(IN BRIEF) Eni has made a new gas discovery at the Konta-1 well in the Muara Bakau PSC, offshore East Kalimantan, Indonesia. The well encountered four Miocene sandstone gas reservoirs and initial estimates point to 600 Bcf GIIP with potential … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Investment, Italy
Tagged 2026 exploration wells, 3 billion boe reserves, 31 mmscfd gas, 600 Bcf GIIP, 700 bbld condensate, 80 mmscfd multi-pool potential, DST flow test, East Kalimantan, Eni, Eni announces high-impact gas find in Kutei Basin as Muara Bakau PSC adds up to 1 TCF potential, fast-track development, Indonesia gas find, Jangkrik field, Konta-1 discovery, Kutei Basin, Merakes field, Muara Bakau PSC, near-field exploration, offshore exploration, PETRONAS NewCo, Saka Energi, Southeast Asia energy, up to 1 TCF potential, USD 15 billion investment plan
(IN BRIEF) Eni has begun Phase 2 of the Congo LNG project ahead of schedule following the arrival of the Nguya FLNG unit and the introduction of gas into the new offshore system. The expanded configuration includes three production platforms, … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Investment, Italy
Tagged 3 MTPA, agri-feedstock, Brazzaville, Centrale Électrique du Congo, circular economy, Congo LNG, decarbonization, early start-up, energy transition, Eni, floating liquefaction, gas compression, gas treatment, Litchendjili field, LNG capacity, LNG export, Marine XII, Nené field, Nguya FLNG, Nguya FLNG Commissioning Accelerates Eni’s Offshore Gas Development and Boosts Congo’s LNG Output Potential, offshore gas, Pointe-Noire, Republic of the Congo, Scarabeo 5, Tango FLNG
(IN BRIEF) Eni has started the environmental authorisation process to redevelop its Priolo industrial site in Sicily into a biorefinery and a chemical recycling hub. The Italian Ministry of the Environment and Energy Security approved the initiative, which will replace … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Investment, Italy
Tagged AI optimisation, biorefinery, chemical recycling, circular economy, decarbonisation, Ecofining™, Eni, Eni Advances Redevelopment of Priolo Site with New Biorefinery and Hoop® Recycling Plant, Eni Strengthens Decarbonisation Drive with Priolo Biorefinery and Versalis Hoop® Plant, Eni to Transform Priolo Industrial Area into Renewable Fuel and Chemical Recycling Hub, Gela, Hoop®, HVO diesel, hydrogen production, Italy, Mantua, MIMIT, Ministry of Enterprises and Made in Italy, Ministry of the Environment and Energy Security, plastic waste, Priolo, pyrolysis, renewable fuels, S.R.S., SAF-biojet, Servizi di Ricerche e Sviluppo, Sicily, sustainability, Versalis
(IN BRIEF) Vitol has acquired a 30 percent stake in the Baleine offshore project in Côte d’Ivoire from Eni, joining Petroci in a partnership that underscores the project’s national and regional importance. Now structured as Eni 47.25 percent, Vitol 30 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland
Tagged Africa’s first net-zero development, Baleine project, Block 4 Ghana, Cote d’Ivoire, energy security, Eni, gas production, net-zero development, OCTP project, offshore development, oil production, PetroCi, Phase 3 expansion, sustainability, upstream energy, Vitol, Vitol acquires 30 percent stake in Côte d’Ivoire’s Baleine offshore project, Vitol expands upstream presence with acquisition in Côte d’Ivoire’s flagship Baleine oil and gas project, West Africa
(IN BRIEF) Eni has signed a $1 billion+ power offtake agreement with Commonwealth Fusion Systems (CFS) to purchase clean energy from the company’s first ARC fusion power plant in Chesterfield County, Virginia. Expected to connect to the grid in the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged ARC fusion power plant, Bob Mumgaard, carbon neutrality, CFS, Chesterfield County Virginia, Claudio Descalzi, clean energy, Commonwealth Fusion Systems, Devens Massachusetts, energy transition, Eni, Eni Next, Eni secures $1 billion clean fusion power offtake from Commonwealth Fusion Systems’ first ARC plant in Virginia, Eni Signs Over $1 Billion Fusion Power Offtake Agreement with Commonwealth Fusion Systems for ARC Plant in Virginia, Eni to buy fusion power worth over $1 billion from CFS Virginia plant, fusion energy, high-temperature superconducting magnets, partnership, reinforcing joint drive toward energy transition, San Donato Milanese, Series B2 financing, SPARC, sustainability
(IN BRIEF) Intesa Sanpaolo’s IMI Corporate & Investment Banking Division has launched the first edition of Italian Equity Champions in New York, a new investor conference aimed at deepening connections between Italian corporates and the global financial community. The event … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Italy, Management, News, Technology
Tagged Alberto Mancuso, Azimut Holding, Brembo, Carlo Messina, CNH, Eni, equity research, Giampaolo Trasi, global investors, IMI Corporate & Investment Banking Division, institutional investors, internationalisation, Intesa Sanpaolo, Intesa Sanpaolo expands international investor outreach with Italian Equity Champions debut in New York, Intesa Sanpaolo Launches Italian Equity Champions in New York to Connect Italian Corporates with Global Investors, Italian corporates, Italian Equity Champions, JFK New Terminal One, Leading Italian companies connect with over 30 US institutional investors at inaugural Italian Equity Champions by Intesa Sanpaolo, Luca Mezzomo, macroeconomic outlook, Mauro Micillo, Miami cruise terminal, New York, Nicola Baiocchi, Piaggio, Pirelli, Project Cider, Sanlorenzo, Stefano Marras, SunZia, Technogym, Technoprobe, US market
(IN BRIEF) Versalis and Acea Ambiente have signed an MoU to collaborate on recycling initiatives aimed at recovering value from post‑consumer and post‑industrial plastics. They will jointly identify waste streams at Acea Ambiente’s facilities suitable for Versalis’s mechanical and chemical … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, Marketing, News, Technology
Tagged Acea Ambiente, Adriano Alfani, chemical recycling, circular economy, decarbonisation, Eni, Gabriele Di Cintio, Hoop® technology, low‑carbon transition, Mantua demonstration facility, mechanical recycling, Memorandum of Understanding, partnership, Porto Marghera plant, post‑consumer plastics, post‑industrial plastics, Priolo industrial plant, recycling, secondary raw materials, sorting platforms, supply chain optimization, sustainability, Versalis, waste streams
(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
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