Eni confirms start up at Coral Sul, with BP to profit on LNG sales
Eni and ExxonMobil have both confirmed the start up of the Coral Sul floating LNG (FLNG) project, offshore Mozambique.
Eni
Eni profit beats estimates despite falling oil price, output
Eni's profit remained strong in the third quarter, beating estimates despite a decline in oil and gas prices.
PTTEP buys out Eni’s stake in Sharjah Onshore Area A in UAE
Thailand’s PTT Exploration & Production (BKK:PTTEP) further expands its investment in the United Arab Emirates (UAE) by acquiring 25% participating interest in the Sharjah Onshore Area A from Italy’s Eni (MIL:ENI).
Italy approves floating LNG terminal in bid to cut Russian gas
Gas network operator Snam won approval to install Italy’s newest liquefied natural gas terminal, overcoming local opposition and boosting the country’s bid to improve energy security and wean itself off Russian supplies.
Var Energi warns of production drop after ‘operational issues’
Var Energi (OSLO: VAR) has warned of a production drop and a $260 million exchange rate hit in its upcoming Q3 results.
Eni starts up fast-track Berkine fields with Sonatrach
Eni has started production at two gas fields in its Berkine Sud contract in Algeria.
Oil giants join forces to identify best spots for renewable energy projects
Some of the world’s biggest oil and gas companies have joined a project aimed at finding optimal spots for building renewables projects.
Eni working with Russia’s Gazprom to restore Italian gas flows
Eni is working with Gazprom and Austria to restore Russian natural gas flows to Italy after supplies were halted on Saturday in an apparent scuffle over regulation.
Ghana drilling to heat up, while GNPC revenue questions mount
Four companies are due to drill exploration wells in Ghana during the last quarter of this year, according to a government report. The Public Interest Accountability Committee (PIAC) also raised some concerns over tax payments by state-owned Ghana National Petroleum Corp. (GNPC).
Eni among new investors in carbon capture firm
Cool Planet Technologies (CPT), a sustainable company focussed on affordable carbon capture, has closed a capital raise at €3 million.
Saipem wins major Baleine contracts, targeting 2023 start
Eni and Petroci have awarded two contracts for work in Cote d’Ivoire to Saipem, worth around 1 billion euros ($956 million).
Santos’ Barossa could face two year delay leaving Darwin LNG empty
The development of the Santos-led (ASX:STO) Barossa gas project offshore Australia that will backfill the Darwin liquefied natural gas (LNG) export plant could be delayed by up to two years after a Federal Court ordered the operator to stop drilling at the US$3.6 billion project on 21 September.
Smoke and mirrors in Indonesia as giant gas projects struggle
Indonesia has an ambitious target to almost double natural gas production from 6.5 billion cubic feet per day (cf/d) to 12 billion cf/d by 2030. Hitting that goal means giant undeveloped gas projects, such as Inpex’s Masela and Chevron’s IDD, must proceed rapidly.
As demand surges Indonesia needs radical action and $200bn investment to revive upstream oil and gas
Unlike most governments in the economically developed Western world, Indonesia’s leaders are crying out for more upstream oil and gas investment. However, even as demand is projected to rise up to four times by 2050, Southeast Asia’s biggest economy is struggling to convince energy investors to come.
Eni applies for Southern North Sea carbon storage licence
Italian energy giant Eni (NYSE: E) has applied for a carbon storage licence for the depleted Hewett field in the Southern North Sea.
Adnoc, Eni talk up acceleration of Ghasha plan
Adnoc and Eni have held high-level talks on accelerating development at the Ghasha sour gas project, in a bid to increase global supply.
Eni strikes deal to buy BP’s Algeria business
Eni (MIL:ENI) has agreed a deal to buy BP’s (LON:BP) local business in Algeria for an undisclosed price.
Valaris secures £51m North Sea contract extension with Shell
Shell has handed drilling contractor Valaris $60 million (£51.8m) to continue using one of its jack-ups in the North Sea.
Descalzi talks Damietta exports, as Zohr plateaus
Eni CEO Claudio Descalzi has held talks with Abdel Fattah al-Sisi on increasing investments in Egypt, upping gas exports and domestic renewable energy.
NOC secures investment pledges from Eni, TotalEnergies
Libya’s National Oil Corp. (NOC) chairman Farhat Bengdara has visited the heads of Eni and TotalEnergies in their home offices, seeking new investments.
Cyprus find for Eni, Total, with more drilling to come
Eni (ENI:MI) and TotalEnergies (LON:TTE) have made a major gas find at the Cronos-1 well, in Block 6 off Cyprus.
Indonesia grumbles over Chevron IDD divestment process
Indonesian upstream regulator SKK Migas appears to be getting frustrated over the slow divestment process for Chevron’s (NYSE:CVX) share in the giant Indonesia Deepwater Development (IDD).
Choosing fast FLNG to cash in on sky-high gas prices
High gas prices represent an opportunity for those already producing, but those working on new supplies are feeling the need to accelerate plans. Floating LNG (FLNG) offers one solution, being faster to market than onshore projects.
Saipem wins $900mn EPC contract on Angola’s LNG extension
Saipem has won contracts under Angola’s New Gas Consortium (NGC), to develop new sources of feedstock for the Angola LNG (ALNG) plant.
BP and Eni’s joint venture, Azule Energy, begins production in Angola
Angola based Azule Energy, the independent 50:50 joint venture between BP and Eni, has begun production, taking responsibility for over 15% of the country's oil exports.