Libya’s eastern flood devastation raises political risk
The precise number of dead is not yet known. Local media have put the figure at 2,000 dead, but thousands are missing. The Red Crescent has said that 10,000 people are missing.
Eni
Saipem wins Eni, Snam work worth $911mn
In Cote d’Ivoire, the service company has won a subsea umbilicals, risers and flowlines (SURF) contract for Baleine Phase 2. Eni began producing at this field in August.
Eni’s Oando sale runs into headwinds
NNPC “reserves its rights” over the breach. Failure to obtain approval allows NNPC E&P Ltd (NEPL) to “invalidate the purported assignment” to Oando.
Eni gears up for Cinnamon spud off Morocco
A number of companies have come to explore Morocco’s offshore, drawn in by attractive tax rates and geological models, but have been largely disappointed.
Eni sells down Nigerian onshore to local player
These four OMLs attributed 24,000 barrels of oil equivalent per day to Eni net in 2022.
Eni extends Borr jack-up contracts
The Prospector 5 will now be under contract until May 2026, while the Natt is under contract until December 2025.
Eni unleashes Baleine, with eye on growth
Eni discovered Baleine in September 2021. It took the final investment decision around six months later.
Transocean Barents arrives in Lebanon for Total drilling
Transocean has reported the day rate for the rig is $365,000 under the one-well contract.
Saipem bags $1bn contract for Libya’s Bouri field
Saipem has secured a major contract for engineering and commissioning work on a new gas module for Libya’s Bouri field.
TechnipFMC awarded Ndungu pipe work off Angola
Azule Energy has awarded TechnipFMC work to supply flexible pipe for its Ndungu project offshore Angola.
Eni sees profits drop 64% in H1 results on lower oil and gas prices
Neptune Energy buyer Eni noted lower prices and an impact from UK windfall tax
Eni and SLB join forces to combat pipeline leaks
Oilfield services giant SLB (NYSE: SLB) has teamed up with supermajor Eni (NYSE: E) to rollout a new technology for monitoring pipelines.
Eni’s renewables arm Plenitude on track to meet profit target, unit CEO says
Eni's Plenitude renewables arm is on track to meet its profit target for 2023, as it prepares to list shares within the next two years and pushes to increase clean power generation, the unit’s chief executive officer said.
Eni takes control of IDD, while Chevron focuses on low carbon options
Indonesia accounted for 0.1% of Chevron’s production in 2022. It lost the Rokan block in August 2021, which had contributed 130,000 bpd the previous year.
Eni deal a ‘clean exit’ for Neptune board amid low valuations for oil stocks
A top oil and gas analyst has given reasoning for Neptune Energy’s decision not to go down the public listing route.
Eni starts local talks to double Mozambique FLNG
Eni acquired its environmental licence for Coral Sul in 2015. The FLNG facility shipped its first cargo in November 2022.
Eni strikes Congo sale with Perenco
Eni reports production from 18 blocks, of which it operates 12 – with 10 offshore and two onshore. In the upstream, its focus is around the deep waters off Pointe Noire and, onshore, in Koilou.
Springfield lines up cash for unitised Afina plan
Springfield is in conflict with Eni over this field. Springfield drilled the Afina discovery in November 2019.
Neptune takeover: ‘Strategic logic’ to Eni’s decision, says analyst
Analysts have highlighted Neptune Energy’s bountiful gas reserves as a driving force behind its impending takeover.
Eni to acquire Neptune Energy, with Norwegian assets going to Var, as $4.9bn deal unveiled
Italian supermajor Eni’s (NYSE: E) takeover of Neptune Energy – a deal that has been rumoured for months – has officially been confirmed.
Italy’s Eni nears $5bn deal for Neptune Energy
Italian energy group Eni (NYSE: E) is nearing a deal to acquire oil and gas explorer Neptune Energy Group for about $5 billion, according to people familiar with the matter.
Baker Hughes wins subsea Baleine work
Phase 2 will involve the use of an existing FPSO. Production is due to start by the end of 2024. This will allow Eni to export oil, while it will send gas onshore via a pipeline to power plants.
CVC investment in clean energy start-ups reaches record-high
At over $8billion, big company corporate venture capital investment (CVC) in clean energy start-ups ran at a record high last year.
Summit drives forward Bacton hydrogen project after North Sea upstream exit
Following the sale of the bulk of its North Sea assets to Ithaca Energy, Summit has embarked on a new hydrogen-focused joint venture with Progressive Energy.
Flotation Energy looks to the next set of giant UK floating wind farms
Flotation talks up Cenos and Green Volt; its next towering North Sea floating wind projects, and how it intends to ensure UK ports are involved.