Africa offshore drilling at six-year low as explorers curb quest
US explorers aren’t the only ones idling rigs as sub-$50 crude forces oil and gas drillers in Africa to slow their search for new reserves.
US explorers aren’t the only ones idling rigs as sub-$50 crude forces oil and gas drillers in Africa to slow their search for new reserves.
New guidelines for leak detection systems for offshore fields has been launched by DNV GL.
Chariot Oil & Gas has signed a farm-out agreement with Eni for the company to acquire a 40% interest in return for a capped carry on drilling the JP-1 prospect.
A consortium comprising GNPC, Explorco, Vitol, Eni and Woodfields, has been awarded a new exploration licence offshore Ghana.
ExxonMobil is said to be in talks to take a sizeable stake in Eni's acreage off Mozambique, according to reports.
Italian oil company Eni aims to save EUR13billion from cost cutting and asset sales as it aims to become a leaner organisation in the new low oil price environment,
A director at Eni said its Goliat oilfield project could still be profitable even below $50 a barrel oil.
Eni confirmed it had successfully started production on its landmark Goliat oilfield, two years after its initial first oil target day.
Eni said it has successfully preformed a production test on the first appraisal well of its Zohr discovery.
Eni reported a fourth-quarter loss, missing analysts’ expectations as the slide in oil prices deepened.
The Mozambique government had approved Eni's plan of development (POD) for the Italian oil major's Coral FLNG project, a key step towards a final investment decision.
The Egyptian government has given the go ahead to Eni for the development of the Zohr gas field, in the Shorouk Concession, offshore Egypt.
Norway's Petroleum Safety Authority has issued orders to Eni Norge following an audit of logistics and employee participation on the Goliat FPSO.
Eni said It will start-up production from the Goliat field this month.
Eni, ExxonMobil, Nexen and Statoil are among the companies awarded licences in Ireland’s latest offshore round.
Eni has terminated a contract of the Ocean Rig Olympia.
Eni has been given approval from the Norwegian Environment Agency to start oil production from the Goliat field in the Barents Sea.
Eni has been given conditional consent to start using its Goliat FPSO (floating, production, storage and offloading) vessel by the Norwegian Petroleum Safety Authority.
Norwegian operator Statoil and its partners have agreed on a development for the Trestakk oil and gas discovery off the coast of Norway after reducing initial costs estimated by 30%.
Italy’s Eni has confirmed the European Commission has cleared its plans to sell a 12.5% stake in fellow Italian firm Saipem. The Commission has published its authorisation for the transaction following the positive outcome of the anti-trust procedure.
Eni has started production from the Mpungi field in the West Hub Development Project offshore Angola. The company said the start-up of the Mpungi in Block 15/06 will bring production to a ramp-up of approximately 100,000 barrels of oil equivalent (boed) in the first quarter of this year.
Eni and its partner Kogas have had a proposal for a two-year extension for exploration of hydrocarbons in Cyprus’ economic zone approved.
The global oil industry is set to repeat this year’s $200 billion of investment cuts in 2016, raising even more concerns than the current slump in crude prices, according to the chief executive officer of Italy’s Eni SpA. "What is worrying me is not the price of today; it is what is happening in the industry,” CEO Claudio Descalzi said in an interview with Bloomberg TV from the COP21 climate change conference in Le Bourget, France. “We cut about $200 billion and I think next year we are going to do the same and that can create in the mid term an imbalance between supply and demand."
Italy's Eni has been given the green light for its drilling campaign offshore Mexico.
Eni said it has sold its remaining 4% stake in Portugal’s Galp Energia in a $348million deal. The Italian oil and gas group said it has sold the shares through an accelerated bookbuilding procedure at a price of €9.81 each.