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Rome: Eni SpA (E) has issued the following press release: The President of the Republic of Cyprus, Nikos Christodoulides, met with Eni's Chief Executive Officer, Claudio Descalzi, today to discuss [...]

NEW YORK: Technavio has issued the following news release: The global lubricant viscosity grade improvers market size is estimated to grow by USD 719.65 million from 2022 to 2027, according [...]

Scope of Work: To Deploy 20-MW polymer electrolyte membrane (PEM) electrolyser at the Eni biorefinery in Gela, Sicily. Description: The JV, called South Italy Green Hydrogen, plans to deploy a [...]

Scope of Work: To Deploy 10-MW polymer electrolyte membrane (PEM) electrolyser near Enis refinery in Taranto, in the Apulia region. Description: The JV, called South Italy Green Hydrogen, plans to [...]

Rome: Eni SpA (E) has issued the following press release: As part of its plan to strengthen and diversify gas supplies to Italy, Eni has begun providing additional volumes of [...]

Byline: Emmanuel Addeh in Abuja with Agency Report Nigeria will continue its $3.5 billion civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against the [...]

Rome: Eni SpA (E) has issued the following press release: Claudio Descalzi, Chief Executive Officer of Eni, today presented the company's Strategic Plan for 2022-2025. Eni's strategy aims to deliver [...]

Rome: Eni SpA (E) has issued the following press release: Claudio Descalzi, CEO of Eni, and Stefano Goberti, CEO of the integrated renewables, retail and e-mobility businesses are presenting the [...]

Rome: Eni SpA (E) has issued the following press release: The Board of Eni, chaired by Lucia Calvosa, has approved the launch of a process for an Initial Public Offering [...]

The Board of Eni, chaired by Lucia Calvosa, has approved the launch of a process for an initial public offering and listing of shares in Eni's newly merged Gas&Power retail and renewables business (in this press release named conventionally as 'ENI R&R'). Eni has concluded that an IPO is the preferred route to crystallize the value of the business and plans to complete the transaction during 2022, subject to market conditions. Eni will retain a majority stake in the listed company. Eni announced the start of a strategic project to define Eni R&R's industrial and financial plan in Apr 2021. This aimed to identify the option that maximized the value of this unique business as part of the company's wider commitment to delivering value through the energy transition and reaching net zero emissions. The transaction will help Eni grow its Retail and Renewables business and provide investors with greater visibility of the value of the unit. Eni R&R will be financially independent with its own balance sheet and an investment grade credit rating - allowing it to access debt at competitive costs and fund growth. Since announcing the launch of the strategic project, Eni has merged its Retail and Renewables operations, expanded and de-risked the renewables pipeline through acquisitions, and established Eni R&R as the second largest Italian operator of EV charging points. The company is on target to develop more than 6 GW of renewables capacity by 2025 and more than 15 GW by 2030, with its retail customer base growing from 10 M customers to over 15 M over the same period, with EV charging points expected to increase from 5000 to more than 30,000 by 2030 . Eni R&R EBITDA is expected to grow from around EUR 0.6 bn in 2021 to EUR 1.2 bn in 2025. Eni R&R is uniquely positioned due to its integrated business model, size, diversification and growth profile. Combining renewables production with a retail business creates cost synergies, stabilizes cash flow given the hedge between generation and retail sales, and creates opportunities to provide renewable power and services to customers - boosting returns on capital. Further updates on the business - including the new company name - will be made on the capital markets day on 22 Nov 2021. Original source: Eni, website: http://www.eni.com/, Copyright Eni SpA 2021., company results; company structure; [...]

Eni SPA has successfully drilled and tested the Maha 2 appraisal well in West Ganal block offshore East Kalimantan, Indonesia. The field is 16 km southeast of Jangkrik floating production [...]

Eni SPA has successfully drilled and tested the Maha 2 appraisal well in West Ganal block offshore East Kalimantan, Indonesia. The field is 16 km southeast of Jangkrik floating production [...]

Enel Spa (Rome, Italy) and Eni S.p.A. (Rome, Italy) are working together to develop green hydrogen projects. The two partners are planning to produce green hydrogen through electrolyzers powered by [...]

