World Oil (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 as soon as this week for private equity-backed Neptune, said the people, who asked to not be identified because the
World Oil (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 country already signed an agreement with the European energy giants on May 5 that allows for the export of natural
World Oil (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 may contain around 200 MMboe in place. Yatzil-1 EXP is the second commitment well of Block 7 and the eight
World Oil (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 of cooperation for future joint projects on energy transition, sustainability and decarbonization. Source: ReutersThrough this agreement, Eni and ADNOC will
World Oil (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 giant said the gas discovery is in the 1,800 km2 (695 miles2) Nargis offshore area and can be developed leveraging the
World Oil (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 Italian oil and gas producer’s potential project would complement its $7-billion Coral-Sul FLNG platform moored off Mozambique’s northern coast that’s
Yahoo Finance 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 matter said on Wednesday. Exxon Mobil Corp, TotalEnergies SE, Shell, ConocoPhillips and Eni will participate in the North Field expansion,
Yahoo Finance 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 that gas must now be bought in local currency, is a precautionary measure, according to people familiar with the matter.
World Oil (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 considering seeking a valuation of about $10 billion in the listing, people familiar with the plan said, cautioning the target
Reuters MILAN – U.S. investment firm Sixth Street Partners has emerged as the leading bidder for the power generation unit of Italian energy group Eni and is in advanced talks to buy a minority stake in the business, three sources told Reuters on Friday. Eni, advised by JPMorgan, is looking to sell a stake of up to 49% in
Reuters 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 Ivorian government said on Wednesday. Production will then ramp up in 2026 to between 75,000 and 100,000 barrels of oil
World Oil (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,” TotalEnergies’ Chief Executive Officer Patrick Pouyanne said on Monday at an energy conference in the capital, Tripoli. “Some may see
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