Transocean Barents arrives in Lebanon for Total drilling
Transocean has reported the day rate for the rig is $365,000 under the one-well contract.
Eni
Saipem bags $1bn contract for Libya’s Bouri field
Saipem has secured a major contract for engineering and commissioning work on a new gas module for Libya’s Bouri field.
TechnipFMC awarded Ndungu pipe work off Angola
Azule Energy has awarded TechnipFMC work to supply flexible pipe for its Ndungu project offshore Angola.
Eni sees profits drop 64% in H1 results on lower oil and gas prices
Neptune Energy buyer Eni noted lower prices and an impact from UK windfall tax
Eni and SLB join forces to combat pipeline leaks
Oilfield services giant SLB (NYSE: SLB) has teamed up with supermajor Eni (NYSE: E) to rollout a new technology for monitoring pipelines.
Eni’s renewables arm Plenitude on track to meet profit target, unit CEO says
Eni's Plenitude renewables arm is on track to meet its profit target for 2023, as it prepares to list shares within the next two years and pushes to increase clean power generation, the unit’s chief executive officer said.
Eni takes control of IDD, while Chevron focuses on low carbon options
Indonesia accounted for 0.1% of Chevron’s production in 2022. It lost the Rokan block in August 2021, which had contributed 130,000 bpd the previous year.
Eni deal a ‘clean exit’ for Neptune board amid low valuations for oil stocks
A top oil and gas analyst has given reasoning for Neptune Energy’s decision not to go down the public listing route.
Eni starts local talks to double Mozambique FLNG
Eni acquired its environmental licence for Coral Sul in 2015. The FLNG facility shipped its first cargo in November 2022.
Eni strikes Congo sale with Perenco
Eni reports production from 18 blocks, of which it operates 12 – with 10 offshore and two onshore. In the upstream, its focus is around the deep waters off Pointe Noire and, onshore, in Koilou.
Springfield lines up cash for unitised Afina plan
Springfield is in conflict with Eni over this field. Springfield drilled the Afina discovery in November 2019.
Neptune takeover: ‘Strategic logic’ to Eni’s decision, says analyst
Analysts have highlighted Neptune Energy’s bountiful gas reserves as a driving force behind its impending takeover.
Eni to acquire Neptune Energy, with Norwegian assets going to Var, as $4.9bn deal unveiled
Italian supermajor Eni’s (NYSE: E) takeover of Neptune Energy – a deal that has been rumoured for months – has officially been confirmed.
Italy’s Eni nears $5bn deal for Neptune Energy
Italian energy group Eni (NYSE: E) is nearing a deal to acquire oil and gas explorer Neptune Energy Group for about $5 billion, according to people familiar with the matter.
Baker Hughes wins subsea Baleine work
Phase 2 will involve the use of an existing FPSO. Production is due to start by the end of 2024. This will allow Eni to export oil, while it will send gas onshore via a pipeline to power plants.
CVC investment in clean energy start-ups reaches record-high
At over $8billion, big company corporate venture capital investment (CVC) in clean energy start-ups ran at a record high last year.
Summit drives forward Bacton hydrogen project after North Sea upstream exit
Following the sale of the bulk of its North Sea assets to Ithaca Energy, Summit has embarked on a new hydrogen-focused joint venture with Progressive Energy.
Flotation Energy looks to the next set of giant UK floating wind farms
Flotation talks up Cenos and Green Volt; its next towering North Sea floating wind projects, and how it intends to ensure UK ports are involved.
Risk of a leak? Then no permit, NSTA CCS boss tells conference
Concerns over whether offshore carbon stores will stay watertight for centuries to come were addressed at an industry event this week.
Oil majors seek settlement in multibillion dollar Kazakh dispute
International oil companies are searching for a way to settle a pair of multibillion dollar disputes with the government of Kazakhstan over operations at major oil fields, according to people familiar with the matter.
Who’s bidding in the first ever UK CCS licensing round?
With awards rumoured to be on the way, we take a look at the companies who have announced public bids for acreage in the first UK CCS licensing round.
Eni delivers Egyptian LNG to new regas plant at Piombino
Eni will completely replace Russian gas supplies by 2024-25, it has said.
NOC shuts down Mellitah for maintenance
NOC said it had made “all necessary arrangements” to make up for the loss of gas during the downtime.
Sasol scores Mozambique gas find
The licence is adjacent to the Pande and Temane fields. The Bonito well is the second drilled in the licence. The first failed to find hydrocarbons.
Eni trims its 2023 profit outlook on lower energy prices
Eni posted a first-quarter profit that beat estimates on strong gas trading, but trimmed its full-year earnings guidance due to lower prices for the fuel.