Italian supermajor Eni SpA has signed a memorandum of understanding (MOU) with China to better cooperate on energy issues as both the company and country are targeting ambitious decarbonization goals in the coming decades. Eni, which has been working in China since the 1980s, said it signed the MOU with China’s International Cooperation Center of…
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Articles from Eni
Eni’s LNG Profits Higher, While Repsol Sees Possible Upside in Marcellus Gas
Despite an expected rise in liquefied natural gas (LNG) prices this winter, Italian supermajor Eni SpA does not expect to earn a profit in the fourth quarter from its global gas and power business because it already optimized trading in the first three quarters of the year, management said during a third quarter earnings call…
November 2, 2020
Eastern Med’s Prolific Natural Gas Resources Looking Rock Solid with Eni’s 4 Tcf Discovery
An estimated 4 Tcf of additional natural gas resources has been discovered offshore Egypt in what is becoming one of the most prolific resource areas of the world. Operator Eni SpA and BP plc on Wednesday said a gas-heavy strike was made in the Nidoco NW-1 well in the Abu Madi West Development Lease. The…
September 16, 2020
Eni’s Bashrush Natural Gas Well Builds Eastern Med Export Potential
Eni SpA, together with partners BP plc and Total SE, said they have successfully tested a well drilled on the Bashrush prospect offshore Egypt, expanding the possibility for exports to thirsty ports. Bashrush is in the Eastern Mediterranean (Med) within the North El Hammad concession, in the Nile Delta. Seven miles from the coast, the…
July 29, 2020
Eni’s Natural Gas Discovery Offshore Egypt Adds to Plethora of Eastern Med Opportunities
Italian supermajor Eni SpA has struck natural gas in its first exploration well in the North El Hammad offshore Egypt in the Nile Delta, adding to a gusher of opportunities in the region. Eni, which operates the block in the Eastern Mediterranean (Med) with partners BP plc and Total SA, said the discovery at Bashrush…
July 2, 2020
Eni Takes Big Step to Separate Oil, Gas Development in Transition to Toward Decarbonization
Italy’s supermajor Eni SpA has upended its oil and gas focus by creating two business groups that are to maintain “close links”to the hydrocarbon value chain but better manage the energy transition to alternative fuels by developing decarbonization processes.
June 5, 2020
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