UK can do better at CCUS, event hears
No CO2 has been sequestered, no FID has been taken and no commercial scale projects are in operation. At the event, speakers set out their hopes for projects to reach FID by this time in 2024.
Eni
Majors start talks to settle $5bn Kashagan sulphur fine
If agreed, the settlement would help to open the way for an expansion of the Kashagan oil development, including construction of new gas-processing plants needed by the government, the people said.
Nigeria withdraws $1bn claim against Eni on oil field deal
Operations at the Nigerian oil block have been halted for more than a decade by a series of trials and competing legal claims.
Apex boosts acquired Western Desert volumes
In September, Apex started producing gas at the Faramid project, in IEOC’s East Obaiyed. Apex has a 25% stake in the project, which is producing 24.4 million cubic feet per day of gas.
Wood Mac: New UK licences need major discovery to ‘whet Shell’s appetite’
Shell (LON: SHEL) will need as much as one trillion cubic feet of gas from exploration licences in the West of Shetland to "truly whet its appetite", according to analysis by Wood Mackenzie.
Murphy Oil approves Vietnam plan, launches Cote d’Ivoire work
In September, it sold non-operated stakes in the Kaybob Duvernay and Placid Montney for $104 million. The plan is to invest some of the proceeds in international works.
Valaris wins 55-well decommissioning deal with Eni UK
Valaris now has a contract backlog of $3.2 billion.
Flotation, Vårgrønn make INTOG partnership exclusive
The developers of two floating wind farms secured as part of the INTOG leasing round have signed exclusivity agreements, paving the way for development later this decade.
Eni pursues East Med gas trends into Israel
"The winning companies have committed to unprecedented investment in natural gas exploration over the next three years, which would hopefully result in the discovery of new natural gas reservoirs.”
Eni profits slump, but talks up new gas hub in Indonesia
Geng North is thought to hold around 5 trillion cubic feet of gas and 400 million barrels of condensate. Eni sees the Kutei Basin becoming a “new world class gas hub”.
Eni keeps its eyes on LNG growth with Indonesia deal
The company said it aims to increase its LNG contracted volumes to more than 18 million tonnes per year of LNG by 2026.
Rosetti Marino wins Bouri module work from Saipem
The Italian company said it would begin work immediately and expected to complete this in early 2026.
US oil majors stay ahead of Europe as deals beat strategy pivot
Europe’s unloved oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking US peers remains stubbornly wide.
Qatar signs up Italy in fresh gas deal with Europe past 2050
Eni signed a 27-year liquefied natural gas deal with QatarEnergy, marking the Gulf nation’s third major contract with a European firm this month.
Eni agrees terms for ‘world first’ CCS business model at UK’s HyNet
Eni has reached an agreement in principle with the UK Government over the regulatory framework which will govern its HyNet carbon capture and storage (CCS) project in the UK.
Former North Sea FPSO Voyageur Spirit set for Africa redeployment
A former North Sea floating production storage and offloading (FPSO) vessel owned by Altera Infrastructure is set to be redeployed to Africa as part of a 15-year agreement.
Neptune Energy starts drilling at key Norway appraisal well
Neptune Energy has announced the start of drilling at its Ofelia appraisal well in the Norwegian North Sea.
Danish pension fund wraps up $520m oil and gas exit
Danish pension fund AkademikerPension has completed a multi-year divestment program designed to purge its portfolio of oil and gas stocks.
Libya’s eastern flood devastation raises political risk
The precise number of dead is not yet known. Local media have put the figure at 2,000 dead, but thousands are missing. The Red Crescent has said that 10,000 people are missing.
Saipem wins Eni, Snam work worth $911mn
In Cote d’Ivoire, the service company has won a subsea umbilicals, risers and flowlines (SURF) contract for Baleine Phase 2. Eni began producing at this field in August.
Eni’s Oando sale runs into headwinds
NNPC “reserves its rights” over the breach. Failure to obtain approval allows NNPC E&P Ltd (NEPL) to “invalidate the purported assignment” to Oando.
Eni gears up for Cinnamon spud off Morocco
A number of companies have come to explore Morocco’s offshore, drawn in by attractive tax rates and geological models, but have been largely disappointed.
Eni sells down Nigerian onshore to local player
These four OMLs attributed 24,000 barrels of oil equivalent per day to Eni net in 2022.
Eni extends Borr jack-up contracts
The Prospector 5 will now be under contract until May 2026, while the Natt is under contract until December 2025.
Eni unleashes Baleine, with eye on growth
Eni discovered Baleine in September 2021. It took the final investment decision around six months later.