Rome: Eni SpA (E) has issued the following press release: Today, Eni's Board of Directors will propose at the Annual Shareholders' Meeting, to be held on May 13, 2020 - [...]

News24 - Italian giant to exit South African offshore oil block amid tech challenges - 13/10/2021 The Italian oil and gas group Eni SpA is pulling out of plans to [...]

Rome: Eni SpA (E) has issued the following press release: Eni has started the updating work for its new supercomputer system, HPC5, in order to strengthen the existing HPC4, tripling [...]

Nigeria Government is planning to enforce a 2018 Supreme Court ruling that will it recover the sum of N18.9 trillion ($62 billion) from International Oil Companies (IOC) as its share [...]

ExxonMobil last week signed an agreement with Var Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans [...]

New Zealand: NGV Global has issued the following press release: Eni S.p.A., an Italian multinational oil and gas company headquartered in Rome, and the Italian Biogas Consortium (CIB) have signed [...]

Rome: Eni SpA (E) has issued the following press release: Eni announces that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta [...]

Italy: ENI S.p.A. has issued the following press release: Eni CEO Claudio Descalzi today presents the company's 2018-2021 Strategic Plan to the US financial community. The strategy builds on the [...]

Italy: Eni S.p.A. has issued the following news release: Eni's Chief Executive Officer, Claudio Descalzi, met today in Nicosia with the President of the Republic of Cyprus, Nikos Anastasiadis. The [...]

Project Description : Italian multinational oil and gas company Eni is planning to build a crude refinery in Nigeria through its Agip subsidiary. The refinery will have a capacity of [...]

Italian energy company Eni SpA yesterday struck a deal to sell a 30-per cent stake in a giant Egyptian offshore gas field to Russian oil and gas giant Rosneft OAO [...]

Italy: Eni S.p.A. has issued the following news release: The first project will be the construction of a 10 MW photovoltaic plant in the Bir Rebaa North (BRN) field, co-operated [...]

On Thursday, Italian oil and gas major Eni SpA revealed a plan to install over 420 MW of renewable energy capacity at home and abroad, mainly solar photovoltaic (PV), as [...]

Eni SPA is moving forward with plans to build the first of two natural gas plants in Egypt as part of its program to increase processing capacity for gas from [...]

Italian oil and gas major Eni SpA is looking to sell around 15 per cent stake in its lucrative Area 4 natural gas field in Mozambique for around $1.5 billion. [...]

Eni S.p.A. will buy 50% of Heritage Oil PLC's working interest in two oil fields in Uganda for $1.3 billion. Heritage will use the proceeds to develop assets in Iraq's Kurdish region.

Oil-and-gas company Eni S.p.A. has opted to not pursue the takeover of Tullow Oil PLC, taking into account Tullow's price tag after the company announced two large oil discoveries in Africa. Tullow is valued at $1.5 billion.

Italy's ENI S.p.A. will sell its 20% stake in Russian oil producer Gazprom Neft to OAO Gazprom for $4.2 billion. The news were welcome by ENI's shareholders who worried that, without the sale, the company would see its credit rating cut. ENI's shares dropped 1.3% to 14.61 euro in Monday trading.

Battered by declining energy prices, oil and gas company Eni S.p.A. reports a fourth-quarter net loss of 874 million euro, and a 28% drop in adjusted net profit to 1.94 billion euro. Eni reduced its annual growth target through 2012 to 3.5% from a previous target of 4.5%.

In a move to increase its petroleum and gas reserves, Eni S.p.A. will acquire First Calgary Petroleums Ltd. for $868 million. Eni has invested an approximate $13 billion to bolster its business portfolio since 2007. The company expects 30,000 barrels of oil equivalent per day by 2012 from First Calgary's assets in Algeria. First Calgary recently reported a second-quarter net loss of $14.6 million.

Italian oil and gas firm Eni S.p.A. has withdrawn its offer for UK company Burren Energy PLC after Burren officials asked for more than 1,200 pence per share. The withdrawal of the deal, valued at 1.5 bil to 1.69 bil pounds sterling, caused Burren's shares to drop 15%.