(IN BRIEF) Eni has been authorized to launch a new share buyback program, set to run until April 2026. The program will buy back up to 315 million shares, with a maximum value of €1.5 billion, potentially increasing to €3.5 … Read the full press release
(IN BRIEF) Eni has successfully launched gas production from the Merakes East field in Indonesia’s Kutei basin, marking a significant milestone in the company’s expansion efforts in Southeast Asia. The field will provide up to 100 MMSCFD of gas, contributing … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Italy, Management, News, Technology
Tagged Bontang liquefaction plant, condensate, development, Eni, exploration, gas production, gas supply, Gendalo-Gendang, Indonesia, joint venture, Kutei Basin, LNG, Maha field, Merakes East, natural gas, partnership, PETRONAS, SKK Migas, sustainability, upstream assets
(IN BRIEF) Eni has reached financial close with the UK Government for the Liverpool Bay CCS project, unlocking the construction phase of the key infrastructure that supports the HyNet Cluster. This marks a significant milestone in the UK’s clean energy … Read the full press release
Posted in Business, Commodities, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology, United Kingdom
Tagged carbon capture and storage, carbon emissions reduction, Claudio Descalzi, CO2 Transport and Storage, construction phase CCS, Ed Miliband, energy transition, Eni, Eni global CCS portfolio, HyNet Cluster, industrial decarbonisation, International Energy Agency, Lancaster House summit, Liverpool Bay CCS, North Wales, North West England, offshore CO2 storage, partnership, pipeline infrastructure, sustainability, UK CCS strategy, UK clean energy industry, UK Department for Energy Security and Net Zero
(IN BRIEF) Eni has confirmed the preliminary findings of the Capricornus 1-X well, drilled in Namibia’s Orange Basin under PEL85 by operator Rhino Resources. The well encountered 38 meters of net pay in the Lower Cretaceous with strong reservoir characteristics … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged Azule Energy, BP, Capricornus 1-X, Eni, hydrocarbon discovery, Korres Investments, light oil 37 API, Lower Cretaceous oil discovery, NAMCOR, Namibia Orange Basin, Namibian offshore exploration, Noble Venturer drillship, oil flow test, partnership, PEL85, petroleum exploration Namibia, Rhino Resources, sustainability, wireline logging
(IN BRIEF) Eni and KKR have completed the agreed transaction, with KKR purchasing additional Enilive shares from Eni for about 601 million euros to acquire a further 5% stake, bringing its total shareholding in Enilive to 30%. The deal sets … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Italy, Management, News, Technology
Tagged 3.6 billion euros, 30% stake, 5% stake, 500 million euros, capital increase, competent authorities, Eni, Enilive, growth plan, investment agreement, KKR, partnership, post-money valuation, sustainability, transaction, €11.75 billion, €601 million
(IN BRIEF) Plenitude has signed a decade-long Power Purchase Agreement with Autostrade per l’Italia for the complete output of a 16 MW wind power plant located in Banzi, Basilicata. The plant is expected to generate approximately 390 GWh over the … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged 10-year Power Purchase Agreement, 16 MW capacity, 390 GWh, Alessandro Della Zoppa, Autostrade per l'Italia, Banzi, Basilicata, corporate PPAs, decarbonization, electric vehicle charging points, energy transition, Eni, Guarantees of Origin, Head of Renewables, Italy, partnership, Plenitude, renewable capacity, sustainability, wind power plant
(IN BRIEF) Eni and Saipem have deepened their collaboration, expanding on their previous agreement to advance projects that focus on building new biorefineries and converting traditional refineries into more sustainable, biofuel-producing facilities. Eni’s aim to decarbonize its processes is supported … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Italy
Tagged biofuels, biorefineries, decarbonization, Ecofining™, Eni, Enilive, Honeywell UOP, HVO, hydrotreated vegetable oil, Industrial Transformation, Italian industry, Livorno refinery, Open-es system alliance, Porto Marghera, SAF, Saipem, sustainable aviation fuel, Venice
(IN BRIEF) KKR has increased its stake in Enilive by purchasing an additional 5% of the company’s share capital, with a €587.5 million investment. This move aligns with KKR’s previously announced commitment and underscores the market’s confidence in Enilive’s business … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Italy, Management, News, Technology, Transportation & Logistics
Tagged capital markets, decarbonization, energy transition, Eni, Enilive, equity investment, Francesco Gattei, investment, KKR, KKR investment, net zero, partnership, pension funds, regulatory approval, sustainability, sustainable business, sustainable mobility
