Tag Archives: Eni

IFC and Italian Climate Fund Invest $210 Million in Eni’s Kenya Biofuel Expansion

(IN BRIEF) In a joint effort, the International Finance Corporation (IFC) and the Italian Climate Fund have announced a substantial investment of $210 million into Eni S.p.A.’s Kenya subsidiary to bolster the production and processing of advanced biofuels. This investment, … Read the full press release

Eni’s Q1 2024 Results Show Accelerated Growth and Strategic Portfolio Transformation

(IN BRIEF) Eni’s Board of Directors, under the leadership of Giuseppe Zafarana, approved the unaudited consolidated results for Q1 2024, showcasing an accelerated transformation of the company’s portfolio. CEO Claudio Descalzi highlighted key achievements, including the acquisition of Neptune Energy … Read the full press release

Italian Energy Giants Forge Alliance for Maritime Decarbonization

(IN BRIEF) Eni, Fincantieri, and RINA, prominent Italian entities in energy, shipbuilding, and engineering consultancy respectively, have solidified an agreement to spearhead initiatives targeting the decarbonization of the maritime sector. Their collaborative efforts aim to develop sustainable alternatives, explore new … Read the full press release

Eni, Plenitude, and Energy Infrastructure Partners Finalize Investment Agreement

(IN BRIEF) Eni, Plenitude, and Energy Infrastructure Partners (EIP) have concluded their investment agreement, with EIP acquiring a 7.6% stake in Plenitude through a capital increase of €588 million. This transaction, initially announced in December 2023, marks a significant milestone … Read the full press release

Plenitude’s New Ravenna Ponticelle Photovoltaic Plant Energizes Industrial Regeneration

(IN BRIEF) Plenitude, Eni’s Benefit Corporation focusing on renewable energy production and energy solutions, announces the operational status of the Ravenna Ponticelle photovoltaic plant, boasting a 6 MW installed capacity. Situated on 11 hectares of industrial land, the plant features … Read the full press release

Eni Successfully Wraps Up Cronos-2 Well Appraisal in Offshore Cyprus

(IN BRIEF) Eni has completed the Cronos-2 well appraisal in Block 6, offshore Cyprus, confirming a production capacity exceeding 150 MMSCFD. The well aimed to assess the extension and reservoir characteristics of the Cronos gas discovery, proving hydraulic communication and … Read the full press release

Eni CEO and Indonesian President Discuss Energy Transition and Gas Potential in High-Level Meeting

(IN BRIEF) The President of Indonesia, Joko Widodo, met with Claudio Descalzi, the CEO of Eni, in Jakarta to discuss Eni’s ongoing projects and future initiatives in Indonesia. Descalzi highlighted Eni’s significant milestones in 2023, including the discovery of 5 … Read the full press release

Eni Achieves ISO 37301 Certification for Robust Compliance Management System

(IN BRIEF) Eni SpA has successfully obtained ISO 37301:2021 certification for its Compliance Management System from Italy’s leading certification body, RINA Services SpA. This recognition reinforces Eni’s commitment to promoting a culture of compliance, ethics, and sustainability within the organization. … Read the full press release

Eni Confirms Construction of Italy’s Third Bio-Refinery in Livorno

(IN BRIEF) Eni has officially confirmed its plan to build Italy’s third bio-refinery in Livorno, as part of its decarbonization strategy aiming for carbon neutrality by 2050. The project includes the construction of three new facilities for the production of … Read the full press release

South Korea’s Daesan Complex to Host LG Chem and Enilive’s Innovative Biorefinery

(IN BRIEF) LG Chem and Enilive have moved closer to making a final investment decision on their joint biorefinery project in South Korea by signing a joint venture agreement. The project, planned for LG Chem’s petrochemical complex in Daesan, South … Read the full press release

Eni Acquires Additional Treasury Shares as Part of Its Buyback Program

(IN BRIEF) Eni, an energy company, has reported the acquisition of 4,640,950 treasury shares, equivalent to 0.14% of its share capital, between January 2 and January 5, 2024. The shares were purchased on the Euronext Milan stock exchange at an … Read the full press release

Plenitude Expands Its Renewable Portfolio with Acquisition of Three U.S. Solar Parks from EDPR

(IN BRIEF) Plenitude, a renewable energy company and subsidiary of Eni New Energy US Inc., has signed an agreement with EDP Renováveis (EDPR) to acquire an 80% equity stake in three operational photovoltaic plants in the United States. The Cattlemen … Read the full press release

Italian Renewable Powerhouse GreenIT Expands Solar Portfolio with 140 MW Galileo Deal

(IN BRIEF) GreenIT, the Italian renewable energy joint venture backed by Plenitude (Eni, 51%) and CDP Equity (CDP Group, 49%), has entered into an agreement with Galileo, a pan-European renewable energy development platform, to develop eight photovoltaic projects totaling approximately … Read the full press release

Eni Achieves Record Gas Introduction Milestone at Congo LNG Project

(IN BRIEF) Eni has announced a significant achievement in its Congo LNG project, with the successful introduction of gas into the Tango Floating Liquefied Natural Gas (FLNG) facility moored in Congolese waters, just twelve months after the final investment decision. … Read the full press release

