Geng North is thought to hold around 5 trillion cubic feet of gas and 400 million barrels of condensate. Eni sees the Kutei Basin becoming a “new world class gas hub”.
Eni said the companies may work together in renewable energy, blue and green hydrogen, carbon capture and storage (CCS), tackling methane emissions and other areas.
“Along with our partners, we are committed to drilling as soon as possible in 2023 an exploration well in Block 9, and our teams are mobilised to conduct these operations.”
Mellitah is the origin point for the Greenstream pipeline, which carries gas from Libya to Italy, via Sicily.
Data from the European Union shows Algerian gas flows to Italy up 41% year on year in the third quarter of 2022.
Eni and Sonatrach have ceremonially laid the first stone for a 10 MW solar photovoltaic (PV) plant at Bir Rebaa North (BRN), in southeast Algeria.
Coral Sul has exported its first LNG cargo, bringing Mozambique into the exclusive club of liquefied gas exporters.
The energy industry’s job is to “pay our taxes” and invest, BP (LON: BP) CEO Bernard Looney told attendees at the Adipec conference today.
Eni and ExxonMobil have both confirmed the start up of the Coral Sul floating LNG (FLNG) project, offshore Mozambique.
Eni's profit remained strong in the third quarter, beating estimates despite a decline in oil and gas prices.
Adnoc and Eni have held high-level talks on accelerating development at the Ghasha sour gas project, in a bid to increase global supply.
Eni CEO Claudio Descalzi has held talks with Abdel Fattah al-Sisi on increasing investments in Egypt, upping gas exports and domestic renewable energy.
Libya’s National Oil Corp. (NOC) chairman Farhat Bengdara has visited the heads of Eni and TotalEnergies in their home offices, seeking new investments.
High gas prices represent an opportunity for those already producing, but those working on new supplies are feeling the need to accelerate plans. Floating LNG (FLNG) offers one solution, being faster to market than onshore projects.
Eni (MIL:ENI) has drilled an exploration well marking a second discovery on the Baleine structure, offshore Cote d’Ivoire.
Eni, TotalEnergies, Occidental Petroleum and Sonatrach have signed a production-sharing contract (PSC) extending control over two blocks in Algeria’s Berkine Basin.
Sonatrach has made a significant addition to its reserves at the Hassi R’Mel licence.
Eni and Sonatrach have signed a memorandum of understanding (MoU) on accelerating gas plans and a move towards green hydrogen.
Italy has secured a deal to increase gas supplies from Angola, following high level talks between Italian Minister of Foreign Affairs Luigi di Maio and Angolan President João Lourenço.
Eni has signed a deal to secure more gas flows for Italy from Egypt, just two days after striking a similar agreement with Algeria.
Eni CEO Claudio Descalzi has continued his progression around North Africa, holding talks with top Algerian officials on April 3.
Eni CEO Claudio Descalzi has held talks today with Egyptian President Abdel Fattah al-Sisi around gas and exports.
Africa will play a critical role in providing more supply for Eni’s portfolio, CEO Claudio Descalzi set out during the company’s capital markets day.
BP and Eni have reached an agreement to combine their Angolan businesses in a 50:50 joint venture.
Eni (BIT: ENI) is back in the black after an “excellent” financial year in which it accelerated the pace of its transformation strategy.