Fast-moving plans for a Santos-led carbon capture and storage (CCS) project at the Bayu Undan field offshore East Timor, that would see the nation import Australia’s waste, have been described as “carbon colonialism” by independent thinktank La'o Hamutuk.
France’s TotalEnergies and Italy’s Eni said they were ready to invest billions of dollars in Libya as the OPEC nation emerges from a decade of conflict and civil war.
A Mozambique NGO has accused Eni of evading taxes and local content responsibilities through its use of foreign contractors at the Coral Sul floating LNG (FLNG) project.
Seaway 7 has secured a contract for the transport and installation of monopile foundations and transition pieces on the third phase of the Dogger Bank Offshore Wind Farm.
Italy’s Eni (BIT:ENI) has shut down a well at its Merakes field in its East Sepinggan production-sharing contract (PSC) offshore East Kalimantan, Indonesia, due to subsurface problems. This has triggered a production loss of about 60 million cubic feet per day, according to Indonesian upstream regulator SKK Migas.
A north-east engineering giant founded by the family of Sir Ian Wood has won a design contract on a carbon capture project in England that beat out a rival bid in Scotland in a recent competition.
SKK Migas, Indonesia’s upstream regulator, said Italy’s Eni (BIT:ENI) is closer to a takeover bid for Chevron’s (NYSE:CVX) giant Indonesia Deepwater Development (IDD).
Eni is pulling out of plans to explore for oil with Sasol in a large block off South Africa’s southeast coast due to concerns over the technical challenges of drilling in deep waters, according to two people familiar with the decision.
Eni CEO Claudio Descalzi has held talks with Cote d’Ivoire President Alassane Ouattara on plans to fast track the development of the Baleine 1-X discovery.
Exploration companies big and small are warming up for a busy next 12 months – although some have warned this may be the last such push in the energy industry.
Australia’s Santos today announced that it has signed a memorandum of understanding (MoU) with East Timor’s regulator ANPM to progress a carbon capture and storage (CCS) project, estimated to cost $1.6 billion, at the ageing Bayu Undan field in the Timor Sea. But low returns and high complexity threaten the viability of the proposed scheme.