Ministry of Defence and Eni Forge Stronger Alliance to Safeguard Italy’s Security and Foster Innovation

(IN BRIEF) The Ministry of Defence and Eni, an Italian energy company, have signed a Memorandum of Understanding (MoU) in Rome to enhance their strategic collaboration on security and risk assessment. The agreement involves sharing expertise and information to bolster … Read the full press release

Eni Secures €3 Billion Sustainability-Linked Revolving Credit Line

(IN BRIEF) Eni, the energy company, has signed a Sustainability-Linked revolving credit line for a duration of five years, amounting to €3 billion. This credit facility is tied to two sustainability targets outlined in Eni’s Sustainability-Linked Financing Framework, which was … Read the full press release

Eni and Open Energy Platform AG Secure Gas Flow Agreement to Bolster Energy Security in Italy and Switzerland

(IN BRIEF) Eni, an Italian multinational energy company, has entered into an agreement with Swiss firm Open Energy Platform AG (Open EP) to ensure the uninterrupted supply of gas to Switzerland and Italy, particularly in situations involving interruptions or significant … Read the full press release

Plenitude and Saipem Collaborate to Install 1 MWp Solar System, Advancing Energy Efficiency and Sustainability Goals

(IN BRIEF) Plenitude (Eni) and Saipem have entered into an agreement to install a 1 MWp photovoltaic system at Saipem’s offices in Fano, Italy. The system is expected to generate over 1,000 MWh of solar power annually, meeting a significant … Read the full press release

Eni and Saipem Join Forces to Develop Sustainable Aviation Fuel and Biofuel Production

(IN BRIEF) Eni and Saipem have entered into an agreement to advance the development of biorefining technologies, aligning with their decarbonization objectives. The agreement focuses on exploring the construction of plants for the production of sustainable aviation fuel (biojet) and … Read the full press release

Versalis Breaks Ground on Demo Plant for Innovative Hoop® Technology for Plastic Recycling

(IN BRIEF) Versalis, the chemical company of Eni, has commenced the construction of a demonstration plant in Mantua, Italy, to advance its proprietary Hoop® technology for the chemical recycling of mixed plastic waste. Collaborating with Italian engineering company S.R.S. and … Read the full press release

Eni’s LNG Strategy: New 0.8 bcm Agreement Fuels Growth in Key Asian Markets

(IN BRIEF) Eni, a global energy company, has signed a significant LNG sales agreement with Merakes LNG Sellers for 0.8 billion cubic meters (bcm) annually, starting from January 2024 for three years. This complements their existing 1.4 bcm per year … Read the full press release

Eni Signs Long-Term LNG Contract with QatarEnergy to Boost Supply and Strengthen Partnership

(IN BRIEF) Eni, in partnership with QatarEnergy LNG NFE (5), has entered into a long-term contract for the North Field East (NFE) project in Qatar. This agreement will facilitate the delivery of up to 1.5 billion cubic meters per annum … Read the full press release

Eni and Lannutti Group Partner to Advance Decarbonization with Renewable Diesel HVOlution

(IN BRIEF) Enilive, a subsidiary of Eni focused on sustainable mobility, and the Lannutti Group, a prominent player in the logistics and road transport sector, have entered into an agreement to utilize HVOlution, a renewable diesel fuel derived from 100% … Read the full press release

Eni Awards 2023 Recognize Pioneering Research in Energy and Environment

(IN BRIEF) The Eni Awards ceremony for 2023 took place at Palazzo del Quirinale in Rome, attended by the President of the Republic Sergio Mattarella, Eni’s Chairman Giuseppe Zafarana, and Eni’s CEO Claudio Descalzi. These awards, now in their fifteenth … Read the full press release

Eni and Dompé farmaceutici Partner for Joint Research on Global Health Issues

(IN BRIEF) Eni CEO Claudio Descalzi and Dompé farmaceutici Executive Chairman Sergio Dompé have signed a Letter of Intent to initiate joint research and development efforts focused on public health and community well-being in regions where Eni operates, along with … Read the full press release

Eni Accelerates Energy Transition with Giant Gas Discovery off Indonesia’s East Kalimantan

(IN BRIEF) Eni, the global energy company, has made a significant gas discovery through the Geng North-1 exploration well off the coast of East Kalimantan in Indonesia. Preliminary estimates suggest a gas volume of 5 trillion cubic feet (Tcf) with … Read the full press release

Plenitude, Eni’s Renewable Energy Arm, Expands Presence in Kazakhstan with 50 MW Photovoltaic Plant

(IN BRIEF) Plenitude, a subsidiary of Eni focused on renewable energy, has inaugurated its first photovoltaic plant in Kazakhstan near Shaulder village in the Turkistan Region. With an installed capacity of 50 MW, this facility marks Plenitude’s entry into the … Read the full press release

LG Chem and Eni Explore Biorefinery Partnership to Produce Sustainable Fuels and Plastics in South Korea

