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
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.
Congolese president lays LNG foundation with Eni
Congolese Oil Minister Bruno Jean Richard Itoua signed a security agreement for Marine XII on March 20. The government approved a fiscal agreement on LNG production for the licence in December 2021.
Ghana volumes slide, with drilling delayed and Eni waiting
PIAC reported that total petroleum revenues to the government reached $1.43 billion in 2022, the highest on record. However, production declined to 51.76 million barrels in the year, around 142,000 barrels per day, down 6% from 2021.
Minister urges Nigeria to end fight with Eni, Shell over lucrative block
A senior Nigerian minister urged the country’s president to end a long-running dispute with Eni and Shell to allow the companies to finally develop a prized deepwater oil licence.
Voyageur Spirit FPSO leaves Kishorn bound for new role off Cote d’Ivoire
After nearly three years in dry dock, the Voyageur Spirit FPSO has now departed the UK for overhaul in Dubai ahead of redeployment with Eni off Cote d'Ivoire.
FPSO sets sail for Eni’s Baleine project
Installation of the subsea production system is under way and Eni aims to begin producing by June this year.
Oil majors sued by Kazakh government over billions in revenue
The companies operating two major oil fields in Kazakhstan are being taken to arbitration by the nation’s government, with billions of dollars of revenue at stake amid allegations of unapproved spending, according to people familiar with the matter.
Neptune Energy pushes on with $5billion sale as Eni cools
Neptune Energy is moving ahead with plans for a sale after talks about a takeover by Italian energy group Eni (MI: ENI) cooled, people with knowledge of the matter said.
Eni lines up Raia drilling this year with rig contract
Eni had hoped to drill off Mozambique in 2020 but COVID-19 interrupted plans, Esgian analyst Matthew Donovan said.
Eni, Adnoc agree to clean energy co-operation
Eni said the companies may work together in renewable energy, blue and green hydrogen, carbon capture and storage (CCS), tackling methane emissions and other areas.
Saipem contracts Deep Value Driller to Cote d’Ivoire
Saipem’s contract did not, though, cover reactivation costs for the rig. As a result, Deep Value Driller entered into a loan facility for $75 million, which will mature in three years.
Update: Azule hands out $7.8bn of contracts for Agogo
According to a recent Eni presentation, Agogo is due to start up in 2026. It will produce 175,000 barrels per day in 2027.
Saipem to explore using biofuels to power vessels
Italian contractor Saipem (MIL: SPM) has struck a memorandum of understand with its compatriot Eni (NYSE: ENI) in a bid to decarbonise its fleet.
Eni becomes latest oil giant to post record results with 2022 profits of £18bn
Eni (NYSE: ENI) is toasting a set of “excellent financial and operating results” after a year in which it ensured “the security and stability of energy supplies” to Europe.
Indonesia confirms award of three exploration blocks
Indonesia has awarded a trio of exploration blocks to several consortia of oil and gas firms, in the first of a series awards expected this year.
Eni’s struggles at Blacktip trigger gas supply security fears in northern Australia
Gas production at Eni’s (MIL:ENI) Blacktip gas field offshore northern Australia has fallen faster than expected raising fears about energy security in the Northern Territory. However, the Italian company hopes development drilling might reverse the decline.
Former Ghana president clashes with ministry over slow oil progress
Ghanaians should treat Mahama’s suggestion “with the utmost contempt it deserves”, the statement concluded.
Upstream M&A in Southeast Asia: will the oil and gas majors divest in 2023?
Will 2023 see the majors, including ExxonMobil, Chevron, Shell, BP, ConocoPhillips, TotalEnergies, and Eni, divest upstream oil and gas assets in Southeast Asia?
Qatar takes stake offshore Lebanon with Total, Eni
“Along with our partners, we are committed to drilling as soon as possible in 2023 an exploration well in Block 9, and our teams are mobilised to conduct these operations.”
Eni, NOC kick off $8bn gas project offshore Libya
Mellitah is the origin point for the Greenstream pipeline, which carries gas from Libya to Italy, via Sicily.
League table: Which oil and gas firms produce most emissions?
Which integrated gas companies produce the most emissions?
Expro wins Eni production work in Congo
The facility will allow LNG production to “significantly increase”, Expro said. It is intended to allow additional gas production support power generation.
Indonesia approves Eni’s $3.35 billion investment plan for Merakes gas to feed Bontang LNG
Indonesia has approved a revised plan of development for Eni’s (MIL:ENI) Merakes and Merakes East gas fields with a total investment of $3.35 billion.
Wison cuts first steel for Eni FLNG vessel
The Wison FLNG unit will be Eni’s second offshore Congo.