Tag Archives: Eni

Systema Foundation Launches New Alliance to Strengthen the Competitiveness of Italy’s Businesses and Strategic Supply Chains

(IN BRIEF) Eni, Confindustria, Enel, Snam, UniCredit, Q8 Italia, Webuild, Accenture, Avvale and RINA have launched Systema Foundation, a new alliance designed to strengthen the competitiveness of Italian companies and supply chains through greater collaboration among industry, finance, associations and … Read the full press release →

Eni Secures 100% Interest in Sapukala Offshore Exploration Block in Indonesia’s Kutei Basin

(IN BRIEF) Eni has been awarded a 100% participating interest in the Sapukala offshore exploration block in Indonesia’s Kutei Basin following the first Indonesia Petroleum Bidding Round 2026. Located in East Kalimantan in water depths of approximately 1,000 to 2,500 … Read the full press release →

Eni and BWT Alpine Formula One Team Expand Partnership With HVO Biofuel Logistics Initiative

(IN BRIEF) BWT Alpine Formula One Team will use HVOlution, Enilive’s HVO diesel biofuel produced from 100% renewable raw materials, to power its logistics vehicles during European rounds of the FIA Formula One World Championship. The initiative is part of … Read the full press release →

Eni and SONATRACH Expand Methane Monitoring and CO₂ Removal Collaboration

(IN BRIEF) Eni and SONATRACH have signed a new Memorandum of Intent to expand cooperation on reducing emissions and advancing decarbonisation initiatives in Algeria’s oil and gas sector. The agreement builds on a three-year cooperation framework launched in January 2023, … Read the full press release →

TotalEnergies Advances Cyprus’ First Gas Development With Cronos FID

(IN BRIEF) TotalEnergies and Eni have taken the Final Investment Decision to develop the Cronos gas field in Cyprus offshore Block 6. The project marks Cyprus’ first gas development. Cronos will be developed through four subsea wells located around 185 … Read the full press release →

UKAEA and Eni Expand Fusion Collaboration With New UK-Based Joint Venture

(IN BRIEF) The United Kingdom Atomic Energy Authority and Eni have established RH3OVA, a UK-incorporated joint venture that will provide specialist consultancy and operational services to the global fusion-energy sector. The venture will focus on fuel-cycle technologies, a critical area … Read the full press release →

Eni and NOC Start Sabratha Compression Project to Increase Bahr Essalam Gas Output

(IN BRIEF) Eni and the Libyan National Oil Corporation have started production through the Sabratha Compression Project at the offshore Bahr Essalam gas field. The project includes a new 1,600-tonne compression module with capacity of about 440 million standard cubic … Read the full press release →

Eni Announces Major Gas Discovery in Indonesia’s Kutei Basin Unlocking Significant New Energy Resources

(IN BRIEF) Eni has made a significant gas discovery with the Geliga-1 well in Indonesia’s Kutei Basin, uncovering an estimated 5 trillion cubic feet of gas and 300 million barrels of condensate. The find strengthens the basin’s position as a … Read the full press release →

bp Strengthens Upstream Portfolio with New Gas Discovery Offshore Egypt Near Existing Infrastructure

(IN BRIEF) bp has made a significant gas and condensate discovery offshore Egypt with the Denise W-1 exploration well in the Temsah Concession, located in the Eastern Mediterranean. The discovery benefits from its close proximity to existing infrastructure, enabling potential … Read the full press release →

Eni Secures Major EIB Loan to Expand Biofuel Production and Accelerate Transport Decarbonisation in Italy

(IN BRIEF) The European Investment Bank and Eni have agreed on a €500 million loan to convert the Sannazzaro refinery in Italy into a biorefinery producing hydrotreated vegetable oil diesel and sustainable aviation fuel. The project will use waste-based feedstocks … Read the full press release →

New Gas Consortium Begins Production at Quiluma to Strengthen Angola LNG Supply and Domestic Energy Capacity

(IN BRIEF) Eni has announced the start of gas production from the Quiluma field in Angola, marking a major milestone for the New Gas Consortium and the country’s energy sector. With initial output of 150 MMSCF per day set to … Read the full press release →

Eni Expands Biorefining Strategy with New Investments in Sannazzaro and Priolo Renewable Fuel Facilities

(IN BRIEF) Eni has approved the final investment decision for a new biorefinery at the Sannazzaro de’ Burgondi refinery in Italy, complementing the Priolo biorefinery project and expanding Enilive’s renewable fuel production capacity. Both facilities are scheduled to begin operations … Read the full press release →

Eni and CDP Venture Capital Invest €550,000 in EXE Engineering to Scale Carbon Offsetting Projects in Africa

