89 articles
ExxonMobil increased its stake in Mozambique's Rovuma LNG project to 50% through a swap with Eni, targeting a final investment decision by year-end despite regional security challenges.
Italian energy group Eni is expected to sign $1.8 billion in contracts for offshore Cyprus gas infrastructure construction in the coming days, according to the Wall Street Journal. Reuters could not i
Eni plans a final investment decision by year-end on Venezuela's Junin 5 heavy oil field, targeting eventual production of 1 million barrels per day through phases extending to 2033.
Italy considers raising taxes on energy firms to fund its 2027-2029 budget amid high fuel costs and protests. Eni reported doubled profits and announced dividends despite the government's pressure on
Italy's Eni announced a €1.3 billion special dividend and increased share buybacks after reporting a third-quarter net profit of €2.8 billion, more than doubling from the previous year.
ADNOC's investment arm XRG is negotiating to acquire a stake in Eni's Libyan oil and gas operations, though deals remain uncertain. Eni produces roughly 162,000 barrels daily in Libya, representing 10
Eni warns its Taranto refinery risks shutdown as steelworkers' protests block logistics and create technical gas shortages. Consequently, fuel supplies to local stations, airports, and essential servi
Labor disputes over the Ilva steelworks triggered protests blocking Eni's Taranto refinery, causing fuel shortages across southern Italy and disrupting airport supplies. Eni warned of potential contro
Indonesian energy firm Medco Energi agreed to acquire a 10% interest in four Eni-operated oil and gas blocks in East Kalimantan, including the Geliga gas field. The deal expands Medco's presence in th
Eni and Repsol are exploring selling stakes in the Perla natural gas field to fund development amidst US pressure to unlock Venezuelan energy reserves. The partners aim to more than double production
Argentine President Milei discussed the 12-million-tonne-per-year Argentina LNG project with Eni CEO, targeting production start by 2030 in the Vaca Muerta basin alongside partners YPF and XRG.
Senegal's energy minister cited recent power cuts as evidence for shifting from diesel to natural gas to meet rising demand. The government plans new pipelines and is inviting investors like Eni to ev
Eni extends 20% fuel discounts to Italy's agricultural and fishing sectors until October 31, following a price cap on diesel and petrol. This initiative supports key industries amidst rising inflation
Eni's low-carbon unit Plenitude will provide Italian households with a 30% discount on fixed electricity and gas rates for two years. This move follows recent fuel price caps and aims to support citiz
Major oil firms including Q8, Eni, and SOCAR have introduced fuel price caps in Italy to appease the government and avoid potential windfall taxes, though market data shows limited immediate impact on
Italian fuel prices dipped slightly but remained above Eni's voluntary price cap, while government excise cuts and potential windfall taxes continue to shape the market amid geopolitical tensions.
Italian energy giant Eni capped fuel prices for at least one month, offering discounts of around 17 cents per litre to support government efforts against rising costs. The decision addresses burdensom
The Italian government will meet major oil refiners next month to increase domestic fuel production amid rising prices and supply shocks. Key players include Eni and Saras, while France advocates rela
Italy's government will meet refiners like Eni and Sonatrach on October 8 to boost domestic fuel production amidst supply disruptions. Despite €3 billion in subsidies, fuel prices remain high ahead of
The US Export-Import Bank offered up to $6 billion to support Argentina's massive LNG project led by YPF, Eni, and Adnoc. This initiative aims to establish the world's largest floating liquefaction fa
The US Export-Import Bank offered $6 billion financing for Argentina’s massive LNG project led by YPF, Eni, and Adnoc. This initiative aims to establish a major shale gas export hub by 2030, potential
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
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