Energy transition may ‘push’ oil majors to sell or swap $100billion of assets – Rystad
Oil majors may be "pushed" to sell or swap more than $100billion of assets due to the energy transition, according to Rystad Energy.
Eni
Eni scores major gas find with Nooros extension
Eni and BP have made a new gas find in the Great Nooros area, in the Abu Madi West lease offshore Egypt.
Mubadala Petroleum eyes $2bn Southeast Asia sale
Mubadala Petroleum has put its Southeast Asia portfolio up for sale for $2 billion. The Abu Dhabi-based company will be following in the footsteps of ExxonMobil, Chevron, Shell, Murphy Oil, Hess, Repsol and Eni, all of which are looking to sell assets in the Asia region.
Peak Oil: BP, Eni, Shell lead Big Oil’s search for new business model
For most of the past century, Big Oil executives found it pretty easy to explain to investors how their businesses worked. Just locate more of the commodities that everyone needed, extract and process them as cheaply as possible, and watch the profits flow.
Eni discovery dents value of ExxonMobil’s Blue Whale in Vietnam
Eni’s recent gas discovery offshore Vietnam puts further pressure on ExxonMobil to reduce the value of its Blue Whale project as the U.S. major hunts buyers for what could be the country’s largest-ever gas development.
Turkey confronts EU with new energy survey off Cyprus
Turkey has dispatched a drilling ship to an area off the southwestern coast of Cyprus, in a move that could fuel territorial disputes with EU member states in the eastern Mediterranean.
Beijing rattles oil companies in South China Sea off Vietnam
Beijing has increased pressure on Hanoi thereby derailing yet another upstream project in the South China Sea.
Petrofac shares details of potential upcoming contracts
Petrofac has shared details of a number of contracts that will potentially be put out to tender over the next year.
Eni strikes one of the biggest gas finds in Southeast Asia for 20 years
Eni has confirmed the presence of a giant gas and condensate field in Block 114 in the Song Hong Basin off Vietnam.
Total celebrates Bashrush flow
A well drilled offshore Egypt may be able to flow at up to 100 million cubic feet (2.83 million cubic metres) per day of gas, Total has reported.
Prosecutor calls for jail sentence for Eni boss on bribe charge
A prosecutor in Milan asked for eight years of jail time for Eni SpA Chief Executive Officer Claudio Descalzi over an allegedly corrupt $1.1 billion Nigerian oil deal.
Eni looking to find buyer for Norway, Congo assets
Eni SpA is looking to sell assets in Norway and the Republic of Congo as oil’s slump prompts companies across the industry to rein in spending, according to people with knowledge of the matter.
Eni hands in plan to decommission six North Sea platforms
Eni has submitted plans to decommission its six platforms in and around the Hewett field in the North Sea.
Eni comes calling in Tripoli
Eni’s CEO Claudio Descalzi has held talks with the head of the Government of National Accord (GNA) Fayez al Sarraj and the chairman of the National Oil Corp. (NOC) Mustafa Sanalla.
Eni talks gas with Sonatrach
Sonatrach has signed gas agreements with Eni following a high-level meeting in Algiers.
Eni extends Nooros area with Egypt find
Eni has found gas offshore Egypt, in the Nile Delta’s North El Hammad licence.
Missing diplomatic bag not enough to save Egypt
Egypt has lost its bid seeking more time in its dispute with Union Fenosa Gas (UFG), over a failure to supply gas to a liquefaction plant at Damietta.
Lebanon issues warning on Israeli licence plans
Lebanese President Michel Aoun has condemned planned Israeli exploration in contested waters.
Oil majors ‘still falling short’ of climate goals – Carbon Tracker
Oil majors are “falling short” of global climate goals despite their updated emissions targets, according to a new report.
ExxonMobil is the least resilient oil supermajor – Wood Mackenzie
New research has named ExxonMobil as the least "resilient" supermajor to weather the current oil downturn.
Sasol cited over Mozambique costs
A Mozambique audit has raised concerns about upstream companies misstating recoverable costs, highlighting South Africa’s Sasol in particular.
Eni’s Rovuma drilling disrupted
Coronavirus and the sudden drop in oil prices has led to some measure of disruption in Mozambique, local regulator Instituto Nacional de Petroleo (INP) has said, although there should be no long-term impact.
Mozambique’s gas hub future
The LNG industry in Mozambique will have a transformative impact on the country’s economy – and establish it as a regional gas hub, participants on an Africa Oil Week webinar have said.
Oil CEOs write open letter saying pandemic ‘sharpens focus’ on climate goals
The chief executives of 12 major oil and gas firms have written an open letter saying the Covid-19 pandemic won't delay climate action but has instead "sharpened" the focus on it.
Trial accuses Kolmar of pillaging
Trial International has filed a criminal complaint against Kolmar Group with the Office of the Attorney General in Switzerland.