68 articles
Italian Prime Minister Giorgia Meloni visited Norway to strengthen strategic cooperation in energy and critical minerals, engaging with government officials and executives from major firms like Eni an
ExxonMobil is negotiating to return to Venezuela's Orinoco Belt heavy oil projects, reversing its exit from nearly two decades ago. Competitors like Continental Resources and Eni are also expanding op
Energy analyst Dan Pickering warns Venezuela's oil reopening faces high risks despite recent Chevron and Eni deals, stating production recovery requires major investment and won't boost supply in the
Senegal and Italian oil company Eni have signed an MoU to conduct preliminary studies on five offshore blocks, supporting the government's strategy to resume oil and gas exploration with Petrosen play
Argentina's YPF, partnering with Eni and XRG, is close to securing LNG sales contracts for a $24 billion export plant with 12 million tons annual capacity, aiming for a final investment decision in No
Eni and Petronas signed an agreement to develop high-performance bio-gasoline for motorsport using Eni's HVO refining process. The collaboration aims to eventually apply the technology to commercial p
A U.S. official stated the government structured its 35% stake in a Venezuelan oil venture using warrants to prevent dilution. The deal involves Pentagon oversight and aims to revive the country's oil
Italian oil major Eni signed a new agreement with Venezuela's PDVSA to develop the Junin 5 heavy oil project. The deal aims to recover over $2.3 billion in outstanding receivables while boosting produ
Venezuelan opposition leader Maria Corina Machado stated that only a democratic government can ensure stability for oil investors. Meanwhile, international firms including Chevron and Eni signed deals
Venezuela's oil reserves coming under US control have lifted bond prices ahead of a massive debt restructuring. Chevron and Eni plan major investments to boost crude production, improving prospects fo
Acting President Delcy Rodríguez pledged future elections while signing major energy deals with Chevron, Eni, and Blue Energy Partners to revitalize Venezuela’s oil reserves and power grid.
Chevron and Eni signed major deals with Venezuela to boost crude production, supported by the US government. Investments totaling tens of billions aim to raise output to 600,000 barrels daily by 2031.
Eni plans to become the exclusive operator of Venezuela's Junín 5 heavy-oil field, aiming to boost national production to over 1 million barrels daily with substantial investment. The deal aligns with
Chevron, ENI, and investors plan to sign energy agreements in Venezuela under new reforms, with Chevron investing over $7 billion to double crude production to 600,000 barrels per day within five year
Colombian oil service firms are entering Venezuela following new exploration contracts and a reported U.S. partnership securing control over 65 billion barrels of reserves. Major energy companies like
Eni shares fell for five consecutive days amid speculation that Italy may impose a windfall tax on energy firms to finance fuel-price cuts. The move comes as the government extends excise duty reducti
Eni and BP target a final investment decision within months on Egypt's Denise West gas field, aiming for first gas in under two years. The project supports Egypt's role as a Mediterranean energy hub v
Italian energy group Eni aims to support a commercial fusion power plant in Europe by the early 2040s through investment in Commonwealth Fusion Systems. The company plans to develop the fusion fuel cy
YPF, Eni, and XRG have applied for Argentina's RIGI investment incentive regime for their $51 billion Vaca Muerta LNG project. The 12-million-ton annual capacity facility targets final investment deci
YPF applied for Argentina's RIGI investment scheme to develop a $51 billion LNG project using the Vaca Muerta shale formation. Backed by Eni and XRG, the project targets 12 million tonnes per year cap
Eni and TotalEnergies reached a final investment decision for the Cronos deepwater gas field in Cyprus, the nation's first natural gas project. Reserves exceed 3 trillion cubic feet, with exports plan
Eni targets rapid development of Venezuela's Junin 5 oilfield, projecting production growth from 12,000 to 200,000 barrels daily. Negotiations with PDVSA aim to finalize contracts under the country's
Italian energy group Eni raised its share buyback to €3.4 billion after Q2 adjusted net profit more than doubled to €2.3 billion, surpassing analyst consensus.
TotalEnergies and Eni approved the Cronos gas field in Cyprus for LNG production starting in 2028. The project targets 2.8 million metric tons annually via Egypt's infrastructure to boost European ene
Eni subsidiary Versalis has permanently closed its Brindisi polyethylene production unit, citing structural decline in European basic chemicals. The closure aligns with a €2 billion transformation str
Searah, a joint venture between Eni and Petronas, has commenced construction of an FPSO vessel for its $11.8 billion North Hub project in Indonesia. Production is targeted to begin in 2028 with capaci
Eni and TotalEnergies are nearing a final investment decision on the Cronos gas field off Cyprus, aiming to liquefy gas in Egypt for European exports by 2028 to diversify supply sources.
Versalis has shut down its polyethylene plant in Brindisi, Italy, aligning with Eni's decarbonization plans. The closure impacts European supply chains amidst weak demand and follows similar competito
Eni CEO Claudio Descalzi announced a strategic shift of oil and gas investments toward Southeast Asia and Latin America due to geopolitical risks. Key developments include a joint venture targeting 18
Eni CEO Claudio Descalzi stated the energy industry is shifting investments to Southeast Asia and Latin America amid Strait of Hormuz disruptions. He noted traditional suppliers like Russia and the Gu
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