Eni – Oil & Gas 360

Eni, TotalEnergies announce new exploration projects in Libya

January 20, 2025

(World Oil) – Eni is launching three exploration plays, TotalEnergies is expecting promising results from its recent onshore exploration project, and other developments were shared during an upstream IOC-led panel at the Libya Energy & Economic Summit. Libya’s National Oil Corporation (NOC) and international energy companies TotalEnergies, Eni, OMV, Repsol and Nabors outlined key exploration milestones and strategies to advance

Eni raises oil and gas production offshore Cote d’Ivoire

December 30, 2024

(Oil Price) – Italian energy major Eni has started production from the second phase of its oil and gas development Baleine offshore Cote d’Ivoire, boosting output from the field in West Africa. This weekend, Eni announced the successful start-up of Phase 2 at the Baleine field, which will raise production to 60,000 barrels of oil per day (bpd) and 70 million cubic feet

Eni, Equinor deals in Nigeria approved after delay

November 8, 2024

(World Oil) – Nigerian regulators approved the sales of units of Eni SpA and Equinor ASA after months of delay as oil majors continue exiting operations in the West African nation. The acquisitions of Eni’s Nigerian Agip Oil Company Ltd. by Oando and those of Equinor by Project Odinmim Investments Ltd. were announced at an industry event Wednesday in Abuja.

Eni agrees to sell 25% stake in Enilive share capital to KKR

October 24, 2024

(World Oil) – 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 €2.938 billion. The transaction will be funded through: 1) the subscription of a capital increase in Enilive reserved to KKR amounting to €500 million; 2) the purchase of Enilive’s shares from Eni

Eni CEO sees Brent oil price around $80 per barrel in Q4

September 25, 2024

(Oil Price) – Brent Crude prices are set to recover to $80 per barrel in the fourth quarter, Claudio Descalzi, chief executive at Italian energy major Eni, said on Wednesday. “Oil (is seen) at around $80 per barrel, while for natural gas in Italy we can (expect a price of) 30 euros per megawatt hour,” Descalzi said on the sidelines of the

Exclusive: Eni SpA at EnerCom Denver-The Energy Investment Conference 2024

August 26, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Eni SpA is a global energy company engaged in the exploration, development and extraction of natural gas and oil, power generation from traditional and renewable sources, refining and chemicals. Sustainability goals

Eni makes oil and gas discovery offshore Mexico in emerging Sureste basin hub

July 9, 2024

World Oil (WO) – Eni has made a new discovery on the Yopaat-1 EXP exploration well in Block 9, approximately 63 km 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 MMboe of oil and associated gas in place. The well has

Italian oil and gas major Eni eyes over $4 billion in upstream asset sale plan

July 1, 2024

World Oil (Bloomberg) – Italian energy group Eni SpA is looking to raise more than €4 billion ($4.3 billion) from disposals in its global upstream business, people familiar with the matter said. The sales would be part of a broader strategy of disposing of €8 billion in assets over the next three years. Units that could be candidates for the

Eni smashes earnings estimates with record gas performance

February 16, 2024

Oil Price Eni’s (NYSE: E) fourth-quarter and 2023 earnings exceeded consensus estimates as “record-breaking” performance in the gas and LNG division offset weaker oil and gas prices and refining margins. The Italian energy major reported on Friday adjusted net profit of $1.76 billion (1.64 billion euros) for the fourth quarter, down by 34% on the year, but slightly higher than analyst expectations.

Repsol, Eni discussing new Venezuelan oil terms amidst Guyana dispute

December 7, 2023

World Oil (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 Spanish and Italian companies are hammering out contract terms between their oil ventures and state-owned Petróleos de Venezuela SA, according

Oil heavyweights Chevron, Repsol, Eni to benefit from Venezuelan sanctions relief

October 23, 2023

World Oil (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 of their expertise and technology to crude fields and infrastructure that atrophied amid years or underinvestment, civil turmoil and international isolation. Here’s

Eni makes massive natural gas discovery offshore Indonesia

October 2, 2023

World Oil (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 trillion cubic feet (Tcf) of natural gas in place with a content of condensate estimated up to 400 MMbbl. The

Premium Content