(IN BRIEF) In a major move for energy cooperation, TotalEnergies and ENI have signed a Host Government Agreement (HGA) with Egypt and Cyprus, paving the way for the development of the Cronos gas field in Cyprus offshore Block 6. The … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Abdel Fattah El-Sisi, Cronos Development and Production Plan, Cronos gas field, Cyprus, Cyprus offshore Block 6, Damietta LNG plant, EGYPT, Egypt Energy Show, energy cooperation, energy security, Eni, Europe, exploration and production, gas processing, George Papanastasiou, Host Government Agreement, Julien Pouget, Karim Badawi, LNG capacity, LNG exports, Níkos Christodoulídis, partnership, sustainability, TotalEnergies, Zohr facilities
(IN BRIEF) Plenitude has significantly expanded its renewable energy capacity in Spain, surpassing 950 MW, more than double its 2023 total. Key projects include the 150 MW Caparacena project in Granada and nearly 250 MW in solar plants in Extremadura … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Italy, Spain
Tagged 400 kV substation, Andalusia, Caparacena project, electric vehicle charging points, energy solutions, Eni, Extremadura, Global Expansion, Global Renewable Capacity, Granada, Guillena, long-term strategy, Mariangiola Mollicone, photovoltaic plants, Plenitude, renewable energy, Renopool, Spain, Western Europe Renewables
(IN BRIEF) Eni has launched HPC6, a cutting-edge supercomputer with a peak performance of 606 PFlop/s, ranking fifth globally and first in Europe for industrial use. HPC6 supports Eni’s decarbonization and energy transition efforts by enhancing CO2 storage research, biofuel … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Italy, Management, News, Technology
Tagged Claudio Descalzi, energy transition, Eni, HPC6, partnership, supercomputing, sustainability
(IN BRIEF) Eni has completed the sale of its Alaskan oil assets, Nikaitchuq and Oooguruk, to Hilcorp for $1 billion. This divestment aligns with Eni’s strategy to streamline its upstream portfolio by focusing on core assets and contributing to its … Read the full press release
(IN BRIEF) SACE and Eni have formed a strategic partnership to boost the sustainability and competitiveness of Italian businesses, particularly SMEs. Through the integration of SACE’s ESG Hub and Eni’s Open-es platform, the alliance will provide companies with enhanced tools … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Insurance, Investment, Italy, Management, News, Small Business
Tagged Antonio Frezza, Costantino Chessa, Eni, ESG Transformation, Italy, Open-es, partnership, SACE, SMEs, sustainability
(IN BRIEF) Plenitude has commenced construction on a 220 MW solar power plant in Villarino de los Aires, Salamanca, which will be one of the largest in the Castilla y León region. The project, expected to produce over 400 GWh … Read the full press release
(IN BRIEF) Eni held its 2024 Eni Award ceremony at the Quirinal Palace in Rome, recognizing outstanding achievements in energy and environmental research. The awards highlighted innovations in carbon capture, renewable energy, and sustainable technologies. Key winners included Marc Fontecave … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Italy, Management, News, Technology
Tagged 2024 Awards Ceremony, Awards, Elvira Spatolisano, ENERGY, Eni, Holger Braunschweig, innovations, leadership, Marc Fontecave, Nam-Gyu Park, Sergio Mattarella, Stefano Toso, sustainability
(IN BRIEF) Plenitude has officially launched the Numancia wind plant in Soria, Spain, consisting of two adjacent wind farms that will generate approximately 31 GWh of electricity annually, sufficient to power over 9,500 households. With this project, Plenitude’s total installed … Read the full press release
(IN BRIEF) Eni has signed a Memorandum of Cooperation with Japan’s JOGMEC to collaborate on gas and LNG projects, aiming to diversify energy supply sources and support the energy transition. The agreement emphasizes the role of LNG in achieving carbon … Read the full press release
(IN BRIEF) Eni has secured UK Government funding for its Liverpool Bay CO₂ transport and storage project, marking a significant advancement in the HyNet carbon capture and storage (CCS) initiative. The funding will support the establishment of the UK’s CCS … Read the full press release
(IN BRIEF) Eni S.p.A. has announced the successful completion of its combination with Ithaca Energy plc, consolidating nearly all of Eni’s upstream assets in the UK, excluding those in the East Irish Sea and CCUS activities. This strategic move involves … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, United Kingdom
Tagged Eni, Ithaca Energy, partnership, sustainability, UK
(IN BRIEF) Eni has received approval from Indonesian authorities for the development of the Geng North, Gehem, and Gendalo&Gandang gas fields, which will lead to the creation of a new production hub, the Northern Hub, in the Kutei Basin, East … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News
Tagged Claudio Descalzi, Eni, Gas Projects, Indonesia, Kutei Basin, partnership, sustainability
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