(IN BRIEF) Eni and CDP Venture Capital have jointly invested €550,000 in EXE Engineering to accelerate its growth and expand its carbon offsetting and waste valorisation projects in Africa and Europe through a funding round led by Zero and Eni … Read the full press release →

Eni and Kuwait Petroleum Corporation advance Priolo biorefinery project to accelerate sustainable fuel production in Italy

(IN BRIEF) Eni and Q8 Italy have approved a major joint investment to build a new 500,000-tonne-per-year biorefinery in Priolo, Sicily, using Eni’s Ecofining™ technology to produce HVO and Sustainable Aviation Fuel with at least 65% lower emissions than fossil … Read the full press release →

Eni Optimises Upstream Portfolio With Partial Divestment of Baleine Project

(IN BRIEF) Eni has signed a binding agreement with SOCAR for the sale of a 10 percent stake in the Baleine offshore project in Côte d’Ivoire, while retaining operatorship and a 47.25 percent interest. The transaction aligns with Eni’s dual … Read the full press release →

Coral North FLNG Milestone Strengthens Mozambique’s Global Energy Role as Eni Expands Rovuma Basin Development

(IN BRIEF) Eni and its partners have successfully launched the hull of the Coral North FLNG facility, marking a key step forward in the development of Mozambique’s offshore natural gas resources. The project, located in the Rovuma Basin offshore Cabo … Read the full press release →

TotalEnergies and Partners Enter Offshore Block 8 Exploration Permit in Lebanon

(IN BRIEF) TotalEnergies, together with partners Eni and QatarEnergy, has signed an agreement with the Lebanese government to enter the offshore Block 8 exploration permit. Operated by TotalEnergies, the consortium will launch an initial work program that includes a 1,200 … Read the full press release →

Eni and ILO Strengthen Agri-Business Worker Protection with Project Expansion in Congo

(IN BRIEF) Eni and the International Labour Organization are extending their joint programme to improve occupational safety and health and expand social protection for agricultural workers to the Republic of Congo, building on positive results achieved in Kenya and Côte … Read the full press release →

New Konta-1 well strengthens Eni’s Indonesian portfolio as gas discovery signals fast-track development prospects

(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 →

Early Start-Up of Congo LNG Phase 2 Expands Production Capacity and Positions Eni for First LNG Export in 2026

(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 →

Eni Receives Approval to Build Priolo Biorefinery and Versalis Hoop® Plant

(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 →

Baleine field strengthens West African energy supply as Vitol joins Eni and Petroci in major partnership

(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 →

Eni expands partnership with CFS through billion-dollar fusion energy purchase agreement for ARC power plant

(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 →

Intesa Sanpaolo hosts Italian Equity Champions in New York to strengthen global investor ties with Italian corporates

(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 →

Eni’s Versalis and Acea Ambiente Partner on Mechanical and Chemical Recycling of Post‑Industrial Plastics

(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 →

Eni to Launch €1.5 Billion Share Buyback Program, Aimed at Additional Shareholder Remuneration

(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 →

Eni Launches Gas Production from Merakes East Field in Indonesia’s Kutei Basin

(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 →

Liverpool Bay CCS Project Moves to Construction as Eni and UK Government Seal Deal

(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 →

Eni Confirms Promising Results from Capricornus 1-X Well in Namibia’s Orange Basin

(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 →

Eni and KKR Finalize Deal; KKR Boosts Enilive Stake to 30% with €601 Million Transaction

(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 →

Plenitude Secures 10-Year PPA with Autostrade per l’Italia to Supply 390 GWh from 16 MW Wind Plant and Accelerate Energy Transition in Italy

(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 →

Eni and Saipem Accelerate Biofuel Transformation with Expanded Biorefinery Projects

(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 →

KKR Expands Stake in Enilive with €587.5 Million Investment to Strengthen Sustainable Mobility Strategy

(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 →

TotalEnergies and ENI Secure Key Agreement for Cyprus Offshore Gas Development

(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 →

Plenitude Expands Renewable Energy Footprint in Spain, Surpassing 950 MW of Installed Capacity

(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 →

Eni Launches HPC6: A Breakthrough in Supercomputing to Accelerate Energy Transition

(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 →

Eni Finalizes $1 Billion Sale of Alaskan Oil Assets to Hilcorp, Strengthens Focus on Core Portfolio and Energy Transition

(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 →

SACE and Eni Partner to Drive ESG Transformation for Italian SMEs through Integrated Open-es Alliance

(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 →

Plenitude Begins Construction on 220 MW Solar Facility in Salamanca, Enhancing Spain’s Renewable Energy Capacity

(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 →

Eni Honors Groundbreaking Energy and Sustainability Innovations at 2024 Awards Ceremony

(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 →