(IN BRIEF) LG Chem, South Korea’s leading chemicals producer, and Italian energy group Eni Sustainable Mobility have announced their joint exploration of developing and operating a new biorefinery at LG Chem’s Daesan chemical complex in South Korea. The project aims … Read the full press release

Enilive and Accademia Niko Romito Launch ‘ALT Stazione del Gusto’ Project, Bringing Quality Street Food to Italian Service Stations

(IN BRIEF) Enilive, an Eni Sustainable Mobility brand, has partnered with Accademia Niko Romito to launch the “ALT Stazione del Gusto” project. The first restaurant under this partnership will open in Rome in September, located within an Eni service station. … Read the full press release

Eni Partners with Oando PLC to Sell Nigerian Agip Oil Company Ltd and Focus on Core Strategy

(IN BRIEF) Eni, a prominent energy company, has revealed an agreement with Oando PLC, Nigeria’s indigenous energy solutions provider, for the sale of Nigerian Agip Oil Company Ltd (NAOC Ltd). NAOC Ltd, a wholly-owned Eni subsidiary, is dedicated to onshore … Read the full press release

Eni Sustainable Mobility Redefines Transport with Enilive Brand Launch

(IN BRIEF) Eni Sustainable Mobility introduces the Enilive brand, marking a significant leap in eco-conscious transportation. Enilive focuses on bio-refining, biomethane production, and smart mobility solutions like the Enjoy car sharing service. With over 5,000 Enilive Stations in Europe, the … Read the full press release

Breaking New Ground: Technip Energies and Versalis Partner for Sustainable Plastic Recycling Solutions

(IN BRIEF) Technip Energies and Versalis, the chemical subsidiary of Eni, have partnered to integrate their advanced recycling technologies, Hoop®, Pure.rOilTM, and Pure.rGasTM. This collaboration aims to create an innovative platform for chemical recycling of plastic waste, forming an endless … Read the full press release

Eni Completes First Phase of Treasury Share Buyback Program with Acquisition of 4.2 Million Shares

(IN BRIEF) Eni, an energy company, has acquired 4,233,249 shares on the Euronext Milan from August 21 to August 24, 2023, as part of its treasury share buyback program. The shares were purchased at a weighted average price of €14.1299 … Read the full press release

Africa’s First Emission-Free Oil Production: Eni Launches Operations in Côte d’Ivoire’s Baleine Field

(IN BRIEF) Eni has initiated oil and gas production from the Baleine Field off the coast of Côte d’Ivoire, less than two years after its discovery in September 2021. This marks Africa’s first Scope 1 and 2 emissions-free production project. … Read the full press release

Eni and SLB Collaborate to Enhance Pipeline Safety and Monitoring with e-vpms® Technology

(IN BRIEF) Eni, through its subsidiary Enivibes, and SLB (Schlumberger) have formed an alliance to deploy e-vpms® (Eni Vibroacoustic Pipeline Monitoring System), an innovative technology developed by Eni. The e-vpms® system utilizes vibroacoustic wave detection to provide real-time analysis, monitoring, … Read the full press release

Eni’s Strategic Move: Acquiring Chevron’s Interests in East Kalimantan Blocks

(IN BRIEF) Eni, a global energy company, announces the successful acquisition of Chevron interests in the Indonesian Blocks Ganal PSC, Rapak PSC, and Makassar Straits PSC, located in the Kutei Basin, offshore East Kalimantan. Eni already held a 20% interest … Read the full press release

Eni and Industry Partners Outline Strategy for Decarbonizing Maritime Sector in ‘The Route to Net Zero’ Document

(IN BRIEF) Eni, in collaboration with industry partners and associations, has presented a strategic orientation document titled “The route to net zero. Decarbonizing the maritime sector.” The document was developed by 40 experts and focuses on analyzing the technological evolution … Read the full press release

Eni and Vår Energi Announce Agreement to Purchase Neptune Energy, Enhancing Low-Emission Operations

Eni and Vår Energi Announce Agreement to Purchase Neptune Energy, Enhancing Low-Emission Operations

(IN BRIEF) Eni and Vår Energi have announced their agreement to acquire Neptune Energy Group, a leading exploration and production company with gas-oriented operations in Western Europe, North Africa, Indonesia, and Australia. Eni will acquire Neptune’s global business, excluding Germany … Read the full press release

Eni Reports Successful Acquisition of 5.4 Million Treasury Shares on Euronext Milan; the company now owns 1.52% of its share capital

(IN BRIEF) Eni has announced the completion of its treasury shares purchase program from June 12 to June 16, 2023. During this period, the company acquired 5,417,589 shares on the Euronext Milan at an average price of €12.9818 per share, … Read the full press release

Eni’s Versalis and Gruppo Boero Unveil Sustainable Breakthroughs for Yachting Sector

(IN BRIEF) Versalis, the chemical company of Eni, has partnered with Gruppo Boero, a leading provider of paint products for the yachting industry, to develop sustainable solutions for yacht manufacturing. Versalis has created eco-friendly hardeners for epoxy systems using over … Read the full press release