and combat cybercrime against information systems and services deemed essential to the country. The agreement, signed in Rome by Lamberto Giannini, Chief of Police and General Director of Public Security, and Claudio Descalzi, CEO of […]
QatarEnergy Buys 30% Interest in Two Offshore Blocks in Lebanon
(QatarEnergy, 29.Jan.2023) — QatarEnergy entered into agreements with the Government of Lebanon, TotalEnergies and Eni to become a partner in two exploration blocks offshore the Republic of Lebanon. Pursuant to the terms of the agreements signed in Beirut today, QatarEnergy will hold a 30% working interest in the Exploration and […]
Lebanon: QatarEnergy Joins TotalEnergies and Eni on Two Exploration Blocks
(TotalEnergies, 29.Jan.2023) — TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The agreements were endorsed in Beirut on January 29, during a ceremony attended by His Excellency Dr. Walid Fayad, the Minister of Energy and Water […]
Eni and Partners Transfer 30% Interest in Lebanon Blocks to QatarEnergy
(Eni, 29.Jan.2023) — Eni and TotalEnergies have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon. The transfer agreement was signed, at the presence of the Prime Minister of Lebanon, Najib Mikati, by the Minister of Energy and Water […]
Cyprus: TotalEnergies Reveals New Gas Find Offshore in Block 6
(TotalEnergies, 21.Dec.2022) — TotalEnergies and Eni (operator) have made a new gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 and the Cronos-1 discoveries made on the same block respectively in 2018 and August 2022. The Zeus-1 well encountered 105 meters of net […]
Versalis’ New Technology to Produce Enzymes for 2nd Generation Ethanol
(Eni, 19.Dec.2022) — Versalis, Eni‘s chemical company, has acquired the technology to produce enzymes for second-generation ethanol from DSM, a global, purpose-led company in Health, Nutrition & Bioscience. The agreement has a strategic value for Versalis as it integrates with proprietary Proesa® technology, applied at the Crescentino plant for the […]
Eni and Snam Form JV to Develop the Italy’s First CCS Project
(Eni, 19.Dec.2022) — Today Eni Chief Executive Officer Claudio Descalzi and Snam Chief Executive Officer Stefano Venier signed an agreement to jointly develop and manage Phase 1 of the Ravenna Carbon Capture and Storage (CCS) Project, through an equal joint venture. The agreement also includes the implementation of studies and […]
Eni: Treasury Shares Purchase Programme Terminated
(Eni, 7.Dec.2022) — During the period from 28-29 November 2022, Eni acquired n. 4,322,849 shares, at a weighted average price per share equal to 14.0850 euro, for a total consideration of 60,887,377.41 euro within the authorization to purchase treasury shares approved at Eni’s Shareholders’ Meeting on 11 May 2022, previously […]
Plenitude Strengthens Presence in Italy and Spain
(Eni, 2.Dec.2022) — Plenitude has signed an agreement to acquire 100% of PLT (PLT Energia S.r.l and SEF S.r.l. and their respective subsidiaries and affiliates), an integrated Italian group producing electricity from renewables and supplying energy to retail customers. Through this synergistic operation with its portfolio of renewable assets and […]
Welligence: Venezuela Sanctions Update
(Welligence, 1.Dec.2022) — Chevron Corporation has recently secured a license to renew limited operations within the country and source critical inputs necessary for processing crude, Welligence announced 1 December 2022 over LinkedIn. The terms offer restricted benefits to PDVSA Servicios Petroleros, SA as Chevron is restricted from providing payments to […]
Eni and PASQAL to Develop Quantum Solutions for the Energy Sector
(Eni, 17.Nov.2022) — Eni and PASQAL announced the establishment of a collaboration to develop next-generation HPC solutions for the energy sector through quantum computing Eni, the Italian energy company, and PASQAL, leader in neutral atoms quantum computing, today announced the establishment of a collaboration to develop next-generation HPC (high performance […]
Eni and Sonatrach Inaugurate Solar Lab, Lay First Stone of PV Facility in BRN, Algeria
(Eni, 17.Nov.2022) — The CEO of Eni Claudio Descalzi and the CEO of Sonatrach Toufik Hakkar have inaugurated the Solar Lab and laid the first stone of a 10MW photovoltaic plant in the Bir Rebaa North (BRN) production complex, in the Berkine basin, south-eastern Algeria, today. The event took place […]
bp Begins Shipping LNG from Mozambique’s First LNG Project
(bp, 14.Nov.2022) — bp has successfully loaded the first LNG cargo from Mozambique’s offshore Coral Sul FLNG facility, the country’s first LNG project and first floating LNG facility ever deployed in the deep waters of the African continent. Under its long-term contract, bp will purchase 100% of LNG output from Coral Sul FLNG which has the […]
Mozambique’s First LNG Cargo Departs from Coral Sul FLNG
(Eni, 13.Nov.2022) — Eni, as Delegated Operator of the Coral South project on behalf of its Area 4 Partners (ExxonMobil, CNPC, GALP, KOGAS and ENH), informs that the first shipment of liquefied natural gas (LNG) produced from the Coral gas field, in the ultra-deep waters of the Rovuma Basin, has […]
ADNOC and Eni Exploring Options to Boost Gas Supply
(Eni, 12.Sep.2022) — His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Abu Dhabi National Oil Company (ADNOC) Managing Director and Group CEO, and Claudio Descalzi, Eni‘s Chief Executive Officer, met in Abu Dhabi today to discuss the progress of the company’s activities in […]
Eni Makes Significant Gas Find Offshore Cyprus
(Eni, 22.Aug.2022) — Eni announces a significant gas discovery in the Cronos-1 well drilled in Block 6, 160 km off Cyprus coastline, in 2,287 meters of water depth. The Block is operated by Eni Cyprus holding 50% interest with TotalEnergies as partner. Preliminary estimates indicate about 2.5 TCF of gas […]
TotalEnergies Reports Significant Gas Find Offshore Cyprus in Block 6
(TotalEnergies, 22.Aug.2022) — TotalEnergies and Eni (operator) have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018. Located at approximately 160 km southwest of the Cyprus coast, Cronos-1 encountered several good quality […]
PDVSA Pauses Oil-for-debt Shipments to Europe, Wants Product Swaps
(Reuters, 12.Aug.2022) — Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy’s Eni and Spain’s Repsol to provide it with fuel in exchange for future cargoes, three people familiar with the matter said. Venezuela’s oil company PDVSA no longer is interested in the oil-for-debt […]